Individual
Retirement Accounts
Many Encore Gold clients
have chosen to include precious metals as part of
their retirement planning.* If you wish to include
precious metals within your Individual Retirement
Account (IRA), Encore Gold can assist you.Once you
have made the decision to include precious metals
in your IRA, Encore can help with the selection of
an appropriate third-party custodian for you. We
will also assist you in properly completing the required
paperwork.After the IRA custodian receives the proper
paperwork and funds, you decide which precious metals
to include in your IRA. Encore Gold is available
to help you throughout the process.
When you are ready to
take distributions from your IRA, Encore Gold can
assist you in converting your precious metals to
cash or in taking delivery of the coins you own.
This choice allows you to take advantage of suitable
market conditions before you decide to sell.
Coins that can be Held
in an IRA
The United States
government currently allows certain bullion and
proof coins such as gold and silver American Eagles
to be held in IRAs. * Proof coins are special collector
versions of the mass produced bullion coins. Proof
coins undergo a specialized minting process that
utilizes select dies. Lustrous coin blanks are
fed manually into the presses where they are struck
multiple times to ensure softly frosted, detailed
coin images raised above a mirror-like background.
Mint inspectors review each coin before deeming
it a proof and place it in a protective plastic
case. Proof American Eagles come in satin-lined
velvet presentation cases with official U.S. Mint
Certificates of Authenticity. Proof coins typically
have a limited mintage and their prices are determined
by multiple factors, including: mintage, rarity,
condition, age, the price of the particular metal,
and demand. The United States government issues
a limited number of proof coins each year and certain
years have been known to sell out quickly. Due
to their numismatic significance, proof coins typically
carry a premium over their metal content, or bullion
value. Their values, which do move up and down
in markets, may not be as volatile as their bullion
counterparts.Bullion coins can be thought of as
common coins. Their values are dependent upon and
tied closely to the spot price of gold, silver,
or platinum. Bullion is also available in sizes
ranging from 1/10th ounce to 1000
ounce bars.
If
you are considering including precious metals in
your IRA, call Encore Gold today at 1- 877-563-8736
or email us. Our Account Executives are available
throughout the business day to assist you.
* Federal IRA tax laws
are complex and may change from year to year. As
with any investment, you should consult your tax
advisor before making a decision regarding IRA investments.
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