A platinum IRA is an independent retirement account that contains platinum metal. You can add platinum coins and bullion to your precious metals IRA, but they will need to meet strict IRS requirements. Many platinum coins and bullion cannot be added to an IRA because they do not meet the strict purity level requirements. When you work with an IRA company, they will make sure that you only purchase platinum coins or bars that meet all of the requirements.
A platinum IRA offers many of the same tax benefits that you find within a traditional IRA or a Roth IRA. You can setup a platinum IRA to diversify your retirement portfolio and save money for your future on a tax-free or tax-deferred basis. The IRS has strict rules and regulations that you’ll need to be aware of in order to avoid tax penalties or tax payments on certain IRA withdrawals. To ease the stress of setting up a platinum IRA, we recommend that you have an IRA company setup the IRA and let them find IRA-approved platinum coins and bars for you.
IRA Approved Platinum Coins:
IRA Approved Platinum Bullion:
You can only add platinum coins or bullion if they have a purity of level of 99.95%. If the purity level is lower, then they cannot be a part of your IRA. You can add any of these platinum coins or bars to your IRA. They are the most popular platinum options available, but their are others that can also be added. All of your platinum coins and bars will need to be stored within an IRA approved depository. You cannot keep any of the coins or bars in your home or at your bank.