Yahoo Finance Article Prompts Certified Gold Exchange to Sound Gold IRA Advisory
Fort Worth (PRWEB) July 02, 2014 -- The official Certified Gold Exchange has taken note of a June 27 Yahoo Finance article about IRA beneficiary forms and has issued an Investor Advisory to warn investors about paperwork-related complications that could arise. CGE spokesperson Janet Jones says failure to complete IRA forms correctly could spell disaster for beneficiaries after the death of the IRA’s owner.
“The IRA is very strict about proper completion of IRA paperwork, as evidenced by the Yahoo Finance article,” Jones said. “And even if the judge presiding over the case has common sense, he or she is required to rule based on current tax law. In the case of Leonard Smith it was revealed that he wanted to leave his money to his children but his wife of two months ended up with the money because Mr. Smith didn’t complete the beneficiary designation form properly.”
Investors must designate their primary and contingent beneficiaries when opening or transferring retirement accounts, and failure to follow the custodian’s directions “to a t” could result in funds being distributed in a manner other than what the account holder intended. “This risk is one of the reasons the official Certified Gold Exchange employs a full-time team of gold IRA advisers,” said Jones. “Even if you don’t do business with us directly our retirement account specialists are on hand to help you complete the transfer paperwork properly.”
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.
Ken Hansen, Certified Gold Exchange, Inc., http://certifiedgoldexchange.com, +1 800-300-0715 Ext: 303, [email protected]
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