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Gold & Silver IRA

Gold & Silver IRAs IRAs from USA Mint 

USA Mint is proud to offer our clients precious metal IRAs, so you can enjoy all the tax benefits of IRA investing.

Self-directed IRAs can be set up in three simple steps. This page has plenty of resources for learning how to start investing in metals through your IRA.

To get started, contact us at (888) 725-7967 or email us at sales@usamint.com

 

Step 1: The first step to investing in a precious metals IRA is to open a “self directed” IRA. The process can be completed quickly. The IRS requires that you keep your precious metals IRA in a custodian account. We have resources that offer high quality, reliable service to help you every step of the way. 

 

Step 2: Once you have opened your self-directed IRA account, your next step is to fund the account. If it is a new account, you will simply wire or transfer money to your IRA custodian of choice. If you are transferring or rolling over an IRA, speak to your custodian to ensure all steps are completed.

 

Step 3: Once your account is funded, your custodian will notify USA Mint you have funds available and intend to use them to purchase precious metals from us. You are now ready to make your purchase. From this point, call us at (888) 725-7967 to select your IRA-eligible products and lock in pricing.

 

Why Choose a Precious Metals IRA?

The main advantages of investing in precious metals through an IRA are tax benefits. By using an IRA to purchase precious metals, the investor either saves taxes now or in the future. The specific tax benefits depend on if you choose a traditional or a Roth IRA.

 

Popular IRA Approved Gold & Silver

Traditional IRAs allow investors to put pre-tax (tax deductible) money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age, the investor can begin to withdraw from the account without penalty and pay taxes on the amounts withdrawn. Additional benefits as follows:

 

  • By contributing to a traditional IRA, you may be able to lower your current tax bracket as your contributions are tax-deductible.
  • A traditional IRA will allow you to invest more money because taxes are not deducted from the original investment capital.
  • Investors who are in too high of a tax bracket to qualify for a Roth IRA can still choose to contribute to a traditional IRA.
  • Early withdrawals can be taken without penalty in the event of unusual circumstances such as a first home purchase or medical bills.
  • Investors should consider choosing a traditional IRA if they anticipate their tax rate at retirement to be lower than their current tax rate.

 

To learn more about the nuances of a self-directed IRA, speak with your investment consultant as well as your tax advisor. USA Mint is not qualified to offer legal, tax, investment, and financial advice. 

 

Roth IRA

Roth IRAs allow investors to put post-tax money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age, the investor can begin to withdraw from their account without penalty and without any taxation, provided the account has been open for at least 5 years. Additional benefits as follows:

 

  • Roth IRAs ensure that your qualified withdrawals in the future are tax-free because you already paid taxes up front on contributions.
  • Investors who are over 70.5 can still contribute to Roth IRAs.
  • Roth IRAs have no Required Minimum Distributions (RMD).
  • Investors should consider choosing a ROTH IRA if they anticipate their tax rate at retirement to be higher than their current tax rate.

New vs. Existing IRAs

We can help you with a 401(k) rollover or transfer of existing assets. Make sure to be very careful when performing an IRA transfer or rollover, as if these transactions are not performed properly they can actually trigger a major tax event on your savings. Our team is more than happy to help you and guide you in the accurate direction with a transfer or rollover in the seamless and correct manner.

 

To learn more about the nuances of a self-directed IRA, speak with your investment consultant as well as your tax advisor. USA Mint is not qualified to offer legal, tax, investment, and financial advice. 

 

What Is A Gold & Silver IRA?

An IRA is an individual retirement account. There are different types of IRA accounts available to people based on their goals and objectives. Some people may invest in an IRA account on a tax-deferred basis while others may invest in a Roth IRA on an after-tax basis. What type of IRA one should use depends on their specific circumstances and goals. This is an issue that is best discussed with one’s CPA or tax advisor.

 

In addition to the IRA type, there are also differences in what types of investments the IRA can hold. When the majority of people think of an IRA account, they likely think of an account that simply holds stocks, mutual funds, bonds, and the like. It seems that many people out there are not aware of what they can do with a self-directed IRA. A self-directed IRA gives an investor the freedom to decide what to invest in. This is in contrast to most standard IRA accounts in which the investment types are limited. Many people, for example, are not aware that a self-directed IRA account gives them the ability to invest in alternative asset classes such as precious metals, futures, limited partnerships, commercial paper, or real-estate.

 

Self-directed IRAs have been around since 1975 and are part of the Employee Retirement Income Security Act of 1974, commonly referred to as ERISA. Since their inception, self-directed IRA accounts have grown in popularity as investors look for additional ways to diversify their portfolios. More and more investors, it seems, are looking to branch out beyond the traditional stocks and bonds portfolio, and a self-directed IRA account can potentially provide them with a vehicle to do so.

 

The term precious metals IRA simply refers to a self-directed IRA account that invests in precious metals. It is worth noting, however, that savers can also invest in other assets besides precious metals. In fact, one of the nice things about a self-directed IRA account is the fact that an investor may hold their traditional stock and bond investments in it while adding other alternative asset classes. This offers investors a great deal of flexibility.

 

How Do You Set Up a Precious Metals IRA?

Setting up a precious metals IRA is a relatively simple process but there are some necessary steps involved. Here we will outline some of the necessary steps as a guide.

 

WILL YOU BE SETTING UP A NEW IRA ACCOUNT OR TRANSFERRING AN EXISTING IRA OR OTHER RETIREMENT ACCOUNT? 

This is one of the first issues to take into account. An investor may look to start a new IRA account if he or she does not have one already. An investor may also decide to “rollover” an existing IRA account, 401k, or other retirement accounts. Obviously, an investor will need to discuss these matters with their CPA or tax adviser. Certain types of accounts can be rolled over while other types cannot. An investor must determine his or her eligibility prior to considering a rollover.

 

CHOOSE THE IRA ACCOUNT CUSTODIAN. 

Self-directed IRA accounts are held by what is called an IRA custodian or trust company. These companies act as a fiduciary on behalf of the account. Some of their responsibilities include account setup, producing account statements, and accepting allowed contributions. There are many different IRA custodians to choose from, and one can easily compare these companies from the comfort of their own home or office. Different companies charge differing amounts for their services and may have different fee structures. Fees are certainly one thing that a potential investor should consider when looking to establish a self-directed IRA account with a custodian. Often times, precious metals dealers will have custodians that they do business with or recommend. One can, however, use the custodian of their choice when setting up a self-directed IRA account.

 

CHOOSE A PRECIOUS METALS DEALER.

When one establishes a self-directed IRA account, he or she can still buy precious metals from the dealer of their choice. Investors can shop bullion dealers to compare prices and products.

USA Mint offers the lowest price bullion and we help you get the most from your self-directed IRA. We have relationships with the industry’s leading custodians, which allows us to provide you with exceptional service and expert assistance. We have a team of dedicated managers to help you every step of the way. Get started or request additional information by contacting us at (888) 725-7967 or by emailing us at sales@usamint.com.

 

DECIDE WHAT BULLION PRODUCTS TO BUY. 

There are only certain bullion products that are eligible to be held in an IRA account. 

 

Some of these products include gold and silver American Eagles (including proof sets), Philharmonics, and Canadian Maple Leafs. In addition, one can buy gold Australian Kangaroos, gold American Buffaloes, silver Australian Kookaburras, and Mexican Libertad coins. In addition, various gold rounds and bars of .995 percent minimum fineness may be eligible as well as various silver rounds and bars of .999 minimum fineness. 

 

Finally, certain platinum and palladium products are also eligible. One can choose any of the IRA eligible products they like.

 

DECIDE ON A DEPOSITORY. 

Precious metals held in an IRA account cannot be delivered to the account holder. IRA custodians may recommend an approved depository, but investors do have the ability to choose where their metals are stored from approved depositories.

 

MAKE YOUR PURCHASE. 

When all of the pieces are in place, an investor can make their precious metals purchase. The IRA custodian will handle the payment and the dealer will ship the metals to the chosen depository.

 

Setting up a precious metals IRA account has never been easier. The process is streamlined and an investor can have precious metals within their self-directed IRA account in a matter of days or weeks. 

 

Any questions regarding required minimum distributions, account liquidation, or other issues regarding a precious metals IRA should be directed to one’s CPA or tax professional. Investors should consult their CPA or tax professional prior to investing.