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1700 Rockville Pike, Suite 400

Rockville, MD 20852

infoasi@assetstrategies.com

1-800-831-0007 (Toll Free)

301-881-8600

9 am - 5 pm EST

Monday - Friday

 

Asset Strategies International is an industry leading full service tangible asset dealer specializing in precious metals, foreign currency and rare tangible assets.


For other products and services:

www.ASIPMDirect.com

800-831-0007

301-881-8600

Fax: 301-881-1936

9 AM - 5 PM EST

infoasi@assetstrategies.com

 

Asset Strategies International

1700 Rockville Pike, Suite 400

Rockville, MD 20852

Gold for Your Golden Years...

More Important Now Than Ever

We believe that clients should be informed so that they can make the right selection from many strategies, products, and services to preserve their financial future. With all the uncertainty and volatility in the markets -- only to increase as the November elections draw near-- it's more important now than ever to ensure you don't outlive your money.

One strategy to accomplish that goal is to invest in a precious metals IRA… Did you know that was an option for self-directed IRAs? We have been assisting clients in making it a reality since the IRS code first allowed it over 30 years ago!

 

IRA Precious Metal

 

Individual and corporate tax returns must be filed for the 2020 tax year by April 15, 2021. You MUST make your 2020 contribution by that date, but you can also make your 2021 contribution at the same time, if you wish. Like this year, we may see extended tax deadlines to help individuals struggling from the effects of the pandemic, but it's smart to plan to meet the original deadline.

For each year, the total annual contributions to your Traditional and Roth IRAs combined cannot exceed: $5,500 if you are under age 50, or $6,500 for those ages 50 or older. Traditional IRA contributions are not limited by annual income, and are tax deductible for the year of the contribution.

This way, you can roll forward some of your contribution room, even over multiple years. This is particularly useful for those of you expecting income increases in the next year or so.

Roth IRAs
Roth IRA contributions are after tax dollars. Consider also that adding precious metals to a Roth IRA will carry additional benefits since you won’t have to pay taxes on the gains. However, there are limits and eligibility rules based on your modified adjusted gross income, which also vary depending on tax-filing status as follows:

 

IRA Precious Metal

Don't Forget
The Traditional IRA is tax deferred, not tax exempt. When you reach April 1st immediately after you turn 70 1/2 years of age, you are forced to take distributions. At that point, funds in your traditional IRA must begin to be withdrawn, and ordinary income tax must be paid on the withdrawal.

How much is your RMD withdrawal?
At 70 ½, the RMD is 3.65% of the TOTAL value of all your deferred accounts as of December 31st of the year prior. As you go through your 70’s, the percentage you are forced to take out increases. For example, at 72 it's approximately 4.2%. When you're in your 80’s, it can be 6%. As you get older, you are forced to take out more money at unknown future tax rates.

Your ROTH contribution, so long as it is in your qualified account for 5 years or more, is distributed tax-free… including the growth. There is no RMD requirement. This is a good deal, if you can afford to pay taxes on current qualified holdings and convert to a ROTH, or make contributions without taking a deduction.

Alternative Assets in Your IRA
The Internal Revenue Code allows IRAs to own certain gold, silver, platinum and palladium bullion (coins and bars) so long as they meet the LBMA minimum standards of fineness. In general, precious metal bullion and coins that are 99.9% pure or better are eligible for IRA investment, but we can help guide you when it comes time to make your purchase.

Precious metals are perfect for an IRA because they are for long term investing and so is your retirement plan.

But, you must have a self-directed account that follows carefully controlled IRS rules and restrictions. Specifically, your precious metals cannot be held by you directly; they must be held through an IRA administrator in an approved depository.

 

IRA Precious Metal

 

Another great IRA alternative is the Perth Mint Certificate which can be placed in your existing self-directed IRA if you have one. ASI has been working with several trustees/administrators for decades in this regard. Your gold, silver or platinum is held offshore in Perth, Western Australia and is guaranteed for safety by the Government of Western Australia and is fully insured at full market value at all times… at their expense.

Plus, when it comes to making your RMD, all you have to do is call ASI. We will be glad to help you liquidate properly for ease and convenience.

ASI offers several programs, IRA storage choices and trustees/administrators, one of which is certain to be right for you. You can even hold your IRA assets offshore! Give one of our Preferred Client Representatives a call at 800-831-0007 or email us to discuss your precious metals IRA options… another strategy to help you Keep What’s Yours!

*Asset Strategies International is neither a financial advisor nor a tax advisor. Consult your CPA or Tax Attorney today before making any decision.

Contact ASI

1-800-831-0007 (Toll Free)
301-881-8600

Fax: 301-881-1936

infoasi@assetstrategies.com

8AM - 5PM EST, Monday - Friday

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    1-800-831-0007
    301-881-8600
    Fax: 301-881-1936 infoasi@assetstrategies.com
    Monday - Friday
    8:00 am - 5:00 pm EST
    1700 Rockville Pike, Suite 400, Rockville, MD 20852

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