Who is eligible for a Traditional IRA?
Eligible if under 70 1/2 with earned income.
Enables individuals to contribute pre-tax dollars, potentially qualifying for a tax deduction, while investment earnings grow on a tax-deferred basis until funds are withdrawn. (Please speak with a tax advisor for your specific situation.)
If you are under age 70 1/2 and have earned income, you're eligible for an IRA, including one that holds precious metals.
Advantages:
- Contributions may be fully or partially tax-deductible based on your individual circumstances
- Investment earnings grow tax-deferred over time
- Withdrawals can begin at age 59½, but with required minimum distributions starting at age 70½ (additional documentation will be required for the IRA custodian)
Please be sure to create the IRA account on our platform. This will establish a precious metals trading account with GBI Direct and the IRA account managed by Equity Trust.