Reported 11 days ago
Investing in a gold IRA offers a way to save for retirement using gold, which has surpassed record prices. However, setting up a gold IRA involves navigating strict regulations, higher fees compared to traditional IRAs, and unique tax implications, as gold is taxed as a collectible. While retaining some similarities with regular IRAs, gold IRAs require careful planning, including mandatory distributions starting at age 73. For those seeking gold exposure without the hassle, gold ETFs may present a more accessible alternative.
Source: YAHOO