Protect your wealth with a Precious Metals IRA
A precious metals IRA is an individual retirement account that can include physical gold, silver, platinum, and palladium metals.
When metals are added to an IRA with the American Gold Co., they are stored in an IRS approved precious metals depository until distributions are taken. Various investment types can be added to a precious metals IRA, such as stocks, mutual funds, real estate, mortgages, and others.
3 STEPS TO A PRECIOUS METALS IRA
Create an account.
The first step is establishing your new Precious Metals IRA account. Advanta IRA has over 20 years in the industry, providing exceptional administrative services and ensures the elements of your self-directed investment accounts comply with all IRS rules and regulations.
Fund Your Account.
Transfer funds from your bank or retirement account to your new custodian account. This money is designated for purchasing your precious metals.
Select Your Metals.
Upon completion of the paperwork and funding of your new account, you may now choose your precious metals. Once you have selected the metals for your new IRA account, we will promptly deliver them to your designated precious metals depository.
Why Choose a Precious Metals IRA?
While we offer valuable information, consulting a financial advisor or accountant is recommended. Our content is not investment advice.
Consider a Precious Metals IRA for its tax advantages, adaptability, and ability to buffer against market fluctuations. Whether you opt for a traditional or Roth IRA, you are heading towards a more stable future.
Ready to Get Started?
You can access the quick and easy self-directed IRA application by clicking the Advanta IRA link below.
Please Note: With the online application, your information must be entered and submitted in one sitting. You will not be able to save your information and finish at a later time. Please be sure to complete the application in its entirety once you begin.
Questions? Call Us: 877-523-4IRA (4472)
We Are Here to Help
- Our self-directed IRA custodian partners assist in setting up new IRAs and managing 401(k) rollovers or transfer of existing assets.
- We ensure careful handling of IRA transfers or rollovers to avoid triggering a major tax event on your savings.
- IRA custodians provide seamless and correct guidance for transfers or rollovers.
Precious Metals IRA FAQs
What precious metals products are NOT approved for IRAs?
To qualify as an IRA-approved product, precious metal must meet minimum fineness levels. Minimum fineness for gold is .995, silver is .999, platinum is .9995, and palladium is .9995. The American Gold Eagle is the only exception to the rules. Any other products that fall outside of these ranges are not approved for IRA contributions.
Can I rollover or transfer an existing IRA to a self-directed precious metals IRA?
Your self directed IRA custodian can assist in arranging the rollover or transfer of your existing IRA into a precious metals IRA. We do not provide setup assistance but can suggest custodians for further guidance.
How long does it take to rollover an existing IRA/401k?
This will vary based on which custodian you choose. If you are using New Direction Trust Company it can take 1-2 business days to open your account once they receive your application. After your account is set up you will then have to fund it which can take up to several weeks.
Once I receive my old 401k funds how long do I have to deposit them into my new precious metals IRA?
In the case of a 401k rollover, your funds are generally paid directly to you. Once you have the funds in your possession you have 60 days to transfer them into your new self-directed IRA account. If you do not do so within this 60 day period you may be required to pay taxes. In order to fully understand these rules we recommend talking to a tax advisor before transferring any IRA funds.
Am I allowed to have more than one IRA?
An individual can have multiple IRA accounts, but the total yearly contribution remains the same maximum regardless of the number of IRAs.
How long after you ship my metals will they be in my account?
Once your order is processed and payment is received, the metals typically ship within 1-5 business days. Delivery times may vary based on the carrier and mail service, with an additional 1-5 business days for arrival.
Are my metals insured at the depository?
Once your precious metals arrive at the depository they will be fully insured. As an added protection, we also insure each mailing we ship out in the very rare occurrence that a package becomes lost or damaged.
How do I know my metals are actually there?
Most all depositories, including First State Depository, provide full accounting and reporting services to insure your metals are safe and accounted for.
What sorts of tax benefits will I see by investing in precious metals through an IRA?
Investors can expect to see significant tax savings by investing in precious metals using an IRA vs. investing outside an IRA. Please see the section above to learn about the tax benefits of using a traditional or ROTH IRA to invest in physical precious metals.
Are there any IRA contribution limits?
Yes, you may be subject to IRA contribution limits depending on your type of IRA and income levels. Please consult with your IRA custodian to learn of any contribution limits you may be subject to.
If I invest with an IRA, do I still receive the physical precious metals?
No. As part of the IRS’ rules regarding precious metals IRAs, we, as the dealer, MUST ship the products to an approved IRA depository, who then holds the metal until the time you are ready to liquidate the position.
Will I ever be able to take physical delivery of my metal?
You can liquidate or take possession of your metals at any time, however this is considered a distribution and there may be tax implications involved. We recommend speaking with a tax professional before making this decision.
Why would I invest in a self-directed precious metals IRA instead of investing in an ETF like GLD?
We do not provide investment advice, but many of our clients prefer self-directed precious metals IRAs because they are backed by real, physical, metal, vs. an ETF like GLD which is only backed by a pool of gold holdings and positions.
What are typical custodian and storage fees?
Fees vary depending on the size of your account and the metal holdings in your depository. Please contact either your IRA custodian or your depository of choice to learn more about fee structures.