Transfering Your IRA Into Gold Bullion: Gold Transfer Guide

How to Transfer Your IRA Into Gold

Setting Up an Account

A Gold IRA is easy to set up. You can open your account online or by filling out a paper application.

Invest in Your Gold IRA

There is nothing more simple than funding a Gold IRA with a self-directed Individual Retirement Account (IRA). You can fund your account using one of the following methods:

Fill out an IRA Request Form to initiate an IRA to IRA transfer and transfer the funds to your new IRA! Tax-deferred and penalty-free transfer can be ensured by doing this

Self-directed Individual Retirement Account (IRA): A direct rollover from your 401(k) or other qualified retirement plan is another way to fund your IRA tax-deferred.

To make a cash contribution, the self-directed custodian accepts checks or wire transfers. If the IRA account is pre-tax (traditional) or post-tax (Roth), the taxable treatment is different.

You can't legally fund your account with gold coin or bullion that you already own, in part because the U.S. government only allows certain coins and bullion to be held in Individual Retirement Accounts (IRAs).

With the help of IRA specialists and senior portfolio managers, Allegiance Gold will guide you through the entire process of setting up and funding your Gold IRA or custom precious metals IRA from beginning to end.

Coins Approved by the IRA

If you have a precious metals IRA, you are restricted to holding only gold and precious metals. Gold, silver, platinum, and palladium are the four main precious metals that can be invested in an Individual Retirement Account (IRA) under the Taxpayer Relief Act of 1997. The IRS only permitted a few types of bullion, coins, rounds, and bars for each type of metal. As a result of this, the IRS issued fineness requirements for precious metals products in an effort to narrow the focus on investment-grade liquids and away from older coin collectibles. Gold and other precious metal products must meet minimum standards to ensure long-term value, and this is one of the reasons for being selective.

See also: Invest in the Best Gold Coins

A number of the following coins and bars can be used to meet the IRA's investment criteria. The fineness of gold coins and bullion must be at least 99.5%.

  • Proof and regular versions of the American Eagle.
  • The Buffalo nickels of the United States of America
  • Maple Leaf banknotes from Canada.
  • Polar Bears and their cubs from Canada
  • Polar bears in Canada
  • The arctic fox native to the Canadian Arctic
  • Philharmonic coins of Austria
  • Australia's kangaroo currency
  • Britannia, the British national anthem (2013 and newer)
  • Panda coins from China
  • New York Metal Exchange (NYMEX) and Chicago Mercantile Exchange (COMEX)-approved refineries produce Credit Suisse bars and rounds.
  • The fineness of silver coins and bullion must be at least .999.

Among the possibilities:

  • Coins of the United States of America, including American Eagles and American Eagle Proofs
  • Coins of the United States of America
  • Maple Leaf banknotes from Canada.
  • Polar Bears and their cubs from Canada
  • Polar bears in Canada
  • The arctic fox found only in Canada
  • Philharmonic coins of Austria
  • Kookaburra coins are only available in Australia.
  • Britannia, the British national anthem (2013 and newer)
  • Panda coins from China
  • NYMEX or COMEX-approved bars and rounds produced by Credit Suisse
  • The fineness requirements for platinum and palladium coins and bullion are 99.95 percent and 99.95 percent, respectively.

Platinum American Eagle coins and platinum American Eagle proof coins are available.

Platinum or palladium Canadian Maple Leaf coins produced by refineries approved by the New York Metal Exchange (NYMEX) or the Chicago Mercantile Exchange (COMEX).

See also: Best IRA Gold Companies

IRA Resources

Bullion guide for readers.

DO NOT Invest in Precious Metals.. Until You Read This Guide

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