Owners of a Traditional, SEP, or Roth IRA, may transfer all or any portion of their account to a gold-backed IRA. Investors holding a 401(k), 403(b), 457, TSA, TSP, pension or another qualified retirement plan, may be eligible to do a full or partial rollover, depending upon the plan rules.
Benefits of Gold IRA Investments
Precious metals help protect investment dollars against adverse economic, environmental, monetary, and political conditions. Gold and silver have historically been viewed as the ultimate assets to preserve wealth, and many shrewd investors have chosen to safeguard their portfolios by hedging with gold and silver. If you share these concerns, then the ownership of precious metals, once a benefit afforded exclusively to the ultra-wealthy, can now be yours.
- Gold and silver have historically proven to be safe-haven assets that gain in value over time
- Holding gold and silver assets will offset the inevitable devaluation of your retirement dollars
- Gold and silver are fundamentally reliable vehicles to store and retain wealth
- Annual IRA contributions can be used to add to your metals holdings over time
Expert IRA Guidance
IRA to IRA transfers have no tax consequences as long as the funds are transferred to and from the same type of IRA (i.e., Traditional to Traditional, Roth to Roth). A rollover from an employer-sponsored plan such as a 401(k) to an IRA is also allowed and is a reportable event, but not a taxable one. The experts in the IRA Department will take the necessary steps to ensure eligibility based upon the rules that govern the plan and to ensure that there are no tax consequences to you.
Precious Metals IRA Rules
The rules for distributions from a precious metals IRA are the same as with any other IRA. Once you reach age 59 ½, you may take distributions without the 10% penalty assessed by the IRS for early withdrawal, and required minimum distributions begin in the year you turn 70 ½. Unlike an IRA invested in paper investments, a distribution from a physical Gold IRA does not require the investment to be sold in order to take a distribution. Gold IRAs gives you the advantage of having the physical gold and silver held in your IRA account shipped directly to you as a distribution. If you need a liquid distribution, Goldiral Precious Metals can help you convert your metals into cash for distribution by wire or check.
Why Goldiral Precious Metals?
We Make it Easy to Get Started With Your Precious Metals IRA
Getting started with Goldiral Precious Metals is as easy as 1, 2, 3. Simply call one of our experienced Precious Metals IRA experts at [email protected]goldiral.com and together we’ll walk you through the process of starting your account. Your personal IRA expert will make sure you understand every step of the process.
We do the Work for You
Your IRA specialist will do all the heavy lifting for you. They’ll complete all the required paperwork, phone calls, and transfer requests, leaving you with not much more than signing on the dotted line.
We’ll Pay Your Storage Fees For up to 3 Years
When you transfer at least $25,000 into your account with Goldiral, we’ll pay for your storage fees for up to 3 years.
Do I actually own physical gold and silver in my account?
Yes. You will actually own a specific quantity of coins — not certificates, stocks, mutual funds, or ETFs, etc. You will receive a quarterly statement containing a list of your account holdings and may also sign up for twenty-four hour online access.
How do I set up my Gold Individual Retirement Account?
Once you have decided that a precious metals IRA is right for you, you will speak with a Goldiral IRA Specialist who will prepare all the documents for your approval and arrange to have them sent to you and returned to Goldiral. We will then process the documents to have your new account set up and the funds transferred from your current account.
Where are the metals in my precious metals IRA stored and are they insured?
Goldiral has strategic relationships with the most respected providers of custodial and storage services in the country and will furnish you with our recommendations. Each is fully insured.
How can I take distributions or RMDs from my account?
Distributions may be taken in one of two ways: shipment of metals, referred to as an “in-kind” distribution; or liquidation and distribution by check or wire. At age 59 ½, either option can be requested without penalty.
Do I share metals with other account holders?
No. The metals placed into your IRA are yours and yours alone. They are your assets until you sell them or take them as an in-kind distribution.
Can I make contributions to my precious metals IRA just like any other?
Yes, the same IRS guidelines for annual contributions apply to your precious metals IRA as with any other IRA.