Convert IRA to Physical Precious Metals ?

It is no secret that fiat currencies have never lasted more than a few centuries, and how the government and banking system handles the value of the dollar, it’s very likely that that our current paper system could collapse or look much different in the near future.

Gold has been valued greatly for centuries or longer and will not be anywhere soon so considering it as part of a retirement strategy is a pretty good idea.

Research is essential before making an decision regarding your retirement funds. If you make the wrong choices, it could cost you a lot of money and cause a lot of stress. The great part about a physical gold IRA is that instead of putting all of your faith in a paper currency that really has no value or a specific company, you’re putting your trust in something that is tangible and has had value for centuries or even millennia.

To set up a gold IRA correctly, there are a few things you must do.

It comes down to three main things: custodians, depositories and companies (or sometimes referred to as a broker or dealer).

The IRS requires annual reporting of a self-directed IRA, and the custodian’s job is to do this annually.

To safely store your gold, it’s recommend that you use a vault or a depository. There are some companies promoting home storage for gold in your IRA. It’s my opinion that storing your IRA gold at home is too risky for most people

The company, or sometimes called a broker or dealer, is the one who sources the gold for you and handles the transaction.

The best companies companies out there will actually take care of most of the setup of a gold IRA.

All three of these must work together flawlessly if you want to accomplish moving your IRA to one backed by physical gold.

Precious Metals Self-Directed IRA Custodians

Since the IRA custodian is the one who handles the reporting to the IRS, it’s important that they know what they’re doing and they have a good track record. Evaluating IRA custodians comes down to a few main topic areas.

When researching custodians, one of the most important considerations is how efficient they are at processing your paperwork. Ask the custodian how they handle their paperwork. Is it online or snail mail? A lousy custodian can delay your gold IRA transfer weeks or months.

So you now understand that a bad or inexperienced custodian can be a real pain for this process. Make sure to choose a high quality custodian because bad ones will cause you a lot of pain and suffering.

Precious Metals IRA Depositories – Storing Coins

Storing tens of thousands or hundreds of thousands of dollars worth of gold is no simple task. Why someone might want to store this at home is mind-boggling to me. Storing that much gold at home can make your home a target for burglars or worse. A vault or a gold depository is a much better option than in a secret hiding place in your house or in your backyard.

While safety and security are definitely top of the list, there are other aspects of gold storage that are also just as important. It’s not easy to find a great depository. It’s even harder to negotiate with them to get the best deal, but I know a backdoor way into the best storage places in the USA (and outside the USA as well).

Convert IRA to Physical Precious Metals

Precious Metals IRA Companies (or Dealers)

Just because I’m saving companies to discuss last, does not mean they are any less important. In fact, they are the key to the whole IRA conversion process.

Some of the obvious considerations when it comes to companies is to check out their reputation, such as their ratings, reviews, and complaints on the Better Business Bureau (BBB). But, there are also some other really important things to consider before making that final decision about who is going to be your gold IRA company.

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Here’s What to Do Next

There’s a lot at stake, and there’s so much information to review. For that reason, I’ve decided to share everything I know about setting up a gold IRA. I’ve put hundreds of hours or more into this and now I want to share it with you.

Want to learn the ins and outs of finding the best deals and ways to setup a gold IRA? Then, make sure you get a hold of this Gold IRA Survival Guide now. This guide has the potential to save you tens of thousands of dollars or more. Click here to get instant access now.

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