Are 'Home Storage' Precious Metal IRAs Legit?
Seth E. Pierce's article, ""Are 'Home Storage' Precious Metal IRAs Legit?,"" was published in Asset Management and Tax Law360 on May 29, 2015. This article analyzes how global and institutional uncertainty has led many investors to crave more security and controls, and addresses the risks of opening a “home storage” precious metals IRA.
From the article...
"Americans have over $23,000,000,000,000 (that is, $23 trillion (with a “t”) dollars) in retirement savings — primarily in 401(k), individual retirement (IRA), pension and other investment accounts. While America’s savings rate is often derided, in fact, Americans increase their retirement savings hundreds of billions of dollars each year — again, mostly in tax-deferred retirement accounts. These funds are primarily invested in stocks and bonds and other traditional assets, including gold and silver."