- 16 Mar 2023
- Bonds
- Precious Metals
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Are you looking to diversify your investment portfolio by investing in a gold IRA? If so, Kingdom Trust's Gold IRA might be your choice. As one of the leading providers of precious metals IRAs, Kingdom Trust offers an easy and affordable way for investors to get started with their retirement savings journey through a secure gold IRA platform. Here, we'll take an in-depth look at how Kingdom Trust's Gold IRA works and how it can help add value to your retirement portfolio.
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Kingdom Trust Company Overview
Kingdom Trust is a Delaware-chartered trust company that has provided safe custody and other services for retirement plans since its founding in 1998. The company provides self-directed IRAs and 401(k)s with various investment options, including real estate, cryptocurrencies, precious metals, private placements, and more.
Kingdom Trust is a Depository Trust & Clearing Corporation (DTCC) member and licensed fiduciary in all 50 states. As an SEC-registered investment advisor, they are bound to act in their client's best interests and provide unbiased advice.
What is a Gold IRA, and How Does it Work?
An individual retirement account (IRA) that contains physical gold or other precious metals is known as a gold IRA. Similar to a typical IRA, it allows you to invest in physical assets while receiving tax advantages.
The Gold held in your Gold IRA can be bought and sold regularly, with profits being reinvested into the account. It allows the growth of your investment to compound over time, providing you with a more significant nest egg when it comes time to retire.
Kingdom Trust Gold IRA Benefits
Kingdom Trust's Gold IRA is a great way to diversify your retirement savings and help protect against economic downturns. The company offers competitive pricing, allowing you to buy and sell Gold at low costs.
Furthermore, their platform is easy to use and allows investors to access their account information 24/7 from anywhere in the world. Many investors are also drawn to the added security that a gold IRA provides, as it can act as an additional layer of protection against inflation and market volatility. Other advantages the company offers are:
Types of Accounts at Kingdom Trust Gold IRA
At Kingdom Trust, investors can open multiple accounts based on their needs. The most popular are:
How to Set up a Gold IRA With Kingdom Trust
Setting up your Kingdom Trust Gold IRA is simple and straightforward. All you need to do is fill out a few brief forms, select your investments, and fund the account. The process includes the following:
Gold Investment Categories in Kingdom Trust Gold IRA
In a Gold IRA, gold is the most widely used investment option. However, Kingdom Trust also provides investments in other precious metals, such as palladium, platinum, and silver. You can choose from bullion coins or bar products to diversify your portfolio and take advantage of the unique benefits that come with investing in Gold.
The company specializes in American Eagle, bars, and Canadian Maple Leaf coins. It also offers a range of other bullion products, including Austrian Philharmonics, South African Krugerrands, and Britannias from the British Royal Mint.
What are the Associated Costs of a Kingdom Trust Gold IRA?
The fees associated with a Kingdom Trust Gold IRA are relatively low compared to other providers. The company's annual custodial fee of 0.12% is waived if your account value exceeds $25,000. Additionally, there are no setup or maintenance fees for the first year. Beyond that, you will be charged an annual fee of $75.
Kingdom Trust also offers a range of services, some of which are free and others that require an additional fee. For example, account setup is free, but transferring funds into or out of your account is subject to a flat fee of $50 per transaction.
A Review of Taxation Rates for the Kingdom Trust Gold IRA Account
When investing in a Gold IRA, it is essential to understand the taxation rules and regulations associated with that type of account. Kingdom Trust offers several different tax advantages when investing in Gold through their Gold IRA accounts.
Any payments received from an IRA are tax-free until the money is withdrawn. No taxes are charged on gold investments within the account until the investor decides to take money out.
Further, Kingdom Trust Gold IRAs offer an additional tax benefit by allowing investors to defer income taxes until retirement. It allows investors to receive a more significant amount of their assets and delay taxation on those assets until later in life.
Finally, Kingdom Trust does not charge management fees or additional taxes for Gold IRA investments. It saves investors money and helps them maximize the value of their accounts over time.
Here is an overview of taxation rates for different Kingdom Trust Gold IRA accounts:
A Review of Liquidating Your Kingdom Trust Gold IRA
The process is relatively straightforward and easy when it comes time to liquidate your Kingdom Trust Gold IRA. The company allows you to use various methods for liquidating your account, including check or ACH transfer.
You will need to complete an online form to initiate the liquidation process. Once you've completed the form, Kingdom Trust will contact you to confirm the details of your liquidation. You'll need to submit additional documents, such as a Government-issued ID or your Social Security number, to verify your identity. Finally, once everything has been submitted and approved, you should receive your funds within 2-3 business days.
Alternative options are: rolling over your Gold IRA assets into another company's Gold IRA or transferring these assets directly to a bank or brokerage account. You can also opt to convert your Gold IRA into physical gold coins or bars and have them shipped directly to you.
Benefits of Kingdom Trust Gold IRA as Compared to Other Companies
The Kingdom Trust Gold IRA offers several advantages over other companies. Firstly, the company provides investors with an easy and secure way to invest in physical Gold. It is done through their robust online platform, which allows investors to view real-time market data and make informed decisions about their investments.
Also, Kingdom Trust has no minimum investment required to open a gold IRA account. It makes it ideal for investors who are just starting and don't have much capital.
Finally, Kingdom Trust has no annual storage fees or administrative costs associated with the account, saving investors money over time. It also ensures that all investments made through the company are secure and fully insured. It means that if anything were to happen to your Gold, you would be able to get it back to its original condition.
A Gold IRA is a great way to diversify your portfolio of investments and profit from the upsides of gold investing. When it comes to establishing and administering a Gold IRA account, Kingdom Trust provides a number of benefits.
They provide a straightforward process for setting up an account and offer tax-free contributions, tax-deferred withdrawals, and no management fees. Additionally, liquidating your Gold IRA from Kingdom Trust is quick and easy, with several transfer methods available. Whether you're looking to start investing in Gold or diversify your existing investments, Kingdom Trust Gold IRA is a good start.
If you are looking to invest, don't forget to checkout our highest recommended companies!
>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<
Currently our #1 recommendation is offering up to $10,000 in free silver!