Benefits of a Precious Metals IRA

At SwissAmerica.com, we understand the importance of securing your financial future. That's why we offer Precious Metals IRAs, which provide numerous benefits for investors looking to diversify their retirement savings.

Diversification: Adding gold or other precious metals to your retirement portfolio can help diversify your investments beyond traditional stocks, bonds, and mutual funds. Precious metals historically have low correlations with other asset classes, reducing overall portfolio risk.
Hedge against inflation: Gold and other precious metals have historically acted as a hedge against inflation. When the purchasing power of fiat currencies declines due to inflation, the value of gold tends to rise, preserving your purchasing power over time.
Portfolio protection: Gold and other precious metals can provide insurance for your portfolio against economic uncertainty, geopolitical instability, and market downturns. During economic turmoil or market volatility, precious metals often retain their value or appreciate, offering stability to your overall portfolio.
Potential for Growth: While past performance is not indicative of future results, gold and other precious metals have the potential to appreciate over the long term. As global demand for precious metals grows, particularly in emerging markets, the value of these assets may increase.
Tax Advantages: Precious Metal IRAs offer the same tax advantages as conventional IRAs. Depending on the type of IRA you choose (Traditional or Roth), contributions may be tax-deductible or withdrawals tax-free, respectively. Additionally, any gains on your investments within the IRA are tax-deferred until withdrawal.
Physical Asset Ownership: With a Gold or Precious Metal IRA, you can own physical gold or other precious metals directly within your retirement account. Tangible assets provide an extra layer of security to your savings.
Protection Against Currency Devaluation: Gold and other precious metals are not tied to any specific currency, making them valuable assets in times of currency devaluation or economic instability. Holding gold can help protect your purchasing power when fiat currencies lose value.
Long-Term Preservation of Wealth: Gold and other precious metals have been recognized as stores of value for thousands of years. Investing in Gold or Precious Metal IRAs can help preserve your wealth over the long term and provide a stable foundation for your retirement portfolio.

Common types of retirement plans that may qualify

You can hold precious metals in IRA accounts like:

Traditional IRA

Unlock the power of tax-deferred growth with a Silver IRA. This investment strategy allows your earnings and deductible contributions to grow without an immediate tax burden. Earnings grow tax-free until withdrawal, at which point they become taxable income.

You can transfer an existing Traditional IRA to a qualified precious metals IRA with no penalties.

Roth IRA

A retirement account where you contribute after-tax dollars. Earnings grow tax-free, and qualified withdrawals in retirement are typically tax-free. This includes both your contributions and any earnings on those contributions. Qualified withdrawals from Roth IRAs are tax-free, including any capital gains on the precious metal's appreciation.

You can transfer an existing Roth IRA to a qualified precious metal IRA with no penalties.

SIMPLE IRA

A retirement plan for small businesses with 100 or fewer employees. This plan provides tax advantages and allows participants to diversify retirement savings with investments in precious metals.

You can convert all your SIMPLE IRA to a self-directed precious metals IRA.

SEP IRA

A retirement plan for self-employed individuals and small business owners. SEP IRAs allow for tax-deductible contributions that grow tax-deferred until withdrawal. This plan offers higher contribution limits compared to traditional IRAs.

You can convert your SEP IRA into a self-directed precious metals IRA.

401k employer-sponsored plans

An employer-sponsored retirement plan for employees to save for retirement while deferring income taxes on the earnings until withdrawal.

In some cases, you can convert an employer-sponsored plan into a precious metals IRA. Our team can help you understand your options.

Introduction to Self-Directed IRAs

A self-directed IRA (SDIRA) empowers investors to have more control over their investment choices compared to traditional IRAs. With a SDIRA, you can invest in a wider range of assets, including precious metals, real estate, private equity, and more. This increased control and flexibility make SDIRAs an attractive option for diversifying retirement savings.

Different types of Precious Metals IRAs

There are several types of metal-back retirement accounts available, each offering its own set of rules and benefits:

Traditional Precious Metals IRA
Roth Precious Metals IRA
SEP Precious Metals IRA
SIMPLE Precious Metals IRA
Other IRA

Each type of IRA has unique tax advantages and contribution limits, allowing investors to choose the one that aligns with their financial objectives.

Eligible precious metals for IRAs

The IRS has specific requirements for the types of precious metals eligible for inclusion in IRAs:

Gold: Must meet a minimum fineness of .995, except for American Eagle coins.
Silver: Must have a minimum fineness of .999.
Platinum: Must have a minimum fineness of .9995.
Palladium: Must have a minimum fineness of .9995.

These metals are popular choices for IRAs due to their long-term investment track records and ability to act as a hedge against inflation and economic uncertainty.

How to Open a Precious Metals IRA

Open a metal-backed retirement account in 5 easy steps:

Step 1: Open the account

Transfer funds from an existing IRA or 401(k) to a custodian that specializes in precious metal IRAs.

Step 2: Choose your precious metals

Work with your account executive to select metals, such as gold coins or silver bullion, that align with your investment goals.

Step 3: Make your purchase

Complete the necessary paperwork and make the purchase.

Step 4: Store your metals

Your self-directed IRA custodian will store your metals securely at an approved depository.

Step 5: Relax and watch your wealth grow

Rest easy knowing your physical metals are stored in a secure, IRS-approved facility.

Costs involved in setting up and maintaining a Precious Metals IRA

Setting up and maintaining a precious metals IRA incurs one-time and annual fees:

One-time fees: Account set-up fees
Annual fees: Storage and management fees

Safety of physical precious metals stored in an IRA

Precious metals held in an IRA are stored securely at approved depositories, offering state-of-the-art security measures and insurance coverage.

Choosing a precious metals dealer for your Gold IRA

Why choose Swiss America for your Gold IRA?

As one of the most established precious metals dealers with over four decades of experience, Swiss America stands out as your trusted physical metals partner. Our expertise and dedication to customer success make us the ideal choice for your precious metals investment.

We offer:

Expert guidance: Our knowledgeable team provides personalized advice to help you make informed decisions about your metal-backed retirement account.
Premium products: We offer a carefully curated selection of IRS-approved gold and silver products, verifying the highest quality for your investment.
Transparent pricing: Enjoy competitive prices with no hidden fees, allowing you to maximize your investment potential.
Secure storage: Rest easy, knowing your precious metals get stored in state-of-the-art, fully insured facilities through our storage partner.
Exceptional customer service: Experience our commitment to your satisfaction with responsive, professional support throughout your investment journey.

Get started with a Precious Metals IRA today!

Are you ready to secure your financial future with the timeless value of precious metals? Swiss America is here to guide you every step of the way.

Don't wait to protect your wealth from market volatility and economic uncertainties. Contact Swiss America today and take the first step towards a more secure retirement.

Our expert advisors can answer your questions, explain the process, and help you create a customized precious metals strategy that aligns with your financial goals. Contact us now to learn more about how to secure your retirement!

Precious Metal IRAs: FAQs

Will I physically hold the metal?

No, an insured depository securely stores metals in your name.

Is a Precious Metals IRA tax-free?

No, a Precious Metals IRA is not tax-free; it offers tax-deferred growth, meaning you'll pay taxes upon withdrawal.

How long does the transfer process take?

Each application is unique and may vary. On average, the process takes about two weeks. Swiss America will help you complete the paperwork using your existing IRA information.

Will I have a tax implication?

There are no tax implications for transferring assets from one qualified retirement plan into another.

How much does it cost to have a Precious Metals IRA?

Fees typically range from $250 for account establishment and the first year of fees.

Is there a minimum amount I must transfer?

The initial transfer must be $5,000 or greater.

What types of metals are allowed in retirement accounts?

U.S. Gold Silver, and Platinum America Eagles coins and certain other bullion coins or bars that meet IRS requirements. Please contact the Swiss America team for more details.

Can you withdraw from a Precious Metals IRA?

Yes, you can withdraw from a Precious Metals IRA, but you may incur taxes and penalties if you're under 59½.