How to Start a Gold IRA
Accurate Precious Metals Coins, Jewelry & Diamonds can help individuals add gold and silver investments to their IRA.
Diversifying your retirement portfolio with gold and silver is a wise investment decision. Precious metals are known to retain their value over the long term, even when economic conditions become unsteady – making them an ideal choice for those looking to safeguard their savings against inflation. Accurate Precious Metals Coins, Jewelry & Diamonds can assist in establishing Gold or Silver IRA accounts that allow individuals to store physical bullion coins/bars instead of paper assets as part of their retirement plan.
The Process
Open a Self Directed IRA Account
Step 1 To start investing in a Precious Metals IRA, you must open up a self-directed account! Begin your journey to secure future financial stability with this powerful asset.
Add funds to your Self-Directed IRA Account
Step 2 is all about getting your retirement savings rolling! You’ll start by requesting money from your current account holders, which will then be deposited into a newly opened Self-Directed IRA Account
Purchase Metals from Accurate Precious Metals
Finally, you will acquire precious metals from the reliable source Accurate Precious Metals. After which, your custodian of the newly opened IRA account will send funds to Accurate Precious Metals to pay for the new metals and we will ship them to a secure depository.
IRA Approved Precious Metals
Note: Only certain precious metals products are approved for an IRA. Be careful when selecting your since non-approved products will be rejected. Below are common Gold and Silver products which have been approved for an IRA.
Common Silver Products
Common Gold Products
Though it’s a simple concept, it’s important to let a qualified and certified precious metals custodian, like Accurate Precious Metals Coins, Jewelry, & Diamonds, help you to seamlessly transfer current assets into a Gold and Silver IRA. Individuals who incorrectly switch to a Gold and Silver IRA could have their current IRA lose its tax deferred status. Accurate Precious Metals Coins, Jewelry, & Diamonds can get the assets qualified so you can add gold or silver to your IRA without suffering any tax penalties.
Like all investments, gold and silver IRAs are not guaranteed to grow in value right away. However, history has shown that in the long run and especially during economic crises, precious metals grow in value. This makes gold and silver a sound investment for good times and bad.
Gold IRA FAQs
Are there penalties for starting a Gold IRA
Accurate Precious Metals Coins, Jewelry & Diamonds is your go-to source for converting current assets into a Gold and Silver IRA. Through AccuratePMR, you can safely add gold or silver to your retirement account without any tax consequences – allowing you the opportunity to diversify investments in this powerful form of wealth protection.
How long does it take to transfer my IRA into a gold & silver IRA?
Accurate Precious Metals makes it easy and simple to transfer your IRA into a Gold & Silver IRA. If you are actively engaging with our sales team, the process can be completed within a week – even as quickly as a couple of days! The only variable is waiting on the client’s current IRA retirement account holders. Those accounts we have no control over but we will assist you with the paperwork and details that are needed from your accounts. We want to make this transition enjoyable for all of our clients – taking away any stress or worry that may come along with such a move.
What Products can I buy to put in my IRA Account?
When investing in an IRA, there are many different gold and silver products you can choose from. But the refiners, assayers, and manufacturers must be accredited/certified by NYMEX, COMEX and each product must also meet IRS-mandated fineness requirements of 99.5% pure for gold, 99.9% pure for silver, and both platinum and palladium need to be at least 99.95%. Depending on your choice of product – coins or small bullion bars – they may also have other specific conditions that must be met such as proof coin packaging with certificates intact or non-proof coins being uncirculated without damage respectively.
How much can you put in a gold IRA?
Seeking a reliable custodian & depository to securely transfer and store physical metals in accordance with IRA regulations? Contributions are limited on an annual basis while rollovers from existing retirement accounts can be conducted without restrictions as long as paperwork and the IRA retirement account are transferred properly. Accurate Precious Metals makes this process simple and stress free.
What are the rules for gold IRA?
Investing in a Gold IRA comes with various rules and regulations that should be considered before making any decisions. Eligible metals include gold, silver, platinum, and palladium which all need to meet specific purity standards set by the IRS. A qualified custodian & depository is needed for transferring and holding physical metals as well as ensuring compliance of IRAs with applicable laws. Contributions have limits per annum while rollovers from existing retirement accounts there are no limits. Lastly, there are certain distribution rules governing when & how much money may be taken out depending upon individual circumstances – so do look into them carefully beforehand!