WHY ADD PRECIOUS METALS TO YOUR IRA?
A physical gold and silver IRA diversifies the traditional investments in your retirement account. Historically, gold has been used as an asset to hedge against inflation. Typically when stocks are tumbling, the price of gold goes up. This is why diversifying your portfolio with gold and silver is important; it will act as a counterbalance to safeguard your retirement.
Owning Gold and Silver in an IRA is a Simple Process at RME:
Determine if your existing IRA or 401k qualifies for transfer to a precious metals Self-Directed IRA. Schedule a free consultation to determine how.
IRS requires that all self-directed IRA transactions be managed under an IRS-approved custodial institution. Republic Monetary Exchange has long working relationships with SunWest Trust and GoldStar Trust, but we will be happy to help you set up an account with a suitable custodian of your choosing.
Once your account has been funded, the custodian will notify us. Your personal Account Executive will help you build your precious metals portfolio based on your needs and overall long-term goals.
You can choose to store your metals in an off-site depository or store the metals yourself in a safe or bank deposit box.
What Type of IRAs Can I Invest in Precious Metals?
Most IRAs (Traditional, Roth, SEP or Inherited) and 401k employer sponsored plans may qualify.
FREQUENTLY ASKED IRA QUESTIONS FROM OUR CLIENTS
I received a 401k rollover check, can I rollover to a Self-Directed IRA?
Yes. IRS requirements allow up to 60 days from the date of distribution to rollover funds into a qualifying retirement plan. This eliminates a taxable event and your retirement funds remain tax deferred until age 70 ½ – the age at which required minimum distributions (RMD) begins.
How does the overall process work?
Once you call our office and schedule a free consultation, your personal Account Executive will guide you through the entire process; from filling out the necessary paperwork to making your purchase.
What fees are associated with setting up a Self-Directed IRA?
Typical fees are based on annual payments and depository storage fees paid to the trustee managing your account. There may be other fees depending on the type of IRA account you set up. The role of the trustee is to ensure that the self-directed IRA stays within IRS investment guidelines. Contact us to learn more about custodial fee schedules.
Does Republic Monetary Exchange charge a fee for this service?
No. Even though we are a full service brokerage firm, we do not charge our clients a brokerage fee for these services.
How long does the entire process take?
Typical transaction times range from 2 to 3 weeks.
When can I lock in prices?
Prices are locked in once your account has been funded. The gold market is constantly moving; therefore locking in prices at the time of purchase protects both parties involved.
Is there a minimum IRA purchase?
No. However the size of the IRA holdings should be more than the fees charged by the trustee. These fees are minimal and therefore are almost always covered.
What is the process to liquidate?
The process is simple. Once you decide to sell all or a portion of your metals you can contact us. We offer a bid priced based on the current spot price. You sell your metals and funds are returned to your custodian. From there you can invest in other assets or take a distribution of your funds. Typical transaction time can range from 1 to 2 weeks.
Where can I learn more about investing in precious metals?
Before making any investment it is always a good idea to do your research to determine your best options. Our investor resources center provides additional material on investing in gold and silver. In addition, our free e-guide provides an overview of the different ways you can invest in precious metals and the types of investment options available to you.