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<p>[QUOTE="Clawcoins, post: 3230634, member: 77814"]by the time you retire IRAs are designed to assume you will be in a lower tax bracket by then, thus will pay less taxes on the capital gains which totally depend upon the tax laws in the future.</p><p><br /></p><p>Generally you may want to research the "good" and the "bad" of any type of investment before making the transaction.</p><p><br /></p><p>Here's a good article from Forbes that goes over the good and bad along with options.</p><p><a href="https://www.forbes.com/sites/nextavenue/2017/06/18/think-twice-before-opening-a-gold-or-silver-ira/#2737243076b8" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.forbes.com/sites/nextavenue/2017/06/18/think-twice-before-opening-a-gold-or-silver-ira/#2737243076b8" rel="nofollow">https://www.forbes.com/sites/nextavenue/2017/06/18/think-twice-before-opening-a-gold-or-silver-ira/#2737243076b8</a></p><p><br /></p><p>FYI</p><p><br /></p><p>here's some more info to think of</p><ul> <li>Lear has a $160 annual fee for online access, financial statements, "storage of coins" and other stuff.</li> <li>Although they also have an annual charge for "storage fees" ... contrary to the "storage of coins" which may be around $100-150.</li> <li>and of course they have commissions on transactions.</li> <li>and they do not guarantee that they will buy back any coins at time of redemption. And if they do, it will be at <u><i>their</i></u> market valuation.</li> <li>they generally can add fees up to 29%</li> </ul><p>They currently store stuff at at Brinks depository in Salt Lake City.</p><p><br /></p><p>NOTE: they may have rolled their older $100 Admin fee and $150 storage fee into the single $160 annual fee. Consult your contract.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3230634, member: 77814"]by the time you retire IRAs are designed to assume you will be in a lower tax bracket by then, thus will pay less taxes on the capital gains which totally depend upon the tax laws in the future. Generally you may want to research the "good" and the "bad" of any type of investment before making the transaction. Here's a good article from Forbes that goes over the good and bad along with options. [url]https://www.forbes.com/sites/nextavenue/2017/06/18/think-twice-before-opening-a-gold-or-silver-ira/#2737243076b8[/url] FYI here's some more info to think of [LIST] [*]Lear has a $160 annual fee for online access, financial statements, "storage of coins" and other stuff. [*]Although they also have an annual charge for "storage fees" ... contrary to the "storage of coins" which may be around $100-150. [*]and of course they have commissions on transactions. [*]and they do not guarantee that they will buy back any coins at time of redemption. And if they do, it will be at [U][I]their[/I][/U] market valuation. [*]they generally can add fees up to 29% [/LIST] They currently store stuff at at Brinks depository in Salt Lake City. NOTE: they may have rolled their older $100 Admin fee and $150 storage fee into the single $160 annual fee. Consult your contract.[/QUOTE]
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