“Right now with inflation at a 31-year high, $1.25 trillion more in stimulus coming, and supply chains right now very difficult to work with, timing is very important.”— Steve Rand, Scottsdale Bullion & Coin Precious Metals Advisor
It’s that time of the year again: time to make sure that you have made all your IRA contributions for 2021!
With inflation at a 31-year high, supply chains still struggling, and an anticipated $1.25 trillion in stimulus coming soon, investors are worried about the market and economy (rightfully so). So, don’t miss this opportunity to invest your money in the haven of a gold and silver IRA.
Watch the video to hear from Senior Advisor and General Manager Steve Rand and Manager and IRA Liaison Michelle Ellis about why timing is so important right now for IRA contributions.
Pro Tip: Max Out Your Annual Contribution Limit
If you are under 50 years old, you can contribute up to $6,000 to your precious metals IRA on a yearly basis. If you are over 50, you can put in $7,000.
It’s in your best interest to maximize your allowable contributions because they don’t roll over. Starting January 1st, if you didn’t contribute your full amount for 2021, it’s too late. The clock resets. (Then, of course, you can contribute up to that amount for the following year.)
Therefore, we urge all our clients to contribute the maximum amount to their precious metals IRA before the end of the year.
Don’t Miss Your Opportunity
Don’t wait until the last minute to call your IRA liaison! This season can get pretty busy at trust companies, so call your advisor as soon as possible to finalize your yearly IRA contributions before it’s too late.
The holiday season can sometimes get overwhelming very quickly, which is why it’s best to call as soon as possible. It’s been very busy in the Scottsdale Bullion & Coin office, and while it’s a simple process, we need enough time to process the paperwork. There is a BIG demand for precious metals IRAs this year, and the longer you wait, the greater chance you might miss the boat.
Want to learn more about investing in a precious metals IRA? Watch the video below to learn about how to get started putting your retirement savings in physical gold and silver.