Frequently Asked Questions
| Question | Answer |
|---|---|
| Is a Precious Metals IRA Legal? | Yes, it is completely legal to buy and sell Gold, Silver, Platinum, and Palladium within an IRA account, as long as you do it the right way — and we can show you how. |
| Is this IRA backed with real Gold and / or Silver? | It's not just "backed" by real metal; it IS real metal. With our Precious Metals IRAs, you will own physical gold and silver coins and bars. |
| What Is the Precious Metals IRA Process, and How Long Does It Take? | During the rollover process, we will work directly with you to set up an account and transfer funds from an existing IRA. We can also help you set up a brand new account. Depending on your current custodian, the process can take as little as 10 days. |
| Are There Risks in Owning Precious Metals in My IRA? | Yes, all investments involve risk, and precious metals are no exception. As with all investments there is risk, and the past performance of a particular asset class does not guarantee any future performance. The United States Gold Bureau, its principals, and representatives, do not guarantee to clients that they will realize a profit or guarantee that losses may not be incurred as a result of acquiring precious metals or following its precious metal recommendations. |
| Can I Rollover an Existing Account Into My Precious Metals IRA? | Yes, you can roll over assets from an existing IRA or a previous employer's 401(k) or in some circumstances, a portion of your current employer's 401(k). Your specialist will be able to provide guidance for your specific situation. |
| How Do I Setup a Precious Metals IRA? | Please talk with an Account Executive from our dedicated Retirement Services Division. They will walk you through the whole process and, in most cases, can fill out the application with you while you both are on the phone. We make it easy — and ensure that there are no unnecessary penalties or fees. |
| Why Hasn't My Regular Financial Advisor Told Me About All This? | Your advisor will mostly offer investment services that they can control, which is understandable, but traditional advisors can't work with physical precious metals. We are not here to replace your advisor; we are here to protect and preserve your purchasing power. In fact, we can work hand-in-hand with your financial advisor since we both have the same concern — the security of your long-term investments. |
| When Is a Good Time to Invest in a Precious Metals IRA? | The decision to invest in precious metals depends on your specific circumstances and is a personal decision. Many of our clients enjoy the benefits of diversification within their overall IRA account by having an appropriate allocation to physical metals. |
Terms To Know
We get it. When it comes to retirement there's a lot of jargon to weed through. Sometimes keeping up with what it all means can be frustrating. Here are some definitions to IRA terminologies.
| Term | Definition |
|---|---|
| 401(k) | A 401(k) plan is a qualified plan that includes a feature allowing an employee to elect to have the employer contribute a portion of the employee's wages to an individual account under the plan. |
| 403(b)/TSA | A 403(b) plan (also called a tax-sheltered annuity or TSA plan) is a retirement plan offered by public schools and certain 501(c)(3) tax-exempt organizations. Employees save for retirement by contributing to individual accounts. Employers can also contribute to employees' accounts. |
| 457(b) | Plans of deferred compensation described in IRC section 457 are available for certain state and local governments and non-governmental entities tax exempt under IRC Section 501. |
| SIMPLE 401(k) | A subset of the 401(k) plan is the SIMPLE 401(k) plan. Just like the SIMPLE IRA plan, this is a plan just for you: the small business owner with 100 or fewer employees. However, just as with the SIMPLE IRA plan, there is a two-year grace period if you exceed 100 employees, to allow for growing businesses. |
| SIMPLE IRA | A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan. |
| TSP | The Thrift Savings Plan (TSP) is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans. By participating in the TSP, Federal employees have the opportunity to save part of their income for retirement, receive matching agency contributions, and reduce their current taxes. |
Sources: Types of Retirement Plans, TSP
Although we do our best to inform you about the Retirement Services we offer, we highly encourage you to talk to our Retirement Service Representatives. We would be able to answer any questions that might be on your mind, and help you figure out the best way to strategize your precious metals assets.