Why Now is the Best Time to Make 2022 & 2023 IRA Contributions

It’s that time of year again when investors can contribute to their IRAs for two years with a single investment. Watch the video (and/or read below) to hear Scottsdale Bullion & Coin Sr. Advisor Steve Rand & IRA Liaison Michelle Ellis explain the reasons why now is the perfect time to top up your precious metals IRA.

4 Big Reasons To Contribute To Your Gold IRA Now

1. You can take care of 2022 & 2023 contributions.
   Every year, there’s a small window of time when investors can make IRA contributions to the prior and current year simultaneously. This year, that period lasts from January 1st to April 18th during which you can contribute to your 2022 and 2023 tax year limits.

   Knocking both out at the same time cuts down on time demands while ensuring you don’t forget to contribute. Keep in mind that the IRS increased the 2023 contribution limits to make up for inflationary pressures. Don’t miss out on that opportunity!

2. Gold prices are forecasted to climb higher in 2023.
   Gold is nearing 9-month highs¹ amidst a healthy spike in value driven by fear of further deteriorating economic conditions going into next year. Experts anticipate major moves in gold prices with some predicting record highs above $3,000/oz. A healthy gold outlook for 2023 means it’s time to lock in these prices for your IRA before they move higher.
3. Physical supplies are draining quickly.
   A global gold rush has been pinching precious metal supplies as providers struggle to keep up with record-setting demand. Everyone from retail and institutional investors to central banks across the globe has been hedging against market uncertainty by stockpiling gold. You’ll want to grab your gold and silver coins, gold bars, and silver bars while there’s still inventory.
4. Inflation is burning your buying power.
   Inflation reached a peak in 2022, but it’s not going to disappear in 2023. The additional threat of government debt default suggests that the worse might be yet to come with some warning of an imminent recession. As the dollar devalues and gold prices increase, it’s a good time to transition from the greenback into gold and silver.

The easiest way to make your IRA contributions.

Making contributions to your gold IRA couldn’t be smoother or more streamlined when working with the Scottsdale Bullion & Coin team. We handle all the paperwork on your behalf, so all you have to do is review it and sign off. Our IRA liaison will assist you in sending the appropriate funds to the Trust Company for your contribution amounts. When you’re ready to purchase specific physical metals, our Advisors can help you determine the best options based on your investment goals.

Make contributions now before its’ too late.

Everything from surging demand and dwindling supplies to economic turmoil and beyond is pointing toward a major year for gold and silver prices. Don’t get stuck buying in at higher prices. Make your precious metal IRA contributions sooner rather than later for a better ROI. Contact a Precious Metals Advisor by calling or using our live chat function to get started.