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If interested,heres how you’ve got the option to buy goldthrough a tax-advantaged IRA.
Butler added, Find a reputable custodian that specializes inprecious metals IRAs.
They will handle the storage and tracking of your physical gold.
This gold IRA works like a traditional IRA retirement account with the same contribution limits and distribution rules.
The key difference with this account is that you could hold physical assets.
Youll also want to review the costs involved, as broker fees and commissions vary.
To begin this process, you should inform the administrator of your current retirement plan of the amount.
Purchase Approved Gold
The next step is to select IRS-approved gold coins or bullion.
Butler pointed out that the IRS hasspecific purity and weight requirementsfor precious metals held in IRAs.
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