IRA

 


You can rollover or transfer funds from an IRA, Roth IRA, 401(k), 403(b) and other retirement accounts, without incurring taxes or penalties, into a Self-Directed IRA and purchase physical precious metals. Normally an IRA custodian will require you to hold your physical metals in a depository or safety deposit box. In the right kind of Self-Directed IRA along with the right LLC, individuals can personally hold specific gold and silver coins. Not only do you need the right kind of IRA and LLC, you need the right gold and silver coins and the trustee which allows you to control, manage and hold your coins. We work with several IRA custodians that provide the reporting while you have direct control over your Self-Directed IRA.
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No Taxes or Penalties: One of the biggest benefits of purchasing precious metals in a Self-Directed IRA or Roth IRA comes from the ability to transfer your retirement account into the IRA and not incur taxes or penalties. Upon retirement, often you may elect to rollover your retirement plan into an IRA. Contact your plan administrator for more information on your retirement plan and whether this option is available.
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Physical Possession: If you desire to have the precious metals in your physical possession, then an LLC is needed along with the Self-Directed IRA. The right LLC with the correct language provides part of the necessary process to enable you to do so. Be advised that this is just one of the pieces needed. The custodian must allow physical possession of your metals. In addition, purchase the correct coins to fulfill the IRA codes and requirements as well as Department of Labor (DOL) rules.
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There are a few simple steps. Call Eagle European Capital, LLC and ask for IRA specialist, Jill Taylor Gordon, CFP, MBA and RIA. She will explain this process step-by-step, answer questions, and help you with how to set up and fund an IRA with precious metals, using an LLC.

1. Set up and fund the IRA
To start the process, first complete the IRA paperwork. An IRA account will be set up with an IRS approved Self-Directed Custodian. The old custodian will be contacted and directed to transfer your IRA to the new custodian. You may transfer all or part of your retirement plan into the IRA. There are many retirement plans that can roll over into an IRA. These include IRA, Roth IRA, 401(k), 403(b) etc. This is considered a roll over and therefore is not a taxable event.
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Physical Possession: You can have physical possession of your IRA precious metals when you follow IRS requirements. Not all precious metals companies are aware of the criteria for holding metals personally. Some trust companies require holding of your metals in a depository of their choice. With our sources, you keep physical control of your precious metal coins.
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