Gold IRAs have higher maintenance fees than other types of IRAs, which is due to the additional costs associated with investing in gold. In addition to brokerage fees and account setup fees, the investor must pay additional costs to store and insure the precious metal. MARKET VOLATILITY The performance of a precious metals investment depends to a significant extent on often unpredictable external market forces, including but not limited to supply and demand, international money markets, inflation, and general economic conditions and expectations. The impact of these forces or any of them on precious metal values cannot be predicted with certainty.
The
client acknowledges and understands that precious metals markets can be volatile and that prices may rise or fall over time and that past performance is not indicative of future performance.. Furthermore, precious metals are not suitable investments for people seeking current income.. Allegiance Gold is not liable for losses caused directly or indirectly by stock exchange or market regulations, government restrictions, or force majeure (i. The SEC’s Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) are updating this Investor Alert to warn investors of potential risks associated with self-directed individual retirement accounts (self-directed IRAs)..
Self-directed IRAs allow investments in a wider — and potentially riskier — portfolio of assets than other types of IRAs. These assets may include real estate, private placements, precious metals and other commodities, and crypto assets.. Investors should be aware that investing in self-directed IRAs involves risks, including fraudulent schemes, high fees, and volatile performance. Fees — The fees for self-directed IRAs can be significantly higher than those for other types of investment accounts.
Thankfully, there are no limits on how much you can transfer from another IRA to your precious metals IRA.. Because IRA gold must be stored in an IRS-approved depository by law, there are also storage fees for storing and insuring your precious metals. Complex tax rules — When you invest through a self-directed IRA, you must follow complex IRS tax rules that don’t apply to other IRAs.. Gold IRAs are very common these days, but traditional financial advisors still generally don’t provide their clients with information about them.
Perhaps partly for this reason, Americans have become accustomed to neglecting gold as a viable investment option both within and outside official retirement accounts.. You can choose between many of the same IRA types, such as. B. a traditional IRA, a SIMPLE IRA, or a Roth IRA. However, it is important to note that the price of gold can and does fall. Therefore, it is best not to invest in the short term.. EXCLUSION OF DAMAGES In no event and under no legal theory, whether in contract, tort, or otherwise, will Allegiance Gold be liable for any direct, indirect, incidental, consequential, economic, non-economic, or punitive damages of any kind, including but not limited to damages arising from loss of profit, profit, or business, even if Allegiance Gold is advised of the possibility of such damages..
If you’re trying to decide whether a gold IRA is right for your retirement savings, contact a financial advisor who is a trustee. This means he is required by law to look out for your best financial interest. There are a number of considerations you should consider before investing any portion of your nest egg in gold.. There are a few things you should consider before you decide to convert your savings into a gold IRA.. Allegiance Gold does not guarantee or predict that those from Allegiance Gold or from independent valuation service providers will reach the same levels in the future as is the case with Allegiance Gold..
Lack of information and liquidity — Standalone IRAs allow you to hold alternative investments which, unlike listed securities, may contain limited information, financial and other. The higher level of management required typically means you’ll need to pay an account manager to manage and monitor your Gold IRA..
.
