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Gold IRA Rollover & Transfer

Gold IRA Rollover & Transfer Explained

Welcome to gold IRA rollover & transfer explained. In this guide, we will explain the difference between a gold IRA rollover and transfer, what are the rules and regulations, how to store your IRA gold, when you can take physical possession of your gold, and more.

Important Notice!
Before we go more in-depth on this topic, we know that choosing a precious metals IRA company is an important financial decision that can impact your financial future for years to come.

Our goal is to provide you with the most accurate and reliable information to help you identify the best option to grow and protect your wealth today.

With careful and extensive research, we have reviewed and rated the 5 best precious metals IRA companies of 2022 to help make your decision easier!

>>See our list of the 5 top precious metals IRA companies (cash sales also available).

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Rating Overview From The Same Company:

  • Free Storage for Non-IRA Precious Metals
  • Biggest Promotions in the Industry
  • Unmatched Customer Service
  • No High Pressure Sales Tactics
  • Outstanding Ratings & Customer Reviews
  • FREE and Easy IRA & 401(k) Rollovers
  • A+ BBB Rating and AAA BCA Rating
  • Highest Buy-Back Guarantee
  • 2021 Company Of The Year Award

Overview

What Is A Gold IRA Rollover?

What Is A Gold IRA Transfer?

Gold IRA Rollover Rules & Regulations

Gold IRA Transfer Rules & Regulations

Can I Take Physical Possession Of Gold In My IRA?

IRA-Approved Depository Requirement

Why Transfer Your IRA To Gold?

Introduction Gold IRA Rollover & Transfer Explained


One of the best ways to protect and diversify your assets is to open a precious metals IRA. It allows you to take advantage of a simple and easy IRS loophole that lets you hold physical gold and other precious metals with the money you have already saved in your retirement account, completely tax and penalty-free.

What Is A Gold IRA Rollover?


Fine Gold Bars - How To Invest GoldA rollover IRA is a term for an Individual Retirement Account (IRA) that is funded by moving funds from a 401(k), 403(b), TSP, or similar retirement account into an IRA.

The main difference between a 401(k) and an IRA is that an IRA is normally opened by the individual rather than being offered by an employer.

This type of Individual Retirement Account allows alternatives to stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Among those alternatives are gold, silver, platinum, and palladium.

When performing an IRA rollover, funds from existing tax-advantaged accounts can be rolled over into a new IRA tax-free.

Investors can even roll over funds from multiple retirement accounts into a single self-directed IRA, making it easier to consolidate and manage their retirement savings.

A traditional IRA can be rolled over into a gold IRA, and investors who invest in a Roth gold IRA (physical gold bullion), will not be taxed at all on the gains on their gold investments.

Note that in a rollover, the money being moved is paid to you and you then deposit the funds in the other account.

What Is A Gold IRA Transfer?


There is another way to do this, which is called a gold IRA transfer.

In a funds transfer, the original custodian of the IRA transfers the funds directly to the new IRA custodian you designated to receive the funds. You basically never see the money.

This is something you can do at any time with your existing IRA, as long as the assets go from custodian to custodian. Meaning that the distribution check from the old IRA custodian must 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. You can find more information in our ultimate gold IRA rollover guide.
 
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Gold IRA Rollover Rules & Regulations

In the processing of starting a gold IRA rollover, you would receive the money from your current custodian, and you would have 60 days from the date you receive the funds to deposit the money in the Gold IRA Company or custodian of your choice.

If you do not complete the transaction within this period, the money becomes a taxable withdrawal and you will face the 10% early withdrawal penalty if you are under 59 1/2.

If you are withdrawing from a personal IRA for a rollover to another IRA, there is no tax withholding, but you can do only one rollover per year.

Gold IRA Transfer Rules & Regulations

A transfer is a custodian to custodian move. You do not receive any money, which simplifies the process and helps you avoid possible penalties.

In a direct custodian-to-custodian IRA transfer, you do not have to worry about the 60 day transfer rule since you never receive the money. The transfer is usually accomplished by wire transfer directly between the respective IRA custodians.

The original IRA custodian can also accomplish the transfer by issuing a check made out to the custodian of the receiving IRA and mailing it out.

This is the easiest way to invest in gold through your IRA since it is all handled in the background by your existing and new custodian.

Can I Take Physical Possession Of Gold In My IRA?


At the end of your IRA term, you can take possession of your gold. Once you are 59 ½ years old, you can liquidate the gold in your self-directed IRA for cash or take physical possession of your gold and other precious metals without penalty.

You have complete control over the precious metals that are purchased, as long as they are IRS-approved bullion.

IRA eligible gold bullion

IRA eligible silver bullion

IRA-Approved Depository Requirement


Your IRA gold must be stored in an IRS-approved depository. You cannot store your gold at home or in a local security deposit box.

Storing your IRA gold at home can be considered a distribution, which means you may lose your tax-deferred benefits and could get hit with a penalty if you’re under 59 ½ years old.

What is more, if the IRS determines that the day your IRA gold entered your home was the date of “distribution,” you could end up paying additional penalties and back taxes owed from the time of distribution.

You can take possession of your gold at the end of your IRA term.

Why Transfer Your IRA To Gold?

Why transfer your IRA to gold and/or other precious metals?

  • Gold serves as a hedge against inflation.
  • Gold is a store of wealth, and can help with portfolio diversification.
  • Gold is a physical asset you can hold. Gold is God's money. “Gold isn’t going to become worthless.”
  • Historically, gold prices move in the opposite direction of traditional securities like stocks, bonds, and mutual funds.
  • Gold is power and freedom, and removes investors from governmental restraints.
  • There is a tax loophole that can be leveraged when owning physical gold.
  • Gold adds protection to your retirement savings account.

Request Your FREE Gold IRA Guide

To learn more about the benefits of investing in a gold IRA and how to get started, please request the FREE Gold IRA Guide, or find more information here.

Claim Your FREE Guide Here
Goldco - a Top Rated Gold IRA Company. Specializes in Precious Metals IRAs, Gold IRA

Best Gold IRA Companies

Gold IRA Companies We Recommend

There has never been a better time to invest in gold, silver, and alternative assets (cryptocurrencies like Bitcoin or Ethereum) than today. With the ease of setting up a gold IRA or crypto IRA, you can go from worrying about your retirement savings to complete confidence in the security of your wealth. But choosing the right company to invest with can be extremely difficult unless you know what to look out for.

When reviewing gold IRA and crypto IRA companies it’s critical to compare the ratings and reviews by looking at independent authority sources. We look at the scores given by using 5 independent rating sources that include the Better Business Bureau, Business Consumer Alliance, TrustLink, TrustPilot, and Ripoff Report.

We have looked into Augusta Precious Metals, Goldco Precious Metals, Birch Gold Group, and Regal Assets, all top-rated gold IRA companies, as well as the best online gold and trading company BullionVault.

Augusta Precious Metals Gold IRA

Best Overall Gold IRA Company In The US
$200/ Yr
  • Setup Fee Only $50
  • Minimum Purchase $50,000
  • Endorsed by Quarterback Joe Montana & His Personal Financial Team
  • Unique Free One-On-One Web Conference About Economy & Gold IRAs
  • A+ Rating by the BBB
  • Up to 10 Years of Fees Reimbursed to Your IRA in Silver Coins
  • Easy IRA & 401(k) Rollovers
  • Outstanding Client Ratings
Learn More

Goldco Gold IRA

Top Rated Precious Metals Company
$260/ Yr
  • Setup Fee $50
  • Minimum Investment $20,000 - $25,000
  • Cash Sales Minimum $3,500
  • Endorsed by the Political Commentator and American Talk Show Host Sean Hannity
  • A+ Rating by the BBB
  • 10% Back in FREE Silver
  • Easy IRA & 401(k) Rollovers
  • Highest Buy-Back Guarantee
  • Good Customer Ratings
Learn More

Frequently Asked Questions

Is investing in precious metals a good idea?

We believe it is. Throughout history, gold and silver prices have moved in the opposite direction of paper assets and can, therefore, provide a good hedge against inflation. Past performance doesn’t guarantee future gains, but the numbers show that the weaker the dollar has become in the past, the better gold generally has performed. In fact, the relationship between gold and the dollar is often seen as an inverse one.

Why starting a gold IRA?

Traditional IRA accounts may not be enough to provide for you and your loved ones, post-retirement. Not if the economy remains as uncertain as it has looked recently.
For eons, investors have looked to gold to help them potentially offset losses due to economic turmoil. A gold IRA or precious metals IRA permits you to diversify a portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within a retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.

Should I invest in physical gold, futures options (EFTs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

When investing in a gold IRA, you will get the same tax benefits as a traditional IRA, while actually owning physical gold coins or gold bars.

Do my precious metals have to be bars or can they be coins?

While some coins can be included in precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. You can be certain that a reputable gold IRA company offers a variety of metals for IRAs within IRS guidelines.

Can I choose any custodian and storage company to store my metals?

Yes. While established gold IRA companies often recommend Equity Trust as their preferred custodian and Delaware Depository for storage, you can choose your own custodian and storage companies.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access. In other words, just like a traditional IRA, the access to the precious metals in your precious metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Are the values of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. But we believe physical precious metals are your safest bet to hedge against a stock market crash, inflation, and the debasing of the dollar.

When will I be eligible for distributions from my gold IRA?

At age 59½, you or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.

How long does it take to rollover a traditional IRA into a gold or silver IRA?

Usually around two-three weeks, although each application is different and the amount of time varies on a case-by-case basis.

What is the advantage for customers to set up an IRA with a gold IRA company as opposed to going to the custodian and setting it up with them?

The customers will receive top-notch service and specialized account setup knowledge provided by the gold IRA company’s IRA Processing Department throughout the process from start to finish. They do 95% of the paperwork with them. Customers can feel safe knowing they will be kept up to date every step of the transfer process by daily calls or e-mails from the IRA Processing team with any gold IRA company listed on How To Invest Gold. These companies also often provide lifetime account support.

What is Augusta Precious Metals?

Augusta Precious Metals is a premium provider of precious metals products and services, with a specialty in gold and silver IRAs. The company’s reputation of a customer-first approach to sales, service and education is well-known throughout the retirement investing community. Augusta has received ZERO complaints at either the BBB or BCA since opening its doors in 2012 – and has received thousands of 5-star reviews across the most popular consumer rating platforms. And here’s a big reason for all the excitement: Augusta offers the most competitive, transparent pricing in the industry, underscored by its price-match guarantee on all coins.

Additionally, Augusta will waive fees up to 10 years for new customers (a special – ask how many years you qualify for). As much as all that is, Augusta Precious Metals offers much more to hard-working retirement savers, including a free one-on-one educational web conference designed by the company’s on-staff Harvard-trained economist. This is the same web conference attended anonymously by hall of fame quarterback Joe Montana that convinced him to become an Augusta customer. Mr. Montana’s personal financial advisors found the company for him after researching all the gold IRA companies in the U.S.! Read the full review of Augusta Precious Metals in section: Reviews.

What is Goldco?

Goldco is one of the leading providers of precious metals IRAs, and its IRA & 401(k) rollovers are easy and painless. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts and skyrocket their wealth.

Goldco has an A+ rating by the BBB, and Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. With Goldco, any investor can buy precious metals outright, even if they specialize in precious metals IRAs.

About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

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