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IRA Financial Trust Company Releases Self-Directed IRA Precious Metals Guide In Light of Fake News on Holding Precious Metals At Home

Self-Directed IRA Precious Metals Guide – IRA Financial Trust

there has been a growing trend of fake news and advertising reports that are incorrectly stating the self-directed IRA investors and hold their IRA owned gold and IRS approved bullion in their home or in their personal possession

IRA Financial Trust Company, a custodian for self-directed IRA LLC and solo 401(k) plans announces the release of a free guide on using a self-directed IRA to purchase gold and other IRS approved precious metals. The free precious metals guide will help self-directed IRA investors navigate the IRS rules surrounding the purchase and possession of IRS approved precious metals, such as gold or American Eagle coins.

The IRS does not list the type of assets or investments that may be purchased with retirement funds, but does indicate which categories of assets or investments are not permitted. Internal Revenue Code Section 408(m) sets forth a list of approved precious metals and coins that are not considered “collectibles” and may be purchased with retirement funds. “Because the rules for the purchase and possession of IRS approved metals and coins are complex, IRA Financial Trust felt it was important to provide a detailed guide for self-directed IRA investors,” stated Adam Bergman, President of the IRA Financial Trust Company, a self-directed IRA custodian.

According to Mr. Bergman, there has been a growing trend of fake news and advertising reports that are incorrectly stating the self-directed IRA investors and hold their IRA owned gold and IRS approved bullion in their home or in their personal possession. This is false and runs in direct contradiction to the Internal Revenue Code which holds under Code section 408(m), that…

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