A Gold IRA is easy to get started, but there are always questions to be answered.
Explore answers to common questions about Gold IRAs below and please call us if you would like detailed answers.
Expand All|Collapse All
What is a Gold IRA?
Our Gold IRA is an Individual Retirement Account (IRA) that can include IRS-approved physical gold, silver, platinum and palladium. The account enjoys all the same tax-deferment benefits that a traditional IRA provides, but also offers other benefits like diversification.
The precious metals portion of the IRA is held in custody by an IRS-approved depository, like Brinks or Delaware, for your benefit.
How does a Gold IRA work?
Our Gold IRA allows you to hold physical precious metals such as bullion coins and bars of gold, silver, platinum and palladium in a tax-deferred account.
American Hartford Gold Group will walk you through the entire easy process to open the IRA, which can be funded with cash or a full or partial rollover from an existing retirement account. There is a long list of products that are IRA-eligible to include, including popular products such as American Gold and Silver Eagles. View our Product Catalog to see the many options we offer.
These precious metals can be stored for you in your choice of our recommended secure depositories. Our Gold IRA falls under the same tax rules as other IRAs.
Do my retirement funds stay tax-deferred with my Gold IRA?
Yes. Our Gold IRA has the same tax-deferment benefits as any other traditional IRA with the same limitations on early withdrawal.
Any contributions to your IRA can be deducted from your federal income taxes -- tax is only due upon withdrawal. As with other IRAs, the gold and silver you buy and hold cannot be withdrawn from the account until you reach the age of 59 1/2 years old, or you will have to pay taxes on your withdrawal as well as a 10 percent penalty for the early withdrawal.
You must also begin making mandatory minimum withdrawals at age 70 1/2 (and pay taxes on those withdrawals) as with any other IRA. If your Gold IRA is set up as a Roth account, you can make tax-free withdrawals anytime because you were already taxed on the contributions and you will not have to start withdrawing money out at age 70 ½.
Consult with a tax attorney or accountant to learn how these rules apply to your unique circumstances.
Can I store my IRA Precious Metals at home?
American Hartford Gold Group does not recommend storing your metals at home for precious metals IRA’s in compliance with Internal Revenue Code Sections: 408(m)(3)(B) and (n). We recommend any depository such as Brinks/DDSC that handles precious metals for IRA’s.
What kind of retirement accounts can I roll over into a Gold IRA?
All types of retirement accounts are eligible for either a partial or complete conversion to a Gold IRA. Funds within traditional IRAs, ROTH IRAs, SEPs, SIMPLEs, 401ks, 403bs, 457s, TSPs and annuities are all eligible for rollover.
You should refer to the specifics of your annuity prior to deciding to complete an annuity rollover as there may be fees or charges that apply. Consult with a tax attorney or accountant to learn how these options apply to your unique circumstances. Our IRA Product Specialists can assist you in arranging a rollover or transfer from your existing IRA into our Gold IRA.
Call us at 800-462-0071 today.
What kind of precious metals are allowed with a Gold IRA?
American Hartford Gold Group offers investors many advantages over other precious metals IRAs, including NO setup fees or transfer fees. We also offer free storage of your gold and silver for up to three years.
Call one of our Account Executives today at 800-462-0071 for more details.