A Gold IRA is a type of individual retirement account that allows investors to hold physical gold or other precious metals as part of their retirement savings, offering portfolio diversification and protection against inflation.
Roth IRA contributions are taxed upfront but grow tax-free. Traditional IRA contributions are tax-deductible but taxed upon withdrawal.
To be Gold IRA eligible, the gold must meet IRS fineness standards. It also requires an IRS-approved custodian.
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.