Gold IRA Rollover: Decisions, Rules, and Strategy

The stability of the more traditional retirement funding instruments has, as of late, come under some scrutiny regard their stability and long-term viability. Having a retirement portfolio that leans heavily towards bonds, stocks, and other mutual fund investments, relying mainly on the strength and bargaining power of the US dollar, it may be time to diversify your investments a little. Have you ever considered a shift to gold bullion or coins as an added portfolio protection measure against inflation, the current economic degradation, and future economic uncertainties? Perhaps now is that time?

Of course, the simple transfer of funds from an IRA to a Gold IRA is an option, rollover is a safer, and more tax-advantageous strategy when it comes to shifting around your retirement funding. Let’s take a closer look at some of the steps and decisions involved in a Gold IRA rollover.

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Gold IRA Rollover: Decisions, Rules, and Strategy

Rollover and Transfer Rules and Differences

The most important point to note here is how the Internal Revenue Services (IRS) make the distinction between a rollover and a transfer, and the possible effects that it may have on you and your decision.

Rollover: In a rollover, the money being moved or shifted, is first paid out to you, and is only then deposited into another account.

Funds Transfer: During a funds transfer, the original custodian of the IRA transfers the money directly to your newly appointed IRA custodian, without you ever actually seeing the money.

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Rules for Gold IRA Rollover

In a Gold IRA Rollover, the funds received by the investor must be deposited into the new custodian or Gold IRA Company within 60 days of being received. If this is not done within the specified time frame, a 10% early withdrawal penalty is enforced on the money, and is seen as a taxable withdrawal, and only if the person withdrawing the funds is younger than 59 1/2 years old. A Gold IRA Rollover is limited to one per year (12 month period).

Rules for Gold IRA Transfer

With a direct custodian-to-custodian IRA transfer, there is no 60-day transfer window rule since the money is never received, merely transferred. Transfers are usually made directly between the respective IRA custodians, with the original custodian issuing a check to accomplish the transfer, and sending it out via mail.

Check Your Employers 401K

401k’s come with slightly different rules regarding rollover’s and transfers, and should be checked first. Some employers not allowing investments in gold as part of their 401k, so make sure that you understand your employer’s 401k plan. Knowing what these restrictions are early on is going to help you to plan better.

Gold IRA Investment Strategy Decisions

Once you decide to invest in a Gold IRA Rollover, there are a few important things that you need to understand regarding making effective strategy decisions that affect your long, and short-term planning needs. One question that you must ask yourself is: “What is my main reason for wanting to invest in gold bullion?”

Protection and Diversification

You may feel that your current portfolio leans a little bit heavily on the sides of stocks, bonds, and other mutual fund options, and if you do, think about this. An allocation of merely 5-10% of your entire portfolio into precious metals will help you to effectively protect and diversify your portfolio.

Loss of Trust in the USD

Paper currencies have of late, not been the backbone of investor confidence, and a broader allocation of one’s portfolio is a common strategy to hedge these inherent risks.

Future Profits

Following the movements of strong net worth investors has the potential to generate large profits in the foreseeable future, generating additional investor confidence and the potential for unlimited growth.

Notable Restrictions

When it comes to the purchase and investment in types of gold bullion, the IRS has put some strict rules in place to govern and control these transaction. Coins need to be minted to a minimum level of purity, 99.9% or better, and includes: the American gold and silver eagle, the Canadian Gold Maple Leaf, The Australian Philharmonic, the American gold and silver buffalo, and other similar coins, including the Credit Suisse gold bar.

3 Sweet Additions to the Apple iPhone X

The Apple iPhone X is a massive leap forward from anything that Apple has brought out since the inception of the iPhone more than 10 years ago. Armed with the more stable iOS 11.3, the Apple iPhone X is seemingly taking the iPhone in a whole new direction. Introducing new methods of locking and unlocking, with premium parts and an all-new experience, the iPhone X is worlds apart the old and tired design of yesteryear, and Apple seem to be doing right. It seem that the passion around the new iPhone X far outweighs the price obstacle of the most expensive flagship phone ever released by Apple to date.

Worldwide release of the iPhone X was November 3rd of last year, coming in at a price of $999 for the basic 64GB model, while the 256GB set Apple customers back around $1,149.

Learn more about the sweet additions to the Apple iPhone X

Screen

The Apple iPhone X’s screen is one of the hardest things to miss on this iPhone. The 5.8-inch OLED screen is leaps ahead of the iPhone 8 and 8 Plus, boasting better quality color reproduction, not to mention it fits the entire front of the phone. The newer, longer screen has been stretched upward, making the iPhone X screen taller rather than wider. The OLED screen makes everything just look better. Sharper whites and deeper blacks add to the depth of color display, adding a crispness that looks great from all angles. DisplayMate testing has dubbed the iPhone X’s OLED screen as ‘the best in the world’.

The TrueDepth camera does take a little chunk out of the top of the screen, and can be a little on the annoying side when watching movies. The iPhone X display initiates a new feature that further showcases the Apple iPhone X OLED screen capabilities, allowing it to play movies encoded in the HDR10 and Dolby Vision formats. This is a step up from the iPhone 8 and 8 Plus, with more depth and richer colors.

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Face ID

Replacing Apple’s fingerprint scanning Touch ID is the Face ID form Apple. This new biometric technology far exceeded expectations, using your eyes, mouth, and nose to unlock and access your phone. This biometric technology employed by Apple is far beyond anything that has yet to been seen in the smartphone realm. The Face ID works well in the dark and low-light environments, it does however miss your face from time to time. If the iPhone X only manages to catch part of your face it may fails to unlock. Do this enough times and you are going to need a passcode to unlock your iPhone X.

The iPhone X infrared scanner is powerful enough to penetrate sunglasses, so that should not be too much of an issue. One downside of the Face ID technology is that you have to register your face to unlock the phone, as well as make use of the Apple Pay services.

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Animoji

The Animoji system in the Apple iPhone X is lots of fun, even though it may be more of a novelty item for now. Using the TrueDepth camera on the front of the iPhone X you can turn yourself into a cat, robot, and unicorn avatar, among others. The accuracy of the facial mapping technology perfectly replicates your mood and facial expressions, and is delightfully entertaining for the kids and adults alike. Not to worry if your friends don’t yet have their iPhone X’s, you can still send the animoji’s, they just won’t be able to send them back. Apple developers have been working on creating some cool apps for kids using the iPhone X’s front-facing camera.

It seem that Apple’s gamble on the iPhone X has paid off. The alternative design, all-screen front, additional power, and awesome features have all be put into Apple’s best iPhone ever to grace the market. It seems as though the Apple iPhone X is setting the new standard for smartphone excellence, looking forward to a more technologically and aesthetically pleasing smartphone future.