Questions about Retirement

Retirement can be a broad, complicated subject. Cornerstone is here is to help simplify the retirement process to make it easy for you to make smart decisions for your financial future.

Advantages of establishing a self-directed retirement account:

  • Saving money for retirement.
  • Cutting your tax bill.
  • Your investments grow tax-deferred.
  • There are IRAs and 401ks for any situation.

We specialize in helping investors diversify a portion of their portfolio into hard assets such as gold, silver, platinum, and palladium with advanced precious metals investment strategies designed to maximize returns through the purchase of tangible assets

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IRA & 401K FAQ’s

Whether you are new to the world of investing or an experienced investor interested in learning more about self-directed IRAs, precious metal IRAs, gold, silver, and 401k to IRA rollover, you will find all your valuable retirement account information here.

What is an IRA?

Retirement---IRA

An Individual Retirement Account (IRA) is a retirement savings plan which provides some tax advantages to the individual, like tax-deferred or tax-free growth of any earnings. Because there are a number of different types of IRAs, the age for withdrawal, contribution limits and other important factors vary by type. IRAs can be used as a supplement to a 401(k) account or as an integral part of an investment portfolio.

What are the benefits of investing in precious metals?

Retirement---Gold

Expert investors have for years recommended to clients to diversify their portfolio. Oftentimes, this investment advice entailed investing around 20% of one’s assets into tangible items, such as bullion coins, platinum bullion, silver, gold, and other precious metals. Given the volatile market and economy of today, tangible precious metals are a very sound strategy for diversifying one’s investment portfolio.

Can a person have more than one IRA?

Retirement---IRA

While there is no limit on the number of IRAs you can have, there is a maximum deferred annual contribution of $4,000. This is a total per individual, whether you contribute to one IRA or several.

What is a Self-Directed IRA?

Retirement---Silver

A self-directed IRA is exactly like any other IRA, with one major difference. You choose where your IRA funds will be invested, rather than just accepting whatever the IRA Trustee or Custodian decides. This gives you greater flexibility, because you can choose precious metals, stocks, bonds, CDs, mutual funds, government obligations, and other investments.

What is a traditional or Roth IRA?

Retirement---IRA

Your tax or financial advisor can help you determine what type of IRA would best benefit you. Here is a basic overview of the traditional IRA versus the Roth IRA. Basically, anyone who has earned income can contribute to an IRA each year. The maximum contribution amount will increase from $3,000 to $5,000 by 2010, with another $500 to $1,000 allowed for those 50 and over.

Depending on your income, marital status, and participation in employer plans, your contribution to a traditional IRA may be deductible. A traditional IRA helps reduce your yearly tax liability, as what you contribute to an IRA each year is deducted from your total income, so you are not taxed on it. You can contribute up to $5,000 each year (total for all IRAs, even if you have multiple accounts). However, if you choose to withdraw your money before age of 59 ½, you will have to pay taxes and penalties. The only exception to this is if you are withdrawing the money for purchasing a house or to cover approved higher education costs – taking your money out for these reasons will allow the penalty to be waived, although you will still pay tax on the amount.

With a Roth IRA, you don’t get a tax deduction on contributions, but at retirement, qualified distributions from the account are completely tax free. You are not required to begin taking withdrawals from Roth IRAs after age 70-½. Not everyone qualifies for a Roth IRA – you must have earned a modified adjusted gross income of no more than $116,000 for a single taxpayer or no more than $159,000 for a married couple filing jointly.

Can I transfer or rollover my existing IRA?

Retirement---IRA

Money in an existing IRA can be moved to a precious metals IRA by transfer or rollover, which does not necessitate reporting to the IRS. You can transfer funds as often as you like, without restrictions. You simply open an IRA and authorize the transfer. Your new IRA custodian will contact the previous institution and take care of getting the funds moved. IRA rollovers require reporting to the IRS and there are time limits and other restrictions. You should always seek competent tax advice before taking a distribution for rollover.

How liquid is the precious metal market?

Retirement---Silver

The precious metal markets are extremely liquid. With overwhelming investor and industrial demand, you can buy or sell immediately.

How can an investment in precious metals be made through an IRA?

Retirement---Silver

An investor with a self-directed IRA may direct that some of the funds in the IRA be invested in precious metals. IRA investments may include any gold, silver and platinum coins and gold, silver, platinum, and palladium bullion, which meet the refinement requirements of bullion traded through commodities contracts.

Is there an expiration date on my investment?

Retirement---Gold

No. Unlike options, you own a tangible asset that can be held onto forever, even passed on from generation to generation.

Are precious metals a good hedge against inflation or deflation?

Retirement---Silver

Both. History shows regardless of inflation and deflation, precious metals will outperform paper assets in times of economic crisis and uncertainty.

Where is my bullion held?

Retirement---Gold

Your bullion is held in an independent depository – you receive your personal account and password with online access and instant selling ability.

Do I get charged each time I trade in and out of the market to take profits?

Retirement---Silver

No fees applied. The only cost is on the purchase of bullion, there is a small spread to buy any metal, no spread charge on a sale.

What are three good reasons to invest in precious metals?

Retirement---Gold

1. Precious metals have offered investors a consistent hedge against declining U.S. dollar value.

2. Precious metals have offered investors a safe bet in times of political, economic, and societal volatility.

3. Precious metals should intrigue investors due to a large profit potential and unmatched price appreciation.

From Our Founder & Chief Strategist

Congratulations on taking the first step onto a path that leads to happiness and abundance for your children’s children. We specialize in helping investors diversify a portion of their retirement portfolio into hard assets such as gold, silver, platinum, and palladium with advanced investment strategies designed to maximize your returns.

We look forward to placing you back in charge of your wealth in order to lead a life with meaning and purpose.

Terry Sacka, AAMS

Accredited Asset Management Specialist, Wealth Strategist

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The specialists at Cornerstone Asset Metals are standing by now to ascertain your retirement objectives and guide you through your journey.