1. Common Types of Retirement Plans that May Qualify
A tax-advantage arrangement that allows earnings and deductible contributions to grow tax- deferred. No income taxes are paid on the earnings and deductible contributions until withdrawals are made.
Individuals may transfer an existing Traditional IRA to a qualified gold IRA with no penalties
A retirement arrangement that allows earnings and deductible contributions to grow tax-free. All of the tax benefits associated with a Roth IRA happen when withdrawals are made: withdrawals, subject to certain rules, are not taxed at all. There are no tax benefits associated with contributions because all contributions to a Roth IRA are made with after- tax monies.
Individuals may transfer an existing Roth IRA to a qualified gold IRA with no penalties.
401(K) & OTHER EMPLOYER-SPONSORED PLANS
An employer-sponsored retirement plan that allows employees to save for retirement while deferring income taxes on the earnings until withdrawal.
Individuals may, in some cases, convert an employer-sponsored plan into a gold IRA
2. Frequently Asked Questions about Precious Metal IRAs
U.S. Gold, Silver, and Platinum America Eagles coins, as well as certain other bullion coins or bars that meet IRS requirements. Please call us for more detail.
The initial transfer must be $5,000 or greater.
Each application is unique and may vary. On average, the process is completed in two weeks. Using your existing IRA information, we will help you complete the paperwork.
No. If you purchase gold or silver within your existing IRA you will not take possession of the metal. It is stored at an insured, regulated depository in your name. Once you reach the age of 59 1/2 you may then take delivery without penalty.
No. There are no tax implications for transferring assets from one qualified retirement plan into another.
On Average, the establishment fees are $250. These fees are solely based on the amount being transferred.
Once you have established an interest in a Gold retirement plan, call your Gold Wealth Management representative at (800) 352-9357. They will answer any questions you may have.