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Roth IRA contributions are taxed upfront but grow tax-free. Traditional IRA contributions are tax-deductible but taxed upon withdrawal.
Yes, you can roll over your existing IRA into a Gold IRA. This process involves transferring funds from your traditional IRA to a self-directed IRA that allows investments in gold.
To be Gold IRA eligible, the gold must meet IRS fineness standards. It also requires an IRS-approved custodian.