Investing in a Silver IRA
What is a Silver IRA?
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.
What is a Silver IRA Rollover?
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 Silver 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, such as a silver IRA rollover, takes place when a distribution from an employer retirement plan is made directly to your silver IRA trustee/custodian by the plan administrator.
Why Choose Monex?
For over two decades, Monex has successfully assisted investors in building precious metals IRA accounts. We proudly offer top of the line customer service, quality IRA eligible silver bullion products in a variety of sizes as well as a unique two-way buy/sell market for your convenience.
How to Start a Silver IRA Through Monex
A knowledgeable Account Representative will help you open your IRA with the independent, third-party IRA Trustee/Custodian of your choice. Upon establishing and funding your Silver IRA account, we will assist you in placing your order for the amount of silver bullion bars or coins you desire. Monex will then deliver your silver to the storage depository used by your IRA Custodian. Should you later decide to realize the value of your investment by taking advantage of our two-way, buy/sell market, call us to process your sell order. Together with IRA administrators, we will process payment to your Trustee/Custodian and arrange the delivery of your metal back to Monex.
Silver IRA Rules
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 an individual's IRAs is currently $6,000 ($7,000 for those 50 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 a precious metals IRA account. Consult with a tax specialist for specific IRS rules and IRA investment advice.