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IRA Frequently Asked Questions

Review common Gold IRA questions below. Call us at any time.

General Questions

What can I hold in a self-directed IRA?

The flexibility of a self-directed IRA allows you to hold traditional assets, such as stocks, bonds, mutual funds, and CDs, as well as a variety of alternative assets, including precious metals, real estate, private equity, oil, and even franchises.

Which retirement plans are eligible for a self-directed precious metals IRA rollover or transfer?

The following accounts are eligible for a self-directed precious metals IRA rollover or transfer: traditional IRA, Roth IRA, SEP IRA, TSP (Thrift Savings Plan), 401(k); 403(b), 457, and select pension plans and tax-sheltered annuities. Select accounts must be from a previous employer or for individuals age 59 ½ or older. You should consult your own tax advisor to determine your eligibility.

Are there any tax consequences for transferring/ rolling over my existing IRA into a precious metals IRA?

No. A direct transfer is a tax-free process and requires no IRS reporting with no limits on the number of transfers performed. There are no tax penalties for rolling over part or all of your current retirement plan—as long as you complete the process in 60 days and roll over funds only once every 12 months.

How long does the setup process take?

Your IRA Account Executive will walk you through our fast and easy sign-up process every step of the way. First, we’ll assist you in completing your application. We’ll then coordinate with your new IRA custodian to set up your IRA account (typically within 24 hours) and facilitate the transfer of funds from your old custodian. While the amount of time it takes may vary, funds can take an average of five business days to transfer. Once setup is complete, we’ll reach out to you to secure your physical precious metals and arrange delivery to the depository.

How are my precious metals shipped?

All packages are shipped registered and fully insured. U.S. Money Reserve takes full responsibility for all precious metals orders until they are received and fully accounted for by the depository for secure holding.

Do I have access to my precious metals?

Absolutely. Securing your precious metals held in a self-directed IRA is of utmost importance. At a third-party storage facility, you are the sole owner and holder of your physical precious metals. Most major depositories offer you the benefit of visiting and inspecting your metals on-site anytime.

When will I be eligible for distributions?

If you are at least age 59 ½, you are eligible to take penalty-free distributions from your self-directed precious metals IRA. Any funds withdrawn before that age could be subject to additional taxes and penalties. Required Minimum Distributions begin at age 70 ½ (for those born before July 1, 1949) or age 72 (for those born after June 30, 1949).

What kind of fees are involved?

Through U.S. Money Reserve’s IRA program, we will pay your fees for the first year with a minimum rollover/transfer of $25,000 or upon opening a new account of $6,000 on select inventory.* A custodian will typically charge a one-time account setup fee and an annual account administrative or maintenance fee, while the depository will typically charge an annual fee for secure storage and insurance. Other transaction fees may apply. Your fees may vary based on the size of your account and the precious metals selected.

How do I liquidate a precious metals IRA?

The convenience of a self-directed precious metals IRA allows you to take distributions out of your plan by either taking physical possession of your precious metals or liquidating your metals for cash. U.S. Money Reserve is available to liquidate any and all precious metals we have provided to our clients, according to our liquidation policy. However, you will need to consult a tax professional prior to liquidation.

Can I buy precious metals outside of my self-directed precious metals IRA?

Yes. At U.S. Money Reserve, we hold a significant amount of inventory in our Main Vault Facility for individuals either looking to hold physical gold and silver as part of an IRA or to purchase tangible precious metals outside of a retirement account. Call your IRA Account Executive at 1-800-685-3400 to discuss your full suite of options.

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