Since the passing of the Tax Payer Relief Act of 1997, investors can now include gold and other precious metals as part of their retirement savings. At first only the gold and silver American Eagle coins were allowed as IRA investments. Since 1998 over 190 different products are available. Gold, silver, platinum and Palladium products from around the world have become eligible, including the platinum American Eagle, all Canadian Maple Leaf coins, the Austrian Gold Philharmonic coins, Australian Kookaburra coins, Mexican Libertad coins and also Johnson-Matthey & Credit-Swiss bars.
At Eastern Numismatics we can work with you to help turn your IRA savings into precious metals. Call today and speak with one of our qualified ENI consultant who can answer your questions and help you select the precious metals you would like to include in your IRA portfolio.
The volatility of the stock market should be enough to convince investors of the importance in diversifying their investments. Placing 1/3 of their retirement assets in precious metals is no longer unconventional. Clients who understand the choices available today have been quietly accumulating gold and other precious metals in order to preserve their retirement wealth.
Tax Deferred Growth
The most important benefit offered by an IRA account is that it allows your investments to grow on a tax-deferred basis, or tax-free if you qualify and invest through a Roth IRA. By utilizing the tax advantages of a precious metals IRA, your investment is capable of significant growth beyond that of investments without this special tax status.
Precious Metal IRA Retirement Plans
There are a handful of financial institutions that are set up to handle precious metal storage for IRA accounts and authorized by the US Treasury. Fortunately Eastern Numismatics works with most of these authorized custodians who specialize in precious metal storage. The following companies are Govt. approved for physical IRA metals:
Gold Star Trust Company Gold Star Trust Company is one of the nation’s leading custodians for precious metals IRAs. With over twenty years of experience, Gold Star Trust makes the account opening process easy and offers unbeatable customer service. Metals that can be held in an IRA Acct. include gold, silver, platinum, and palladium and must meet minimum fineness requirements. Gold Star Trust Company does not provide tax or investment advice since they are a Self-Directed IRA custodian. Gold Star recommends customers be educated and perform their own research before deciding to invest.
New Direction IRA, Inc.New Direction IRA is a trusted provider of investor education and recordkeeping services for retirement accounts. They have enabled individual investors to take better control of their tax advantaged retirement funds using alternative asset opportunities that are suited to each investor’s retirement goals and investment style. Investors, advisors and asset providers choose New Direction provides investors with a depth of experience in retirement asset acquisition (opportunities), specialized education and a track record of reliable transaction funding with their thorough asset documentation.
How to open a New IRA Account
Step 1: Open your account. You can use the link provided on our website (www.uscoins.com) and follow the simple steps or go directly to the website of one of our custodian partners, Gold Star Trust
Company (www.goldstartrust.com) or New Direction (www.newdirectionira.com), and complete the application process. You may open an IRA for the previous tax year up until April 15 of the following year. Should you prefer we will mail the application forms to your home or office for you to complete. On the forms please enter Eastern Numismatics, Inc. as your Dealer. You will be notified once your account is established at either of our custodian partners.
Step 2: Fund your Precious Metal IRA account. The most convenient way to fund your new account is to transfer cash from an existing IRA account to your new Precious Metal IRA. For example, if you already have funds sitting in your Fidelity IRA, simply contact Fidelity and request that they transfer the cash to your new IRA account. You will need to provide Fidelity the new account number and bank routing number provided to you by either Gold Star Trust or New Direction. Once the funds are deposited into your precious Metals IRA Account you will be contacted by an ENI Representative who can assist you in acquiring Gold, Silver, Platinum or Palladium for your account. An Itemized confirmation of your transaction will be emailed to you.
Step 3: Shipment of your product. When setting up your account, you will be asked to select a depository, such as Diamond State Depository, located in Northern Delaware. All orders will be shipped by ENI to your depository. Diamond State utilizes state-of-the-art equipment with URL rated, multi-redundant security systems monitored in real-time 24/7 by security specialists. Note also that while stored at Diamond State, all customer assets are held “in custody”- that is they are stored in your IRA specific account and are not on Diamond States’ balance sheet. Your IRA account cannot be attached by or become subject to any claim by creditors against Diamond State, should such a situation arise. For information about storage fees please contact Diamond State Depository Client Services at 888-322-6150 or visit their website, www.diamondstatedepository.com
For information please
speak with your ENI representative or please contact
Michael Alster x2130 or Jonathan Parrella x2120