Frequently asked questions
Still have questions? No problem! Here are answers to our most frequently asked questions.
What Metals can I keep in my Precious Metals IRA?
You can keep any IRS-approved metals in your Precious Metals IRA. However, we recommend American Eagle Coins for their respected value worldwide
Can I take physical possession of the metals?
The short answer is yes, and no. The IRS requires that the physical metals backing a Precious Metals IRA be held at an authorized third party storage facility, ensuring the safety of your tangible assets. Upon reaching the age of 59.5, you will qualify to take qualified IRA distributions, allowing you to take physical possession of your metals without any penalties.
Will I pay any penalties for rolling over my IRA or 401(k) to a Precious Metals IRA?
For most Americans, there are no penalties or taxes associated with rolling over your retirement account into a Precious Metals IRA, and you have the ability to roll your account over as many times as you would like. Certain plans have certain rules, but before any processes begin, our knowledgeable team of IRA Specialists will help you understand the ins and outs of your specific retirement account.
Who is the custodian of my Precious Metals IRA?
We recommend Self Directed IRA Services to be your new Precious Metals IRA custodian due to their expert industry knowledge, experience, and stellar client service.
Why do I need a custodian to hold the precious metals in my IRA?
This is the case with any IRA. The IRS requires that a custodian holds and tracks the assets in an IRA to allow you to maintain your tax-deferred investment strategy – a Precious Metals IRA is no different than your current qualified retirement account in this way.
Who is eligible for a Precious Metals IRA?
Any American citizen holding a qualified retirement account such as an IRA, 401k, 403B, TSP, 457
Deferred Compensation Plan, transferable pension, or other qualifying plans are eligible to transfer or roll-over their account directly into a Precious Metals IRA.
Speak to one of our Precious Metals IRA Specialists to learn more.
In what form can I receive distributions?
When eligible, you may take distributions from your Precious Metals IRA in the form of physical gold, silver, platinum, or palladium, depending on which metals are in your account. If you prefer to receive cash, Alliance Gold Group will help you convert your precious metals into cash, you can either request the cash be sent to you in the form of a check, or keep the cash in your IRA to continue to maintain your tax-deferred status. If you have additional questions, please feel free to give us a call and ask to speak
with your Alliance Gold Group IRA specialist.