Self-Directed IRAs (SDIRAs)
It’s never too early to start thinking about your future. Learn why self-directed IRAs are a great option for investing in your retirement.
SDIRAs are a great way to invest in a wider array of assets, and they provide a great alternative to traditional IRA assets (such as stocks, bonds, etc.)
What is an SDIRA?
An SDIRA is different from a normal IRA because the assets you can hold are different than traditional securities.
An SDIRA allows you to use assets such as precious metals, private placements, tax lien certificates, real estate, and other alternatives. At California Gold and Silver Exchange, we make it easy to get started with an SDIRA. After you talk to your financial advisor, simply come into our store and fill out a form to get started.
Why Choose Gold for an SDIRA?
There are many benefits to choosing gold as an asset for your SDIRA. With an SDIRA, you can choose gold coins, bullion, bars, or all three as part of your investments. However, there are other reasons you should choose gold as an asset including:
- You can choose to use pretax or after-tax dollars through a special custodian or through your broker.
- The IRS allows you to purchase gold in any approved physical forms to use as an investment.
- These accounts are separate from any regular IRAs you have set up.
- Gold and other precious metals act as a hedge against inflation.
- Gold and other precious metals hedge your retirement savings against market crashes.
These are just a few of the reasons choosing an SDIRA is a great way to invest in your future.
How Does It Work?
A gold SDIRA requires that you actually purchase the physical gold, and then store it as part of the investment. Usually your custodian, a bank or brokerage, will manage your account and keep track of all of the assets that you include in your account. California Gold and Silver can act as your custodian for storing the precious metals you choose to invest in. Talk to your financial advisor before deciding if an SDIRA is right for you.
What Are the Risks of Using Gold as an SDIRA?
As with any type of investment, there are some risks involved when it comes to investing in gold and choosing an SDIRA in general. Some things you should keep in mind are:
- The price of gold is constantly fluctuating.
- SDIRAs often carry higher fees than regular IRAs because they require you to purchase and store physical assets.
- The IRA puts a limit on annual contributions you can make to your SDIRA.
Keep these risks in mind when you are deciding if an SDIRA is right for you. You should always talk to your financial advisor or CPA before making any decisions about your finances.
How to Get Started
You can easily get started with your SDIRA at California Gold and Silver Exchange. Simply come into our office and fill out a form to start investing in your future. Be sure to talk to your financial advisor before making any monetary decisions.