Investments can be funded in a number of different ways. A Gold IRA is an account which allows you to invest for your retirement either on a tax deferred basis (Traditional IRA) or with tax free growth (Roth IRA). There are tax advantages with both Traditional and Roth IRAs and the type you choose will be determined by the way in which you prefer to fund your account. If you prefer to discuss this with a retirement specialist call 1-855-682-1046 or request your free gold investment guide by completing the form on the right of this page.
You may wish to invest in a Gold IRA using funds which you have already paid tax on. In this situation you should invest in a Roth IRA, not a Traditional IRA. If you invest in a Roth IRA with money which you have already paid tax on then you can benefit from your retirement investment growing tax free and receiving tax free income from your Gold IRA fund in retirement. This is especially beneficial if you are paying a low rate of tax now and estimate that your tax rate will be higher by the time you retire.
Investing in a Gold IRA can also be tax deferred if it is funded from your current income pre-tax. With this type of IRA you can invest into your retirement account and those contributions can normally be deducted on your IRS tax return. The earnings from your Gold IRA can then grow tax deferred until you receive your distribution when you retire. This type of IRA is particularly advantageous to those who find themselves in a lower tax bracket after they retire because their distribution from their retirement fund will be taxed at the new low level.
401K Rollover is a very popular way to invest in gold for your retirement. There are three different situations which allow you to make a 401K rollover. This option is available to you when you retire, when you reach the age of 59½ years old or after you have left your employment where you have a 401K. Most people prefer to make a 401K rollover as soon as they leave the employer but it can also be made any time after you have left. A 401K rollover must be done as a direct transfer from the old custodian to the new custodian of your IRA account. Take a look at the 401K Rollover Guide.
An IRA rollover from an existing IRA to a Gold IRA can be arranged at any time. If you choose to rollover the entire funds from your existing IRA you can collect the distribution from that retirement fund and then deposit the whole amount into your new IRA. This is very easy to do but you must place those funds into your new account within 60 days to maintain the tax deferred status of your retirement funds. If you prefer to discuss this with a Gold IRA specialist call 1-855-682-1046 for advice.
Transferring part of an existing IRA is also very quick and easy to do. This must be arranged as a direct transfer from the custodian of your existing IRA to the custodian of your new IRA. We have organized many hundreds of similar transfers for our customers in the past. To arrange for a transfer or if you have any further questions it would be best to speak with one of our Gold IRA specialists by calling 1-855-682-1046 Monday to Friday 7:00am to 6:00pm PST or request your free gold investment guide by completing the form on the right of this page or Contact Us.