Protecting Your Retirement With a Gold IRA

If you’re new to a Gold IRA, you likely have lots of questions.

The True Gold Republic Gold IRA stands as a robust strategy to secure your assets and provide peace of mind in the wake of record inflation and market turbulence.
‍

‍

Click Here To Download Your Free Gold IRA Guide

What Is A Gold IRA?

A Gold IRA, a variant of the individual retirement account (IRA), enables you to possess physical gold within the IRA framework. Often labeled as a precious metals IRA, it resembles a conventional IRA but stands out as a self-directed option, granting you the choice of holding physical assets alongside traditional paper investments.

Given the current socio-political and economic landscape, investors are actively exploring avenues to safeguard and preserve their financial holdings. Many are turning to physical gold as a cornerstone of their portfolios.

The True Gold IRA presents a distinctive opportunity to diversify your investment portfolio, allowing ownership of both paper instruments and tangible assets such as gold bars and coins. This dual ownership structure lets you enjoy the stability and liquidity associated with traditional investments while simultaneously benefiting from the added security of possessing tangible assets with inherent value. In essence, a True Gold IRA offers the advantages of both worlds.

Benefits Of A True Gold IRA

Opening a gold IRA account comes with numerous benefits. A gold IRA can:

1. Enhance portfolio diversification.
2. Serve as a hedge against inflation.
3. Bolster security and safeguard your wealth.

DIVERSIFY YOUR PORTFOLIO

Don’t put all of your eggs in one basket. That’s especially the case with protecting your retirement.

In the face of a typical recession or market correction, various sectors across the entire economy can experience adverse effects, consequently impacting the value of your portfolio.

In contrast, physical gold within an IRA constitutes a distinct asset class, independent of the turbulence and fluctuations inherent in the stock market. Gold stands as a genuine form of diversification.

‍
HEDGE AGAINST INFLATION

Amid rising gas prices and soaring costs of goods and services, savvy investors turn to gold as a reliable, safe-haven asset during economic uncertainty. Gold historically safeguards against inflation, preserving currency value and offering stability even as prices rise.

ADD SECURITY TO ENSURE WEALTH

Physical gold provides tangible security. In times of financial crises, gold has proven its resilience, doubling in value from 2008 to 2012. Amid uncertainties, gold remains a steadfast asset, standing the test of time.

Click Here To Download Your Free Gold IRA Guide

Types of Gold IRAs

Regardless of your diversification strategy and employment status, there's likely a Gold IRA to suit your needs. The three types are:

1. Traditional Gold IRA:

Contributions: Pre-tax dollars, up to $6,500 (under 50) or $7,500 (50 and up) annually.

Tax Treatment: Tax-deferred growth; withdrawals taxed after age 59 1⁄2; mandatory withdrawals at 73.

Suitable for: Those expecting the same or lower future tax bracket.‍

2. Roth Gold IRA:

Contributions: After-tax dollars; no immediate tax benefit.

Tax Treatment: Tax-free growth; qualified distributions after age 59 1⁄2 are tax-free; no required minimum distributions (RMDs).

Suitable for: Those anticipating a higher future tax bracket (subject to income limitations).

3. SEP Gold IRA:

Contributions: Tax-deductible contributions for self-employed or small business owners.

Tax Treatment: Tax-deferred growth; penalty-free withdrawals from age 59 1⁄2; RMDs required at 73.

Suitable for: Self-employed individuals or small business owners.

‍

Converting a standard IRA to a Gold IRA may be tax-free and penalty-free, preserving the value of your portfolio. It's essential to consult with your tax advisor to determine the most suitable plan for your financial goals.

What Accounts are Eligible?

Traditional IRA

Roth IRA

TSP

401k

403 (b)

457

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

• Step 1 - Talk to Our IRA Team

Call 800-757-7050 and one of our specialists will help you establish your Self- Directed IRA. They will answer any questions you have and ensure everything is kept simple and easy

• Step 2 - Fund Your Account

Your account will be open within 24 hours. You'll then be able to fund your account. Your funds will be sent from your current custodian and normally takes between 3-5 days.

• Step 3 - Purchase Gold and Silver

After making the decision to acquire gold or silver for your IRA, we'll cover in detail all your options. You'll be able to select 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.

‍

Schedule time with an IRA specialist today:

Frequently Asked Questions:

What Precious Metal Can I Purchase For My Gold IRA?

When acquiring gold for a True Gold IRA, the IRS determines which precious metals are eligible for placement in your IRA. Only coins, bars, and rounds that meet the fineness requirement are eligible. 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.

Where Will My Gold IRA be Stored?

True Gold Republic partners with custodians and depositories approved by the IRS to guarantee the secure storage 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 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 IRA 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 Account Executives will collaborate closely with you to streamline the transfer 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 acquire your metals, it's crucial to be aware of potential tax ramifications. Taking this action before reaching the age of 59.5 can lead to significant 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 IRA?

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

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 would be:

1. Call Our IRA Team about your decision to liquidate some or all of your precious metals 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: Understand any tax implications 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 of Account Executives is ready to assist you with any information required to monitor the value of your True Gold IRA. To offer you even more convenience, we've developed real-time charts that you can access at any time on your computer or phone. These charts cover gold, silver, and platinum spot prices, providing you with up-to-date information to track the performance of your precious metals.

What Find 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

LEARN MORE ABOUT STARTING A GOLD IRA

Owning physical gold within an IRA is a straightforward, secure option that provides alternatives distinct from paper asset ownership. For genuine protection, diversification, and potential growth, gold is a timeless choice.

To begin, reach out to us, and our team of True Gold Specialists will promptly address any inquiries and guide you through the process.

We're here to assist you.

‍

Click Here To Download Your Free Gold IRA Guide

‍