How to Open a Precious Metals IRA in 3 Easy Steps
1. Open a self-directed IRA
You have the right to invest your qualifying retirement funds held in an IRA or a 401(k) in physical precious metals, but these investments are not available to you through your current IRA or 401(k) custodian.
Thanks to an IRS-loophole, you can open a self-directed IRA and roll over a portion of your retirement savings, tax-free and penalty-free, to be used to acquire physical gold and silver. Our IRA experts can walk you through the ins and outs of a Gold Alliance self-directed IRA account holding gold and silver, including the process for opening one.
Creating your Precious Metals IRA opens the door to new possibilities. By going beyond the traditional stocks, bonds, and mutual funds chosen by your current custodian, you’ll enjoy the many benefits of owning physical gold and silver and be better positioned to hedge against the risks involving your life savings to achieve financial security.
2. Fund your account
Once you’ve opened a Precious Metals IRA, you can transfer funds from your current qualified retirement plans (such as your Traditional IRA, Roth IRA, 401(k), 401(a), 403(b), 457, Thrift Savings Plans, and annuities) to the account of your self-directed IRA. The account will be in your name and under your full control — Gold Alliance does not hold your funds or your precious metals and cannot trade on your behalf without your consent in writing.
We have been in business for 20 years, so our team knows how to and will make sure to eliminate the potential for errors in the transaction process. The best way to guarantee you perform your transfer or rollover correctly is by calling one of our Precious Metals IRA experts for a free consultation.
With our wealth of experience, we’re here to guide you through this process every step of the way. Remember: To achieve true portfolio diversification and optimal protection of your financial future, you need to diversify a relatively small portion of your wealth — not your entire wealth — into physical gold and silver.
3. Select gold and silver approved for IRA investment
Once the transfer of funds is complete, all that’s left to do is stock your Precious Metals IRA with physical precious metals. Your dedicated Account Executive will help you choose the right IRA-approved metals to maximize your portfolio’s potential, optimize its diversity, meet your financial goals, and give you complete control over your range of assets.
To sum it up
When you roll over a portion of your IRA into precious metals, you’re achieving financial security:
- You protect your retirement savings against financial crises and economic turmoil.
- You hedge your hard-earned wealth against inflation and the weakening dollar.
With a Gold Alliance Precious Metals IRA, you don’t get a flimsy piece of paper stating you own an interest in gold, nor are you stuck with the substantial fees that come with gold ETFs or their tendency to collapse together with financial markets while the demand for real physical gold raises its prices. A Gold IRA gets you physical gold — a real, proven asset in the face of volatile markets.