Precious Metals IRA
Self Directed IRAs
Self-directed IRAs are individual retirement accounts that give the owner complete control over their investment choices. Unlike other IRAs, your investments in a self-directed IRA aren’t limited to stocks, bonds, or mutual funds. You can take advantage of alternative assets such as gold, platinum, silver, and palladium.
3 Reasons to use self-directed IRAs to invest in precious metals
- Precious metals are a great way to diversify your overall portfolio and its generally understood to help you avoid risk in times of unstable markets and inflation.
- Self-directed IRAs are given protection under federal bankruptcy laws.
- They allow the distribution of assets to beneficiaries after the owner’s death with little or no tax implications
IRA Frequently Asked Questions
Once I've received the funds, is there a certain period required for depositing my old 401k funds into my new precious IRA as gold, silver platinum or palladium?
For a 401 rollover, your funds are directly paid to you. Once you've received them, your new self-directed IRA account may be transferred within 60 days. Otherwise, you will be required to pay taxes. To better understand these rules, it's best to consult with a tax or financial advisor before completing an IRA fund transfer.
Is having more than one IRA allowed?
Each person can have multiple IRA accounts. However, the total yearly contribution stays at the same maximum regardless of the number of IRAs. This total considers the value of any gold, silver, platinum and/or palladium you contribute.
Will my precious metals be insured at the depository?
Your precious metals are fully insured once they arrive at the depository. In the rare event a package gets damaged or lost, we are fully insured.
Should I speak to a financial advisor?
We always recommend clients seek the counsel of their financial advisors before making any decisions regarding their IRAs. Generally, coin dealers and brokers are not registered financial advisors and not legally responsible for any advice given.
Are there any IRA contribution limits?
Yes, you may be subject to IRA contribution limits depending on your type of IRA and income levels. Please consult with your IRA custodian to learn of any contribution limits you may be subject to.
Will I ever be able to take physical delivery of my metal?You can liquidate or take possession of your metals at any time; however, this is considered a distribution and there may be tax implications.