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Gold IRA Rollover & Transfer

Gold IRA Rollover & Transfer Explained

Welcome to gold IRA rollover & transfer explained. What is 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, etc.

Introduction Gold IRA Rollover & Transfer Explained

Protect your assets with a gold IRA and take advantage of a simple and easy IRS loophole that allows you to hold physical gold and/or other precious metals with the money you already have saved in your retirement accounts, completely tax and penalty-free.

But first, let us explain the difference between a gold IRA rollover and transfer.


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?

Best Gold IRA Companies

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.
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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-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.

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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.

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Best Gold IRA Companies

Gold IRA Companies We Recommend

Best Gold IRA Companies – There has never been a better time to invest in gold than today. With the ease of setting up a gold IRA, you can go from worrying about your retirement savings to complete confidence in the security of your wealth before you know it. But choosing the right precious metals company to invest with can be extremely difficult unless you know what to look out for.

When reviewing gold IRA companies its 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 Goldco Precious Metals and Regal Assets which are both top rated gold IRA and alternative assets companies.

Goldco Gold IRA

Best Overall Precious Metals Company
$260/ Yr
  • Minimum Investment $20,000-$25,000
  • Cash Sale Minimum $3,500
  • 10% Back In FREE Silver
  • Easy IRA & 401(k) Rollovers
  • A+ rating by the BBB
  • Outstanding Customer Ratings
Learn More

Regal Assets Regal IRA

#1 Rated Alternative Assets Company
$250/ Yr
  • Minimum Investment $10,000
  • Cash Sale Minimum $5,000
  • Waived Fees For 1st Year
  • Combines Metals & Crypto
  • Oustanding Client Ratings
  • No Sales Approach
Learn More

Frequently Asked Questions

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation and deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. It is possible for a stock to go to zero, for a bond to default, for a currency to lose its value, but gold will never be worth zero. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. If you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why is the demand for gold increasing?

The coronavirus (Covid-19) outbreak was the single biggest factor influencing gold demand. As the scale of the pandemic and its potential economic impact started to emerge, investors sought safe haven assets. Stock markets have already taken a huge hit from the coronavirus. The S&P 500 has fallen farther quicker than it did during the Great Depression, and since we are still in the early stages of a shutdown, markets can only fall further from here. Gold has protected people through thick and thin for centuries, and it will not be any different this time around. No matter how bad the coronavirus epidemic gets, gold will continue to work and be a safe investment.

What impact will the coronavirus have on the price of gold?

“Market risk and uncertainty are long term drivers of the price of gold, our expectation is we are going to continue to face one of those two factors.” – Joseph Cavatoni, Managing Director of the World Gold Council. Cavatoni is indicating that the price of gold is going to continue to rise, and this is just the start. This pandemic will eventually end, but its effects on the economy will be long-lasting. In uncertain times, it is important to turn to safe-haven investments to protect and grow your wealth. Now is the time to invest in gold and precious metals.

Should I invest in physical gold, future 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.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.
Gold coins are smaller and more convenient than gold bars but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. However, gold coins are more useful for people who intend to use their gold as money.

What are the best precious metals to invest in right now?

Gold, silver, platinum, and palladium ranked in the given order. Find an explanation as to why in our gold investing guide.

Where should I store my metals?

If you are buying precious metals outright, you can store it at home or anywhere you find a fit. Be sure to store it in a safe place, somewhere it is unlikely to be destroyed by fire or some other disaster, and do not forget to insure your gold. You can also store your metals with the gold dealer you bought it from. Goldco and Regal Assets charge $0 for storage for non-IRA transactions. With a Gold IRA, you can hold bullion in your retirement account. Whichever metals you choose will be safely secured in an IRS-approved depository and ready for you to use as soon as you retire.

Why you should start a Gold IRA?

Traditional IRA accounts may not be enough to provide for you and your loved ones post-retirement. Not if the economy continues spiraling out of control at this magnitude. Investors are hungrier than ever for diversification, tirelessly searching for security and protection. They are looking for IRAs that will not disappear if the dollar does. The only secure financial asset that has stood the grueling test of time is gold. A Gold IRA permits individuals to diversify any portion of their retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within that retirement plan. Investors can securely possess physical precious metals in a tax-deferred account.

What is Goldco?

Goldco is the leading provider 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. 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. Read the full review of Goldco Precious Metals in section: Best Gold Companies.

What is Regal Assets?

Regal Assets aimed for being the world’s best one-stop-shop for tangible precious metals investing and fulfilled its goal with flying colors. Regal Assets achieved the status of being the #1 Rated Alternative Assets Company 10 years in a row and was ranked #20 Best Firm in the U.S. by Inc. 500. In November 2019 Regal Assets joined forces with Coinbase and Kingdom Trust. This dynamic new partnership enables Regal to offer the #1 Crypto IRA in the market in 2020, called Regal IRA. Read the full review of Regal Assets in section: Best Gold Companies.


Please feel free to reach out if you have any questions about the content of this website. If you believe something is explained incorrectly, please send us an email at [email protected].

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.
About How To Invest Gold

Our Mission

Our mission is to provide investors and retirees all the information they need when it comes to precious metals and cryptocurrency investing. We aim to provide a complete guide on the best ways to invest in gold, silver, and crypto.

Gold backed IRA - Goldco, Regal AssetsWe believe that investing in precious metals and cryptocurrencies through your IRA or 401(k) is one of the best ways to invest in this asset class, due to the tax-saving component. A gold or crypto IRA is the best way to protect your retirement account and adds financial insurance.

Whether you are interested in gold coins, pure minted bars, EFTs, or gold mining stocks, you will find the information you need on this website to get started on the right foot.

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