Online bullion dealer now provides its customers the ability to include gold, silver and other bullion products in a Self-Directed Individual Retirement Account
Dallas, Texas – February 23, 2011 – An Individual Retirement Account, or IRA, is a popular vehicle many Americans use to save for retirement. Accounts like these possess certain tax benefits favorable to individuals, allowing them to invest in stocks, mutual funds and bonds without the burden of certain taxes. Considering the popularity of these accounts, online bullion dealer Provident Metals, LLC (https://www.providentmetals.com/) is now partnering with two IRA custodian companies to offer investors the ability to include physical gold, silver and other bullion products in their Individual Retirement Account. Bullion investors can choose to purchase their precious metals and place them in either a Traditional or Roth IRA.
To start, investors will need to open what is known as a Self-Directed IRA through either the American Estate & Trust Company or the Sterling Trust Company. These IRA custodian firms are industry leaders and were carefully examined by Provident Metals to ensure stability. Next, investors will need the fund the IRA account through a transfer, rollover, annual contribution or bank wire. Once the funds are in the investor’s account, they will place their order with Provident Metals. Rather than shipping the order directly to the customer, the online bullion dealer will instead send the order to the custodian for storage. Investors will have the ability to cash-out their investments at any time.
“We’re thrilled to offer another option for precious metal investors,” comments J.W. Haugen, General Manager of Provident Metals, LLC. “Many of our clients have IRA and 401k plans that are not performing well. Now they have the opportunity to transfer those funds into an asset class with more stability. A precious metals IRA is a good idea for any investor who hopes to protect and grow wealth.”
Individual Retirement Accounts were created in 1974 by the Employee Retirement Income Security Act to encourage workers to save for retirement. Investors can contribute up to a certain amount each year and reduce their taxable income by the amount they put in. Self-Directed IRAs are a specific type of IRA account that allows the investor more flexibility in choosing where their funds go. Real estate, commodities and precious metals are just a few of the different kinds of self-directed IRAs available.
“One of the best ways to diversify your portfolio is to include gold, silver and other precious metals,” explains Haugen. “This diversification helps investors control their portfolio’s exposure.”
To learn more about Provident Metals’ self-directed Individual Retirement Account options, visit the online bullion dealer today at https://www.providentmetals.com/precious-metals-ira-investment.html. Anyone buying gold, silver, platinum, palladium or copper bullion for their IRA will need to call (800)313-3315 to place their orders.
About Provident Metals
Provident Metals, LLC is a premier gold and silver bullion dealer whose secure online ordering system helps customers easily buy gold and silver bullion. Investors both large and small can easily buy gold bars and coins like the American Gold Eagle, American Gold Buffalo and Pamp Suisse gold bars and buy silver coins like the Canadian Silver Maple Leaf, 1-oz Silver Rounds and more. The online precious metal dealer is also a trusted source for platinum, palladium, copper and investment grade metals for an IRA. Provident Metals offers bulk pricing on many of its products along with flat rate shipping for all orders as well. For more information, visit https://www.providentmetals.com/ today.
Provident Metals, LLC