#1 Gold IRA Podcast With Jeffrey Tan: The #1 BEST And MOST COMPREHENSIVE Gold IRA Information Source [goldirapodcast.net]

Jeffrey: 00:01

Welcome to the pay much less taxes legally and protect your money with a gold IRA podcast, where I cover the world of gold, gold raise money, and investing in a concise and enlightening matter. This is episode one and the topic of this episode is what is a gold IRA and how can it help me reduce my taxes and protect my money. So just to quickly introduce myself, my name is Jeffrey Tan. I have been an expert in, I've been an expert independent gold researcher for over twenty years. And so this podcast is focused on sharing ideas regarding how to use a gold IRA to pay less taxes legally and protect wealth.

Jeffrey: 00:35

Of course nothing I say here is financial investment or tax advice. I'm only sharing information that I have learned over more than twenty years as as an expert independent gold researcher. And if you want financial investment or tax advice, please consult a financial investment or tax advisor. For me, I'm only sharing information that I've learned and any decision you wish to make or not make is completely your own responsibility and it's completely up to you. Okay.

Jeffrey: 01:00

So just to get started, I would recommend that first you get a completely free gold IRA guide that is written by the best and most trusted gold IRA company. And this is the best company that I found after over twenty years of independent research. And so this free gold area guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. And so this is the best guide I have seen in my lifetime and this is the best guide available anywhere in my opinion. And so also when you get this free gold IRA guide, basically you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone, and they will answer any questions you may have.

Jeffrey: 01:41

So to get this free gold to get this free gold IRA guide, simply just go to bit.ly/thebestgoldguide. So to spell that out, to spell that address out, that address is bit.ly/thebestg0ldguide. So all the characters in this address are lowercase and there's no spaces anywhere, so again that web address to go to to get that, free gold a gold IRA guide is bit.ly/thebestgoldguide, and to spell that address out again, that address is bit.ly/thebestg0ldguide, so bit.ly/thebestgoldguide, b I t L y / the best gold guide, and again all of the characters are lowercase and there are no spaces anywhere. Okay so first, let's define exactly what a gold IRA is. So a gold IRA, which is also known as a precious metals IRA, is a self directed individual retirement account or IRA that allows you to hold physical gold, silver, platinum, and palladium within a retirement account, rather than traditional assets like stocks bonds or mutual funds.

Jeffrey: 03:01

So it's basically an IRA that is backed by precious metals such as gold. So let's break down, how it could potentially help you with taxes and protect your money. So first of all it's important to note, and just to clarify upfront that a gold IRA itself does not directly reduce your taxes in a way a tax deduction does. And so instead a gold IRA leverages the tax advantages inherent to gold to, it leverages the tax advantage inherent to regular IRAs while allowing you to invest in gold. So you can have either a traditional gold IRA or a Roth gold IRA, each with different tax benefits.

Jeffrey: 03:38

And so again the gold IRA will leverage the tax advantages that are that are automatically inherent to IRAs themselves and and a special part of a gold IRAs it will allow you to invest in gold in this matter. And again you can have either a traditional gold IRA or a Roth IRA and each of those have different tax benefits. So first off, for a traditional gold IRA, just like with a regular traditional IRA, contributions to a traditional gold IRA may be tax deductible in the year that you make them. And so this can lower your taxable income in the present. And so your gold and any potential gains from its appreciation grows tax deferred within the IRA.

Jeffrey: 04:16

And so basically you won't pay taxes on this growth until you take distributions in in retirement. And so what this does is allows your investments to compound faster over time, when you take distributions in retirement they are taxed as ordinary income. Now moving on to a Rothgold IRA. So for a Rothgold IRA contributions to a Rothgold IRA are made with after tax dollars, and so you don't get an upfront tax deduction because, contributions that you make to it are made with after tax dollars. However, like a regular Roth IRA, for a Roth gold IRA, your gold grows tax free within the Roth gold IRA.

Jeffrey: 04:54

So just to say that again, for a Roth gold IRA, the contributions you make to a Roth gold IRA are made with after tax dollars. And so you don't get that upfront tax deduction, but like a regular Roth IRA, your gold in a in a Roth gold IRA will grow tax free within that Roth gold IRA over time. And so also, qualified withdrawals, in retirement, will will be tax free. And so when you make a qualified withdrawal in retirement, that will that will be tax free basically, just to just to explain that clearly. And so just to clarify, what is a qualified withdrawal within a Roth within a Roth gold IRA?

Jeffrey: 05:39

So these qualified withdrawals are the withdrawals that are tax free just to just emphasize that point, and so a qualified withdrawal which is tax free within a Roth gold IRA is typically a withdrawal that you'll make after the age of 59 and after the account has been open for at least five years. So again qualified withdrawal within a Roth gold IRA will typically occur after the age of 59 and after the account has been open for at least five years. And these qualified withdrawals are completely tax free and this can be a very significant advantage if you anticipate being in a higher tax bracket in retirement. Okay so to summarize again, the tax benefit from a gold IRA comes from utilizing the IRA structure where you get tax deductible contributions in a traditional IRA or where you get tax fee withdrawals in a Roth IRA or a Roth gold IRA if you go down the gold IRA path. And basically if you get either a gold IRA, a traditional gold IRA, or you get a Roth gold IRA, the special part about that is that you get to invest in gold instead of the traditional assets like stocks and bonds.

Jeffrey: 06:53

So so so basically, if you got a gold IRA or a gold Roth IRA or Roth gold IRA, the main difference is that, it's similar to regular IRA or regular Roth IRA, but except but except that for a gold IRA or or a Roth gold IRA, you're investing in gold within those vehicles, and that allows you to get get the same tax advantages that you would get with the traditional IRA structure. So basically you're just adding you're just you're just substituting gold instead of investing in the traditional assets like stocks and stocks and bonds or anything else. And so basically, you're using that IRA vehicle to your tax advantage while diversifying with gold. And so now, how can a gold IRA help protect your money? And so, the primary reason some people might consider gold IRA is for protection in terms of protecting their money is due to gold's historical role as a safe haven asset and as a hedge against economic uncertainty and inflation.

Jeffrey: 07:56

So for example, gold typically has a low or sometimes negative correlation with stocks and bonds and so this means that when stocks and bonds are performing poorly, like during a market downturn for example, gold might perform well or at least it usually holds its value and so including gold in your portfolio can reduce overall portfolio volatility and potentially improve risk adjusted returns. And also historically, gold has been seen as a store value that can hold its purchasing power during periods of inflation, And so when the value of fiat currencies like the US dollar erodes due to inflation, the price of gold often rises. So this can help preserve your wealth in real terms during inflationary periods. Also gold can provide protection against economic uncertainty and market volatility. So basically, for example, during times of geopolitical instability, economic recessions, or market crashes, very oftentimes investors often flock to gold as a safe haven.

Jeffrey: 08:55

And so this increased demand can drive up the price of gold potentially protecting your investment when other assets are declining. Also unlike stocks or bonds which are paper assets, gold is a tangible physical asset and so many investors find comfort in owning something physical, especially during times of financial instability or concerns about the stability of the financials of financial institutions. And so investors who wanna diversify their term portfolio beyond stocks and bonds or who are concerned about inflation, currency devaluation or economic instability or who are long term investors are usually the type of investors who are most interested in pursuing gold IRA. Now of course gold is not a get rich quick scheme. Repeat that again, gold is not a get rich quick scheme.

Jeffrey: 09:39

Gold prices can be subject to market fluctuations just like any other investment. So just like with any other investment, you cannot predict exactly what gold prices will do. It's it's still has, of course some unpredictability, you don't know what the what gold prices will do next year or through any time in the future, so basically if you do invest in it, right, it's always always take responsibility for that decision and then do your own research. Okay so to summarize a gold IRA can be a tool to gain tax advantages through the IRA structure and protect your money by diversifying your portfolio with gold. So gold can act as a hedge against inflation economic uncertainty and market volatility.

Jeffrey: 10:19

So again nothing I say here is financial investment or tax advice. I'm only sharing information that I have learned over more than twenty years as an expert independent gold researcher. So if you want financial investment or tax advice please consult a financial investment or tax advisor. I'm only sharing information with you, that I've learned, and any decision that you wish to make or not make is your own responsibility, and that decision that you make is completely up to you. Okay.

Jeffrey: 10:47

So also, please remember again to get that completely free gold IRA guide that's written by the best and most trusted gold area company that I found after over twenty years of independent research. And so basically again this free gold area guide this free gold IRA guide will explain everything you need to know and will also answer any questions you may have about gold IRAs. And so this is the best guide I've seen in my lifetime and this is the best guide available anywhere in my opinion. So also when you get this free gold IRA guide, you will get free access to the top gold IRA experts who will provide you with personalized support and help over the phone, and they will answer any questions you have. So to get this free gold IRA guide, just go to bit.ly/thebestgoldguide.

Jeffrey: 11:30

So spell that spell that address out, now that address is bit.ly/thebestg0ldguide, so all of the characters are lowercase and there are no spaces anywhere so again go to bit.ly/thebestgoldguide to get this critical free gold IRA guide right now so to spell that address out again that address is bit.ly/thebestg0ldguide. So again that address is bit.ly/thebestgoldguide. So again all the characters are lowercase and there are no spaces anywhere. Okay? So thanks for listening, tune into this podcast regularly for new episodes that reveal how to pay much less taxes legally and protect your money with a gold IRA, and in this and and in all my podcast episodes I will cover the world of gold, gold IRAs, money, and investing in a concise and enlightening manner.

Jeffrey: 12:34

So in all these podcast episodes that I'll be making in the future, I'll I'll cover the world of gold, gold IRAs, money and investing in a concise and enlightening manner. So have a wonderful day now. I wish you all the best.