Gold: $1238.30 | Palladium: $779.50 | Platinum: $1002.50 | Silver: $18.08 |

Gold IRA FAQs

Below are the most common questions clients have about opening a Precious Metals IRA. For questions regarding your unique needs and goals, please feel free to call our IRA experts toll-free at 855-GOLD-IRA (855-465-3472). If you’d like to set up a brief appointment to discuss your objectives, or have any other Gold IRA FAQs, contact us here and we’ll arrange to call at a time that’s convenient for you.

How do I roll over my existing IRA or 401k to a Gold IRA?

The process is completed in three steps: First, we’ll open a new Goldco Precious Metals IRA for you. Then we’ll help you fund your new account with the assets in your old IRA – there are no penalties, and you don’t need to invest additional money. Once the funds are transferred to your IRA account, we’ll then provide you with resources to select the precious metals that are best for your financial goals. Goldco Precious Metals will be there to walk you through every step of the process, which typically takes about 10 business days.

Who is eligible for a Traditional Precious Metals IRA?

If you are under age 70 1/2, and have earned income, you’re eligible for a Precious Metals-funded IRA.  You can choose to set up a Gold IRA, Silver IRA, or an IRA with a combination of precious metals.

How long does it take to roll over my IRA to a Gold IRA?

Typically two weeks. But, each application is unique and the exact amount of time it takes to roll over varies. Your experienced Goldco Precious Metals Account Executive will help you gather and complete all of the necessary documents for your rollover, and can also provide you with an estimate for how long your specific rollover will take.

Are there penalties for moving my IRA or 401(k) to a Gold IRA?

No.  An IRA rollover is a common, tax-free process with no fees or penalties, if done correctly.  You can decide to roll over your current IRA to a new IRA at any time, as many times as you like, as long as the funds are deposited into your new IRA account within 60 days.  Talk to a Gold IRA Expert at Goldco Precious Metals to learn more.

What type of metals can I keep in my Gold IRA?

The most popular assets in a precious metals IRA are gold and silver. In addition, for investors interested in diversifying their portfolio, we also offer platinum and palladium.

You can choose from both coins and bullion, although we often recommend professionally selected proof coins because their numismatic significance often drives the price above the value of the metal in the coins.

Regardless of which precious metals you choose, the IRS approves for IRA inclusion only metals which are of a mandated fineness. Your expert Goldco IRA Account Executive can help you pinpoint the right mix of precious metals to meet your investment goals.

What other types of accounts qualify for rollover to a Gold IRA?

If you have a 401(k), 403(b) retirement plan for public employees or employees of tax-exempt organizations, 457 Deferred Compensation Plan, Pension Plan, Thrift Savings Plan, TIAA CREF, or non-traditional IRA, you may qualify. Call one of our Gold IRA experts to learn more.

How do I keep my precious metals safe while they’re in my IRA

When you open a Goldco Precious Metals IRA, we’ll help you transfer your gold, silver and other precious metals to a secure vault in an IRS-approved depository.

The IRS requires physical metals funding a precious metals IRA account be maintained by a depository and administered by the custodial financial institution. This ensures the safety of each account’s assets until the owner reaches age 59 1/2, when he or she becomes eligible to take qualified distributions.

In what form can I receive distributions?

You may receive distributions from your Precious Metals IRA in the form of physical gold, silver, platinum or palladium, depending on what metals are in your account. If you prefer to receive cash, Goldco Precious Metals will help you convert your precious metals into cash.

Can I take physical possession of the metals?

Your metals are held in a depository in your name. Note that there is no co-mingling of metals at all. At the age of 59 1/2, you will be able to take physical possession of your metals without any penalties.

When will I be eligible for distributions from my Gold IRA?

At the age of 59 1/2, the beneficiary of a Precious Metals IRA may begin receiving penalty-free distributions from their account.

Who is the custodian of Goldco Precious Metals Gold IRA?

We use Equity Institutional & Self Directed IRA as the custodian of your Goldco Precious Metals IRA.

Equity Institutional is the industry leader in providing alternative investment custodial services to brokers, advisors and sponsors, with more than $12 billion under custodial administrations.

Self Directed IRA has over 40 years of combined experience in the self directed IRA industry and provides administration and custody of alternative and traditional assets in self directed IRAs for individuals and small businesses nationwide.

Why do I need a custodian to administer the precious metals in my IRA?

This is the case with any IRA. The IRS requires that a custodian administer and track the assets in an IRA – a Precious Metals IRA is no different.

Does Goldco Precious Metals sell precious metals without a Gold IRA?

Yes. Goldco Precious Metals is a full-service precious metals firm. We can help you buy gold and other precious metals for secure delivery to your location.

gold ira faqs