Penalty-free Asset Transfer Provision
Current retirement assets can be transferred directly into precious metals without having to pay either a tax or an early withdrawal penalty. This can be done via any type of retirement account you currently hold, quickly and painlessly.
Offset Exit Costs on Distributions
For tax purposes, all metals are assessed at melt value when you take a distribution. Melt value is the spot price of the actual precious metal content of a given piece. Silver prices change daily, so if you are selling at today’s price, you are actually only being taxed on the melt value. The melt value measured per ounce is often lower than the current price of the precious metal holding upon exit. Custodial specialists think this can significantly reduce transaction exit costs.
Storage and Privacy
A precious metals IRA allows you to receive your holdings at home and store them close by, in an IRS-approved facility of your choice, such as a bank safety deposit box. That way, in an emergency, the metals are always close at hand.
A Tax-deferred Status
IRA-held precious metals receive tax-deferred status, meaning that they appreciate in value without incurring an immediate tax liability. The investment stays private and, in that way, the IRS is also not aware of the holding via a self-directed IRA account.
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