IRA Eligible Precious Metals Products

Most IRAs consist of paper assets, whereas a precious metals IRA affords you the ability to buy physical metal and have it delivered to and stored with an independent IRA custodian that you select.

Generally, anyone with earned income can open an IRA unlike a 401K which can only be opened through your employer. For general information about setting up an IRA, contact your IRA custodian.

If you have one or more IRA accounts or movable funds in an employer retirement plan, you can transfer some or all of those assets into a Precious Metals IRA account. A transfer occurs when IRA funds are moved at your request directly from one IRA to another, without you taking control or custody of the funds. A rollover takes place when a distribution from an employer retirement plan is made directly to your precious metals IRA trustee/custodian by the plan administrator.

When setting up a new IRA there is a maximum yearly contribution. If you are under 50 years old, the maximum yearly contribution is $6,000. If you are over 50 then your maximum yearly contribution is $7,000. When rolling over or transferring an IRA there is no maximum amount. Rollovers and transfers tend to be larger values as they have acquired value over time.

Typically, you must be at least 18 years old to open an IRA account. However, anyone wondering if they are eligible to open an IRA, should speak to a competent tax advisor.

Yes, your IRA custodian will determine who insures your metal, however, any metals you own will be fully insured.

Required minimum withdrawals start at age 72 or 70 ½ if the owner of the IRA reached 70 ½ before January 1, 2020.