Precious Metals IRA Rollover

A gold IRA rollover is a great way to help protect retirement money. Gold and silver hedge against the lowering of the U.S dollar, since typically, when inflation occurs, gold appreciates. Savvy investors can find a haven in hard assets like precious metals in times of economic uncertainty.

Self-directed retirement portfolios invested in gold are ideal for anyone wanting to diversify outside of the more traditional paper assets. However, keeping a retirement portfolio solely invested in stocks and bonds makes retirement savings more vulnerable to inflation and market turmoil. 

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Can you hold precious metals in an IRA?

The important thing to remember is that not all precious metal is accepted within a regular self-directed IRA, however, there are specially designed precious metal IRAs that let you invest for retirement using gold, palladium, silver and other valuable metals. Though IRAs were once limited to holding American Eagle gold and silver coins, today, IRAs can invest in IRS-permitted gold, silver, palladium and platinum bullion and coins.

The minimum fineness required for a gold and silver IRA is: 

  • Gold 99.5% 
  • Silver 99.9% 
  • Platinum 99.95% 
  • Palladium 99.95%

Can IRA be rolled over into gold?

To put IRA funds into gold, you have to establish a self-directed IRA, a kind of IRA that the investor manages directly and is permitted to own a wider range of investment products than other IRAs. 6 For a gold IRA, you need a broker to buy the gold and a custodian to create and administer the account.

Should I move my IRA to gold?

Gold IRAs can be a good option if you want to leverage the stability of gold and other precious metals while diversifying your investment portfolio and saving for retirement. These specialized Individual Retirement Accounts (IRAs) are designed for non-traditional investments — like gold, silver, real estate, and more.

How do I rollover my RIA to gold or silver?

To move your IRA money into physical gold and silver, you need to roll the funds over from your traditional IRA into your self-directed IRA. The IRS lets you roll over IRA funds once in every 12-month period.

How do I rollover my 401k to precious metals?

To move your 401(k) into gold, you would need to leave the company you are working for and then roll over your 401(k) into a self-directed IRA. Once your 401(k) investment amount is in your new self-directed IRA, you can then buy gold. Unfortunately, 401k plans that allow precious metals investments can only purchase “paper gold” in the form of ETFs or mutual funds. To invest retirement funds directly in physical gold and silver, a self-directed IRA is necessary.

Can I transfer my 401k to gold without penalty?

If you are wondering how to move 401k without penalty, the answer is simple: complete your account transfer within 60 days, or better yet, do a 401k rollover to a Precious metals IRA. With an account rollover there is no risk of triggering the 60-day IRS rule.

Precious Metals IRA fees

Traditional Gold IRA: A traditional gold IRA is a tax-deferred retirement savings account and works just like pre-tax traditional IRAs when it comes to taxes. Your contributions and any gains will not be taxed and, in most cases, contributions are tax deductible as well.