Gold Self-Directed

Introduction

Self-directing your investments is a great way to get additional freedom and control over your retirement and other savings.

A self-directed account (e.g., SDIRA, SD401k, SDESA, etc.) allows one to conduct certain of their transactions through a tax-deferred or tax-advantaged account. This offers the opportunity to implement unique planning mechanisms which may provide additional benefits specific to each individual.

Whether your goal is to build wealth for retirement, accumulate savings for child’s education, or implement any other planning strategy, we are dedicated to helping our customers achieve their long- and short- term endeavors. Accordingly, our structured gold program is designed so that you may incrementally benefit from setting aside a portion of your savings to buy gold over time.

What types of accounts are typically Self-Directed?

Traditional IRAs, Roth IRAs, Solo 401Ks, and Coverdell Education Savings Accounts

Benefits of a Self-Directed Account?

Self-directed accounts share the underlying benefits of the special type of account that is being self-directed. Additionally, self-directed accounts permit one to implement unique planning mechanisms and offer additional freedom and control to conduct transactions beyond investing in traditional stocks and bonds. Several Self-Directed IRA / 401k / ESA custodians even allow customers the option to invest in precious metals (i.e., gold, silver, etc.).

Provided that one is eligible and takes care not to enter into any prohibited transactions, you may generally invest in a broad range of assets in the US and abroad. This includes precious metals, real estate, private placements, promissory notes, IRA LLCs, foreign currency, cryptocurrency, tokenized assets, and a range of other assets.

For example, if you choose to self-direct a traditional IRA or a solo 401k, you would be able to conduct certain of your transactions through pre-tax earnings and additionally may benefit from any tax-deferred growth. Under a Roth IRA and Coverdell ESA, one may benefit from earnings which grow-tax free and tax-free withdrawals if funds are withdrawn for a qualifying purpose.

Acquiring gold through a Self-Directed Account?

Gold held in a self-directed account must be maintained in the possession of a bank or IRS approved depository. Correspondingly, custodians which permit taxpayers to self-direct their investments, and purchase gold, generally offer customers the option to store gold with specific depositories. Additionally, as operating manager of an IRA LLC, one may select where they would like to store and maintain their gold assets, provided that the asset is eligible to be held in the IRA and stored and maintained in the possession of a bank or IRS approved depository.

Gold bullion suppliers normally indicate to customers which product is specifically IRS approved. Correspondingly, all gold sold by My Gold Grams Inc is investment-grade gold bullion which may be held within one’s IRA. Similarly, each product sold by My Gold Grams Inc is certified and assayed. Once purchased, the gold should be sent directly to the bank or IRS approved depository where the gold will be held.

How may I commence buying gold for my SDIRA through My Gold Grams?

For additional details regarding available programs for those buying gold through a Self-Directed Account, please proceed to contact our sales team by clicking the link below.