Did You Know You Can Have a Precious Metals IRA?
 Over the past decade, many of our clients have expressed an interest in owning physical Precious Metals in their Retirement Accounts. In that time period, we have facilitated hundreds of Precious Metals IRA transfers.
We hope this information helps you make a sound decision with regard to properly positioning your IRA in these troubling economic times. Our Gold Specialists will work closely with you in order to accomplish your goals and objectives within the Precious Metals market.
Below are some commonly asked questions regarding Precious Metals IRA's:
Question: What types of Retirement Accounts can be rolled over into a Precious Metals IRA?
Traditional IRA's, ROTH, SEP 401k and 403b are all able to be rolled over into a Precious Metals IRA. Also, any employer-sponsored Retirement Plan that is eligible to roll over into an IRA is accepted. The IRA will still be classified as a Traditional, ROTH, or SEP IRA as defined by the IRS, but by being with a self-directed IRA custodian, it now can hold certain Precious Metals.
Question: Who should I first contact in order to transfer my existing Retirement Account into a Precious Metals IRA?
While there are several companies who can help you with this, we refer our clients to a company called Self-Directed IRA Services, a wholly owned subsidiary of Horizon Bank headquartered in Waco, TX. They will act as the Custodian for your account and facilitate the transfer of your existing Retirement Account into one that can be used specifically to acquire physical Precious Metals. Call us for information on starting this process.
Question: Can I take possession of the assets?
As required by law, IRA owners cannot have possession or control of their Precious Metals. They must be held in custodianship. All assets will be stored under high security at the Delaware Depository in Wilmington, Delaware. Delaware Depository maintains $200 Million in primary Precious Metals insurance coverage. Therefore, the assets cannot become the property of the Depository, nor can they become subject to the claims of any creditors.
Question: What fees are involved?
The account holder will pay $150 to SDIRA Services ($50 Annual Fee and $100 Precious Metals Holding Fee), annually. For simplicity, SDIRA Services will pay the Delaware Depository, so you only have one payment to a single company.
Question: What is the usual turnaround time?
Once you sign the transfer forms, the transfer of your existing account over to Self Directed IRA Services normally takes about ten days. Once the account is funded, you are then able to contact your Account Representative at Austin Rare Coins & Bullion to place the trade for your precious metals. When quantities and pricing have been agreed upon, the account holder will then authorize the trade instructions prior to SDIRA Services funding the trade. Then, SDIRA Services will fund the trade and the metals will be sent to Delaware Depository for storage.
Question: What types of products are allowed in the Precious Metals IRA?
Gold: American Eagle, American Buffaloes, Australian Kangaroos, Austrian Philharmonics, Canadian Maple Leafs, and NYMEX or COMEX approved Gold Bars or Rounds. Also, Proof Gold Eagles in U.S. Mint packaging are allowed.
Silver: American Eagles, Australian Koalas, Canadian Maple Leafs, and NYMEX or COMEX approved Silver Bars or Rounds.
Palladium: NYMEX or COMEX approved Bars or Rounds.
We hope this helps you in understanding many of the questions regarding Precious Metals IRA Accounts. If you have any specific questions regarding your IRA, or how to structure your Precious Metals portfolio, contact one of our Gold Specialists from 9am to 9pm seven days a week at 1-800-928-6468.
Self Directed IRA Services, Inc. is not affiliated with any investment product sponsor or issuer and does not sponsor, endorse, or investigate any investment. All SDIRA Services accounts are self-directed and accountholders accept and assume responsibility for the suitability, evaluation, selection, success, or failure of any investment. SDIRA Services, Inc. does not provide or offer investment and tax planning advice for its accountholders. SDIRA Services, Inc. is a wholly owned subsidiary of Horizon Bank, headquartered in Waco, TX and is not related with Austin Rare Coins, Inc.
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