Gold IRA Retirement Plans. Why a traditional IRA or 401K should be converted to a Gold IRA. The IRA and 401K rollover guide helps your retirement planning to enable you to maximize your retirement fund. How much do you need to invest in your Gold IRA to allow you to retire? What are the Gold IRA rules? What are the Gold IRA contribution limits? Are you saving enough for retirement?
Tax Effective Gold Investments
A precious metals retirement plan is the ultimate way to invest for your future while reducing the volatility of your overall portfolio. It gives you the most tax effective way to include bullion bars and bullion coins within your retirement plan. Tangible precious metal assets such as gold will help the profitability and stability of your retirement fund.
If you have an existing retirement plan (IRA) you have the option to transfer funds to a new precious metals retirement plan. This can be done at any time and there are no penalties or tax ramifications when doing this as long as it is a direct transfer from your existing custodian to the custodian of your new precious metals retirement plan. These transfers can be made as frequently as you wish.
IRA and 401K rollovers
Another option is a rollover which happens when you receive the funds from your existing retirement plan, or a 401K form a previous employer and then deposit them into your new precious metals retirement account. It is very important to make sure that you re-deposit the funds within 60 days to avoid the liability of penalties and taxes. You are permitted to rollover the same funds a maximum of once per year while still retaining tax deferred status.
Any traditional IRA or Roth IRA can be very easily rolled over into a precious metals retirement account. A traditional 401K or Roth 401K from a previous employer is also very simple to rollover. If you have an existing 401K with your present employer or any other type of retirement plan it would be advisable to speak with one of our Gold IRA investment guide Account Executives to see if it is possible to roll it over into a precious metals retirement plan. Alternatively, fill out the “Free Gold Investment Kit” request on the right of this page and we will call you to confirm and answer any questions you may have.
Storage of your inventory
The inventory in your Gold IRA will be stored in a government approved depository of your choosing and you can take possession of it at anytime. It is important to note that the IRS deems these precious metals as cash so if you were to take delivery of them before you reach the age of 59½ you would be obliged to pay the appropriate taxes and penalties.
Receiving physical product
Having a precious metals retirement plan does not restrict you from buying other precious metals outside of your Gold IRA. In fact you are able to order from a much wider range of products and have them delivered directly to your door. This can be advantageous if you want to buy additional products such as rare gold coins to add to your portfolio for even more diversification.
Taxation on rare coins
Rare coins are one of the very few remaining assets in the US which do not require disclosure to the IRS when purchasing or selling which is another very good reason to add them to your portfolio. Additionally, there are usually no restrictions as to the quantity or value of precious gold coins you are allowed to travel abroad with.