If you are already saving for retirement, you may qualify for a “Gold-Backed” IRA!

The IRS has allowed individuals to hold precious metals in their IRA’s since 1986.  Tangible Gold and other precious metals have always offered a hedge against inflation and an uncertain stock market.

THER ARE THREE COMMONLY USED TYPES OF RETIREMENT PLANS THAT MAY QUALIFY:

TRADITIONAL IRA

What is a Traditional IRA?
An individual retirement account (IRA) that allows individuals to direct pretax income, up to specific annual limits, toward investments that can grow tax-deferred (no capital gains or dividend income is taxed).  Individual taxpayers are allowed to contribute 100% of compensation up to a specified maximum dollar amount to their Traditional IRA.  Contributions to the Traditional IRA may be tax-deductible depending on the taxpayer’s income, tax-filing status and other factors.
ROTH IRA

What is a Roth IRA?
An individual retirement plan that bears many similarities to the Traditional IRA, but contributions are not tax deductible and qualified distributions are tax free.  Similar to other retirement plan accounts, non-qualified distributions from Roth IRA may be subject to a penalty upon withdrawal.

401(k) AND OTHER EMPLOYMENT-SPONSORED PLANS

What is a 401(k) plan?
A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a pot-tax and/or pretax basis.  Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan.  Earnings accrue on a tax-deferred basis.
(Please ask your agent if your 401(k) qualifies for conversion)