Precious metals are an efficient and simple way to diversify a retirement portfolio. Gold and silver can be a balancing asset to even-out portfolio risk, in particular over the long term. Precious metals help protect against inflation, making it a smart choice for retirement investments. Establishing a self-directed IRA with gold is easy, but it’s important to understand the distinctions between a Self-Directed IRA account with gold than those that hold assets such as stocks, bonds, and notes.
Most retirement funds are held in a Traditional or Roth IRA or a 401(k) and typically include stocks, mutual funds, bond, and annuities. Physical gold and other precious metals may only be purchased through a Self-Directed IRA. With a Self-Directed IRA, the investor is authorized to make his or her own investment decisions from a much more extensive range of products, including gold, silver, platinum and palladium.
Often called a Precious Metals IRA or Gold Backed IRA, a self-directed IRA with gold provides the opportunity to buy:
For a coin or bar to be purchased in a Precious Metals IRA, each product must meet very specific fineness or purity requirements as determined by the IRS. This ensures the investment will leverage the tax benefits an IRA provides.
Funding a Self-Directed IRA
Like any IRA, to fund a self-directed IRA with gold you can make the allowable contributions or rollover or transfer funds from an existing retirement account. Currently, First National Bullion accepts transfers or rollovers from the following account types:
- Traditional and Roth IRA’s
- SEP and Simple IRA’s
- Thrift Savings Plans (TSP)
- Deferred Compensation Plans
Additionally, we accept new account and annual contributions with a minimum of $3,500.
Precious Metals IRA Storage
The IRS requires that the precious metals held in your new Self-Directed IRA be held in custody by an IRS approved trustee that is in charge of administering your IRA. This means that your metals must be stored at one of a handful of approved precious metals depositories located across the country, typically in Deleware, Utah, or Los Angeles.
Diversify your investment portfolio with precious metals to help protect and grow your hard-earned assets by calling (800) 745-7979 today.