A Self-Directed IRA allows you to purchase alternative investment vehicles including real estate and precious metals. Most traditional IRAs limit your portfolio to paper assets like stocks, bonds, mutual funds, and money market accounts.
Depending on your custodian, you’re most likely allowed to own gold bullion coins or bars. Check out this list of Gold IRA Custodians to confirm if your current trust company allows investing in precious metals.
It depends on the trust company you choose. But typically, there is a one-time set-up fee. A nominal buy/sell transaction fee. An annual custodial fee. And a storage and insurance fee. We recommend considering a trust company with a flat rate storage fee because it’s more cost-effective. Some will charge a sliding scale based on the value of your assets which can be very expensive.
You can only move funds if you qualify for an “in-service” withdrawal, which permits you to transfer a portion of your assets while still employed by the company that sponsors your retirement plan. Typically this option becomes available when you reach 59.5 years of age. Some investment plan sponsors don’t have an age limit, so contact them to confirm your options.
Once you’ve established your Self-Directed IRA, you simply call your investment plan provider and verbally initiate the rollover. They will then send a check to your new custodian or to you to forward to them. The best gold IRA companies will walk you through the entire process.
Yes. Contribution limits are the same for all IRAs. In 2021, you can contribute $6,000 per year to an IRA account, or $7,000 if you’re over 50 years of age. Once you reach 72, you can no longer contribute to a non-Roth account.
We always suggest precious metals held in US-based retirement accounts are stored domestically with a depository in compliance with Internal Revenue Code IRC-408n. CGE recommends investors avoid government-controlled storage facilities, including mints.
Not normally. Most websites that “review” gold IRA companies are paid to do so. They are most likely an affiliate that will recommend precious metals dealers that compensate them 3-6% of your gross account value for having done so.
There is no such thing as a “FREE” or “No Fee” Self-Directed retirement account. The gold company that’s offering the promotion is paying the fees on your account. They can do so because they over-charge for their metals. You always pay much more than you need to if you fall prey to free promotions.
A primary beneficiary is first in line to inherit your account should you pass away. A contingent beneficiary would be next in line to inherit the account should both you and the primary pass away simultaneously.
$500 Cash Rebate Program on Select US Mint Products
Fund your gold IRA by 9/1/2015 and you'll receive up to $500 cash back.
Callers receive expedited service and a free CGE golf cap.
The Certified Gold Exchange has suspended all walk in visitors until further notice because of our staff reluctance to be vacinated. Most team members are working from their homes and may meet with clients at their sole discretion.
To learn more about our policies on this matter, please call 1-800-300-0715 Ext. 303. Thank you.