In the case of a 401k rollover, your funds are typically paid directly to you. Once you have your funds you have 60 days to transfer them into your new self-directed IRA account. If you do not do so within this 60 day period you may be required to pay taxes. In order to fully understand these rules we recommend talking to a tax or financial advisor before transferring any IRA funds.
Once your precious metals arrive at the depository they will be fully insured. As an added protection, we also insure each mailing we ship out in the very rare occurrence that a package becomes lost or damaged.
Yes. American Federal recommends that you seek the counsel of your Financial Advisor before making any decisions regarding your IRA. Coin dealers or brokers are not generally registered financial advisors; this means they are not legally responsible for the advice the give you. We highly recommend having your personal financial advisor give you an opinion on a Precious Metals IRA.
Investors can expect to see significant tax savings by investing in precious metals using an IRA vs. investing outside an IRA. The tax benefits of investing in precious metals within a self-directed IRA, traditional or ROTH IRA are listed above.
No. As part of the rules from the IRS regarding precious metals IRAs, we, as the dealer, MUST ship the products to an approved IRA depository, who then holds the metal until the time you are ready to liquidate the position.
You can liquidate or take possession of your metals at any time, however this is considered a distribution and there may be tax implications involved. We recommend speaking with a tax professional before making this decision.
We do not provide investment advice, but many of our clients prefer self-directed precious metals IRAs because they are backed by real, physical, segregated metal, vs. an ETF like GLD which is only backed by a pool of gold holdings and positions.
SELF-DIRECTED IRAs are an individual retirement account that gives you complete control over your investment choices. Unlike other IRAs, you are not limited to stocks, bonds, or mutual funds. You can take advantage of investing in alternative assets such as gold, platinum, silver, and palladium.
Adding precious metals to your retirement account can help avoid the risk of unstable markets and inflation.
Self-Directed IRAs are allowed protection under federal bankruptcy laws to assure assets are secure.
Various Self-Directed IRAs allow the distribution of assets to beneficiaries after death with little or no tax implications, allowing you to spread your wealth over generations.
Beware of the misconception that you can take physical possession of your bullion. This is a false claim.
Bullion must be held in the physical possession of a U.S. trustee. The safest place to store your approved bullion is with an approved depository.
Traditional IRAs allow investors to put pre-tax (tax deductible) money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age (currently 59.5), the investor can begin to withdraw from the account without penalty and pay taxes on the amounts withdrawn. Additional benefits as follows:
By contributing to a traditional IRA, you may be able to lower your current tax bracket as your contributions are tax-deductible.
A traditional IRA will allow you to invest more money because taxes are not deducted from the original investment capital.
Investors who are in too high of a tax bracket to qualify for a ROTH IRA can still choose to contribute to a traditional IRA.
Early withdrawals can be taken without penalty in the event of unusual circumstances such as a 1st home purchase or medical bills.
Investors should consider choosing a traditional IRA if they anticipate their tax rate at retirement to be lower than their current tax rate.
ROTH IRAs allow investors to put post-tax money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age (currently 59.5), the investor can begin to withdraw from their account without penalty and without any taxation, provided the account has been open for at least 5 years. Additional benefits as follows:
ROTH IRAs ensure that your qualified withdrawals in the future are tax free because you already paid taxes up front on contributions.
Investors who are over 70.5 can still contribute into ROTH IRAs.
ROTH IRAs have no Required Minimum Distributions (RMD).
Investors should consider choosing a ROTH IRA if they anticipate their tax rate at retirement to be higher than their current tax rate.
Get Started Today: Open or Rollover a Precious Metals IRA Account
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American Federal is not a Financial Planning Institution. We always recommend consulting a Financial Advisor before making any decisions regarding a Precious Metals IRA.