Transfer Or Rollover From An Existing IRA
Putting your money into a precious metals IRA doesn’t have to be as daunting as it sounds. Depending upon your specific circumstances, you may:
Transfer An Existing IRA
This is something you can do at any time with your existing IRA, as long as the assets go from “custodian to custodian.” That is, in a direct transfer, the asset is transferred directly from one IRA custodian to another.
After completing the direct transfer; you simply begin receiving statements from your new IRA custodian. The distribution check from the old IRA must be made out in the name of the trustee or custodian of the IRA account that receives the rolled-over funds. Transfers may be made as often as you want. You can be assured that APMEX can explain the entire transfer process simply and easily.
Rollover An Existing IRA
A rollover occurs when you get the money from an existing IRA and then deposit it into another IRA. In this case, you would need to deposit the funds into a new IRA within 60 days. If the 60-day time period is exceeded, you would be liable for taxes and penalties.
You may roll over the same money once every 12 months, and it will preserve the tax-deferred status of your retirement savings.
Establish A New IRA
At APMEX, we have made it easier than ever to open a precious metals IRA account through our established working relations with www.sterlingtrustcompany.com or www.goldstartrust.com. Each of these companies offers the high-quality, reliable service we value for our customers.
Sterling Trust Company is a non-bank trust company chartered under the laws of the state of Texas and regulated by the Texas Department of Banking. Sterling Trust is a national leader in providing self-directed retirement administration and custodial services designed to maximize your ability to control and manage your account assets. From their corporate offices in Waco, Texas, Sterling Trust services individual and business retirement accounts in all 50 states whose assets exceed $4.1 billion.
As a trust branch of a Texas Bank, GoldStar Trust's financial condition is closely monitored by the Texas Department of Banking and the FDIC. GoldStar Trust Company is one of the nation's most complete retirement services providers. Whether considering a Traditional IRA, Roth IRA, SEP or a SIMPLE IRA, our GoldStar Trust Company specialists are trained and equipped to assist you in mapping just the right retirement plan for your future.
Back to IRA's
