Precious Metals IRA Easy as 123
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Benefits of Buying Process with SICC
1. Security & Authenticity
- Guaranteed IRS Approved Precious Metals
- Proper certification and purity assurance
- Secure and insured transactions
2. Competitive Pricing
- Fair market value pricing
- Bulk purchase discounts
- Transparent pricing with no hidden fees
3. Expert Guidance
- Personalized consultations on portfolio diversification
- Up-to-date market insights and trends
- Assistance with SDIRAs and investment strategies
4. Convenience & Flexibility
- Various payment options, including bank transfers and cryptocurrency
- Insured and secure shipping options
- Buyback programs for easy liquidation
5. Customer Trust & Reputation
- Established credibility in the precious metals industry
- Positive customer reviews and repeat buyers
- Compliance with industry standards and regulations
Precious Metals Self-Directed IRA in 3 Easy Steps
What is a Self-Directed IRA (SDIRA)?
A Self-Directed IRA (SDIRA) is a retirement account that allows individuals to invest in alternative assets, such as precious metals, real estate, and cryptocurrencies, beyond traditional stocks and bonds.
Benefits of a SDIRA
- More control over your retirement investments
- Diversification beyond traditional assets
- Potential hedge against inflation and market volatility
Why Invest in Precious Metals?
IRS approved precious metals like gold, silver, platinum and palladium have been trusted stores of value for centuries.
Adding them to your SDIRA offers:
Inflation Protection
IRS approved gold, silver, platinum and palladium tend to hold their value even as paper currencies decline.
Portfolio Diversification
Reduces risk by balancing traditional stock-heavy portfolios.
Tangible Asset Security
Unlike stocks, precious metals are physical assets with intrinsic value.
FAQ's
Can I Hold Physical Precious Metals in My SDIRA?
Yes, but only IRS-approved metals. These include specific gold, silver, platinum, and palladium coins and bars that meet purity requirements. The metals must be stored in an IRS-approved depository, not at home.
What Types of Precious Metals Are Allowed in an SDIRA?
The IRS permits the following:
- Gold: Must be at least .999 Fine (e.g., American Gold Eagle, Canadian Gold Maple Leaf).
- Silver: Must be at least .999 Fine (e.g., American Silver Eagle, Canadian Silver Maple Leaf).
- Platinum: Must be at least .999 Fine (e.g., American Platinum Eagles, Canadian Platinum Maple Leaf).
- Palladium: Must be at least .999 Fine (e.g., American Palladium Eagles, Canadian Palladium Maple Leaf).
How Do I Purchase Precious Metals for My SDIRA?
- OPEN and fund a Self-Directed IRA with a qualified custodian.
- FUND: Instruct your custodian to purchase metals from an approved dealer (like us).
- SECURE your approved precious metals. The metals are shipped to an IRS-approved depository for secure storage.
Can I Take Physical Possession of My Metals?
No, IRS regulations require SDIRA metals to be held in an approved depository. Withdrawing metals from your SDIRA before retirement age is considered a distribution and may be subject to taxes and penalties.
Where Are My Precious Metals Stored?
They are stored in a third-party, IRS-approved depository that offers high-security vaulting and insurance coverage.
What Are the Tax Advantages of an SDIRA with Precious Metals?
- Traditional SDIRA: Contributions may be tax-deductible, and gains grow tax-deferred.
- Roth SDIRA: Contributions are made with after-tax dollars, but withdrawals (including profits) are tax-free in retirement.
Are There Any Fees Involved?
Yes, typical fees include:
- Custodian setup and maintenance fees
- Transaction fees for buying/selling metals
- Depository storage fees
How Do I Sell My Precious Metals in an SDIRA?
- Contact your custodian to initiate a sale.
- The metals are sold, and proceeds are returned to your IRA.
- You can reinvest or withdraw funds (subject to IRS rules).
What Happens to My Metals When I Retire?
You have two options:
- Sell the metals within your SDIRA and withdraw cash.
- Take an in-kind distribution (physical metals), which may trigger taxes based on fair market value at the time of withdrawal.
Can I Transfer an Existing IRA or 401(k) into a Precious Metals SDIRA?
Yes, you can roll over funds from a traditional IRA, Roth IRA, 401(k), or other retirement plans into an SDIRA without penalties if done correctly. Work with a qualified custodian to ensure compliance.
Why Should I Invest in Precious Metals Through My SDIRA?
- Hedge against inflation and economic uncertainty
- Portfolio diversification
- Tangible asset ownership with intrinsic value
- Potential tax benefits
