The Monex Precious Metals IRA:
Strength and Security for Your
Having an Individual Retirement Account (IRA) is one of the most popular ways to save for retirement. While many financial institutions offer IRAs, Monex Deposit Company has gone one step further by enabling you to add precious metals to your IRA investments.
With Monex you have the opportunity to include precious metals in your IRA the same way as other investments. Most IRAs only offer paper assets whereas through Monex you can have actual physical metal delivered and securely stored for your IRA using an independent IRA trustee or custodian that you select. Monex will help you open your IRA account with any one of several independent, third-party IRA Trustee/Custodians from which you can choose. When your IRA is opened and funded, you simply place your order for the metal you want and Monex will take care of the rest, it’s that simple. Delivery of the metal is prompt and your Trustee/Custodian will provide updates as required on the value of your investment. Of course you can always determine the up-to-the-minute value of your investment via the Monex website where live prices are quoted.
The other major advantage with using Monex when purchasing metal for delivery to your IRA is the 11 hour buy/sell market that Monex has maintained for over 50 years. Not only do you know the value of your metals at any time, you can also realize that value by simply calling a Monex account representative and selling your metal at any time when the Monex market is open …its’ just that simple. Monex will promptly make payment to your Trustee/Custodian and arrange the delivery of your metal to Monex. Of course, the metal in your IRA belongs to you, therefore, you are free to sell and deliver your metal to any IRA qualified buyer you wish. This process is made extremely simple and feasible at Monex with its 11 hour market of competitive prices.
In addition to opening a brand new Precious Metal IRA account, you can also transfer or rollover funds from an existing IRA or employer retirement account into a Precious Metals IRA account. Precious metals may also be placed in a Roth IRA. You should consult with your tax advisor as to whether a standard IRA or a Roth IRA is better suited to you.
A Monex Account Representative can assist you in the selection of the specific type and form of precious metals for inclusion in your IRA, the IRA Trustee/Custodian that best suits your preferences, and the storage location where your IRA precious metals will be held.
Your retirement funds are critical to your retirement future, and our Account Representatives will be happy to discuss how your requirements can be addressed with a Precious Metals IRA. A short phone call is all it takes!
Compelling Reasons Why Everyone
Should Consider An IRA:
- A regular, disciplined investment program is the surest path to financial security.
- An IRA lets you invest pre-tax, undiluted funds, if you qualify. This takes your money further. Roth IRAs are also available.
- All earnings accumulate tax-free over the life of the IRA.
- Taxes are deferred from high-income, high-bracket earning years to lower-bracket retirement years.
- An IRA provides you with the widest choice of investments for your pre-tax retirement dollars.
- You can invest retirement funds in a ''Real Asset'' like gold bullion and bullion coins with substantial intrinsic value.
- You are not limited to "paper assets" as in many retirement plans.
- In an IRA, you have the flexibility to dollar-cost-average, simply accumulate, or trade in and out of investments, deferring all taxes on gains.
- Virtually everyone with wage or self-employment income can open an IRA.
Basic Rules of an IRA
Anyone who has earned income or is the spouse of a wage earner is eligible to open a precious metals IRA, and there is no limit to how many IRA accounts an individual may have. The maximum yearly contribution to all of an individual's traditional and Roth IRAs is currently $5,500 ($6,500 for those 50-1/2 years or older), or 100% of earned income, whichever is less. However, there is no maximum dollar amount on transfers or rollovers from an existing IRA account to precious metals accounts. For specific IRS rules and IRA investment advice, investors should consult with a tax specialist.
Setting Up Your Precious Metals IRA
Establishing a new precious metal IRA account can be a relatively easy, painless and even an enjoyable process. A Monex Account Representative, along with our in-house IRA administrative specialists, will guide you step-by-step through the important procedures necessary to properly set up your precious metal IRA account(s). This includes selecting the Trustee/Custodian(s), completing the required paperwork, funding your account(s) and buying and selling the physical precious metals in your IRA account(s).
Once your Precious Metals IRA account has been established and funded, YOU decide when to purchase and what types and quantities of precious metals you wish to have delivered to your IRA Trustee/Custodian. Monex Deposit Company will then promptly deliver the metal to the storage depository used by the IRA Trustee/Custodian you have selected. When you decide to sell the precious metals in your IRA account you can process your sell order with a Monex Account Representative who along with IRA administrative personnel will process payment to your Trustee/Custodian and arrange the delivery of your metal to Monex.
Please give us a call . . . we are here to make the Precious Metals IRA process as easy as possible for you.
IRA Rollovers & Transfers
If you already have one or more IRA accounts or movable funds in an employer retirement plan, you can transfer or "rollover" 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, on the other hand, takes place when a distribution from an employer retirement plan is made directly to your IRA by the plan administrator.
Monex has provided delivery of physical precious metals for IRA accounts for well over two decades. Whether you need an IRA rollover, IRA transfer or want to open your first IRA account, Monex is ready and able to help. We've assisted thousands of customers with their IRA investments who want to include physical precious metals in their IRA portfolio and we will be pleased to assist you in this endeavor as well.
Chances are, you may have a number of questions as to the "Who/What/Where/When/How" of setting up your Precious Metals IRA accounts, for example:
- Who can open a Precious Metal IRA account?
- What is the difference between a new IRA account and a transfer or rollover IRA account?
- What types of precious metals can (and cannot) be included in Precious Metals IRAs?
- Where are the precious metals in your IRA account physically stored?
- Are the precious metals in your IRA insured?
- What are the age requirements for opening a Precious Metal IRA . . . and when must you begin to take required minimum withdrawals from your account?
Account Representative will be happy to answer these and other questions you may have about opening and maintaining your Precious Metal IRA account. As one of America's leading precious metals dealers with coin and bullion transactions exceeding $1 billion per year for the last 10 years, Monex can be the source for your IRA precious metals investments. For more than two decades, Monex Deposit Company has worked with thousands of investors in setting up their precious metals IRA accounts. We work closely with leading IRA Trustee/Custodians in the country, as well as with the largest and most secure independent and registered storage vault facilities. All of these companies are independent unaffiliated third-party providers of IRA accounts and storage services. Monex does not receive compensation from any of the IRA Trustees/Custodians or Depositories.
Please see the following Monex website pages for more information on IRA investments: