Important Things to Know About a Precious Metals Self Directed IRA

by | May 4, 2021 | FInancial Service

There’s no doubt that many different avenues are available for investing. Each one has its own pros and cons. One often overlooked mode of investing concerns a precious metal self-directed IRA. If you have ever been interested in this type of investment, you should take the time to understand the pertinent details. Take a look at some of the important features of a self-directed IRA.

Why Invest in Precious Metals for Your IRA

One of the main reasons you should choose a precious metal self-directed IRA is to diversify your investments. It’s never a good idea to put all your eggs in one basket when it comes to a retirement portfolio. It’s a lot better to keep all of your options on the table. Therefore, if one part of your portfolio does not perform, you’ll be able to fall back on the other investments. This is one of the main reasons to consider this type of IRA.

Is There a Choice When It Comes to the Depository?

One main concern of potential investors is whether they have any control over the depository. This question is answered in the affirmative when you invest with us. What makes this IRA administrator unique is that you are given the decision-making power when it comes to the storage facility. This can bring a lot of peace of mind to investors.

Allocated Versus Unallocated Storage

There is one distinction you should understand when it comes to precious metals self-directed IRAs. Allocated storage is used for gold that weighs more than 10 oz. This gold is stored separately from other types of metals. Once the gold is distributed, you’re guaranteed to get the exact bar that you deposited.

With unallocated storage, your investment is kept alongside other metal bars. In the latter case, you’ll get a bar from the same refiner and of the same weight when you seek a distribution.

If you are interested in starting a self-directed IRA, get in touch with us.

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