Gold & Silver IRA
Prior to 1997 the government restricted retirement accounts to stock, bonds, mutual funds, and money market accounts mostly. The Taxpayer Relief Act of 1997 made it possible to hold physical precious metals in an IRA. This allows you to fully access all the benefits of owning physical precious metals. Retirement accounts that are qualified to transfer or rollover to a Self-Directed IRA for the purchase of physical metals are the following:
Inherited or Beneficiary IRA
With the national debt and the challenges to the U.S. Dollar, at Landmark Capital we believe that investing in stocks and bonds could be among the riskiest investments currently with our debt and dollar challenges. With inflation just around the corner, stocks historically have proven to be a poor investment during times of rising interest rates. In the last decade and a half, retirement accounts that had precious metals in them had less volatility and outperformed the Dow Jones and the S &P 500 index. From 1997 until today, a portfolio that invested 50% in the Dow Jones Index and 50% in the S &P 500 Index, would be up approximately 155%. Compared this to the portfolio that consisted of 50% Gold and 50% Silver, would be up approximately 249%.
Former Federal Reserve Chairman of 18 years Alan Greenspan recently wrote that to contain inflation, interest rates would need to be raised to double digits in the next couple of years. In a recent speech at an investment conference he spoke openly about inflation, interest rates, and gold. Greenspan, also recently said “The Fed’s balance sheet is a pile of tinder, but it hasn’t been lit…inflation will eventually have to rise.” According to Wall Street Journal reporter Michael S. Derby, “Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments. Greenspan was directly asked if he thought gold would go up and how much his answer was “Measurably”.
The Benefits of owning precious metals in an IRA
Historically offers a hedge against stock market volatility
Protects against the devaluation of the dollar
Significant performance in an inflationary environment
Protects against possible government retirement account Bail In
Many of our clients have already taken steps to protect their hard earned retirement dollars by owning physical precious metals in their IRA through Landmark Capital. With Quantitative Easing coming to an end and the Federal Reserve announcing the intent to raise interest rates to control inflation, now is the time to get started securing your financial future. Most individuals currently saving for retirement may qualify for a Precious Metals IRA.
The first step is to speak to one of our knowledgeable representatives. We will educate you and analyze your current retirement accounts to determine if you can establish a Self Directed IRA for gold and silver. Let’s discuss your options and answer your questions. Contact Landmark today and see if you qualify to purchase precious metals in your retirement.
Disclaimer: Tax laws regarding IRA’s are complex, and in some cases ambiguous and open for multiple interpretations. Landmark Capital and their representatives cannot offer you tax advice. Any written or verbal communication should not be considered tax advice or acted upon as such. Before making any decision, you should seek advice from an attorney or tax professional. All markets have risks associated with them. Past performance in any market is not a guarantee of future results.