IRA INVESTMENT Â FAQ
CAN I TAKE PHYSICAL POSSESSION OF THE METALS?
Yes. However taking physical possession of your metals is considered a distribution. Like any distribution, taxes and/or early withdraw penalties may apply. You can keep your metals in the depository, within your IRA Penalty Free and Tax Free. At the age of 59.5 or older, you can take possession without any penalties.
WHAT IS THE MINIMUM FOR A PRECIOUS METAL IRA?
The minimum is $5,000 or $10,000, depending on the custodian you choose.
ARE THERE SPECIFIC TYPES OF METALS ALLOWED IN THE IRA?
Yes. Gold, Silver and Platinum. You can choose American Eagle Proofs or certain Bullion coins that meet IRS requirements.
ARE THERE ANYÂ PENALTIESÂ AND TAXESÂ IF I TRANSFER OR ROLLOVER INTO A PRECIOUS METAL IRA?
No. You can transfer and/or rollover any qualified retirement account, Tax Free and Penalty Free. You are simply transferring assets from one qualified retirement plan to another.
IS THE ACCOUNT TRANSFER A LONG PROCESS?
No, although each application is unique and can vary, the process is typically complete in 2 weeks. An experienced account executive can help you complete the documents for a smooth secure process.