PRECIOUS METALS IRA
Many of our clients look to add precious metals to their retirement funds. Fortunately we can help you convert your retirement funds into a Precious Metals IRA. The specific tax benefits of a self-directed IRA or self-directed Roth IRA can be found in Section 408(m) (3) of the Internal Revenue Code.
All self-directed IRAs must be established through independent third party firms known as custodians. Experience and capacity are critical elements when evaluating a custodian. Custodians do charge fees for their services. Their fees may vary from firm to firm and are usually spelled out on their web sites and in their literature. These may include fees to open and IRA, initiate purchase or sales transactions, precious metal shipment and storage, account administration and insurance.
They undergo special audits to document their financial strength and custodial performance. Custodians establish IRAs for their clients and then execute all asset purchases or sales authorized by the client and perform all required record keeping functions. They also prepare statements for the account holder and file documents with the IRS. One critical responsibility is to be certain all IRA holders’ investments and transactions qualify for the tax deferred or tax-free advantages of their self-directed accounts.
A Gold IRA account must be held in the physical possession of a U.S. Trustee otherwise known as a U.S. bank or financial institution. Some custodians differ on the interpretation of the term “physical possess.” The most prominent interpretation is that the custodian must store the precious metals in your IRA in a separate account for your benefit. In this instance precious metals purchased through dealers are physically shipped to a depository approved by the custodian. These deposits are insured by the depository and regularly audited by banking authorities and the custodian. Should you wish to withdraw precious metals from your account and take possession yourself, the custodian will coordinate the shipping to you but will report the withdrawal to the IRS.
A few of the leading firms we work with are GoldStar Trust, Sterling Trust and Vantage Retirement.
Call us today so we can help you with a smooth transition.
800-494-4149 or locally at 480-820-5877
CALL US NOW: 1-800-494-4149
“Dear Linda, we want you to know how much we appreciate your help. Everyone in your office is always so patient with my myriad of questions. It’s not easy to find someone who looks past the profit margin and focuses in on helping people. So thank you for offering your business as platform of help and mentoring to others.”
Mr. and Mrs. John K.
- Great Selection in gold and silver at best price
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Over 80 years combined Experience
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Resource Consultants, Inc.
1405 4th Ave. N.W. #333 Ardmore, OK 73401-2708
Precious Metals Dealer
Call Us: (800) 494-4149