WEBVTT 00:00:00.000 --> 00:00:01.600 Ever looked at your retirement account and thought, 00:00:02.040 --> 00:00:04.339 stocks and bonds are good, but what about something 00:00:04.339 --> 00:00:07.299 real? Something maybe you could, I don't know, 00:00:07.500 --> 00:00:09.419 actually hold. Perhaps you've wondered about 00:00:09.419 --> 00:00:11.480 diversifying with physical gold inside your IRA. 00:00:11.839 --> 00:00:13.939 If that sounds familiar, well, you're in the 00:00:13.939 --> 00:00:16.760 right place. Today, we're really digging into 00:00:16.760 --> 00:00:20.219 gold IRAs, but not just the shiny metal itself. 00:00:20.390 --> 00:00:23.109 We're focusing on the crucial IRS tax rules and 00:00:23.109 --> 00:00:25.269 regulations, the things that make these accounts 00:00:25.269 --> 00:00:27.230 actually work. They offer unique benefits, sure, 00:00:27.230 --> 00:00:30.710 but let's be honest, the tax stuff can feel complicated. 00:00:31.370 --> 00:00:33.829 Understanding it is absolutely key to, well, 00:00:33.950 --> 00:00:36.130 getting the most out of them and, maybe more 00:00:36.130 --> 00:00:39.090 importantly, avoiding some nasty surprises. We're 00:00:39.090 --> 00:00:41.850 drawing on research from Doug Young. He's a financial 00:00:41.850 --> 00:00:43.609 markets researcher, knows this stuff on gold 00:00:43.609 --> 00:00:46.009 IRAs, and his insights help cut through the jargon. 00:00:46.189 --> 00:00:49.100 So our mission today. Simple. We want to pull 00:00:49.100 --> 00:00:52.280 out the most important bits about gold IRA taxation. 00:00:52.880 --> 00:00:54.799 Contributions, distributions, all that stuff, 00:00:55.079 --> 00:00:57.600 so you can feel genuinely informed. Okay, let's 00:00:57.600 --> 00:00:59.859 unpack this. Yeah, it's a fascinating area, isn't 00:00:59.859 --> 00:01:03.259 it? How you blend traditional retirement planning 00:01:03.259 --> 00:01:06.239 with, well... physical assets. Basically, a gold 00:01:06.239 --> 00:01:08.260 IRA is just an individual retirement account, 00:01:08.620 --> 00:01:10.799 but one that specifically lets you hold physical 00:01:10.799 --> 00:01:13.719 precious metals. We're talking gold, silver, 00:01:14.060 --> 00:01:16.680 platinum, palladium. Right. So it's not just 00:01:16.680 --> 00:01:18.659 numbers on a screen. It's actual metal somewhere. 00:01:18.760 --> 00:01:21.140 That feels different. What about this self -directed 00:01:21.140 --> 00:01:23.959 part? More control. Exactly. It's tangible. And 00:01:23.959 --> 00:01:26.939 yes, it is a self -directed IRA, which means 00:01:26.939 --> 00:01:30.579 you, the investor, have more say over the specific 00:01:30.579 --> 00:01:33.260 investments compared to, say, a standard IRA 00:01:33.260 --> 00:01:36.480 mutual. But, and this is a big but, that control 00:01:36.480 --> 00:01:39.459 comes with very strict IRS rules. Like, the metals 00:01:39.459 --> 00:01:41.959 have to meet specific purity standards. Can't 00:01:41.959 --> 00:01:44.239 just be any gold coin. Okay, purity standards. 00:01:44.540 --> 00:01:45.980 And I've heard something crucial about where 00:01:45.980 --> 00:01:47.920 you keep it. You can't just stash it into safe 00:01:47.920 --> 00:01:49.659 at home, right? Oh, absolutely not. That's a 00:01:49.659 --> 00:01:53.120 huge point. The IRS is very clear. No home storage, 00:01:53.579 --> 00:01:56.280 no personal safe deposit box either. Why is that? 00:01:56.579 --> 00:01:58.680 It's mainly to prevent self -dealing and just 00:01:58.680 --> 00:02:00.840 ensure everything's above board regulated, which 00:02:00.840 --> 00:02:03.379 leads directly to the need for an IRS -approved 00:02:03.379 --> 00:02:06.019 custodian. A custodian. OK, so what role do they 00:02:06.019 --> 00:02:08.219 play? They're essential. They manage the account, 00:02:08.400 --> 00:02:10.740 ensure compliance, and critically, they arrange 00:02:10.740 --> 00:02:12.379 for the storage of your metals in an approved, 00:02:12.740 --> 00:02:15.120 secure third -party depository. Got it. So a 00:02:15.120 --> 00:02:18.580 layer of security and IRS oversight. Makes sense. 00:02:19.039 --> 00:02:21.270 All right. Custody is clear. How about getting 00:02:21.270 --> 00:02:23.469 money into these accounts? Contribution rules. 00:02:23.750 --> 00:02:27.110 OK. Contributions. Like all IRAs, the IRS sets 00:02:27.110 --> 00:02:29.169 annual limits to keep things tax -advantaged. 00:02:29.710 --> 00:02:32.650 For 2025, if you're under 50, that limit is $7 00:02:32.650 --> 00:02:36.030 ,000. $7 ,000. And what if you're older, maybe 00:02:36.030 --> 00:02:37.969 closer to retirement and want to save more? Yep. 00:02:38.150 --> 00:02:40.229 There's help there. If you're 50 or over, you 00:02:40.229 --> 00:02:42.919 get what's called a catch -up contribution. That's 00:02:42.919 --> 00:02:45.199 an extra thousand dollars you can put in. So 00:02:45.199 --> 00:02:47.659 eight thousand dollars total for the 50 plus 00:02:47.659 --> 00:02:50.280 crowd. Exactly. It gives older savers a chance 00:02:50.280 --> 00:02:52.900 to, you know, boost their savings more aggressively. 00:02:53.199 --> 00:02:56.039 That extra grand each year definitely adds up. 00:02:56.240 --> 00:02:59.520 OK, so money's in. What about the growth? That's 00:02:59.520 --> 00:03:02.599 usually a big draw for IRAs. How does tax deferral 00:03:02.599 --> 00:03:05.599 work here? This is a major plus, especially for 00:03:05.599 --> 00:03:07.639 something like gold, which you might hold long 00:03:07.639 --> 00:03:11.909 term. Gold IRAs offer tax deferred growth. Simple 00:03:11.909 --> 00:03:15.610 as that. Any gains your gold makes, not taxed 00:03:15.610 --> 00:03:18.610 year to year. So no capital gains tax hit every 00:03:18.610 --> 00:03:21.770 year if the value goes up? Nope. The taxes are 00:03:21.770 --> 00:03:23.729 deferred until you actually take the money out 00:03:23.729 --> 00:03:26.349 in retirement. It lets the investment compound 00:03:26.349 --> 00:03:29.250 over time without that annual tax drag. But this 00:03:29.250 --> 00:03:31.289 seems really powerful, letting it grow without 00:03:31.289 --> 00:03:34.340 constantly giving a slice to Uncle Sam. Especially 00:03:34.340 --> 00:03:36.360 with gold, where the value can bounce around 00:03:36.360 --> 00:03:39.280 a bit short -term. Precisely. That protected 00:03:39.280 --> 00:03:41.800 growth lets your savings build momentum much 00:03:41.800 --> 00:03:43.979 more efficiently than in a regular taxable account. 00:03:44.199 --> 00:03:46.979 You can ride out market waves over decades. And 00:03:46.979 --> 00:03:48.500 well, here's where it gets really interesting. 00:03:48.520 --> 00:03:51.500 Oh, what's that? Roth Gold IRAs. Ah, the Roth 00:03:51.500 --> 00:03:54.219 option. Usually means even better tax treatment, 00:03:54.240 --> 00:03:56.939 right? You got it. With a Roth Gold IRA, you 00:03:56.939 --> 00:03:59.520 contribute after -tax dollars, money you've already 00:03:59.520 --> 00:04:03.560 paid income tax on, the huge benefit. Qualified 00:04:03.560 --> 00:04:05.780 distributions in retirement are completely tax 00:04:05.780 --> 00:04:08.860 -free, federal tax -free, that is. Wow. So all 00:04:08.860 --> 00:04:12.139 that growth over the years comes out totally 00:04:12.139 --> 00:04:14.740 tax free. If you meet the conditions, yes. Like 00:04:14.740 --> 00:04:16.879 having the account open five years and being 00:04:16.879 --> 00:04:20.240 over 59 and a half, it essentially means potentially 00:04:20.240 --> 00:04:23.319 zero federal tax on your gold depreciation for 00:04:23.319 --> 00:04:25.480 your retirement years. That is a game changer. 00:04:25.980 --> 00:04:29.500 Seriously, tax free growth on physical gold. 00:04:30.660 --> 00:04:33.160 OK, so we've got the gold and it's growing nicely 00:04:33.160 --> 00:04:36.430 tax deferred or even tax free in a Roth. What 00:04:36.430 --> 00:04:38.430 happens when it's time to actually use that money, 00:04:38.850 --> 00:04:40.850 taking distributions? All right, distributions. 00:04:41.189 --> 00:04:43.889 The magic number is age 59 and a half. Once you 00:04:43.889 --> 00:04:45.829 hit that age, you can start taking money out 00:04:45.829 --> 00:04:48.529 penalty free. Penalty free, OK. But still taxed, 00:04:48.550 --> 00:04:50.980 I assume. For a traditional gold IRA? Correct. 00:04:51.259 --> 00:04:53.500 For a traditional one, those distributions are 00:04:53.500 --> 00:04:56.339 taxed as ordinary income. So the amount you withdraw 00:04:56.339 --> 00:04:58.540 gets added to your income for that year. Which 00:04:58.540 --> 00:05:00.500 could bump you into a higher tax bracket if you 00:05:00.500 --> 00:05:02.740 take out a lot at once. Planning is key there. 00:05:02.860 --> 00:05:04.439 Definitely need to plan carefully. And what if 00:05:04.439 --> 00:05:06.600 you need the money before 59 and a half? Yeah, 00:05:06.779 --> 00:05:08.939 what happens then? Emergencies happen. Generally, 00:05:08.980 --> 00:05:11.720 you're looking at a 10 % early withdrawal penalty. 00:05:11.980 --> 00:05:14.180 And that's on top of the ordinary income tax 00:05:14.180 --> 00:05:17.430 you'll owe. Ouch. 10 % penalty plus income tax. 00:05:17.829 --> 00:05:19.870 That's a hefty hit. Are there any ways around 00:05:19.870 --> 00:05:23.629 that penalty? Any exceptions? Yes. The IRS allows 00:05:23.629 --> 00:05:27.290 a few exceptions, things like certain large medical 00:05:27.290 --> 00:05:29.850 expenses, costs for higher education, or a first 00:05:29.850 --> 00:05:31.930 -time home purchase, though there's a limit on 00:05:31.930 --> 00:05:34.009 that. OK, specific situations. Right. There's 00:05:34.009 --> 00:05:37.110 also something called SEPPs, Substantially Equal 00:05:37.110 --> 00:05:39.910 Periodic Payments. It's complex, but basically 00:05:39.910 --> 00:05:42.410 you take regular calculated withdrawals based 00:05:42.410 --> 00:05:45.069 on life expectancy. If you do it right, you can 00:05:45.069 --> 00:05:47.709 avoid the 10 % penalty before 59 and a half, 00:05:47.790 --> 00:05:50.170 but there's a catch. You usually have to stick 00:05:50.170 --> 00:05:52.569 with those payments for at least five years or 00:05:52.569 --> 00:05:54.470 until you reach 59 and a half, whichever takes 00:05:54.470 --> 00:05:57.829 longer. SEPP sounds like something you definitely 00:05:57.829 --> 00:06:00.009 need professional advice on. Yeah. It really 00:06:00.009 --> 00:06:01.769 highlights how important it is to understand 00:06:01.769 --> 00:06:04.470 these rules before you need the money. The IRS 00:06:04.470 --> 00:06:06.779 keeps you on your toes. Okay, let's shift gears 00:06:06.779 --> 00:06:08.579 a bit. Something that becomes really important 00:06:08.579 --> 00:06:13.199 later on. RMDs. Required minimum distributions. 00:06:13.720 --> 00:06:16.120 What are they, and when do they start for gold 00:06:16.120 --> 00:06:19.779 IRAs? RMDs. Right. These are mandatory withdrawals. 00:06:19.839 --> 00:06:22.800 You have to take them. It applies to traditional 00:06:22.800 --> 00:06:26.939 IRAs, including gold IRAs. Not Roths, usually. 00:06:27.420 --> 00:06:29.160 The whole point is so the IRS eventually gets 00:06:29.160 --> 00:06:31.439 tax revenue on that deferred growth. The starting 00:06:31.439 --> 00:06:33.959 age used to be 72, but it was updated. Now it's 00:06:33.959 --> 00:06:37.019 age 73. Age 73. So starting the year you turn 00:06:37.019 --> 00:06:40.480 73, you need to take money out. How much? And 00:06:40.480 --> 00:06:43.589 what if you forget? or just don't do it. I hear 00:06:43.589 --> 00:06:45.370 the penalties are rough. They're very rough. 00:06:45.629 --> 00:06:48.050 If you fail to take your full R &D for the year, 00:06:48.449 --> 00:06:51.170 the penalty is a whopping 25 % of the amount 00:06:51.170 --> 00:06:53.790 you should have taken out. 25%, wow, that's huge. 00:06:53.829 --> 00:06:55.709 It's a massive penalty, a quarter of the required 00:06:55.709 --> 00:06:58.209 withdrawal. So what does this all mean? It means 00:06:58.209 --> 00:07:01.149 you absolutely cannot ignore RMDs. You have to 00:07:01.149 --> 00:07:02.829 calculate it correctly and take it out on time. 00:07:03.329 --> 00:07:05.149 Exactly. There is a bit of relief if you realize 00:07:05.149 --> 00:07:06.850 the mistake and correct it within two years. 00:07:06.990 --> 00:07:09.509 The penalty can be reduced to 10%. But honestly, 00:07:09.670 --> 00:07:11.990 the goal is just to avoid the penalty altogether. 00:07:12.230 --> 00:07:15.449 Definitely. How is the RMD amount actually calculated 00:07:15.449 --> 00:07:18.290 for a gold IRA? Is it tricky with physical gold? 00:07:18.490 --> 00:07:20.750 It's similar to a traditional IRA, actually. 00:07:20.970 --> 00:07:23.689 The IRS provides life expectancy tables, the 00:07:23.689 --> 00:07:26.810 uniform lifetime table, usually. Your custodian 00:07:26.810 --> 00:07:28.829 values your gold holdings at the end of the year. 00:07:29.290 --> 00:07:31.589 Then you divide that fair market value by the 00:07:31.589 --> 00:07:33.569 distribution period factor from the IRS table 00:07:33.569 --> 00:07:36.120 for your age. So the custodian helps with the 00:07:36.120 --> 00:07:38.360 valuation part. Yes. They have to provide the 00:07:38.360 --> 00:07:40.779 year -end fair market value. And they'll often 00:07:40.779 --> 00:07:43.819 help calculate the RMD amount itself. You just 00:07:43.819 --> 00:07:46.139 need to be aware that gold's value fluctuates 00:07:46.139 --> 00:07:48.560 so that valuation needs to be done annually for 00:07:48.560 --> 00:07:50.600 the calculation. Right. Annual review is key. 00:07:51.399 --> 00:07:54.560 Okay. RMD is covered. Now, gold IRAs aren't just 00:07:54.560 --> 00:07:57.089 for the owner. They can be passed on. Right? 00:07:57.189 --> 00:07:59.149 Part of an inheritance. Yes, absolutely. They 00:07:59.149 --> 00:08:01.829 can be part of your legacy. But the rules for 00:08:01.829 --> 00:08:04.370 beneficiaries can be pretty complex. It really 00:08:04.370 --> 00:08:07.290 depends who inherits it. I bet like spouse versus 00:08:07.290 --> 00:08:10.029 kids or maybe a trust. Exactly. There are big 00:08:10.029 --> 00:08:12.470 differences. Spouses generally have the most 00:08:12.470 --> 00:08:15.470 flexibility. A surviving spouse can often treat 00:08:15.470 --> 00:08:18.170 the inherited gold IRA as their own. They might 00:08:18.170 --> 00:08:20.569 roll it into their own IRA, continue the tax 00:08:20.569 --> 00:08:23.410 deferral, delay RMDs based on their own age. 00:08:23.660 --> 00:08:26.399 Okay, so spouses have options. What about non 00:08:26.399 --> 00:08:29.620 -spouse beneficiaries, like children? It's more 00:08:29.620 --> 00:08:31.680 restrictive for them. They cannot treat it as 00:08:31.680 --> 00:08:34.740 their own IRA. They generally have a couple of 00:08:34.740 --> 00:08:37.700 main paths, depending on specifics. Often they 00:08:37.700 --> 00:08:39.659 need to take distributions based on their own 00:08:39.659 --> 00:08:42.149 life expectancy, stretching it out. Or, under 00:08:42.149 --> 00:08:44.549 newer rules for many, they might have to empty 00:08:44.549 --> 00:08:46.929 the entire account within 10 years of the original 00:08:46.929 --> 00:08:50.330 owner's death. Ten years? That can mean big withdrawals 00:08:50.330 --> 00:08:52.970 and potentially big tax bills concentrated in 00:08:52.970 --> 00:08:55.509 a short period. It certainly can. It makes careful 00:08:55.509 --> 00:08:58.009 beneficiary designation and planning really important. 00:08:58.210 --> 00:09:00.529 Good point. And all this tracking contributions, 00:09:00.850 --> 00:09:03.230 distributions, RMDs, value requires good records, 00:09:03.529 --> 00:09:06.269 right? What about IRS reporting? Absolutely vital. 00:09:06.610 --> 00:09:08.409 And while the custodian handles the official 00:09:08.409 --> 00:09:11.110 reporting, you need to understand it. Accurate 00:09:11.110 --> 00:09:13.870 records of every transaction, buys, sells within 00:09:13.870 --> 00:09:16.889 the gold IRA are crucial. All this data feeds 00:09:16.889 --> 00:09:19.210 into the contribution limits, distribution taxes, 00:09:19.529 --> 00:09:22.850 RMD calculations. So stay organized. What forms 00:09:22.850 --> 00:09:24.809 should people look out for from their custodian? 00:09:24.940 --> 00:09:26.879 Your custodian is required to send you specific 00:09:26.879 --> 00:09:30.740 IRS forms each year. The main ones are form 1099R, 00:09:30.840 --> 00:09:33.259 which reports any distributions you took, and 00:09:33.259 --> 00:09:35.899 form 5498, which reports your contributions for 00:09:35.899 --> 00:09:38.679 the year, and importantly, the fair market value 00:09:38.679 --> 00:09:41.059 of your account at year end. These are key for 00:09:41.059 --> 00:09:44.460 your tax return. OK, 1099R for money out, 5498 00:09:44.460 --> 00:09:47.259 for money in and value. Got it. Got it. This 00:09:47.259 --> 00:09:48.580 seems to loop back to something we mentioned 00:09:48.580 --> 00:09:51.440 earlier, but let's really clarify it. The custodian. 00:09:51.600 --> 00:09:54.200 Why are they so critical? And how are they different 00:09:54.200 --> 00:09:56.600 from, say, the company that sells you the gold? 00:09:56.919 --> 00:10:00.220 Right. This is a cornerstone of gold IRAs. The 00:10:00.220 --> 00:10:03.500 IRS requires an approved custodian. Could be 00:10:03.500 --> 00:10:06.320 a bank, credit union, trust company, brokerage 00:10:06.320 --> 00:10:08.919 firm specifically approved for this. They are 00:10:08.919 --> 00:10:11.500 responsible for holding the assets well, arranging 00:10:11.500 --> 00:10:13.539 the storage and managing the account according 00:10:13.539 --> 00:10:17.120 to IRS rules. No self -custody allowed. And the 00:10:17.120 --> 00:10:19.740 gold IRA company, the one you might see advertised. 00:10:20.039 --> 00:10:22.139 They play a different role. Think of them as 00:10:22.139 --> 00:10:24.799 facilitators, maybe advisors. They typically 00:10:24.799 --> 00:10:27.299 help you set up the account, facilitate the purchase 00:10:27.299 --> 00:10:29.539 of the IRS approved medals, and often connect 00:10:29.539 --> 00:10:32.419 you with a custodian and depository. They handle 00:10:32.419 --> 00:10:35.070 the initial transaction, basically. The company 00:10:35.070 --> 00:10:36.950 helps you buy it. The custodian holds it and 00:10:36.950 --> 00:10:39.509 handles the IRS stuff. Exactly. The custodian 00:10:39.509 --> 00:10:42.309 is the entity ensuring ongoing IRS compliance. 00:10:43.070 --> 00:10:45.129 They secure the metals in that approved depository, 00:10:45.370 --> 00:10:48.210 handle the paperwork, the reporting. Their role 00:10:48.210 --> 00:10:50.230 is non -negotiable for the account to be valid. 00:10:50.529 --> 00:10:52.970 That clarity is super helpful. Okay. Let's hit 00:10:52.970 --> 00:10:55.090 a few quickfire common questions people often 00:10:55.090 --> 00:10:58.190 have. First, just to restate, gold IRA versus 00:10:58.190 --> 00:11:00.750 other IRA is the main difference. The asset. 00:11:00.970 --> 00:11:04.230 Physical precious metals in a gold IRA versus 00:11:04.230 --> 00:11:08.269 paper assets, stocks, bonds, funds in most traditional 00:11:08.269 --> 00:11:11.509 or Roth IRAs. It's about adding a tangible asset 00:11:11.509 --> 00:11:14.149 class. Simple enough. Can you move money from 00:11:14.149 --> 00:11:17.950 an existing IRA or 401k into a gold IRA? Yes, 00:11:18.049 --> 00:11:20.529 definitely. It's done through a rollover or transfer. 00:11:21.029 --> 00:11:23.009 Super important to follow the rules, especially 00:11:23.009 --> 00:11:25.509 the 60 -day rule if you do an indirect rollover, 00:11:25.769 --> 00:11:27.850 to keep it tax -deferred and avoid penalties. 00:11:28.370 --> 00:11:30.940 A direct custodian -to -custodian Transfer is 00:11:30.940 --> 00:11:33.899 usually safer. Good tip. What about income limits? 00:11:34.320 --> 00:11:36.659 Can anyone contribute? For a traditional gold 00:11:36.659 --> 00:11:39.279 IRA, generally, yes. No income limits on making 00:11:39.279 --> 00:11:41.759 contributions. But for a Roth gold IRA, yes, 00:11:41.840 --> 00:11:43.799 there are income limitations, just like regular 00:11:43.799 --> 00:11:46.480 Roth IRAs. If your income is too high, you might 00:11:46.480 --> 00:11:48.480 need to look into that backdoor Roth strategy 00:11:48.480 --> 00:11:50.679 we sometimes hear about. Right. Roths have income 00:11:50.679 --> 00:11:52.899 gaps. And finally, let's just hammer home that 00:11:52.899 --> 00:11:55.860 RMD penalty one more time. If you miss it. It's 00:11:55.860 --> 00:11:58.539 that painful 25 % penalty on the amount you failed 00:11:58.539 --> 00:12:01.080 to withdraw. Potentially reducible to 10 % if 00:12:01.080 --> 00:12:03.620 fixed quickly, but really the goal is 0 % by 00:12:03.620 --> 00:12:05.779 just taking the RMD on time. Don't give that 00:12:05.779 --> 00:12:08.600 money away unnecessarily. Absolutely. Avoid the 00:12:08.600 --> 00:12:11.019 penalty. What's fascinating here is just how 00:12:11.019 --> 00:12:13.500 much these IRS rules shape everything, isn't 00:12:13.500 --> 00:12:15.799 it? From how much you put in, how it grows, how 00:12:15.799 --> 00:12:18.580 you take it out, those RMDs, the custodian's 00:12:18.580 --> 00:12:22.190 rule. It all defines the potential and the responsibility 00:12:22.190 --> 00:12:25.070 of having a Gold IRA. It really does. It's a 00:12:25.070 --> 00:12:27.590 unique tool for diversification, but it absolutely 00:12:27.590 --> 00:12:29.529 demands that you pay attention to the details 00:12:29.529 --> 00:12:32.720 of the tax code. And this deep dive... Drawing 00:12:32.720 --> 00:12:35.100 from Doug Young's research really underscores 00:12:35.100 --> 00:12:37.720 that. You need to be informed. As you think about 00:12:37.720 --> 00:12:39.879 whether this fits your own strategy, remember 00:12:39.879 --> 00:12:42.460 Doug Young also emphasizes comparing the actual 00:12:42.460 --> 00:12:45.299 gold IRA providers, not just the concept. His 00:12:45.299 --> 00:12:47.179 research often looks into those comparisons. 00:12:47.600 --> 00:12:50.139 Good point. And of course, our usual reminder. 00:12:50.600 --> 00:12:52.820 This discussion is for educational purposes. 00:12:53.059 --> 00:12:55.419 It's not financial advice tailored to you. Please 00:12:55.419 --> 00:12:57.779 always talk to a qualified financial advisor 00:12:57.779 --> 00:13:00.480 who understands your specific situation before 00:13:00.480 --> 00:13:02.990 making any investment. Couldn't agree more. Always 00:13:02.990 --> 00:13:05.990 get personalized advice. So, as we wrap up, here's 00:13:05.990 --> 00:13:08.509 something to think about. Given how financial 00:13:08.509 --> 00:13:10.570 markets and, importantly, tax laws are always 00:13:10.570 --> 00:13:13.649 changing, how do you personally balance the appeal 00:13:13.649 --> 00:13:15.929 of something tangible like gold in your IRA, 00:13:16.429 --> 00:13:19.190 that sense of security, the very real need to 00:13:19.190 --> 00:13:21.570 constantly stay vigilant and adapt to the shifting 00:13:21.570 --> 00:13:23.669 rules that will impact your retirement plan over 00:13:23.669 --> 00:13:26.129 the long haul? It's not just about buying the 00:13:26.129 --> 00:13:27.889 gold. It's about managing the whole picture, 00:13:28.250 --> 00:13:30.639 year after year. Thank you for joining us on 00:13:30.639 --> 00:13:31.980 the DAPE Dive. We hope this leaves you feeling 00:13:31.980 --> 00:13:34.679 more informed about the intricacies of gold IRA 00:13:34.679 --> 00:13:36.399 taxation. Until next time.