A gold IRA rollover is when you decide to move a retirement account over to a self directed IRA that holds precious metals. You can rollover your accounts to a gold IRA that can hold gold, silver, platinum or palladium coins and bullion. You can rollover a 401k, 403b, 457b, or TSP into a self-directed IRA that holds IRA approved metals. You can also transfer your assets from a traditional IRA or a Roth IRA to a self-directed IRA that will hold your precious metals.
There are two different types of rollovers. A direct rollover is when your existing provider makes a direct transfer of your proceeds to the custodian for your gold IRA, or when they send you a check that is payable to the new custodian of the self directed IRA. The other type of rollover is an indirect rollover where your existing provider will send you a check to deposit into your bank account. You will then need to re-deposit the funds that were added to your bank account into your new IRA within 60 days or you will incur a 10% IRS penalty.
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.
We highly recommend that you choose one of these gold IRA companies to help you setup an IRA to hold your precious metals. If you need to rollover funds to your new self directed IRA, then these gold IRA companies can help you with the process. They can also help you purchase precious metals and even transfer those precious metals over to an IRA approved depository.