Silver IRA
Whether you dream of retiring and traveling the world or buying a bungalow by the beach, you’re going to need money to make your dreams come true. You already have an Individual Retirement Account (IRA). However, you struggle to diversify it. A Silver IRA might be the answer.
What Is a Physical Silver IRA?
A silver IRA is an individual retirement account that offers the same tax benefits as a traditional IRA, where the individual invests in silver instead of traditional stocks, bonds, and ETFs. The investor buys and holds silver coins and bars. These silver deposits are considered a safer investment than the stock market, which can be volatile and unpredictable. Since silver is in a major Bull Market, many investors take advantage of physical silver in their IRA without any tax implications.
Benefits of a Physical Silver IRA
Historically, Wall Street and money managers have not offered precious metals or alternative assets in an IRA. A precious metal IRA is also known as a Self-Directed IRA. A Self-Directed IRA puts you in the driver’s seat, allowing you to make financial decisions in your best interest that a financial planner might sway you away from, thereby missing many benefits of a Silver IRA.
One of the most significant benefits of a silver IRA is that silver has consistently shown steady appreciation over the years, making it a safer investment. Additionally, silver provides diversification within your IRA. It provides you with another investment opportunity.
How Does a Physical Silver IRA Work?
When you’re ready to open a silver IRA, you need to find a precious metals company that will educate you and facilitate your needs. It’s essential to find a reputable precious metals company that understands the intricacies of how a physical IRA operates. They should not pressure you but rather operate as educators and facilitators of your needs.
Why Choose Landmark Capital for Your Silver IRA?
Landmark Capital will educate, facilitate, and find the best value for you to meet your needs. Landmark Capital brings more than 30 years of experience for you to rely on. Our team works for you, empowering you, educating you, and facilitating your choice of products. We believe in providing our clients with education about investing in precious metals so you can make an informed decision about your silver IRA.
Our company is very cost-effective and can help you understand the different markets in physical silver. Depending on your philosophy and what is important to you, you may want silver coins or perhaps silver bars. For each category, you will know both the benefits and drawbacks of all the different markets in physical silver. Landmark Capital has developed an easy-to-learn and understand process facilitated through an interactive conversation with one of our representatives.
Silver IRA Tax Benefits
The tax benefits of a silver IRA are the same as those of a traditional IRA. You are allowed to invest a predetermined amount each year in your pretax income. For example, in 2024, the amount was $7,000. If your income was $50,000 and you invested the full $7,000, your taxable income would fall to $43,000 before you begin taking other deductions. You can also roll over an existing 401k or transfer an existing IRA into a Qualified IRA.
There are many types of retirement that can hold physical silver, such as SEP, Roth, Traditional and Inherited IRAs, 401k Pensions, TSP, and 457s. All have the same tax benefits you have in paper assets you can have in physical silver assets. Contributions are one of several ways of funding your new self-directed IRA. Most investors roll over funds from a 401 (k) or transfer funds from an existing IRA to fully diversify their retirement.
Common Questions About Silver IRAs
There are some questions we commonly hear about silver IRAs. Here’s a look at a few of them:
Is Silver a Good Investment?
As a precious metal, silver is considered a safe investment with steady growth.
Does a Silver IRA Have the Same Contribution Limits?
Yes, a silver IRA has the same contribution limits as your traditional IRA.
Is There a Restriction on How Much Silver I Can Own?
No, there isn’t a federal restriction on how much silver you can own.
How to Get Started with a Silver IRA
To get started with a silver IRA, you need to open an account with a trustworthy precious metals company and fund it. Working with Landmark Capital is a straightforward three-step process.
Step 1: is to understand how it works and the benefits this type of investment has.
Step 2: Once you understand it and if you want to move forward, Landmark Capital will complete all the necessary paperwork for your convenience. We will review each form, explaining its purpose and where to sign it. Once the funds are deposited into your IRA account, we will proceed with Step 3, which involves educating you on your investment choices, including both the benefits and drawbacks, so you can select the market(s) you wish to invest. After you have made your purchase, the physical metals are shipped to the location you choose for storage.
Landmark Capital is here after the purchase to answer any questions you may have over the years, as well as to liquidate your portfolio if needed.
Secure Your Retirement with a Silver IRA
When you’re ready to take the first step in learning about a silver IRA, Landmark Capital is ready to help. Our team is here to educate you, answer your questions, and address your concerns. Contact our team to begin the simple, no-obligation process.
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