How do I move money from another retirement account into a Precious Metals IRA?

There are two safe, tax-free and penalty-free methods used to transfer money between retirement accounts: the direct trustee-to-trustee transfer and the 60-day rollover option.

  1. The trustee-to-trustee process moves your retirement monies from your current IRA provider directly into the hands of your new Precious Metals IRA provider.
  2. If the 60-day rollover method is used, your current IRA account provider mails a check to your home address; you will then simply mail that check directly to your new Precious Metals IRA provider. As long as this check is provided to the new IRA custodian and deposited into your new IRA account within 60-days, there are no taxes or penalties incurred.

We know this rollover process can seem complicated and we urge our clients to let us do the heavy lifting! With your consent, your IRA team member will assess which method would work best for your portfolio and will handle the entire process on your behalf, filling out the paperwork or making any necessary phone calls. Lear's IRA Department has successfully processed over $1 Billion of these types of transactions and you can rest assured your IRA team member will assist you step-by-step through the entire process.

Other Questions

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.