Gold IRA roll over

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Investors can roll over a 401K to a self-directed Gold IRA as long as the precious metals meet IRS specifications.

In general, that means Bullion bars and Coins of specified fineness, and Coins from government mints.

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Gold, Silver, Platinum, and Palladium are the four Precious metals allowed by the IRS.

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The IRS only allows certain forms of Gold to be held in an IRA as specified in U.S. Code 408 (Individual Retirement Accounts).

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Some general guidelines on the permitted forms of Gold:

• Gold coins and bars must be 99.5 percent pure

• Gold must be sourced from a national government mint or approved refiner

• Gold coins in one, one-half, one-quarter, and one-tenth ounce sizes are permitted

• Some non-US Gold coins with 99.5 percent fineness are eligible

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There are three parties involved in a Gold IRA: the Investor, the Trustee, and the Custodian.

The Investor is you.

The Trustee is the Precious metals, Broker-dealer.  

The Custodian is the depository (storage).

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Like all investments, Gold IRAs have details and characteristics.  When planning your 401K rollover to physical Gold, a few points to keep in mind are you will need to designate beneficiaries, representatives, and interested parties for your Gold IRA.

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After specifying a primary beneficiary and contingent beneficiary (if desired), you will have the opportunity to designate one or more representatives and interested parties.

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A Representative for the Gold IRA would have full access to the account and the ability to execute transactions at their sole discretion. 

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Designating an Interested Party for your Gold IRA may make sense if you are working with an Investment advisor or Financial planner. By specifying these people as Interested Parties, they will be able to speak on your behalf. An Interested Party does not have the authority to execute transactions in your account. 

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The objective is to move retirement funds into Gold without incurring a tax penalty.

Gold IRA Rollover Rules

• A direct Trustee-to-Trustee rollover simplifies the process of setting up a Gold IRA.

• You do not personally receive any of your retirement funds so the 60-day Gold IRA rollover rules never apply.

• The IRA Trustees will typically accomplish the transfer of funds by wire.

• The IRS allows for one IRA rollover per year in its Gold IRA rollover rules.

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Simply transfer funds from your existing IRA or 401k into a self-directed IRA account, choose a depository that can provide storage, then buy the physical metals you want.  It is all done within IRA guidelines and completely without consequences in terms of taxes or penalties. The fun part is choosing your gold:

• American Eagle coins

• U.S. Buffalo Bullion coins

• Canadian Maple Leaf coins

• Austrian Philharmonic coins

• Australian Kangaroo/Nugget coins

• Credit Suisse – Pamp Suisse Bars

• Various bars and rounds .995

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Bottom line

Don’t wait. The time is NOW to prepare for a volatile future. You can rollover into a self-directed Gold IRA.   A great rollover company is Regal Assets.  

Click here to secure a Gold IRA, hands-free, with an easy rollover process.

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