Gold Well Live

  Self directed Gold and Silver IRA IRAs and self directed IRAs were introduced in 1974 as part of the Employee Retirement Income Security Act (ERISA). With this legislation Congress provided tax-advantaged savings vehicles for individuals who weren’t covered by a retirement plan at work. Based on the objectives outlined for ERISA, self directed IRA accounts (SDIRA) would theoretically allow individuals to invest in alternative assets, but ERISA didn’t specify the assets that were allowed in an SDIRA. Instead of listing permissible assets, ERISA only listed assets that could not be held: insurance contracts and collectible items. ERISA also specified that IRAs could only be opened at banks, financial institutions, and regulated trust companies. This constraint meant that investors were limited to the assets that these conservative Trustees allowed – primarily Stocks, Bonds, and Mutual funds. Eventually the IRS relaxed the Trustee rules and non-bank Trustees were allowed to open IRA...