I was reading through some blogs recently and found a post titled “How to Make Money Online.” The author mentioned Regal Assets as the top internet company to invest in gold.
I had never heard of Regal Assets before, but after reading the article, I decided to check them out.
After doing my due diligence, I discovered that Regal Assets is the #1 internet company to invest in precious metals.
But here's the catch.
They're only offering two types of accounts:
Traditional IRA Account
Self-Directed IRA Account
If you're interested in investing in gold, you want to consider opening a self-directed IRA account. Why? Because it allows you to invest in gold without paying any taxes.
For example, if you open a traditional IRA account, you'll have to pay income tax on any gains. But if you open a self-directed IRA account, you won't have to pay taxes on any gains you make until you withdraw the funds at retirement.
In contrast, you may owe taxes on those earnings when you take money from a regular taxable brokerage or bank account.
The IRS also imposes special rules for IRAs used as part-time jobs. For example, you can only deduct contributions made more than $5,000 per year ($6,500 if married and filing jointly). And withdrawals from your IRA must be reported on Form 10.
In conclusion, the IRS has a lot of rules to keep track of when it comes to IRAs. If you don't know what you're doing, you could end up with an audit.
So if you plan on investing in gold, I recommend opening a self-directed account. You'll avoid all these headaches and still get the benefits of owning physical gold.
Here is a link to help you decide which type of account to open:
RegalAssets.com – Self-Directed vs. Traditional IRA Accounts