Regal Assets help to invest in gold, silver and cryptocurrencies by rolling your retirement funds to gold IRA account. This post is Regal Assets review which also covers sales taxes in the US and details about IRA accounts.
Investing in gold and silver in the US
The US is a great country to invest in gold and silver because of good investing conditions – taxes on gold and silver investments are quite low.
In the US, there are two ways how to invest in gold and silver:
First, simply buy gold or silver investment products such as coin, bar or bullion and choose to either store it in the vault or get it shipped to your home.
This is just like buying something from any online shop. In this case, post with 12 tips before investing in gold and silver might help you. Keep in mind that depending on the state you live in. Normally, everyone must pay sales tax on the gains when selling gold or silver.
Second, in my opinion, a better option is to rollover your existing 401k or any other retirement plan to Gold IRA and earn on your investment tax-free. All gains are tax-free and can be easily reinvested.
Gold or silver-backed IRA is a very solid investment, especially for an inflation-proof scenario which is unavoidable in the long-term. History proves the coming inflation and you can find more details about it in post 7 reasons why to invest in gold and silver.
Taxes on gold and silver investments in the US
While each state has it’s own individual taxes on gold and silver products, in most of the states, there is no sales tax on investment-grade gold and silver products, such as coins and bullion.
Only the following states have sales tax between 4% and 14%:
Alabama, Arkansas, District of Colombia, Hawaii, Kansas, Kentucky, Maine, Minnesota, Mississippi, Montana, Nevada, New Jersey, New York, North Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin, Wyoming.
In some states, you can get some gold and silver products (usually coins) with sales tax exemption only when buying, for example, over $1500. Such states include:
California, Connecticut, Florida, Louisiana, Maryland, Massachusetts, and New York.
Gold and silver products are free of sales tax in all other states as far as I know. You can find more information about taxes on precious metals in each state here.
Individual Retirement Account (IRA)
In the US, residents can have an individual retirement account (IRA), which allows saving money for retirement in a tax-advantaged way. Furthermore, exist different types of IRA.
However, the main principle of IRA is that each month you transfer some funds from your income to your IRA account. The funds can be transferred before taxes or after taxes, depending on your IRA account type.
You can freely choose how to invest your IRA funds. It can be various assets such as stocks, bonds, gold, silver, cryptocurrencies and so on. The value of these assets will grow without any taxes in your IRA account.
You will pay taxes when you will withdraw your gains. However, you can’t do this without penalty until you are around 60 years old. Moreover, your tax bracket will be lower at your retirement age and you will pay less taxes.
What is gold IRA?
Usually, when selling gold or silver, you have to pay income tax dependent on your current tax bracket. With the gold IRA account, you can invest your money into gold or silver and withdraw your gains later with a much lower tax bracket.
However, to properly manage your gold IRA account, you must fill some documents that take your time. Secondly, not all gold and silver coins or bullion are accepted for the IRA. Thirdly, when working with your IRA investments, advice from professionals is more than welcome.
For these reasons, one of the best companies to open gold, silver or crypto-backed IRA is Regal Assets. This company helps not only to fill all required documents but also educates you about IRA advantages, disadvantages and possibilities. No negative customer feedback about this company talks for itself. In fact, you can get all the information for free about gold IRA here.
Regal Assets help investors to add precious metals such as gold, silver, platinum, palladium or Cryptocurrencies to their investment and retirement portfolios. With Regal Assets, you can buy, sell and store your precious metals and Cryptocurrencies. In the last years, the company made Cryptocurrencies available to investment and retirement portfolios.
The company already helped many Americans to transfer existing IRA, SEP, 401k, 403b or TSP plans into metals and Cryptocurrencies. In fact, Regal Assets is strong, healthy and one of the fastest-growing companies in the US.
Regal Assets was founded in 2009 and operates worldwide, provides the highest quality services and has offices in the US, Canada, UK and UAE.
The minimum purchase amount is $5,000.
What offers Regal Assets?
Regal Assets help you to invest in physical precious metals (gold, silver, platinum or palladium) and Cryptocurrencies (35 different cryptocurrencies).
The company offers brokerage services, sells, buys and stores physical precious metals with full insurance under your name.
After the purchase of gold, silver or other precious metals, you can get them delivered to your home or store them in the vault. If you store your investment in the vault, you will be charged a $250 flat fee, which does not increase with increasing investment size, like in most other companies.
Facts about Regal Assets
Furthermore, investors are only charged starting from the second year, so you don’t need to pay any fees when starting to invest.
Moreover, Regal Assets ensures that your precious metals are insured and stored in highest standards vaults.
Investing with Regal Asets
With Regal Assets, you have two methods to invest:
1. You can simply buy gold, silver, platinum, palladium from Regal Assets just like in any online shop. Later, when the price of the assets will increase, you can sell them back. Check Regal Assets inventory here.
2. However, an easier and smarter way is to create a new gold IRA account with Regal Assets. They will help you roll over your existing IRA, SEP, 401k, 403b or TSP plan funds and will guide you on how to invest in physical metals and/or Cryptocurrencies. Your savings will be invested in the most promising assets for the future, without paying any taxes now.
To learn more about investing your savings into physical gold, silver or Cryptocurrencies, and to learn about Regal Assets gold IRA fees, simply download free IRA brochure from the Regal Assets website. You will find all the details on how you can invest your savings for the highest return possible.
In addition, Regal Assets is one of a few companies that offer Cryptocurrencies in an IRA plan. In fact, Cryptocurrencies together with gold and silver ensures that nobody can control your financial freedom. You avoid big banks, Wall Street games and bad government policies.
It is very important to know that the storage of your metals within Regal Assets are held solely under your name and your account is fully insured. Costs of keeping your metals in the vault stay flat and do not increase with the size of your investment.
Regal Assets have a few recommendations on how much and where you should invest, depending on what you expect. For more details check Regal Assets recommended packages with explanations.
Regal Assets customer feedback
Major business publications such as Inc. Magazine, Reuters, Forbes, Market Watch and others featured Regal Assets. 5 out of 5 star customer satisfaction in my opinion guarantee the trustworthiness of the company.
Moreover, Regal Assets have no negative reviews on the internet. You can be sure to get the highest quality service in the industry.
In fact, Regal Assets are real professionals in the precious metals industry. They not only sell or buy precious metals but also provide the highest quality information and professional insights about precious metals, Cryptocurrencies and retirement portfolio investing for FREE.
While some people can say that Regal Assets have a low choice of gold and silver products, however, all products offered by Regal Assets are IRA approved and are very liquid – easy to sell. When investing in gold and silver you should invest in metal weight, not how it looks.
Moreover, Regal Assets educate each client before any transaction takes place. Get your FREE Gold investors kit from Regal Assets here.
Concluding about Regal Assets
Regal Assets are professionals in investing and retirement portfolios management. The company is one of the fastest-growing companies in its niche. This company is used and is recommended by many well-known people.
With no negative words about the company on the internet, you can be sure to get the highest quality service, free education material and safe retirement.