What retirement vehicles are available for a government-approved precious metals account? We can process 401k rollovers, IRA and ROTH transfers and SEP gold-backed IRAs for clients who own a business.
Existing IRAs with investment firms, credit unions, banks, or other financial institutions can be easily transferred to an independent storage facility.
U.S. Gold Exchange Group protects your gold retirement account. According to laws governing IRA accounts, in order for your precious metals to remain in your retirement account they must be kept in an independent and insured vault licensed by the NYMEX (New York Mercantile Exchange), COMEX (New York Commodities Exchange), or CBOT (Chicago Board of Trade). All of your metals will be stored in your vault under your control. The contents of your vault will be audited quarterly by an independent accounting firm. After the audit, you will receive a statement in the mail.
Q: Are there any tax implications when transferring assets from my current plan into a gold- or precious metal-backed IRA?
A: No. There are no tax implications whatsoever.
Q: Are there any penalties involved?
A: No. There are no penalties whatsoever.
Q: What is the amount of time needed to complete the transfer?
A: A simple application is sent to you to be completed. Basic account information is needed along with three signatures. It takes about two weeks to complete the transfer of funds.
Q: What is the minimum amount needed for this investment?
A: The minimum is $5,000.
Q: What costs are involved in the storage and auditing of my precious metals?
A: The average cost is $175 per year. The vault fee is around $100 and the administration fee is about $75 for accounting and statement fees. Your fees are based upon the amount that you are depositing or transferring.