FAQs about Precious Metal & Gold IRAs
1. Common Types of Retirement Plans that May Qualify
A tax-advantage arrangement that allows earnings and deductible contributions to grow tax- deferred. No income taxes are paid on the earnings and deductible contributions until withdrawals are made.
- Individuals may transfer an existing Traditional IRA to a qualified gold IRA with no penalties
A retirement arrangement that allows earnings and deductible contributions to grow tax-free. All of the tax benefits associated with a Roth IRA happen when withdrawals are made: withdrawals, subject to certain rules, are not taxed at all. There are no tax benefits associated with contributions because all contributions to a Roth IRA are made with after- tax monies.
- Individuals may transfer an existing Roth IRA to a qualified gold IRA with no penalties.
401(k) & other employer-sponsored plans
An employer-sponsored retirement plan that allows employees to save for retirement while deferring income taxes on the earnings until withdrawal.
- Individuals may, in some cases, convert an employer-sponsored plan into a gold IRA
2. Frequently Asked Questions about Precious Metal IRAs
Q: Will I physically hold the metal?
A: No. If you purchase gold or silver within your existing IRA you will not take possession
of the metal. It is stored at an insured, regulated depository in your name. Once you reach
the age of 59 1/2 you may then take delivery without penalty.
Q:How long does the transfer process take?
A: Each application is unique and may vary. On average, the process is completed
in two weeks. Using your existing IRA information, we will help you complete the paperwork.
Q:Will I have a tax implication?
A: No. There are no tax implications for transferring assets from one qualified
retirement plan into another.
Q: Is this expensive to set up?
A: On average, the establishment fees are $250. These fees are based on the amount
Q: Is there a minimum amount I must transfer?
A: The initial transfer must be $5,000 or greater.
Q: What types of metals are allowed in retirement accounts?
U.S. Gold, Silver, and Platinum America Eagles coins, as well as certain other bullion coins or bars that meet IRS requirements. Please call us for more detail.
Once you have established an interest in a Gold retirement plan, call your Swiss America representative at (800) 289-2646. They will answer any questions you may have.
DISCLAIMER: 1. Swiss America Trading Corporation, its principals and representatives, in no way guarantee a profit or guarantee against a loss on any coin purchase. 2. Significant price swings in a short period of time are possible. 3. The degree of liquidity for certified coins will vary according to the general market conditions and the particular coin involved. 4. Swiss America and its representatives are not certified to provide tax, legal, insurance or investment advice. You are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives as well as your personal and financial situation. You should consult an accountant, attorney or tax professional regarding your specific legal or tax situation.