Start a Gold & Silver IRA
PRECIOUS METALS IRA: Smart planning and diversification
With today’s confusing and uncertain economic conditions which include inflation, record debt at all levels, and rising geopolitical tensions, many prudent investors are taking some of their profits from record-high equity markets off the table and diversifying into physical precious metals: gold, silver, platinum, and palladium.
What many don’t realize is this can be done in the form of a retirement account called a Self-Directed, Precious Metals IRA which provides greater freedom in the available assets. These accounts can be created for those opening their first IRA or converted from existing IRA and 401(k) accounts. We’ll refer you to the best custodian to oversee your IRA and step you through the process until your metals are delivered for safe storage at your chosen depository as required.
STEP ONE: Call us to get started
Since 1989, Austin Rare Coins & Bullion has built an impeccable reputation for one-on-one advice, guidance, and customer service. We’ve assisted countless clients in opening Precious Metals IRA Accounts, then educating, and guiding their acquisitions.
Working together, we can help you learn about, open, and build a customized precious metals IRA. Call an Austin IRA Advisor at 1-800-928-6468 or enter your information on THIS IRA FORM PAGE to have us contact you.
STEP TWO: Open and fund your account with a Custodian
As your Precious Metals Dealer, we will advise you on what you can own in your IRA, design your acquisition together, and answer any of your precious metals-related questions. However, you need a custodian for your new Self-Directed/Precious Metals IRA Account and that’s why we’ve partnered with New Direction Trust Company to handle the details of opening your new account, transferring funds from your current IRA or 401(k), and maintaining your account in the years ahead.
If you prefer, or already have an IRA with another custodian (for example GoldStar Trust Company, STRATA Trust Company, or Equity Institutional), rest assured that we work with all of them. New Direction is simply our top recommendation.
Our partnership with them has created a process that’s as smooth and efficient as possible for you. We’ll have answers to many of your questions and, when necessary, we’ll refer you to our friends at New Direction whom you can reach at 1-877-742-1270, ext. 155.
Be sure to download New Direction’s Precious Metals Transaction Guide which provides an excellent education on all things related to Precious Metals IRA accounts.
STEP THREE: Patience, education, acquisition, forms
PATIENCE: As you may expect, this process will require some patience since new account creation, liquidating positions, and transferring funds between brokerages can take one to two weeks. We can use this time to complete your education, answer your questions, and then discuss and develop a game plan for your acquisition so we’re ready to go when your New Direction Account is complete.
ACQUISITION & FORMS: Once you have the green light, we’ll proceed with your customized acquisition. If you’ve done business with us before, this process won’t be much different other than the need for some paperwork with which we’ll assist and the fact that you obviously won’t be receiving your gold and silver.
STEP FOUR: Shipping to your depository
As discussed, we’ll ship your acquisition to a highly reputable and secure depository of your choice. We work with all depositories but recommend International Depository Services (IDS). Delaware Depository Services (DDSC) is a great second option.
That’s it. Now you’ve secured retirement funds in physical precious metals – one of the best asset classes for wealth preservation, safety, and growth in the years ahead. New Direction’s Client Portal provides your account details and both they and us are here for your future needs.
Estimated IRA Fee Summary
Here’s an overview of the fees you can expect from New Direction. Please understand that this is an estimate only and is subject to change. Please contact New Direction, or your custodian of choice, to verify.
First-year total fees = $305 + storage
- $30 Application Fee
- $95 Transaction Fee (per purchase or sale of metals)
- $30 Outgoing wire fee
- $150 Annual Fee
- Storage fees vary depending on the storage provider
Following year fees = $150 + storage
A Few Extra Useful Links
IRA FORM PAGE to have us contact you.