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I.R.A.'s
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Individual Retirement Arrangements (IRAs)
An individual retirement arrangement, or IRA, is a personal savings plan which allows you to set aside money for retirement, while offering you tax advantages. You may be able to deduct some or all of your contributions to your IRA. Amounts in your IRA, including earnings, generally are not taxed until distributed to you. IRA's cannot be owned jointly. However, any amounts remaining in your IRA upon your death can be paid to your beneficiary or beneficiaries.
To contribute to a traditional IRA, you must be under age 70 1/2 at the end of the tax year and you, or your spouse if you file a joint return, must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. In addition, taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.
Compensation does not include earnings and profits from property, such as rental income, interest and dividend income or any amount received as pension or annuity income, or as deferred compensation.
Please refer to Publication 590 for information on the amounts you will be eligible to contribute to your IRA account.
For Precious Metals I.R.A's, there are only a few options available to investors within the United States today. We recommend a Self-Directed Individual Retirement Account (IRA) at American Church Trust Company (ACT). As your IRA custodian, ACT is only concerned with making the investments you direct, protecting your assets while they are in the IRA, and performing all the duties of an IRA custodian. ACT does not offer or sell any investments, nor are they affiliated with any precious metals dealer.
Contact ACT by going to this link: http://www.churchtrust.com/iraservices/Metals/referral.html
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