How to open a Silver IRA account
1. Open a self-directed IRA
Did you know you have the legal right to invest in silver, gold, platinum, and palladium for your IRA? The option is there, but you are not taking advantage of it. Your current IRA or 401(k) account custodian doesn’t want the extra work of managing assets that aren’t bonds and publicly traded stocks and cannot be electronically administered. But don’t let their agenda dictate the future of your savings, especially when there’s so much to gain.
By opening a self-directed IRA, which allows you to invest in precious metals, you’re empowering yourself to take control over your own funds. You might want to add silver to your portfolio, and this is where one of our Gold Alliance IRA experts comes in. We’ll help choose the right IRA-approved silver for you, maximizing the growth potential and asset diversity of your portfolio and allowing you to be perfectly positioned to oversee any gains, losses, or risks regarding your life savings and act accordingly.
2. Fund your Account
Wondering how to open a silver IRA account? With Gold Alliance, your precious metals IRA can be funded in one of three ways. We can either roll over funds, arrange a direct rollover, or transfer funds from your old 401(k), 401(a), 403(b), 457, Thrift Savings Plan, and annuities to your new IRA custodian.
Each of these transactions is different, and it’s crucial you understand the rules for each. Failing to do so could result in tax consequences or delays. Fortunately, Gold Alliance’s IRA specialists are here to guide you through the process of transferring or rolling over any part of your existing IRA into one of our silver, gold, or other precious metal accounts. (For more information about our other options, visit this page: How to Open a Precious Metals IRA.)
We’ll make the transition easy and minimize any potential for errors. Don’t struggle when help is at hand—guarantee a correct transfer or rollover by giving one of our silver IRA experts a call for a free consultation. We make it easy to invest in silver for your retirement.
3. Select silver approved for IRA investment
Once you’ve set up your account, all that’s left is to stock it with precious metal investments. Your personal Account Executive can talk you through the silver coins that are currently performing the best and explain your options if you’re thinking of branching out into gold, platinum, and palladium.
By rolling over your IRA into silver, you’re protecting your retirement:
- You’re shielding it from future currency devaluations.
- You’re protecting it against the ravaging effects of inflation.
- You’re preventing the government from seizing your 401(k) retirement funds.
At Gold Alliance, we recognize that paper currency isn’t worth the paper it’s printed on during times of crisis. You can only trust physical precious metals that you can hold in your hands. That’s why, with one of our IRAs, we won’t give you a flimsy certificate saying you own a share in silver, and we won’t saddle you with the excessive operating costs that ETFs bring. We’ll give you tangible silver—the only asset type you can trust in the face of market volatility.
Are you looking to diversify your portfolio? Are you wondering how to open a silver IRA account? One of our silver IRA experts is on standby to assist you in making the smart choice to add precious metals to your IRA. Call us at 888-734-7453—in a matter of minutes, you can safeguard your retirement from unforeseeable financial risk. We’ll talk you through the quick and easy rollover and transfer process, and, by sharing our expertise, we’ll leave you confident in your decision to open a silver IRA that meets your financial needs.