If you own a Roth IRA, you may be under the impression that withdrawals are always income-tax-free. Not true. Even worse, some withdrawals can be socked with a 10% penalty on top of the income tax bill.
Los Angeles, Ca. (PRWEB) February 27, 2014
My Private Bullion announces the expansion of their Private Storage IRA services designed to provide retirement plan owners the option to store their metal assets such as gold bullion and coins, silver bars and coins, platinum and palladium in any private storage location of their choosing, including your own home.
Alex Viera, Managing Director of My Private Bullion states, “The problem for why investors lack this vital information is due to Banks and Brokerage houses focused solely on selling stocks, bonds, and mutual funds. They aren't willing to handle IRA account holders who wish to invest in gold and silver, real estate, private business, commodities, intellectual property, etc. Therefore, many of our clients suffer by having less control and diversification in their IRA by having to deal with higher fees and commissions by the brokers and custodians who work side by side."
Bill Bischoff of the Wall Street Journal states, "If you own a Roth IRA, you may be under the impression that withdrawals are always income-tax-free. Not true. Even worse, some withdrawals can be socked with a 10% penalty on top of the income tax bill."
"This is why it's imperative to understand how MPB can help avoid these costly fees," as Tom Kelly, MPB’s Retirement Plan Specialist advises. “Whether you have a 401(k), Traditional IRA or Roth IRA, there has not been any gold company whatsoever offering or even being able to offer this type of service.” Kelly adds, “Now that we've expanded into servicing Self Employers, we can help clients save a lot of money over time in storage fees and custodial fees, plus give them additional peace of mind with Private Storage of their metals.”
This announcement is a continuation of efforts by MPB to change the way the gold industry operates and expose its old and tired practices. MPB believes investors need a protection plan and a profitability plan that the rest of the precious metals industry is simply not providing. By pairing buyers to specific coins that will increase over time, individual investors can expect a larger return from their Self Directed IRA account. And with the campaign to roll out Private Gold Storage effective immediately, look forward to MPB becoming the world’s top rated Gold IRA Company.
To learn more about retirement plan investing, please visit http://www.myprivatebullion.com or call 310-912-3450.