WEBVTT 00:00:00.000 --> 00:00:02.339 Welcome to the Deep Dive. You're here because 00:00:02.339 --> 00:00:05.139 you're thinking smart about your future and today 00:00:05.139 --> 00:00:07.120 we're looking at something pretty interesting. 00:00:07.780 --> 00:00:11.080 Gold. Specifically gold in your retirement planning. 00:00:11.240 --> 00:00:14.539 Right. Exactly how it can potentially, you know, 00:00:14.740 --> 00:00:17.420 build and protect that nest egg. We're really 00:00:17.420 --> 00:00:20.199 digging into the idea of tax deferred growth 00:00:20.199 --> 00:00:22.760 within a gold IRA. We're basing this on Doug 00:00:22.760 --> 00:00:24.780 Young's article. Yeah, it's a key feature. Tax 00:00:24.780 --> 00:00:27.339 deferred growth basically means your gains aren't 00:00:27.339 --> 00:00:29.640 taxed year after year. Like they get to grow 00:00:29.640 --> 00:00:31.899 without the tax man taking a slice immediately. 00:00:32.020 --> 00:00:34.359 Precisely. The tax comes later when you withdraw 00:00:34.359 --> 00:00:37.280 in retirement. So our mission today really is 00:00:37.280 --> 00:00:40.359 to unpack how that works, the benefits, the mechanics 00:00:40.359 --> 00:00:43.179 and Well, what you need to consider. Okay, let's 00:00:43.179 --> 00:00:45.320 start with the basics, then. What is a gold IRA? 00:00:45.679 --> 00:00:47.859 How's it different from my regular IRA? Good 00:00:47.859 --> 00:00:50.320 question. Fundamentally, it's a type of self 00:00:50.320 --> 00:00:52.560 -directed IRA. That just means you have more 00:00:52.560 --> 00:00:54.600 control over what you invest in. More control 00:00:54.600 --> 00:00:58.340 how? Well, instead of just stocks, bonds, mutual 00:00:58.340 --> 00:01:01.000 funds, like in a typical IRA, a gold IRA lets 00:01:01.000 --> 00:01:03.119 you hold physical precious metals. We're talking 00:01:03.119 --> 00:01:06.239 actual gold, silver, platinum, palladium. Ah, 00:01:06.379 --> 00:01:09.019 okay, so tangible assets, not just numbers on 00:01:09.019 --> 00:01:11.739 a screen. Exactly. It brings something physical 00:01:11.739 --> 00:01:14.340 into your retirement plan. Got it. Now let's 00:01:14.340 --> 00:01:17.340 hammer down this tax -deferred growth. Why is 00:01:17.340 --> 00:01:20.459 that such a big deal, especially with gold? Well, 00:01:20.659 --> 00:01:23.340 think about compounding. When your gold investment 00:01:23.340 --> 00:01:26.840 potentially gains value inside the IRA, those 00:01:26.840 --> 00:01:29.239 profits aren't hit with taxes each year. So that 00:01:29.239 --> 00:01:32.159 money stays in the pot. Right. It stays invested, 00:01:32.620 --> 00:01:35.159 working for you, potentially generating more 00:01:35.159 --> 00:01:38.030 growth. It avoids that sort of annual drag from 00:01:38.030 --> 00:01:41.790 taxes. Doug Young used this analogy, like planting 00:01:41.790 --> 00:01:44.329 a tree and just letting it grow without constant 00:01:44.329 --> 00:01:46.650 trimming. Letting it reach its full potential, 00:01:46.730 --> 00:01:50.109 kind of? Sort of, yeah. Over the long term, that 00:01:50.109 --> 00:01:53.250 lack of annual taxation can make a, well, a pretty 00:01:53.250 --> 00:01:55.310 significant difference to the final amount. Makes 00:01:55.310 --> 00:01:57.950 sense. But OK, beyond the tax angle, why gold 00:01:57.950 --> 00:02:00.450 specifically? Why put metal in my retirement 00:02:00.450 --> 00:02:02.739 account? Well, historically speaking, gold has 00:02:02.739 --> 00:02:04.640 some interesting qualities for long term security. 00:02:04.799 --> 00:02:06.659 I mean, for ages, it's been seen as a store of 00:02:06.659 --> 00:02:09.240 value, right? Yeah, a symbol of wealth. And it 00:02:09.240 --> 00:02:12.580 often holds its ground or even goes up when the 00:02:12.580 --> 00:02:15.259 economy gets shaky. Plus, it adds diversification. 00:02:15.580 --> 00:02:18.240 How so? It doesn't always move in the same direction 00:02:18.240 --> 00:02:20.900 as the stock market. So it can act as a bit of 00:02:20.900 --> 00:02:23.639 a counterweight, potentially smoothing out the 00:02:23.639 --> 00:02:27.379 bumps in your overall portfolio. And let's not 00:02:27.379 --> 00:02:30.770 forget inflation. Ah, the inflation hedge argument. 00:02:31.389 --> 00:02:34.650 Yes. Goal has historically tended to rise, or 00:02:34.650 --> 00:02:36.930 at least hold its value, as the cost of living 00:02:36.930 --> 00:02:39.330 goes up. OK, so it's really about adding maybe 00:02:39.330 --> 00:02:42.270 a layer of stability and diversification, less 00:02:42.270 --> 00:02:44.969 correlation with stocks. Precisely. Think of 00:02:44.969 --> 00:02:47.509 your retirement savings like a pie. A gold IRA 00:02:47.509 --> 00:02:49.569 adds a different kind of slice, potentially a 00:02:49.569 --> 00:02:52.129 more resilient one. A robust slice. You could 00:02:52.129 --> 00:02:55.110 say that. And like Doug Young emphasizes, the 00:02:55.110 --> 00:02:57.889 earlier you start, the more time that tax -deferred 00:02:57.889 --> 00:03:00.370 growth has to really work its magic. OK, let's 00:03:00.370 --> 00:03:02.569 dig into those tax advantages more. You mentioned 00:03:02.569 --> 00:03:04.949 a tax -protected bubble. What does that actually 00:03:04.949 --> 00:03:07.090 look like for the investor? Yeah, that bubble 00:03:07.090 --> 00:03:10.229 idea is helpful. Basically any increase in the 00:03:10.229 --> 00:03:13.870 value of your gold within the IRA. It's shielded. 00:03:14.050 --> 00:03:16.210 You don't report it on your tax return that year. 00:03:16.689 --> 00:03:19.389 No capital gains tax annually. So the growth 00:03:19.389 --> 00:03:22.270 just accumulates inside. It stays inside that 00:03:22.270 --> 00:03:25.349 bubble, compounding potentially until you take 00:03:25.349 --> 00:03:28.090 withdrawals and retirement. Here's another potential 00:03:28.090 --> 00:03:30.969 plus. Many people find themselves in a lower 00:03:30.969 --> 00:03:33.069 tax bracket when they retire compared to their 00:03:33.069 --> 00:03:35.560 peak earning years. Oh, right. So you might pay 00:03:35.560 --> 00:03:38.199 less tax on the games eventually than you would 00:03:38.199 --> 00:03:40.419 have along the way. That's the potential benefit. 00:03:40.460 --> 00:03:43.020 Yes. You defer the tax and you might end up paying 00:03:43.020 --> 00:03:45.780 it at a lower rate later on. Can you maybe walk 00:03:45.780 --> 00:03:47.939 us through a simple example? Numbers always help. 00:03:48.240 --> 00:03:50.639 Sure. Let's try one. Say you put $5 ,000 into 00:03:50.639 --> 00:03:54.240 gold in your gold IRA. OK. And over, let's say, 00:03:54.419 --> 00:03:57.319 20 years, the value of that gold grows to $15 00:03:57.319 --> 00:04:00.159 ,000 at the $10 ,000 gain. Right. Because it 00:04:00.159 --> 00:04:03.000 was inside the tax deferred gold IRA. You paid 00:04:03.000 --> 00:04:05.840 zero tax. on that $10 ,000 game during those 00:04:05.840 --> 00:04:08.340 20 years. Wow. OK. The tax only becomes due when 00:04:08.340 --> 00:04:10.099 you actually withdraw that money in retirement. 00:04:10.500 --> 00:04:12.379 And like we said, maybe at a lower rate then. 00:04:12.620 --> 00:04:16.660 Gotcha. So it seems like maybe a slower, steadier 00:04:16.660 --> 00:04:19.920 path compared to, say, chasing high grade stocks. 00:04:20.319 --> 00:04:23.779 How does it stack up against a traditional 401k 00:04:23.779 --> 00:04:26.459 or IRA overall? That's a fair comparison. You 00:04:26.459 --> 00:04:28.779 could almost use the old tortoise and hare story. 00:04:29.180 --> 00:04:31.860 Traditional accounts heavy on stocks might offer 00:04:31.860 --> 00:04:35.019 faster growth potential. The hair, maybe. But 00:04:35.019 --> 00:04:37.279 more volatile. Exactly. Higher highs, potentially 00:04:37.279 --> 00:04:40.959 lower lows. The gold IRA, with its focus on precious 00:04:40.959 --> 00:04:43.500 metals, is generally aiming for more stability. 00:04:43.639 --> 00:04:45.680 Maybe slower growth sometimes, but steadier. 00:04:45.819 --> 00:04:47.959 More like the tortoise, perhaps. Especially when 00:04:47.959 --> 00:04:50.279 things get economically uncertain. Okay, so tortoise 00:04:50.279 --> 00:04:52.519 versus hair. What are the key differences, then, 00:04:52.540 --> 00:04:55.439 side by side? Let's break it down. First, asset 00:04:55.439 --> 00:04:58.300 types. Physical metals versus financial instruments 00:04:58.300 --> 00:04:59.860 like stocks and bonds. That's the big one. Right. 00:05:00.040 --> 00:05:02.620 Second, tax benefits. both offer tax -deferred 00:05:02.620 --> 00:05:04.319 growth. So that's actually a similarity in this 00:05:04.319 --> 00:05:07.259 context. OK. Third, market dependence. Gold often 00:05:07.259 --> 00:05:09.040 moves independently of the stock market. It has 00:05:09.040 --> 00:05:10.939 different drivers. Less correlation. Less direct 00:05:10.939 --> 00:05:13.860 correlation, yeah. And fourth, inflation hedge. 00:05:15.019 --> 00:05:17.699 Gold historically has been seen as a strong hedge 00:05:17.699 --> 00:05:20.439 against losing purchasing power due to inflation, 00:05:21.060 --> 00:05:23.480 maybe more directly than some other asset classes. 00:05:24.019 --> 00:05:26.360 Interesting. Now, thinking about someone nearing 00:05:26.360 --> 00:05:29.720 retirement, Their priorities shift, right? Less 00:05:29.720 --> 00:05:31.579 about hitting home runs, more about protecting 00:05:31.579 --> 00:05:34.540 the lead. Absolutely. As you get closer to needing 00:05:34.540 --> 00:05:37.019 that money, preserving the capital you've built 00:05:37.019 --> 00:05:40.399 becomes, well, paramount. So how does gold fit 00:05:40.399 --> 00:05:43.199 there? Well, gold's historical performance during 00:05:43.199 --> 00:05:45.839 economic stress think recessions. High inflation 00:05:45.839 --> 00:05:48.399 makes it attractive for stability. It's about 00:05:48.399 --> 00:05:50.379 having a part of your savings that might hold 00:05:50.379 --> 00:05:52.740 up better if the broader market takes a hit. 00:05:52.860 --> 00:05:55.040 a sort of financial cushion. Right, a safety 00:05:55.040 --> 00:05:57.300 net. So it's a strategic play as you de -risk 00:05:57.300 --> 00:05:59.120 your portfolio. You definitely see it that way. 00:05:59.160 --> 00:06:01.000 It's about looking at your whole portfolio. Are 00:06:01.000 --> 00:06:03.600 you too exposed to stock market swings, for example? 00:06:03.819 --> 00:06:06.500 Maybe adding gold via an IRA helps diversify, 00:06:06.740 --> 00:06:09.180 helps reduce that overall risk. You know, the 00:06:09.180 --> 00:06:11.360 old, don't put all your eggs in one basket advice. 00:06:11.779 --> 00:06:14.100 Always good advice. OK, before someone jumps 00:06:14.100 --> 00:06:18.180 in, what are the absolute must -knows, the prerequisites? 00:06:18.240 --> 00:06:21.750 OK, few key things. First, eligibility. You need 00:06:21.750 --> 00:06:23.589 to be eligible to open a self -directed IRA, 00:06:24.069 --> 00:06:26.550 and you need to be aware of the IRS contribution 00:06:26.550 --> 00:06:29.149 limits for the year. Same limits as other IRAs. 00:06:29.329 --> 00:06:33.350 Generally, yes. Second, your goals. Does investing 00:06:33.350 --> 00:06:35.889 in gold actually align with your long -term retirement 00:06:35.889 --> 00:06:38.310 plan? It's not for everyone. Makes sense. And 00:06:38.310 --> 00:06:42.290 third, Risk tolerance. Yes, gold is seen as stable 00:06:42.290 --> 00:06:44.629 long term, but its price can fluctuate in the 00:06:44.629 --> 00:06:46.029 short term. You need to be comfortable with that 00:06:46.029 --> 00:06:48.189 possibility. OK. And you mentioned earlier you 00:06:48.189 --> 00:06:50.230 can't just buy gold bars and stash them under 00:06:50.230 --> 00:06:52.689 the mattress for your IRA. You need a custodian. 00:06:52.790 --> 00:06:56.199 What's that about? Ah, yes, the custodian. critically 00:06:56.199 --> 00:06:59.800 important. They are IRS approved financial institutions, 00:07:00.180 --> 00:07:02.600 often trust companies or banks, that handle the 00:07:02.600 --> 00:07:04.819 administration of your gold IRA. What do they 00:07:04.819 --> 00:07:06.959 actually do? They facilitate the purchase of 00:07:06.959 --> 00:07:09.519 the IRS approved metals, arrange for storage 00:07:09.519 --> 00:07:12.040 in a secure approved depository, not your home, 00:07:12.459 --> 00:07:14.199 and handle all the reporting and record keeping 00:07:14.199 --> 00:07:16.220 required by the IRS. So choosing the right one 00:07:16.220 --> 00:07:19.120 is pretty vital. Absolutely vital. Look for one 00:07:19.120 --> 00:07:21.259 with specific experience and precious metals 00:07:21.259 --> 00:07:25.319 IRAs. Be really clear on their fees, setup fees, 00:07:25.720 --> 00:07:28.660 storage fees, transaction costs, any potential 00:07:28.660 --> 00:07:31.800 hidden fees. Do your homework, read reviews, 00:07:32.339 --> 00:07:35.220 maybe ask for recommendations. Transparency is 00:07:35.220 --> 00:07:38.060 key. Got it. And thinking about that tax deferred 00:07:38.060 --> 00:07:40.699 growth, is there an ideal time frame? How long 00:07:40.699 --> 00:07:43.079 does it need? Well, the longer the better, really. 00:07:43.740 --> 00:07:45.639 Tax deferral shines over the long haul because 00:07:45.639 --> 00:07:48.220 of compounding. The longer your gold sits in 00:07:48.220 --> 00:07:50.519 that tax -protected environment, growing without 00:07:50.519 --> 00:07:53.300 annual taxes, the more significant the potential 00:07:53.300 --> 00:07:55.600 benefit becomes. So starting early helps maximize 00:07:55.600 --> 00:07:57.740 it? Definitely. If it fits your plan, starting 00:07:57.740 --> 00:07:59.920 sooner rather than later gives that compounding 00:07:59.920 --> 00:08:02.180 effect more time to work before you hit retirement. 00:08:02.379 --> 00:08:04.879 Okay, fast forward. You're retired, age 59 and 00:08:04.879 --> 00:08:06.899 a half or older. How do you actually get your 00:08:06.899 --> 00:08:09.720 hands on the value or the gold itself? Good question. 00:08:10.319 --> 00:08:12.699 Once you hit that eligible age, typically 59 00:08:12.699 --> 00:08:14.839 and a half, you can start taking distributions 00:08:14.839 --> 00:08:17.269 without penalty. You usually have options. Like 00:08:17.269 --> 00:08:19.629 what? You might be able to take physical possession 00:08:19.629 --> 00:08:23.930 of the actual gold coins or bars, though you 00:08:23.930 --> 00:08:25.790 need to think about the logistics and potential 00:08:25.790 --> 00:08:28.410 tax reporting for that. It can be complex. OK. 00:08:28.430 --> 00:08:30.790 What's the alternative? The more common rote 00:08:30.790 --> 00:08:33.710 is to instruct your custodian to sell the gold 00:08:33.710 --> 00:08:37.370 held within your IRA. They sell it and you receive 00:08:37.370 --> 00:08:40.649 the proceeds as cash distribution. And that cash 00:08:40.649 --> 00:08:43.529 is taxed. Yes, that cash withdrawal is then taxed 00:08:43.529 --> 00:08:46.509 as ordinary income for that year. which goes 00:08:46.509 --> 00:08:49.529 back to that earlier point, planning your withdrawals 00:08:49.529 --> 00:08:51.750 based on your expected retirement income and 00:08:51.750 --> 00:08:54.549 tax bracket is really important. Right, strategizing 00:08:54.549 --> 00:08:57.769 to minimize the tax hit. Okay. For someone listening 00:08:57.769 --> 00:08:59.710 who's thinking, hmm, this sounds interesting, 00:08:59.929 --> 00:09:01.950 what practical steps or tools should they consider? 00:09:02.029 --> 00:09:05.309 Okay, three main things I'd say. One, stay informed, 00:09:05.710 --> 00:09:07.830 keep an eye on gold market trends, understand 00:09:07.830 --> 00:09:09.629 what influences the price. You don't need to 00:09:09.629 --> 00:09:11.750 be an expert trader, but be aware. Where can 00:09:11.750 --> 00:09:14.340 people do that reliably? There are plenty of 00:09:14.340 --> 00:09:17.279 reputable financial news sites. Bloomberg, Reuters, 00:09:17.740 --> 00:09:21.700 Wall Street Journal, also specific precious metals 00:09:21.700 --> 00:09:24.080 news outlets. Some newsletters can be good, just 00:09:24.080 --> 00:09:26.460 be critical of the source. Maybe even some well 00:09:26.460 --> 00:09:29.340 vetted investor forums. But proceed with caution 00:09:29.340 --> 00:09:31.179 there. OK, stay informed. What's number two? 00:09:31.519 --> 00:09:34.500 Balance your portfolio. And crucially, talk to 00:09:34.500 --> 00:09:37.970 a qualified financial advisor. A gold IRA shouldn't 00:09:37.970 --> 00:09:40.690 exist in isolation. It needs to fit into your 00:09:40.690 --> 00:09:43.110 overall financial picture, your risk tolerance, 00:09:43.450 --> 00:09:46.250 your goals. Personalized advice is key. Cannot 00:09:46.250 --> 00:09:48.529 stress that enough. An advisor can help you figure 00:09:48.529 --> 00:09:50.269 out if it's right for you and how much might 00:09:50.269 --> 00:09:52.669 be appropriate. And number three. Understand 00:09:52.669 --> 00:09:56.029 the rules. Know the IRS regulations about contribution 00:09:56.029 --> 00:09:58.590 limits, eligible metals, storage requirements. 00:09:59.149 --> 00:10:01.250 Getting this wrong can lead to penalties or taxes 00:10:01.250 --> 00:10:03.470 you didn't expect. Right. Okay, let's hit some 00:10:03.470 --> 00:10:05.940 frequently asked questions. Big one. Can I move 00:10:05.940 --> 00:10:09.240 money from my existing 401k or IRA into a gold 00:10:09.240 --> 00:10:11.139 IRA? Yes, absolutely. That's actually how many 00:10:11.139 --> 00:10:13.059 people fund them. It's called a rollover or a 00:10:13.059 --> 00:10:15.340 transfer. Is it complicated? It doesn't have 00:10:15.340 --> 00:10:18.019 to be if you work with a good custodian who specializes 00:10:18.019 --> 00:10:20.200 in this. They'll guide you through the process 00:10:20.200 --> 00:10:22.419 to make sure it's done correctly, according to 00:10:22.419 --> 00:10:24.899 IRS rules, so you don't trigger taxes or penalties 00:10:24.899 --> 00:10:27.980 accidentally. Okay. And the specific IRS rules 00:10:27.980 --> 00:10:30.320 you mentioned, purity and storage, can you recap 00:10:30.320 --> 00:10:33.500 those? Sure. For gold, the IRS generally requires 00:10:33.500 --> 00:10:38.019 a minimum purity of 99 .5%. So not all gold coins 00:10:38.019 --> 00:10:42.279 or bars qualify. And critically, the medal must 00:10:42.279 --> 00:10:45.539 be held by the custodian in an IRS approved depository 00:10:45.539 --> 00:10:48.940 or vault. Not at home, not in a safe deposit 00:10:48.940 --> 00:10:51.539 box under your name. No basement safes. Definitely 00:10:51.539 --> 00:10:53.799 no basement safes for IRA gold. And remember 00:10:53.799 --> 00:10:55.639 those annual contribution limits they apply? 00:10:55.840 --> 00:10:58.399 just like with traditional Roth IRAs. Got it. 00:10:58.639 --> 00:11:00.519 We also talked about inflation. Can you maybe 00:11:00.519 --> 00:11:03.220 spell out again how the tax deferral makes gold 00:11:03.220 --> 00:11:05.580 potentially more effective as an inflation hedge 00:11:05.580 --> 00:11:08.960 within an IRA? Yeah. Think of it this way. Inflation 00:11:08.960 --> 00:11:10.940 eats away at the value of your money over time. 00:11:11.639 --> 00:11:14.299 If gold's value rises to keep pace with or even 00:11:14.299 --> 00:11:16.980 beat inflation, that's good. Right. Now, if those 00:11:16.980 --> 00:11:19.620 gains were taxed every year, inflation would 00:11:19.620 --> 00:11:22.879 still be eroding the after -tax value. But inside 00:11:22.879 --> 00:11:26.440 the tax deferred IRA, the entire game stays invested 00:11:26.440 --> 00:11:28.980 and keeps working, potentially staying ahead 00:11:28.980 --> 00:11:31.000 of inflation more effectively until you withdraw 00:11:31.000 --> 00:11:34.059 it. The tax deferral protects the inflation hedging 00:11:34.059 --> 00:11:36.179 games along the way. So the growth isn't being 00:11:36.179 --> 00:11:38.960 chipped away annually by taxes while inflation 00:11:38.960 --> 00:11:41.539 is also chipping away. Exactly. It gives the 00:11:41.539 --> 00:11:43.779 hedge more room to work, you could say. And during 00:11:43.779 --> 00:11:47.019 those scary economic downturns, market crashes, 00:11:48.080 --> 00:11:50.840 is gold really a safe haven? Historically, it 00:11:50.840 --> 00:11:53.500 has often acted that way. Safe haven is maybe 00:11:53.500 --> 00:11:56.600 a strong term. No investment is perfectly safe. 00:11:57.259 --> 00:11:59.620 But gold's price often behaves differently from 00:11:59.620 --> 00:12:01.860 stocks and bonds during crises. It doesn't always 00:12:01.860 --> 00:12:03.700 fall when they fall. Right. Sometimes it even 00:12:03.700 --> 00:12:06.139 rises when other assets are falling, as investors 00:12:06.139 --> 00:12:09.779 perceive safety. So that lack of direct correlation 00:12:09.779 --> 00:12:12.720 can add a layer of stability or act as a buffer 00:12:12.720 --> 00:12:15.080 for your overall retirement portfolio when markets 00:12:15.080 --> 00:12:17.059 are turbulent. A bit of ballast in the storm. 00:12:17.220 --> 00:12:19.980 A good analogy, yeah. Okay, last FAQ perhaps. 00:12:20.240 --> 00:12:22.080 When you actually hit retirement age, let's say 00:12:22.080 --> 00:12:25.539 65, and you want to start using the money. Recap 00:12:25.539 --> 00:12:28.039 the process again taking distributions. Okay, 00:12:28.399 --> 00:12:31.019 so you're 65, you've passed the 59 and a half 00:12:31.019 --> 00:12:33.700 threshold, you contact your custodian, you decide 00:12:33.700 --> 00:12:37.559 how you want the distribution. Option one, physical 00:12:37.559 --> 00:12:40.159 gold. They arrange delivery, you handle storage 00:12:40.159 --> 00:12:42.279 and potential reporting. More complex. Option 00:12:42.279 --> 00:12:45.539 two. Option two, sell the gold. You tell the 00:12:45.539 --> 00:12:48.159 custodian, sell X amount of my gold. They execute 00:12:48.159 --> 00:12:50.480 the sale within the IRA. The cash proceeds are 00:12:50.480 --> 00:12:52.419 then sent to your bank account as a distribution. 00:12:52.879 --> 00:12:55.299 And that cash is what gets taxed. Correct. That 00:12:55.299 --> 00:12:57.500 cash withdrawal counts as taxable income in the 00:12:57.500 --> 00:12:59.700 year you receive it, at your ordinary income 00:12:59.700 --> 00:13:02.279 tax rate for that year. So again, planning withdrawals 00:13:02.279 --> 00:13:04.899 is key. You might take smaller amounts over several 00:13:04.899 --> 00:13:06.960 years, for example, depending on your tax situation. 00:13:07.129 --> 00:13:09.350 Makes sense. OK, so wrapping things up, it really 00:13:09.350 --> 00:13:12.269 does sound like a gold IRA offers, well, a pretty 00:13:12.269 --> 00:13:14.950 distinct path for retirement savings. It really 00:13:14.950 --> 00:13:17.690 does. That combination of potential tax deferred 00:13:17.690 --> 00:13:20.470 growth with an asset like gold, which has those 00:13:20.470 --> 00:13:22.750 unique characteristics, stability, inflation, 00:13:22.850 --> 00:13:25.629 hedge potential. It's a specific kind of opportunity. 00:13:25.830 --> 00:13:28.210 But definitely not something to just jump into 00:13:28.210 --> 00:13:30.970 lightly. Understanding the details, the rules, 00:13:31.009 --> 00:13:33.509 how it fits your life seems critical. Couldn't 00:13:33.509 --> 00:13:35.750 agree more. You absolutely have to look at your 00:13:35.750 --> 00:13:38.730 own financial situation, your long -term goals, 00:13:39.350 --> 00:13:42.070 what level of risk you're comfortable with, it's 00:13:42.070 --> 00:13:44.269 not a universal fit. And that brings us back 00:13:44.269 --> 00:13:47.830 to getting advice. Yes. Always, always talk to 00:13:47.830 --> 00:13:49.870 a qualified financial advisor. They can give 00:13:49.870 --> 00:13:52.470 you that personalized perspective. You need to 00:13:52.470 --> 00:13:54.809 decide if this makes sense as part of your retirement 00:13:54.809 --> 00:13:57.029 strategy. OK, so here's something to think about. 00:13:57.149 --> 00:14:00.029 In today's, let's face it, pretty complex and 00:14:00.029 --> 00:14:02.690 uncertain economic world, how might adding a 00:14:02.690 --> 00:14:05.110 tangible asset like gold, one that grows tax 00:14:05.110 --> 00:14:07.830 -deferred, actually change how you think about 00:14:07.830 --> 00:14:10.470 your long -term financial security? Could it 00:14:10.470 --> 00:14:12.710 add that extra layer of resilience you're looking 00:14:12.710 --> 00:14:15.409 for? Definitely food for thought. Thanks for 00:14:15.409 --> 00:14:16.549 joining us on this deep dive.