Direct vs. Indirect Gold IRA Rollovers

A Gold IRA rollover is the process of moving funds from an existing retirement account into a self-directed individual retirement account that holds physical precious metals. Common source accounts include 401(k)s, traditional IRAs, Roth IRAs, 403(b)s, and other qualified retirement plans.

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A Gold IRA rollover starts with opening a self-directed IRA that is approved to hold precious metals. Following account setup, funds are moved from the original retirement account into the newly created Gold IRA. The transferred funds are used to acquire IRS-approved precious metals including gold, silver, platinum, and palladium.

Gold IRA rollovers generally fall into two categories: direct and indirect. A direct rollover involves custodian-to-custodian transfer of funds. This approach is often favored due to its simplicity and reduced tax risk. With an indirect rollover, the investor temporarily receives the funds and must complete the deposit within a 60-day window.

Gold IRA rollovers are often used by investors seeking diversification and protection against inflation. By adding physical assets to a retirement portfolio, investors may reduce exposure to market volatility.

Knowing how Gold IRA rollovers work is critical for maintaining compliance and protecting long-term retirement savings.