What types of IRA accounts qualify for inclusion of precious metals?
GST offers the following types of IRA accounts: • Traditional – May be fully or partly deductible, depending on income and participation in employer sponsored pension plan. Tax deferred growth, but distributions are taxable. • Roth – Never deductible. For contribution limits, click here Tax-free growth, qualified distributions not taxable. • SEP – Simplified Employee Pension plan. Generally has the same requirements as a Traditional IRA, but contribution limits are higher – 25% of total compensation up to $40,000 per year. • Simple – Generally has the same requirements as a Traditional IRA, but contribution limits are higher – up to $10,000 per year, plus employer contributions.
