Golden IRA FAQ's
1) How do I actually set up a Golden IRA?
Simply request the Free Golden IRA Free Information on the front page of the retirement center. It will take a just a few days for you to receive and complete the easy forms and send it back to us to open your account. A representative is there to answer any of your questions and help you through any details. You may also complete our IRA Account Form and a representative will contact you.
2) Who is eligible to make IRA contributions?
Generally, anyone under age 70 and a half who earns income from employment, including self-employment, can make annual contributions to an IRA.
3) How much may I contribute to my IRA annually?
You can contribute a maximum of $5,000 (plus a catch-up contribution of up to $1,000 for individuals age 50 and over) or 100% of your compensation, whichever is less, to an IRA each year. SEP Plans and Pensions have higher limits.
4) If I already have an IRA or other retirement accounts, can I transfer all or a portion of those proceeds to a Golden IRA?
Absolutely! Simply complete the IRA Account Form and we'll help you transfer any portion of your existing Retirement accounts that you wish.
5) What is a direct rollover?
A direct rollover is a distribution from your employer retirement plan which is sent to your IRA or another employer retirement plan. The 20% withholding is not imposed on a direct rollover.
6) When can I start withdrawing distributions from my IRA?
You can begin withdrawals at age 59 1/2. Except for certain circumstances, any funds you withdraw before that date are subject to a 10% penalty. You must begin withdrawals at age 70 1/2. For Roth IRAs, after five years, you may withdraw funds tax-free and penalty-free before age 59 1/2 for a first-time home purchase or to pay college costs. Further, you don't have to begin withdrawals from a Roth IRA when you reach age 70 1/2.
**The statements made in this website are opinions and past performance is no indication of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. LCI cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer's decision alone, and purchases and sales should be made subject to the customer's own research, prudence and judgment.