The Ira Epstein Gold Report is a popular source of information for those who are interested in the world of gold investment. It features detailed information on gold prices, gold bullion, and gold mining companies. The report comes with a disclaimer about its accuracy, and it also cites various sources. However, you should make sure to check out the sources and the quality of the information before you decide to buy the report.
Disclaimer of ira epstein gold report
The Ira Epstein Gold Report Disclaimer states that the Ira Epstein Gold Report is not a guaranteed profit or loss-limitation strategy. The Ira Epstein Division of Linn & Associates, LLC does not guarantee profits or losses, and past performance is not indicative of future results.
Sources of ira epstein's gold report
In addition to providing daily updates on the markets for gold and other precious metals, Ira Epstein also focuses on current geopolitical events and economic issues. The reports teach investors the technical and fundamental aspects of these markets. They are particularly helpful to beginners who are just getting into the industry.
Quality of ira epstein's gold report
Ira Epstein's gold report has been criticized by some gold specialists, including Mike Daly, who says it's “far too optimistic.” Epstein, director of the Ira Epstein division of the Linn Group, believes that the price of gold will continue its downward trend unless there's a compelling bull story. He also stresses the importance of timing. In his report, he says gold could hit $1,800 this year.
Reuters contacted Epstein for comment, but he did not respond to the questions. In response, his lawyer said that his philanthropic efforts are well known and include contributions to medical and scientific progress, as well as providing educational tools for children. Epstein's foundation has also been the recipient of millions of dollars from the Leon Black Family Foundation. The foundation was founded by Black's father, whose investment firm was the subject of Epstein's gold report.
Frequently Asked Questions
Can the government take your gold
Your gold is yours, so the government cannot confiscate it. It is yours because you worked hard for it. It belongs entirely to you. This rule may not apply to all cases. You could lose your gold if convicted of fraud against a federal government agency. Also, if you owe taxes to the IRS, you can lose your precious metals. However, even if taxes are not paid, gold is still your property.
How much money should I put into my Roth IRA?
Roth IRAs allow you to deposit your money tax-free. These accounts cannot be withdrawn until you turn 59 1/2. However, if you do decide to take out some of your contributions before then, there are specific rules you must follow. You cannot touch your principal (the amount you originally deposited). This means that you can't take out more money than you originally contributed. If you decide to withdraw more money than what you contributed initially, you will need to pay taxes.
The second rule states that income taxes must be paid before you can withdraw earnings. Also, taxes will be due on any earnings you take. Let's take, for example, $5,000 in annual Roth IRA contributions. Let's say you earn $10,000 each year after contributing. This would mean that you would have to pay $3,500 in federal income tax. So you would only have $6,500 left. Because you can only withdraw what you have initially contributed, this is all you can take out.
If you took $4,000 from your earnings, you would still owe taxes for the $1,500 remaining. In addition, 50% of your earnings will be subject to tax again (half of 40%). Even though you had $7,000 in your Roth IRA account, you only received $4,000.
There are two types: Roth IRAs that are traditional and Roth. A traditional IRA allows for you to deduct pretax contributions of your taxable income. Your traditional IRA can be used to withdraw your balance and interest when you are retired. There is no limit on how much you can withdraw from a traditional IRA.
Roth IRAs do not allow you to deduct your contributions. You can withdraw your entire contribution, plus accrued interests, after you retire. There is no minimum withdrawal requirement, unlike traditional IRAs. You don’t have to wait for your turn 70 1/2 years before you can withdraw your contributions.
What Precious Metals Can You Invest in for Retirement?
The best precious metal investments are gold and silver. They are both easy to trade and have been around for years. You should add them to your portfolio if you are looking to diversify.
Gold: Gold is one of man's oldest forms of currency. It is stable and very secure. This makes it a good option to preserve wealth in uncertain times.
Silver: The popularity of silver has always been a concern for investors. This is a great choice for people who want to avoid volatility. Silver tends instead to go up than down, which is unlike gold.
Platinum: A new form of precious metal, platinum is growing in popularity. It's resistant to corrosion and durable, similar to gold and silver. It is, however, more expensive than its competitors.
Rhodium: The catalytic converters use Rhodium. It is also used for jewelry making. And, it's relatively cheap compared to other types of precious metals.
Palladium: Palladium, which is a form of platinum, is less common than platinum. It's also more accessible. It is a preferred choice among investors who are looking to add precious materials to their portfolios.
Statistics
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
External Links
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear in 1990 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's Not Exactly Lawful – WSJ
cftc.gov
investopedia.com
law.cornell.edu
- 7 U.S. Code SS7 – Designation boards of trade as contract market authorities
- 26 U.S. Code SS 408 – Individual retirement accounts
How To
A growing trend: Gold IRAs
As investors seek to diversify their portfolios while protecting themselves from inflation, the trend towards gold IRAs is on the rise.
Owners of the gold IRA can use it to invest in physical bars and bullion gold. It is a tax-free investment that can be used to grow wealth and offers an alternative investment option to those who are concerned about stocks or bonds.
An investor can use a gold IRA to manage their assets and not worry about market volatility. They can use the gold IRA to protect themselves against inflation and other potential problems.
Physical gold is also a great investment option, as it has unique properties like durability, portability, divisibility, and portability.
The gold IRA also offers many other benefits, such as the ability to quickly transfer the ownership of the gold to heirs, and the fact the IRS doesn't consider gold a currency.
This means that investors who are looking for financial safety and security are becoming more interested in the gold IRA.
