A gold backed IRA is essentially a self-directed IRA. The difference is that it can also hold precious metals. And it must meet certain rules and regulations of the IRS. Being able to hold physical gold, silver, and palladium assets means long term security for people like us who want to protect their retirement in uncertain times.
Are Gold IRA's Safer Than Roth IRA's?
We think so! When you consider the uncertain times we are living in, it's extremely important to have assets that don't lose value because of world events. Precious metals are historically the best protection against inflation. Many people lost up to 40% of their savings during the 2008 recession. That's why more and more people are protecting their retirement now with Gold-backed IRA's.
How Much Money Do I Need?
Contrary to popular opinion, even smaller investors can begin to take advantage of Gold-backed IRA's. Talk to our chat above and they will direct you to the right company that can handle whatever account size you have.
How Long Does It Take?
For you the process is very simple and fast. The full transfer/rollover will usually take around 7 to 10 days. The company you work with will be doing all the heavy lifting. Most people find it as easy as opening any savings account. Make sure to chat with our rep in the box at the top of this page. They will answer your questions and point you in the right direction.
What Types of Precious Metals Investments Can I Choose Other than Gold?
Since 2014, you can hold silver, platinum and palladium in a gold backed IRA account.
Are There Any Restrictions On The Kinds of Precious Metals That Can Be Held In A Retirement Account?
Yes. If you already own certain coins or bars, your transfer company will let you know if they are acceptable, as these can change from time to time. That’s why it’s always good to have a custodial company that is up-to-date on all the rules and regulations.
Will I Be Able To Include Other Types of Gold and Precious Metals Investments?
Absolutely! You’re certainly not limited to just owning physical gold in your Gold IRA. You also have the option to invest in a Gold Exchange Traded Fund (ETF). Or you may choose other gold mining company stocks or share options. These can all be included in the gold portion of your portfolio.
Can I Add Other Types of Investments (Stocks, etc) To My Gold IRA?
Indeed you can! You’re not limited to only physical gold as an investment. If you already have existing investments you may include them, even if they’re not gold or related to precious metals. There are some extra measures you must take, but yes it’s allowed.
I’d Like To Rollover or Transfer My Current IRA... Is That Possible?
Most certainly! You can rollover or transfer any one of your existing retirement plans into a Gold IRA. The company you choose will provide all the necessary details and steps you need to take. It’s a very easy process!
I’m Loving The Idea of the IRA Rollover and the Transfer. Will I have To Switch Everything All At Once?
Not at all. You also have the option to do it in portions if you’d prefer. This can be easily accomplished through your new custodian. It’s also a smart way to secure at least some of your retirement, in case something unforeseen occurs. Any protection is better than none
What Kinds of Taxes or Penalties Will I Be Required To Pay When Transferring?
None at all! You will not have to pay any taxes or penalties when you transfer a traditional IRA into a gold IRA. It’s a seamless process.
What Types of Fees Can I Expect To Pay?
Hardly any at all. That’s one of the massive benefits of transferring or conducting a gold IRA rollover. There’s usually a small fee, but depending on the amount of your transfers or rollovers you can usually get a much better rate. The companies we review constitute best values in the industry.
Will I Be Able To Physically Hold The Gold That I Own?
Most people unfortunately will not be able to hold their gold. Any company that says you can is probably not a company you want to be dealing with. In some cases you can, but you should consult with your new custodian to make sure you’re not violating any regulations. For most investors, your gold must be held at an insured backed and IRS approved depository in your name.
Now making the switch to a Gold-Backed IRA is EASY!