IRA Rollover Rules & Regulations

Purchasing precious metals with an IRA needs to be performed in conformity with the Internal Revenue Service (IRS) rules and regulations, which is why it is necessary to work with a company that has an excellent record dealing with these kinds of accounts.

A Gold IRA is basically a self-directed IRA that is used to invest in physical bullion coins and also bars. You may open up a Gold IRA directly, or you could rollover or transfer funds from a previous pension (e.g. 401k, SEP, TSP, 403b, and so on.) right into a new Gold IRA.

Gold IRA Rollover VS Transfer

“Transfer” is your first alternative. This is something you could do at any time with your existing IRA, as long as the assets go from custodian to custodian. In a straight transfer, the money moves directly from one IRA custodian to another. This requires that the distribution check from the old IRA custodian to be made out in the name of the trustee or custodian of the new IRA account that receives the funds. Transfers may be made as often as you want.  A highly recommend company that can assist with this process is Regal Assets, who have organized thousands of these types of transfers for their customers.

A “Rollover” is your second alternative. A rollover happens when “you” get the distribution from your existing retirement account, and deposit it into another retirement plan custodial account. In this instance you would be required to re-deposit the funds directly into the new retirement plan account within 60 days. If the 60 day time period is exceeded, you would be liable for taxes and penalties on the money withdrawn. You may roll over the same money only once every 12 months to preserve the tax-deferred status of your retirement savings.

Want to get started with your Gold IRA today? Simply follow the instructions on this link IRA Account Setup. Or call to talk to an IRA investment specialist.

Qualified Bullion Coins and Bars

The IRS states that only metals of high purity are eligible for inclusion in an IRA, such as the American gold eagle or the Canadian gold maple leaf. Collectible coins as well as numismatics are not included. For a comprehensive list of IRA-approved products that you can purchase, please see Regal Assets bullion section. Or call to talk to an IRA investment specialist who can recommend the best coins and bars.

Questions? Speak with an expert on +1 855 338 1588

* If you’re interested in a rolling over your IRA or 401k, get more information here >>  Get Your Free IRA Kit.