Precious Metals IRAs

Protecting your retirement funds is our #1 Priority

Gold & Silver are a vitally important part of every retirement portfolio

Capital Gold Group is proud to offer our clients a tax-free rollover into precious metals. We have partnered with Self Directed Services and Kingdom Trust to offer our clients unparalleled service and maintenance for their IRA needs.

Capital Gold Group understands that rolling over your IRA is a big decision, but it does not need to be a complicated one. Our team has perfected and simplified the process down to 3 simple steps; open a self-directed IRA account, fund your self-directed IRA account, and purchase your metals, it’s that simple!

Why Choose a Precious Metals IRA?

The top three reasons investors choose Precious Metals IRAs are

  • IRS tax benefits
  • Diversification
  • Portfolio insurance

Precious Metal IRA investors get IRS tax benefits, by saving on taxes now or in the future. Specific tax benefits depend on if you choose a Traditional IRA or a Roth IRA. The IRS strictly regulates the products that are incorporated into a precious metals-backed IRA. It’s important to choose a trusted industry leader like Capital Gold Group, so you know you are working with experts in Precious Metals IRAs.

3 gold bars

What is a Self-Directed IRA?

A self-directed Individual Retirement Account is an Individual Retirement Account (IRA), provided by financial institutions in the United States, which allows alternative investments for retirement savings. A self-directed IRA allows the account owner more freedoms in options over investment decisions. Some general illustrations of alternative investments: precious metals, real estate, private mortgages, private stocks, and intellectual property. At Capital Gold Group, we feel that a balanced portfolio with precious metals is key to a truly diversified portfolio.

The self-directed IRA can also qualify for yearly tax deductions and at Capital Gold Group we gladly work with your financial planner or tax advisor to ensure you get the best IRA account type for your future needs. The type of IRA you choose can provide asset protection and choices made today can help the contributors protect beneficiaries from additional tax burdens.

piggy banks

Three Simple Steps To a Precious Metals IRA

Kingdom Trust
Self-Directed IRA Services

1. YOUR NEW CUSTODIAN

Kingdom Trust and Self-Directed Services manage over $25 billion dollars combined under management. Any assets that are currently held in a Traditional, SEP, SIMPLE or Roth IRA are eligible for liquidation and transfer, in whole or in part, into direct ownership of physical precious metals in a qualified, self-directed Precious Metals IRA plan, while maintaining their current tax status. With the lowest start-up costs in the industry complemented with their first class service, it’s no wonder why these two companies are the custodians of choice for Capital Gold Group and our clientele.

money stack

2. Fund Your Self Directed IRA Account

Once your precious metals IRA account has been established, now it’s time to fund your account. Capital Gold Group IRA specialists are trained to work with various custodians and brokers, enabling us to expedite the transfer of funds and help navigate through some jargon talk and bumps in the road that could be delaying your funds from being transferred. For assistance to fund your self-directed IRA account call us today at 800-510-9594 and ask for a Capital Gold Group IRA specialist.

Gold American Eagle promo coin

3. PURCHASE YOUR METALS

Once your IRA is funded, your custodian will send a notification that your account is ready to purchase metals. Your IRA precious metals expert will go over your selection of qualified IRS approved precious metals for your retirement account. Capital Gold Group is proud to have the largest selection of IRS approved IRA metals to make purchasing easy. Once your IRA precious metals specialists has covered the different precious metals options available, you can then make your selections. Capital Gold Group will then pack, fully insure and ship your precious metals FREE of charge directly to your custodian’s vault. You will be notified and have 24/7 accessing to tracking the shipping online.

Are my metals insured at the depository?

Once your precious metals arrive at the depository, they will be fully insured. As an added protection, we also ensure each mailing we ship out in the very rare occurrence that a package becomes lost or damaged.

Delaware Depository (DDCS) is the exchange depository for CME Group (Nymex & Comex) and ICE Futures. Besides a $1 Billion in “all-risk insurance” through Lloyd’s of London, DDCS is fully IRS compliant. DDCS high-security vaults constructed above the FDIC Bank Protection Act standards with the forefront in security systems along with class 3 vaults spanning over 72,000 square feet of fortified controlled access, it’s no wonder that various branches of the US government utilize this facility too.

For more information on the Delaware Depository, we have a pdf.

Which precious metals products are IRS-approved for IRAs?

The IRS approves select precious metals and forms of bullion for IRAs. Bullion products must meet the approved fineness requirements to be eligible to be held in an IRA. Section 304 of The Taxpayer Relief Act of 1997 specifies that the fineness of gold and silver bullion must be of a minimum fineness to satisfy a regulated futures contract.

Capital Gold Group has the largest selection of IRS approved IRA bullion for Precious Metal IRAs. The four metals that can be in a Precious Metals IRA are gold, silver, platinum, and palladium. The types of Precious Metal IRAs are Gold IRAs, Silver IRAs, Platinum IRAs and Palladium IRAs. The IRS is very strict of the bullion but the most the most commonly purchased would be the gold and silver American Eagles (including proof sets), Austrian Philharmonics and Canadian Maple Leafs. Besides, one can buy gold Australian Kangaroos, gold American Buffalo coins, Australian silver Kookaburras and Mexican Libertad coins. Also, we carry 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.

proof Silver American Eagles two coins
Gold and Silver Valcambi Bars (CombiBars)

Precious Metals IRA video

How to start a Self-Directed IRA by Jonathan Rose, CEO

How does a Traditional IRA differ from a Roth IRA?

Investors receive specific tax benefits when choosing between Traditional IRA vs. Roth IRA. A Traditional IRA have contributions that are tax deductible on both State and the Federal tax returns for the year you make your contribution to the Traditional IRA. When withdrawals start after retirement with a Traditional IRA, they will be taxed as ordinary income. The future tax rates are unknown and the IRS tax could impact the overall benefits of this type of IRA.

Roth IRAs provide no tax breaks for contributions on the years you make your contributions, but earnings and withdrawals are generally tax-free.

Traditional IRAs also called Regular IRAs are a special tax-deferred retirement savings account that started in 1975. Traditional IRAs have strict eligibility requirements based on income, filing status, and availability of other retirement plans (mandated by the Internal Revenue Service). Traditional IRAs allow investors to put post-tax money or money that has yet to be taxed, into their IRA yearly. The disadvantage is the amount of amassed money, or the size of the account holder’s IRA may mislead one into believing their wealth is greater than what they can extract through distributions. Each time the account holder receives an apportionment of funds from the Traditional IRA, the account holder must pay both state and federal tax and fees. The IRS sees the Traditional IRA distributions as income which is different than the Roth IRA.

Traditional IRA benefits

  • A Traditional IRA will allow you to invest more money because taxes are not deducted from the original investment capital.
  • Contributions to a Traditional IRA are tax-deductible and may lower your current tax bracket.
  • 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 but must adhere to the requirements of IRS codes.
  • Great for investors anticipating their tax rate after retirement to be lower than their current tax rate.
  • Traditional IRA have the option to convert to a Roth IRA; whereas a Roth IRA cannot be converted back into a Traditional IRA.

Roth IRAs are an individual retirement account started in 1997 by William Roth of Delaware under the Taxpayer Relief Act. Roth IRAs allow account holders to put already taxed (pre-taxed) money into their IRA to not be taxed later the opposite of a Traditional IRA. That pre-taxed money can then grow over time tax-free and once retirement age 59½, the IRA contributor can begin withdrawing from their account without fear of penalties, fees or taxation.

With a Roth IRA, an account holder must meet other other IRS requirements, such as a seasoning period of at least five years. This seasoning period means that the account holder cannot make withdrawals from the account for at least five years from the opening of the Roth IRA account.

Roth IRA benefits

  • Tax-free withdrawals as long as you meet the IRS requirements to make withdrawals.
  • Investors who are over 70½ can still contribute into Roth IRAs.
  • You can leave amounts in your Roth IRA as long as you live.
  • High-income earners can still benefit from Roth IRAs and make a nondeductible contribution to a traditional IRA and then convert it to a Roth IRA.
  • No yearly Required Minimum Distributions (RMD) for Roth IRA holders over the age of retirement.
  • You can also withdraw more than the minimum required amount.
  • Roth IRA is better for investors that anticipate their tax rate at retirement to be higher than their current tax rate.
  • Estate Planners or tax advisors can make distributing funds with Roth IRAs to heirs easier when planned ahead and even pre-taxed or tax-free for the beneficiaries.

Precious Metals IRA FAQ

What is best a New vs. Existing IRAs?

Both. We can help you with what works best for you. It depends on what works and what can be done with your current IRA. We work with new and existing IRAs every day and what matters are your goals.

If you have an existing IRA and want to open a new IRA, you need to do a transfer. If you need to transfer and make a new IRA or do a rollover of your existing assets, one of our Capital Gold Group Rollover experts can help you. We have over a decade of experience handling transfers and 401(k) Rollovers to a Precious Metals IRA. Capital Gold Group partnered with the best IRA custodians, and we are more than happy to assist you with any questions and getting the process started.

At Capital Gold Group we can help handle any assets that are currently held in a Traditional, SEP, SIMPLE or Roth IRA are eligible for liquidation and transfer, in whole or in part, into direct ownership of physical precious metals in a qualified, self-directed Precious Metals IRA plan, while maintaining the account holder’s current tax status.

Can I transfer an existing IRA to a self-directed Precious Metals IRA?

Yes. When correctly done, transferring or rolling over an existing IRA is a standard, tax-free process with no fees and no penalties. You can even decide to do an IRA rollover to Precious Metals with your current IRA, multiple IRAs and merge into a new IRA account.

Beginning in 2015, the IRS code now states they have an IRA One-Rollover-Per-Year Rule. The IRS says, “you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own (Announcement 2014-15 and Announcement 2014-32). The limit will apply by aggregating all of an individual’s IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, actually treating them as one IRA for purposes of the limit.” The IRS also stipulates “Trustee-to-trustee transfers between IRAs are not limited” and the IRS continues by adding that “Rollovers from traditional to Roth IRAs (“conversions”) are not limited.”

If you have questions about how this affects your Precious Metals IRA rollover, talk to one of Capital Gold Group’s IRA Experts to learn more.

How long does it take to rollover an existing IRA/401k?

This varies based on which custodian you choose. If you are using Capital Gold Group’s recommended partners Kingdom Trust or Self Directed Services after receiving your application it will take 1–2 business days to open your account. After your account has been created the rollover of funds starts, this will fund your new IRA. The process typically takes anywhere from 7 to 20 days depending on how quickly you can help facilitate documents and signatures that will be required.

Can I have more than one IRA account?

Yes, an investor may have multiple IRAs, and an IRA can also be created for a nonworking spouse. IRS only limits by the annual maximum allowable income contribution limits set and posted by the IRS every fall and based on age.

What kinds of tax benefits will I see by investing in precious metals IRA?

Investors can expect to see significant tax-deferred savings and they like safe-haven precious metals offer for their long-term retirement goals. Precious Metals IRAs allowed the account holder to buy from a variety of IRS approved gold, silver, platinum, palladium. With a traditional IRA, investors can defer taxes on gold and other precious metals until they are eligible to make a withdrawal after 59½ from their IRA account. Roth IRA investors in Precious Metals will be taxed at the time of purchase. Precious Metals – Roth IRA will not be taxed again when the investor goes to withdraw funds from the account as long they meet the IRS minimum requirements.

With my current 401(k) can I purchase physical precious metals?

Only if you do a 401(k) Rollover to Precious Metals IRA. Unfortunately, no 401(k) plans allow precious metals investments only the purchase of “paper gold” in the form of ETFs or mutual funds.

Capital Gold Group has been providing a 401(k) rollover program for individuals who have left their previous employers who wish to roll over and protect their retirement portfolios with precious metals through a 401(k) Rollover into a Precious Metals IRA. If you have questions about your 401(k) or other employer sponsored retirement plans and you would like to know your options, just call 800-510-9594 and speak to our 401(k) Rollover and Precious Metals IRA experts.

If I invest with an IRA, do I still receive the physical precious metals?

Unfortunately, the physical precious metals must go to an IRA approved trustee. This is in reference to the Internal Revenue Code Sec 408 (m) (3) page 1148, which deals with the regulations for requiring all gold, silver, platinum, palladium to be stored into a self-directed IRA.

Under this IRS code, Capital Gold Group, MUST ship the products to an approved IRA depository, who then holds the metals until the time you are ready to liquidate the IRA.

When will I physically have my Precious Metals from an IRA?

The IRS code requires physical metals that are funding a Precious Metals IRA account to be maintained by a depository to be administered by the custodial financial institution. The IRS wants a third party trustee. The trustee must be IRS-approved to ensure the safety of each account’s assets until the owner reaches age 59½. Once the account holder is over 59½, they become eligible to take qualified distributions or they can take full ownership of their physical precious metals.

If you take ownership earlier than 59½ years, it’s considered a distribution and there could be tax implications, fees, and early withdrawal penalties. Capital Gold Group recommends speaking with a tax professional before making this decision.

What does it cost to set-up a Precious Metals IRA?

Total initial start-up could range $125 to $325 depending on the custodian of choice and your specific needs.

Capital Gold Group’s clients have transparency, more control over their self-directed Gold IRA accounts and no hidden fees. Many traditional IRA holders are not aware of the complicated fee structures associated with traditional IRAs and 401ks. When AARP conducted a survey on 401(k) participants’ awareness to holders of traditional retirement plans, AARP found that 65% of participants thought they paid no fees at all, and only 17% reported that they do pay fees; 18% stated that they just don’t know.

Gold IRA fees are payable to Self Directed IRA Services, or Kingdom Trust your new custodian, and may be deducted from your transferred funds or paid by debit card, credit card, or check. The annual renewal fees are invoiced in the anniversary month of your account’s opening.

Do you have a minimum IRA purchase?

Yes, the minimum purchase from Capital Gold Group for a Gold IRA is $10,000.

Do I have to pay to ship my IRA purchase?

No, Capital Gold Group will ship your metals to Delaware Depository free of charge with our $100 million Lloyd’s of London insurance policy, and you will be able to track your package. Our customers rest easy knowing their metals are safe, fully insured and in the rare occurrence of loss or damaged our clients’ precious metals are fully protected, so there is only peace of mind with Capital Gold Group.

At Capital Gold Group we ship precious metals to clients and secured storage facilities all over the world every day. We take extra measures for each of our client’s peace of mind:

  • We will send you tracking information. You can follow the shipment online as it travels from our vaults to your IRA vault.
  • Once your precious metals are placed in your IRA vault, you will get a certificate from the storage facility that confirms your holdings.
  • Capital Gold Group uses Kingdom Trust and Self Directed Services. Both IRA custodians are trusted, regulated and FDIC-insured. They are both far exceed industry standards and keep excellent records and all the history of your transactions.
  • Finally, Capital Gold Group only uses Delaware Depository. Delaware Depository has investors worldwide one of the most secure operations of its kind, insured Lloyd’s of London, State-of-the-art security systems and Class 3 vaults and 200 years of combined experience in precious metals.
two Silver American Eagle coins