Unfortunately, if your IRA account is invested in stocks, mutual funds, ETFs, bonds (or other traditional investment vehicles), then it is highly unlikely that your current IRA provider is able or willing to manage a physical asset such as precious metals. The brokerage firms that most people utilize to manage their IRAs are only equipped to buy and sell shares in the stock market and store information digitally. In order to invest your IRA in physical precious metals, you have to open a special type of IRA called a “Self-Directed IRA” and you should work with a company who contracts with an IRS-approved storage facility with experience managing physical assets. We will help you open one of these versatile Self-Directed IRAs so that you may invest in physical precious metals.
- How does the process work?
- In a Precious Metals IRA, do I actually own the physical metals or do I just get certificates?
- Where are my metals stored?
- Are my metals safe at the depository? What if something happens to them (theft, damage)?
- How do I move money from another retirement account into a Precious Metals IRA?
- If I transfer money from my IRA into a Precious Metals IRA, are there any taxes or penalties?
- Is the paperwork complicated?
- I have many different investment accounts in my portfolio. Which ones can I rollover into a Precious Metals IRA?
- How long does this process take?
- What does it cost to set up and maintain a Precious Metals IRA?
- How can I track my portfolio's performance?
- What happens when I want to take a distribution or process my annual Required Minimum Distribution (RMD)?
- Can I make contributions to this account like I normally would with my current Traditional IRA?
The statements made on 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. Lear Capital, Inc. 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.