Are you looking to safeguard your retirement savings against the uncertainties of the financial market? Consider the incredible potential of Precious Metals IRA's. In a world of ever-changing economic landscapes and volatile investment options, precious metals like gold, silver, platinum, and palladium have stood the test of time as reliable and valuable assets. A Precious Metals IRA allows you to diversify your retirement portfolio, providing a stable and tangible hedge against inflation, currency fluctuations, and geopolitical risks. With their historical track record of preserving wealth, precious metals IRA's offer a compelling opportunity to secure your financial future. Discover the undeniable advantages of incorporating precious metals into your retirement strategy and embark on a path towards greater stability and long-term prosperity.
Precious metals such as gold, silver, platinum and pallidium can help you mitigate risks. Gold is often used to hedge against inflation. For the last 20 years, gold outperformed the S&P 500, bonds, and oil, according to J.P. Morgan Asset Management. Gold and other metals can also offer liquidity within your account, meaning they can readily be converted into cash should the need arise.
Precious Metals Individual Retirement Accounts (IRA's) offer tax-deferred or tax-free growth, which means that investments made using an IRA may grow to be larger than similar investments made outside an IRA. To invest in a “Gold IRA” or invest in other precious metals in an IRA, certain requirements must be met. Here are the answers to frequently asked questions about gold and other precious metals in an IRA.
Precious Metals in an IRA: What to Know
What is a Precious Metals IRA?
A Precious Metals IRA is simply a Traditional, ROTH, SEP, SIMPLE, Rollover, or Inherited IRA that owns precious metals and may include gold, silver, platinum, or palladium. IRA Holders have been allowed to use funds in their IRA account to purchase approved precious metals since 1998 after the passage of the Taxpayer Relief Act of 1997. This act expanded the investment options for IRAs beyond paper assets.
What kinds of precious metals can a Precious Metals IRA hold?
A Precious Metals IRA can own four types of precious metals: gold, silver, platinum, and palladium. IRA gold is limited to 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce Gold American Eagles (Uncirculated or Proof) or other gold products (coins or bars) with a minimum purity of .995%. To qualify for an IRA, silver must be at least .999% pure; and both platinum and palladium must be at least .9995% pure.
Is a Gold IRA the same as a gold certificate?
No. A gold certificate is simply a piece of paper that can be redeemed for physical gold. If you have a precious metals IRA, your IRA directly owns physical bullion bars or coins that you select and order directly.
Why do I need to transfer or rollover my IRA to buy gold?
Any IRA is legally allowed to purchase gold and precious metals. However, a majority of the major custodians such as Charles Schwab, Merrill Lynch, and JP Morgan Chase do not offer physical precious metals as an investment option. Most traditional custodians are structured to only hold paper assets and structured as managed funds. Physical precious metals is a self-directed investment and generally requires a custodian that offers self-directed IRA investments. If your custodian does not offer precious metals as an investment option, we can help you initiate a rollover or direct transfer to a custodian who does. A rollover or direct transfer is a non-taxable event.
Why do people diversify their portfolios with precious metals?
Providing diversification and liquidity with no credit risk, gold can be especially attractive during periods of increased market volatility. Many investors choose to diversify retirement portfolios with alternative assets that are not correlated to the stock market.
Can I buy physical gold for my IRA?
You can buy gold coins and gold bullion bars, silver, palladium, and other precious metals that meet certain fineness requirements with your IRA.
What are the requirements for metals in a retirement account?
Metals must be produced by manufacturers accredited by NYMEX/COMEX, LME, BMA, NYSE/LIFFE/
CBOT, and ISO-9000, or a national mint to be held in a retirement account.
A Precious Metals IRA Rollover is as easy as 1 - 2 - 3 with GMRgold
A little-known fact in the IRS regualtions for retirement accounts allows for gold, silver, platinum, and palladium american eagle coins to be held in a precious metals iraan official IRA. Anyone can roll over an existing IRA or 401k into a Precious Metals IRA that lets you buy and sell physical precious metals to diversify your portfolio while benefitting from the tax advantages of a traditional IRA. Many concerned Americans are flocking to the historical safety and protection of the only real money, gold and silver, to secure their financial future.
You Can Contact your GMRgold directly to assist in opening your new Precious Metals IRA or you can do it yourself by following the Application Wizard at trustetc.com/get-started/ .
1. Select your IRA Custodian. GMRgold GMR Gold has a long-standing relationship with Equity Trust Company, the largest custodian of Retirement Accounts in the United States. You are welcome to use Equity or any other custodian that allows Precious Metals as an asset in an IRA. Simply go online to trustetc.com/get-started/. Click on OPEN AN ACCOUNT and follow the prompts. (Have your most recent 401K or IRA statement available to complete the application) Make sure to name GMRgold GMR Gold as the Broker Dealer on the OPTIONAL AUTHORIZATION FORM. Our dealer number is 34407. Select the portion of the funds you would like to transfer to your Equity Trust Company Precious Metals IRA. This can be partial or total. To speed up the process you may contact your resigning custodian and have them liquidate the current assets and replace them in your account as cash to be transferred.
2. Once the account is open and Equity Trust facilitates the transfer of the funds to your new Equity Trust Precious Metals IRA, they will notify you that the account is funded. You would then contact your Portfolio Manager at GMRgold GMR Gold and determine the best form of Precious Metals from the Internal Revenue Approved Products list, to put in your account. Your metals will be stored at a Federally Insured Depository until such time as you wish to begin to draw them out.
3. Once the account is open and Equity Trust facilitates the transfer of the funds to your new Equity Trust Precious Metals IRA, they will notify you that the account is funded. You would then contact your Portfolio Manager at GMRgold GMR Gold and determine the best form of Precious Metals from the Internal Revenue Approved Products list, to put in your account. Your metals will be stored at a Federally Insured Depository until such time as you wish to begin to draw them out.