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In this segment, John Bowens discusses the three most commons myths investors assume about investing in precious metals with a self-directed IRA.
The common myths include:
1. There will be tax penalties for investing in physical metals with a self-directed IRA, Roth IRA, or solo 401(k).
2. I can only rollover and transfer funds to a self-directed account one time a year.
3. I can hold the physical metals in a safety deposit box in my name or at my own physical residence/business address.
Watch how these myths are debunked and how investors can potentially benefit from investing in precious metals such as gold and silver with a self-directed account.
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment or financial decision, please consult with your tax attorney or financial professional.
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