Retirement Accounts - Rollovers - Transfers to a Self-Directed IRA, SDIRA
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Self-
Directed IRA
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What is a Self-Directed IRA (SDIRA)?
A Self-Directed Individual Retirement Account is abbreviated as SDIRA. It is most commonly known as a Precious Metals IRA. You can also expand your Precious Metals Self-Directed IRA with a diverse range of investment options. See the list in the next section.
A Self-Directed IRA Doesn't Just Offer a Diversification Hedge...
It Can Construct a Solid Foundation, Empowering You to Protect Wealth, Foster Growth, and Navigate Volatility in the Paper & Real Estate Markets.
Standard IRA vs. Self-Directed IRA:
The most notable difference between the two IRAs is that a standard IRA is managed by a financial institution that offers only paper investments like stocks and bonds, whereas a Self-Directed IRA custodian allows for many more investment choices such as precious metals, real estate, mortgages, loans, cattle, commodity options, stocks, mutual funds, and more.
Precious Metals include gold, silver, platinum, or palladium.
Benefits of a Self-Directed IRA (SDIRA):
Also Known as a Precious Metals IRA:
The primary motive behind a rollover is to gain benefits such as a broader range of investment choices while preserving the tax-deferred status of your retirement savings. Many employer retirement account plans, including pension funds, TSPs, 403(b), 401(k), etc.... offer extremely limited investment options. Although the funds in a 401(k) belong to you, control and major decision-making about the account reside with your current or former employer, which might not always align with your investment goal objectives.
Typically, the custodian or brokerage institution is picked by your employer. These institutions usually offer a limited selection of investment choices. For instance, many require you to choose between mutual funds that are owned and managed in-house by these institutions. These mutual funds often come with high ongoing management fees, which can be upwards of 1% per year.
Furthermore, some custodians restrict the option to hold your 401(k) funds in cash, thus limiting your ability to sit on the sidelines away from the market if you feel uncertain. For instance, as of 2023, many APD retirement accounts did not allow retirement funds to be in cash positions.
Lastly, the accessibility of your 401(k) funds can also depend on the financial stability of your employer. A notable example is the Enron bankruptcy, which resulted in an average delay of 18 months for employees to access their funds following the company’s collapse.
The information on IRA Types is provided directly from the IRS website and is current through March 2024. You can find more retirement account plan types and information on their site.
Click here: Types of Retirement Plans | Internal Revenue Service (irs.gov)
How to Move to a
Self-Directed IRA:
1. Open Your Self-Directed IRA
Our IRA Specialists will assist you in completing the paperwork and share a quick overview of the process, cost, and timing. See below the list of types of accounts that are eligible to move to a Self-Directed IRA.
2. Transfer Funds to Your New IRA Account
We will assist you with the rollover or transfer of funds from your existing retirement account to your new Self-Directed IRA. Funding is completed in as little as 3 days. There is usually no need to call your current custodian.
3. Choose Your IRA Assets
Once your account is funded, we can provide you with a simple asset overview. You can select all gold, all silver, or a combination of metals that resonates with your goals and objectives. Your chosen assets are then shipped directly to your IRA-designated depository.
Eligible Accounts for Rollover/Transfer Include:
All Types of IRAs, Inherited Retirement Accounts, 401(k), Pension Plans, 403(b), 457, & TSPs
* Ask us how you can earn up to 10 years of free Hard Asset IRA yearly maintenance fees *
Common Questions About Self-Directed IRAs
Retirement Account Rollovers/Transfers to a SDIRA also known as a Precious Metals IRA
What is a Retirement Account Rollover?
By investing retirement funds in a Self-Directed IRA, you can accumulate profits without tax implications.
What Retirement Accounts Can Rollover?
All types of qualified retirement accounts can rollover, such as 401(k), 401k Roth, Pension Plans, 403(b), 457, TSPs, and all inherited IRA accounts.
What is an IRA Transfer?
A transfer on the other hand refers to the funds in a retirement account being moved from one custodian company to another, and its ‘type’ status has not changed. Example: You have a Traditional IRA with Fidelity, and you move it to a Traditional Self-Directed Precious Metals IRA with Harvard Gold Group’s help, this is considered a transfer because the type of account ‘Traditional’ remains unchanged. The same applies to SEP, SIMPLE, and Roth IRAs.
IRAs That Can Transfer to Gold/Silver
All types of IRAs can be transferred to a gold and silver IRA which is almost always tax-free and penalty-free to move. Most IRAs are called Traditional IRAs, they typically originate from an old employer’s retirement account rollovers. Other types of IRAs are called SEP, SIMPLE, and Roth IRAs. When you transfer a qualified IRA to a Self-Directed IRA (SDIRA), they retain their name status and benefits such as a Traditional IRA turns into a Self-Directed Traditional IRA.
Disclaimer: All information above and any tax-related information is as of the 2023 tax year. HGG doesn’t offer tax advice but provides general tax rules and information from the IRS website. There can be exceptions in some cases and rules can change with no notice. You can visit www.irs.gov
IS GOLD BETTER THAN SILVER OR VICE VERSA?
IRS Approved Precious Metals
Self-Directed IRA accounts enable investment in precious metals such as gold and silver, offering a valuable avenue for asset diversification and financial safeguarding. However, IRS guidelines dictate specific requirements for approved precious metals.
The most popular gold IRA coin in America is the prestigious Gold American Eagle. The first American Eagle Gold Coins were released to the public in 1986, available in four denominations: one-ounce, one-half ounce, one-quarter ounce, and one-tenth of an ounce. The most sought-after is the one-tenth of an ounce. The IRS allows for several other countries minted and guaranteed coins within your IRA, but the main requirement is that the gold coin must have a minimum purity of 99.5%.
Examples of IRS-approved gold assets include:
Silver IRA coins and bars must be 99.99% pure. This fineness level is found in most assets sold by Harvard Gold Group.
Examples of IRS-approved silver assets include:
Featured Products for Gold & Silver IRAs
Gold American Eagle
U.S. Mint
Silver American Eagle
U.S. Mint
Gold Canadian Maple Leaf
Royal Canadian Mint
Silver Canadian Maple Leaf
Royal Canadian Mint
Considering Adding Platinum and/or Palladium to your IRA?
Ensure it meets the minimum purity requirement of 99.95%. Approved platinum options include American Platinum Eagles and the majority of platinum bars endorsed by the IRS.
Palladium is a sought-after precious metal that can be included in IRA portfolios. However, IRS regulations mandate that only palladium with a purity level of 99.95% or higher is eligible for deposition into an IRA account. Fortunately, many palladium bars and coins, such as the American Palladium Eagle, meet the IRS standards and are approved for IRA investment.
We Guide and Assist You Every Step of the Way!
Planning is essential when deciding when and how to retire. Harvard Gold, America’s #1 Conservative Gold & Silver Company is here to help you protect and diversify your retirement savings. Avoid letting rising inflation and the next financial crisis shatter your aspirations. A Precious Metals SDIRA can help give you peace of mind and help you enjoy the rest of your life.
Call our Precious Metals Specialist today at (844) 977-GOLD
Why Harvard Gold Group?
Harvard Gold Group is America's #1 Conservative Gold Company
As seen on 660AM The Answer with Mark Davis, The Babylon Bee, Not The Bee, The New York Sun, and more. Exceptional customer service and value are the top priorities of Harvard Gold Group (HGG).
HGG is BBB-accredited, holds 5-star ratings across the board, and provides free consultations and metals overviews. We offer tax-free purchases, free 2-day shipping, the best pricing, and direct access to our co-owners, who have over 15 years of experience specializing in precious metals, moving over a hundred million dollars into tangible assets for people's IRAs/retirement accounts and for direct delivery. Customers enjoy lifetime account care and a straightforward buyback program without hassle or liquidation fees.
✔ Tax-Free & Penalty-Free: A Rollover or Transfer of your Retirement Account is almost always tax-free and penalty-free.
✔ Free Metals/Promos: Earn up to $15,000 in FREE Gold/Silver/Promos, on qualifying purchases.
✔ Free Retirement Account Rollover/Transfer: Zero cost to rollover/transfer/move retirement accounts or IRAs to a gold/silver IRA. *You can also earn up to 10 years of Precious Metals IRA yearly maintenance fees*.
✔ Privacy: We protect your privacy and believe it is a commodity as valuable as time, you can't get it back. We do not sell your information to third parties.
✔ HGG Lifetime Account Care: Providing a dedicated account specialist and keeping you updated with market news and trends.
✔ Harvard BuyBack Program: Hassle-free buyback of HGG metals with no liquidation fees.
✔ Guaranteed Precious Metals: We only deal in government-issued coins and branded bars.
✔ Free Shipping: Your precious metals are shipped privately and fully insured to the location of your choice. You can opt to have them delivered directly to your home, business, or an independent depository.
✔ Lowest Pricing: We are committed to offering you the best value possible, with a comprehensive price-match policy.
✔ Customer Satisfaction Guarantee: Harvard Gold Group is a 5-star rated company and strives to maintain exceptional customer service satisfaction.
✔ You work directly with the founders of HGG.
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