In this series we will discuss the most frequently asked questions we get on a regular basis from our clients regarding Precious Metals IRA’s. This is the fourth video in this series. Please make sure you watch the remaining videos in this series - they should help answer some of your questions about diversifying into the precious metals markets.
I only want to move part of my IRA to precious metals. Can I use only part of my IRA funds?
Yes. Many clients elect to do a partial IRA rollover to a Gold IRA. You may elect to move only a portion of your IRA or retirement account to a Gold IRA. Note: individuals are allowed to have multiple IRAs and divide their IRA assets among different custodians.
Can I own rhodium in my IRA?
No. Rhodium is not an authorized IRA precious metal.
My IRA custodian doesn’t offer gold. Do I have other options?
Yes. You can move your IRA to a self-directed IRA custodian who does offer gold as an investment. Most reputable precious metals firms work with virtually all self-directed IRA custodians offering gold and can help you initiate a tax-free transfer or rollover to a new custodian. There is no limit on the number of direct IRA transfers from one IRA custodian to another that you can initiate.
I have a retirement plan at work. Can I use it to buy gold?
If you have a retirement plan from a previous employer or if you are retiring or changing jobs, you can roll the funds from your employer plans such as a 401(k), 403(b), 457(b), or TSP into a self-directed IRA to purchase precious metals. If you are still employed with the employer offering the plan, you should check with your plan administrator to see if you are eligible to roll some portion of your plan over to an IRA. Some employers offer employees the ability to move a portion of their retirement plan to an IRA while still employed.
Thank you for watching this video in our series on Precious Metals IRA’s. We hope you found it informative. Please make sure you watch the remaining videos in this series - they should help answer some of your questions about diversifying into the precious metals markets. You can always find more information on this topic, as well as other important information on the precious metals markets by visiting our website linked in the description below.