Precious Metal Investment FAQs
Complete Guide: FAQs
Precious Metals IRA
How do I set up a Precious Metals IRA?
Setting up a Precious Metals IRA is quick and easy, even if you have an existing 401k, TSP account, Roth IRA, or any other qualified plan. Here’s how to do it in three simple steps:
Complete the Application: Start by filling out the necessary application forms to open your self-directed Precious Metals IRA.
Transfer or Rollover Funds: Transfer or roll over funds from your current retirement plan (such as a 401k, TSP, or Roth IRA) into your new Precious Metals IRA.
Purchase Precious Metals: Choose and purchase the precious metals you’d like to include in your IRA.
Contact us today to speak with one of our specialists to get personalized assistance on opening a self-directed Precious Metals IRA.
What is the tax advantage of a Precious Metals IRA?
A Precious Metals IRA receives the same tax treatment as the IRA type it’s established under. Traditional IRA contributions may be tax-deductible, and earnings grow tax-deferred. Roth IRA contributions are made with after-tax money, and qualified withdrawals are tax-free. Consult your tax advisor or accountant about how these rules apply to your circumstances.
How is a Precious Metals IRA different from other IRAs?
A Precious Metals IRA allows you to own physical, tangible gold, silver, and/or platinum. Upon distribution, you have the option to either liquidate the metals and receive the funds or take delivery of the physical metals. In contrast, most other retirement funds held in conventional IRAs, TSPs, or 401ks typically include stocks, mutual funds, bonds, and annuities.
What is a Precious Metals IRA?
How does Precious Metals storage work?
The physical metals you purchase for your IRA must be held by an IRS-approved custodian responsible for administering your IRA. These metals are stored in a licensed, insured depository. Your self-directed IRA gold and other precious metals will be securely moved to a designated depository of your choice, managed by your custodian. This ensures the safety and compliance of your investment with IRS regulations.
Are my metals insured while they are stored at the depository?
Where are my metals stored?
Purchase Precious Metals
How do I buy Precious Metals?
There are two ways to buy precious metals:
- Direct Purchase: Have the metals shipped to you or store them in a secure vault.
- Precious Metals IRA: Open a Precious Metals IRA and include physical metals in your retirement account.
How do you ship Precious Metals to my home?
How do I store Precious Metals in a secure vault?
Metals are primarily stored in depositories in the United States. Contact American Alternative Assets to find a storage location that fits your needs.
How do I buy Precious Metals in my IRA account?
- Call our specialist to open your IRA.
- Transfer or add funds to your IRA.
- Choose IRA-eligible precious metals to include into your IRA.
Pricing and Cancellation Policy
What is your refund/cancellation policy?
Can I lock in the price now and decide later if I want to buy?
