True Gold Republic Gold IRA
True Gold Republic Gold IRA
True Gold Republic Gold IRA

True Gold Republic Gold IRA

If you're wondering what a Gold IRA is, you likely have many questions. We're blessed for the opportunity to assist you.

A True Gold Republic (TGR) Gold IRA provides numerous advantages including safeguarding your future against continuing dollar devaluation and ongoing political uncertainty. Through this account you are able to hold tangible physical metal as part of your diversification strategy, ensuring not all of your eggs are in the same basket.    

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True Gold Republic Gold IRA

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Gold IRA guide

True Gold Republic (TGR) Gold IRA

In the face of rising economic and political uncertainty, it is increasingly important to take the right approach to protect your future. The TGR Gold IRA offers peace of mind and long-term security by enabling you to own physical precious metals, assets that have proven throughout history to go up in value while dollar-denominated assets continue to fall.  An extremely effective counter-balance, the TGR Gold IRA helps to offset losses you see elsewhere along your path to retirement. If you're close to retirement, or have already retired, all the more reason to understand how a TGR Gold IRA can benefit you and your family.

For this reason, we provide clients with the TGR Gold IRA Guide, a comprehensive overview that assists you with understanding the critical points of buying precious metals using a qualified retirement account. The TGR Gold IRA Guide also discusses the costs of acquiring gold and silver for placement in this account, as well as finding a trustworthy precious metals IRA custodian. You'll receive a solid foundation in understanding why and how to protect your future with a TGR Gold IRA.

What is a Gold IRA?

While a Gold IRA (also known as a Self-Directed precious metals IRA) shares many similarities with a traditional IRA, it provides clients far more control and flexibility in determining how they build and manage this part of their retirement. For example, a Gold IRA provides you with an opportunity to diversify your retirement assets by combining ownership of both paper instruments and tangible assets like gold bars and coins. This approach combines the benefits of traditional paper investments with the added security of possessing physical assets that grow in value during periods of economic crisis. In protecting your future, a Gold IRA provides access to both options as part of your overall diversification strategy.

How does a Gold IRA work?

A Gold IRA combines the wealth-building advantages of tax-deferment with the asset protection characteristics of tangible gold, providing you with greater control over your future.  A Gold IRA acts as a buffer between you and conventional paper assets. In order to maintain the tax-deferred integrity of the physical gold and silver you purchase using your Self-Directed IRA, your precious metals are stored securely and fully insured in an IRS-approved depository of your choosing.

How to Open a Gold IRA?

Starting a Gold IRA is a very simple, straightforward process. We provide you with a comprehensive overview of the steps required so that you can work with your custodian to fund your Self-Directed Gold IRA. This entails a tax-free, penalty-free rollover or transfer that your custodian will manage. True Gold Republic's team of specialists stands ready to assist your custodian with this process, ensuring a seamless transition of your funds into physical precious metals.

True Gold Republic can help establish your Gold IRA in three simple steps:

1. Contact Our IRA Team

Call 800-757-7050 and our specialists will provide you with the information you need to open your Self-Directed IRA. They will answer any questions you have and ensure everything is kept simple and easy.

2. Fund Your Account

Your account will be open within 24 hours. You will then be able to fund your account. Your funds will be sent from your current custodian, which normally takes between 3-5 days. For more exact information, please speak with your custodian  for a better understanding of their process and potential time lines.

3. Purchase Your Gold / Silver

After making the decision to acquire gold or silver for your IRA, we'll assist you in selecting from a range of coins and bars approved by the IRS. Your eligible precious metals for the IRA can be safely stored at IRS-approved vaults located nationwide.

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Converting your current retirement assets into precious metals can be an intricate process, contingent on your financial institution. Our team of gold experts is here to streamline this process for you. We offer resources to assist you in:

  1. Hedging against potential economic downturns
  2. Mitigating volatility in your portfolio
  3. Seizing significant opportunities for financial gain

Allow us to simplify the conversion of your retirement assets into precious metals, providing you with a strategic approach to navigate economic uncertainties and optimize your financial potential. 

Frequently Asked Questions:

What Precious Metal Can I Purchase For My Gold IRA?

When buying gold for a True Gold IRA, the IRS permits a few precious metals that can be held within your IRAs. Only a certain few coins, bars, and rounds that meet the fineness requirement. Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95%. The metals must be produced by a government-backed mint or a LBMA-approved refiner.

What Account Are Eligible for IRA Rollover:

Various types of retirement accounts, including:

  • Traditional IRA
  • Roth IRA 
  • TSP 
  • 401k
  • 403 (b) 
  • 457 (b)

Where Will My Gold IRA be Stored?

True Gold Republic partners with depositories approved by the IRS to guarantee secure storage and insurance of your precious metals. The depositories are located in Texas, Delaware, Salt Lake City, New York, Nevada and Los Angeles.

Our all-inclusive service includes insurance coverage for your physical precious metals, ensuring their long-term safety. The IRS-approved depositories undergo routine audits and strictly adhere to rigorous security standards, offering you peace of mind regarding the safety of your investment. While there are storage fees associated with keeping your precious metals in these depositories, these fees are competitive and contribute to the reliable preservation of your investment.

How Do I Move Funds From Another Retirement Account Into a Gold IRA?

There are two methods for transferring money between retirement accounts without incurring taxes or penalties: the 60-day rollover option and the trustee-to-trustee transfer. With the 60-day rollover, your existing 401K provider sends a check to your home address, which you then forward to your new self-directed IRA custodian. If the check is deposited into your account within 60 days, no taxes or penalties apply. The trustee-to-trustee transfer involves moving your retirement funds directly from your current IRA provider to your new self-directed IRA, ensuring the quickest possible transfer to your account. Our team will collaborate closely with you to streamline the transfer and rollover process, handling all the necessary steps to alleviate any concerns on your part.

Why Can't I Take Delivery of The Metals In My IRA?

Maintaining a favorable standing with the IRS requires storing gold and silver coins and bars in an approved depository's vaults. While you have the option to liquidate your Gold IRA account and physically take delivery of your metals, it's crucial to be aware of potential tax implications. Please keep in mind that if your 401K funds are with your current employer and you're under the age of 59.5, you might experience consequences for your retirement balance, including potential tax implications and penalties. Therefore, it is advisable to seek guidance from a qualified tax advisor before making any decisions in this regard.

What Is The Minimum Amount to Start a True Gold Republic IRA?

To be able to take advantage of our True Gold Republic IRA you must have at least $10,000 in a qualified retirement plan that you can transfer or rollover.

How Do I Liquidate a Gold IRA Account?

One of the many benefits of a True Gold IRA is its ability to take distributions. You can either take physical possession of your precious metals or liquidate them for cash. Each custodian has different procedures; however, the normal process typically would be:

  1. Call us for information about how to liquidate a True Gold Republic IRA.
  2. Receive a quote on the current market price of your precious metals.
  3. Specify distribution method: Choose whether you want to receive the proceeds as a direct distribution or transfer the funds to another retirement account.
  4. Confirm taxes and penalties: Speak with your tax advisor to understand any potential taxes or penalties associated with the liquidation, and plan accordingly.
  5. Execute the liquidation: Once all requirements are met, your custodian will initiate the liquidation of your Gold IRA assets.

Note: It's advisable to consult with a financial advisor or tax professional before proceeding with a Gold IRA liquidation.

How Can I Track The Performance of My Gold IRA?

Our team is ready to assist you with any information required to monitor the value of your True Gold Republic IRA. To offer you even more convenience, we've developed real-time charts that you can access at any time on your computer or mobile phone. These charts cover gold, silver, and platinum prices, providing you with up-to-date information to track the performance of your investments.

What Kind of Fees Are Involved?

We will pay your fees for the first year with a minimum rollover/transfer of $25,000. A custodian will typically charge a one-time account setup fee and an annual account administrative or maintenance fee, while the depository will typically charge an annual fee for secure storage and insurance. Other transaction fees may apply. Your fees may vary based on the size of your account and the precious metals selected.

A typical outline of the Service Fees:

  • One Time Set-up Fee: $75
  • Annual Maintenance: $100
  • Annual Storage Fee: Segregated Storage $150 - Non-Segregated Storage $100

GET STARTED WITH A GOLD IRA

If you’re new to investing with a gold IRA, learn how to roll over your existing 401(k), IRA, or another retirement account into a secure gold IRA. Find out how to protect your wealth and hedge against inflation by owning precious metals in your retirement account.

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