WHAT PRECIOUS METALS ARE ALLOWED In An IRA?It is possible to be able to put different precious metals into your IRA account, as detailed in the table below, but you can’t put any type of precious metal into your account. When purchasing please check with your provider before purchase (preferably in writing) that the metal provided IS eligible for your account. There are strict guidelines as laid out by the Inland Revenue Service as to what precious metals can be used in an IRA and the purity level required for each metal. Below we have listed out for you what precious metals can be used, the purity level required for investment in an IRA, and therefore, what bullion and coins meet the required standard for investment.
You can, of course, buy collectible coins as a separate investment, hold on to them and sell them in the future when hopefully their value has increased, but you cannot under any circumstances add them to your IRA. PRECIOUS METALS NOT ALLOWED IN AN IRABelow we have listed the different bullion and coins that although popular are not eligible for your retirement account. If purchasing these coins, make sure you are doing so simply from a collectible view.
IMPORTANT NOTE – This list is not exhaustive and therefore, when buying coins for your retirement account, only buy those listed at the top of this page in the section on coins that can be used. The post IRA Approved appeared first on Precious Metals Investment Guide. Original source here: IRA Approved
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