What is a Silver IRA?
What are you doing to save for retirement? It seems that many Americans are struggling to build their nest egg. However, there is a simple saving solution – opening a silver IRA. Silver is a monetary metal and when included in a retirement savings portfolio, will contribute immensely to your wealth. A long-term strategy for securing a financial safety net, a silver IRA can protect against the inevitable market downturns. Launching an account or rolling over your existing 401(k) into a silver IRA will enable you to maximize profits. Our experts are ready to help secure your financial future today. Just give us a call.
Looking to put gold into your IRA? Check out our Gold IRA page for more information
The Silver IRA Rules
Every individual retirement account has a particular set of rules, and a silver IRA is no exception. Nevertheless, the rules are pretty much the same as they are for a conventional IRA. The only real difference is the type of investment held inside the IRA. Standards set by the IRS are somewhat strict and must be adhered to if you are to invest legally. Once an application has been filled out, a custodian must be selected to manage and oversee the account. A depository will be chosen for the storage of the silver assets, of which must be on the list of pre-approved products. To avoid potential problems, read the latest IRS Publication 590 information.
Examples of accepted silver coins include:
It is definitely worth exploring your options in regards to silver bar investments, too. Look for bars that are high in purity and are branded by the best. Our most popular choices include: