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 third 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.
Do I need to invest all the money in my Gold IRA at once?
No. Once you have set up your Gold IRA, you can transfer or rollover the funds from an existing IRA or other retirement plans. You can leave that money in cash until you are ready to make a purchase. At any time you can invest as much or as little as you want to keep the balance in cash or even investing it in other assets.
Can I use my ROTH IRA to buy gold?
Yes. A ROTH IRA can own gold and IRA eligible precious metals just like any other IRA including a traditional IRA, SEP-IRA, SIMPLE IRA, Inherited IRA, Rollover IRA, and Spousal IRA.
What is a Gold IRA?
A Gold IRA can be a Traditional IRA, a ROTH IRA, a SEP-IRA, a SIMPLE IRA, or and Inherited IRA that is self-directed and owns IRA eligible physical gold coins or gold bars.
What is a Silver IRA?
A silver IRA is also a Traditional IRA, a ROTH IRA, a SEP-IRA, a SIMPLE IRA, or and Inherited IRA that is self-directed by the account holder and owns allowable forms of physical silver coins or silver bars. Many precious metals IRAs own a mix of gold and silver.
What is a Palladium IRA?
A Palladium IRA is a form of a self-directed IRA or Precious Metals IRA that is invested in certain allowable types of physical palladium coins or palladium bars.
What is a Platinum IRA?
A Platinum IRA is an IRA with some of all of its assets invested in IRA approved forms of Platinum bullion. A Platinum IRA is generally set up through a self-directed IRA custodian.
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.