A gold IRA rollover is the process of moving a retirement account to a self-directed IRA that holds precious metals. The self-directed IRA can hold gold, silver, platinum or palladium. This new IRA is commonly referred to as a gold IRA, even if it contains a different metal. You can rollover a 401k, 403b, 457b, or a TSP into an IRA that can hold any of these precious metals. You can rollover your retirement account to a gold IRA by using one of these two methods.
The most popular method is a direct rollover where your current provider will make a direct transfer of the proceeds from your retirement account to the custodian that will handle your gold IRA. This method takes you completely out of the loop, and makes it easy to move your funds over to the self-directed IRA. You won’t need to worry about missing any deadlines.
The other option is an indirect rollover where your current provider will send a check to deposit directly into your bank account. You will then be responsible for moving the funds over to the custodian of your self-directed IRA. The issue with this method is that the IRS only gives you 60 days to move all of the funds into the new IRA. If you are just one day late to move the funds over to your new self-directed IRA, then you will incur a 10% penalty from the IRS.
Benefits of Gold Investing:
Benefits of Silver Investing:
Moving your retirement account over to a gold IRA has its benefits. You should diversify your portfolio to protect against losses if their is market instability or a major financial crisis. We recommend that you hold at least 10% to 20% of your retirement assets in precious metals to safeguard your investments. A gold IRA rollover can get a bit complicated when moving funds between two accounts and that is why we recommend that you work with an IRA company.
GoldCo is an A+ BBB rated company in California that offers IRA approved precious metals. They are professionals that can help you roll over your IRA into gold or silver, find the best custodian for your precious metals, and then ship your metals directly to a depository. GoldCo has 16+ years of experience helping customers setup a gold IRA.
Birch Gold Group is an A+ BBB rated company in California that offers a wide range of IRA approved metals. They offer various storage locations from Equity Trust, Goldstar Trust and STRATA Trust. They have 15+ years in the business and over 7,000 satisfied customers. They are a trustworthy gold IRA company that offers 1-on-1 care.
These gold IRA companies are highly recommended. They can help you rollover your 401k or other retirement accounts to a gold IRA. After the gold IRA is setup, they can also help you purchase IRA approved precious metals for your account. They can even transfer all of your precious metals over to an IRA-approved depository. These companies have the knowledge and experience to rollover your 401k or other retirement accounts to a self-directed IRA.