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Home » How to Secure Your Retirement with a Gold IRA Rollover

How to Secure Your Retirement with a Gold IRA Rollover

Affiliate Disclosure: The owners of this website may be paid to recommend the following companies: Goldco, Augusta Precious Metals, Noble Gold Investments, Birch Gold, and Regal Assets. The content on this website, including any positive reviews of the mentioned companies, and other reviews, may not be neutral or independent.

gold IRA rollover

It’s no secret that people are living longer today than they were in previous generations. That’s great news, but it also means we need to start saving and investing early to make sure our nest eggs can support us later in life. However, many retirement accounts force you to sell your assets every year—including precious metals like gold and silver—which can erode the value of your investment portfolio over time. If you want to avoid these losses, you should consider using a gold IRA rollover so you can hold onto your valuable metals without worrying about penalties or taxes.

The Benefits of a Gold IRA Rollover

First, let’s talk about the benefits of investing in gold. As opposed to other precious metals, gold is more stable and can be stored for an extended period of time. In addition, it has been shown that gold has historically been one of the most effective ways to protect your money from inflation. What does this mean? Well, the value of your money won’t decrease over time as much as it would if you were holding on to another form of currency or something that is not tangible like stocks or bonds. A good way to secure your retirement and make sure you are financially safe when you retire is by transferring all or part of your 401K into a self-directed IRA account and rolling it over into physical gold bullion or coins.

When you put money into an IRS-approved self-directed 401k retirement account, you are not limited as far as where you put your money. Because of this, you can choose to invest in gold and other precious metals that have historically been recognized as being one of if not the best ways to protect your financial portfolio from inflation. By doing so, it can help ensure that your retirement funds will be protected and grow over time which will lead to a higher standard of living in retirement. This is especially important because you no longer have access to employer-sponsored pension plans and typically must rely on individual savings plans like an IRA or 401k plan along with Social Security for income during your retirement years.

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The Process of Rolling Over Your IRA into Gold

A gold IRA rollover is the process of moving retirement funds from an existing tax-deferred account, such as an individual retirement account (IRA), 401(k) or 403(b) plan, into a self-directed precious metals IRA. A gold IRA rollover allows investors the opportunity to diversify their portfolio and achieve long-term growth by investing in physical gold. 

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The three steps involved in transferring your retirement savings into a gold IRA are: 

1. Open an account at a custodian of your choice.

2. Transfer your retirement savings from an existing plan into the new account.

3. Once you receive the transfer notification from your current custodian, instruct them to ship your metal purchase order to the new custodian. If this sounds like something you’re interested in doing, get started today!

Tips for Maximizing Your Gold IRA Rollover

The IRS has strict guidelines for what can and cannot be done during the rollover process. To maximize your gold IRA rollover, you should complete the following steps:

1) Open a new self-directed gold IRA at an approved custodian.

2) Transfer funds from your old 401(k) plan or traditional IRA into your new account.

3) Buy physical gold and transfer it to your new account.

4) Store the gold in an allocated account so it is secure and insured against theft, loss or damage.

5) Wait until after the rollover is completed before disposing of any assets in your old 401(k).

6) Set up regular recurring payments from funds in your new account into a self-directed Roth Individual Retirement Account.

Top Gold IRA Companies 

Our recommended Providers are researched and vetted by us and many top consumer organizations. This is the short list of the most consistent companies we could come up with. Request information from them below.

#1: Augusta Precious Metals

Our Rating: 10/10

gold ira rollover

Pros

✅ ZERO complaints with the BBB and BCA

✅ Highest reputation and customer satisfaction in the industry

✅ Non-commissioned sales team

✅ Transparent pricing with up to 10 years of fees waved – with certain minimum investments

✅ NFL Legend Joe Montana actual customer before becoming their spokesperson

Cons

❌ No way to setup online

❌ The minimum investment for IRA is $50,000


#2: Goldco

Our Rating: 9.9/10

Pros

✅ Low annual fees on IRAs

✅ Excellent Customer Service

✅ Free storage is available for non-IRA precious metals

✅ Highest levels of customer satisfaction in the industry

✅ Incentives available for certain purchase levels

Cons

❌ Signup process can only be done through a specific link

❌ Setup online not possible

❌ Minimum investment for IRA $25,000


#3: Birch Gold Group

Our Rating: 9.9/10

Pros

✅ Great company commitment to education and communication

✅ Impeccable customer service

✅ Silver, gold, platinum and palladium available

Cons

❌ Signup process can only be done thought a specific link

❌ Certain fees are not disclosed up front

❌ No buyback guarantee of precious metals


#4: Noble Gold Investments

Our Rating: 9.6/10

Pros

✅ One of the best no questions asked buyback programs in the industry

✅ Free delivery of your precious metals to your door at any time

✅ Over 20 years of experience in the precious metals industry

✅ Gold, silver, platinum, and palladium available

✅ One of the lowest barriers to entry – ideal for smaller investors

Cons

❌ High annual fees for low balances


How does a gold IRA rollover work?
See also  Self Directed Silver IRA: Getting Started

A gold IRA rollover is the process of moving assets from your existing retirement account, such as a 401(k) or traditional IRA, into a new self-directed precious metals IRA. A gold IRA rollover allows you to invest in physical gold and silver coins, bars, and bullion while also having the same tax benefits as other types of IRAs. 
A gold or silver rollover is an excellent way to diversify your portfolio and reduce exposure to market volatility. Additionally, since precious metals have historically retained their value over time, this strategy may be especially beneficial for those nearing retirement age who are seeking protection against inflation in their later years.

Before you move your current retirement assets into precious metals, you’ll need to transfer or roll over those assets into your self-directed gold IRA account. This can be done by instructing your current custodian and investment broker or banker to do so in accordance with their guidelines. You may also want to work with a third-party administrator for some of these steps who can help handle all of the paperwork. Regardless of which option you choose, your bullion is typically shipped directly from wholesalers or manufacturers like Goldco, which specializes in safe precious metal delivery services.

Are gold IRAs a good idea?

Gold IRAs are one of the more complicated types of retirement accounts that people can put their money into. However, they’re also one of the most powerful and secure ways to save for retirement. There are many advantages to investing in gold through an IRA, as well as disadvantages you should be aware of before deciding on this type of investment. And while there are many rules and regulations that must be followed when dealing with gold IRAs, they can be a good idea for you for retirement.

While many people are attracted to gold IRAs because of their high level of security, there are also some disadvantages you should be aware of before deciding if such an investment is right for you. The Internal Revenue Service places strict limits on how much money can be deposited into gold IRAs each year. As of 2017, these limits stand at $5,500 annually per person aged 49 and below and $6,500 for anyone 50 and older. Some financial experts also argue that gold doesn’t provide returns on investment that are competitive enough compared to other safe investments like savings accounts or bonds.

How do I convert my IRA to gold without penalty?

You can convert your retirement account to gold without incurring any penalties by doing a gold IRA rollover. This type of IRA rollover allows you to transfer the balance from your traditional or Roth IRAs into an account that holds physical gold bullion and/or bars. You are able to maintain the benefits and tax advantages of your current retirement account while gaining the benefits of owning physical gold, such as price stability, inflation protection, and portfolio diversification.
If you have any questions about how this process works or want more information on how you can secure your retirement with a gold IRA rollover, we would love to hear from you!

As always, feel free to contact us with any questions you have about securing your retirement. We’re happy to help you get started and get on track for retirement success! 
Remember, a gold IRA rollover offers an additional option for investors who want more control over their retirement funds. So whether you’re looking for price stability, diversification or protection against market volatility, we’ll provide you with easy access and investment options when it comes time to convert your traditional or Roth IRAs into gold-backed accounts.

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Can I roll my IRA into gold or silver?

If you have an individual retirement account or IRA, you may be wondering if you can roll it into gold or silver. While there are not many investment options available within IRAs, there are some that may interest you. But before we get ahead of ourselves and talk about how to do this, let’s review what an IRA is first.
An individual retirement account is a type of tax-advantaged savings plan that has specific tax advantages for people who want to set aside money for their retirement. The most common types of IRAs are traditional and Roth IRAs.

There are multiple types of IRAs, and these include: 
Rolling an IRA into gold or silver: While you may be able to set aside part of your retirement money for precious metals within an IRA account, there are several things you should know about how it will work. Rolling over money into your gold or silver account is similar to other investments in that it requires a minimum deposit. The IRS requires you have at least $1,000 in your retirement accounts at all times. If you want to roll your account into gold or silver, then consider finding an online broker that has low fees for small deposits and offers low-cost precious metal funds.

How much are gold IRA fees?

The basic annual fees for a gold IRA range from $30 to $150. This fee, however, is waived for all customers who purchase physical gold bullion and store it in the same depository as their gold IRA account. Many companies also charge an annual storage fee of between $0 and $30 per year. Remember that there are other fees associated with getting your retirement funds from one financial institution to another, so be sure you know what those costs might be before deciding which company will best suit your needs.

So, you might be wondering what all of these fees mean in dollar terms. If you have $20,000 in your gold IRA and don’t invest in any other assets besides physical gold bullion, then it’s possible that your yearly expenses could amount to anywhere from $30 (1% annual storage fee for ten years) up to $1,500 (4% annual storage fee for ten years). That’s why it’s so important that you choose an affordable option and do some comparison shopping before you settle on one financial institution over another.
Determining if your current retirement account can be rolled into a gold-backed IRA: Some financial institutions allow customers to transfer existing retirement funds directly into their gold-based IRAs.