The Importance of Understanding Gold
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With a traditional gold IRA, you make pre-tax contributions. This means you put money into the IRA before paying taxes on it. You’ll pay taxes when you withdraw money from your IRA. This type of IRA is best for people who think they’ll be in the same or a lower tax bracket once they hit retirement age.
You can withdraw funds penalty-free once you reach age 59½. When you take a withdrawal, you’ll be taxed at your current income tax rate.
Description
With a traditional gold IRA, you make pre-tax contributions. This means you put money into the IRA before paying taxes on it. You’ll pay taxes when you withdraw money from your IRA. This type of IRA is best for people who think they’ll be in the same or a lower tax bracket once they hit retirement age.
You can withdraw funds penalty-free once you reach age 59½. When you take a withdrawal, you’ll be taxed at your current income tax rate.
Additional information
| Weight | 0.2 kg |
|---|---|
| Dimensions | 30 × 10 × 15 cm |
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