A gold IRA is an account that permits investors to invest in precious metals like silver, platinum and palladium. It's an excellent way to diversify your portfolio while safeguarding it against inflationary effects.
Fund a gold IRA by rolling over funds from other retirement accounts such as 401(k)s, 403(b)s, thrift savings plans and more. You have two options for doing this: direct or indirect rollover.
If you're thinking of opening a gold IRA, make sure the custodian you choose supports this type of account. A reliable custodian will assist in transferring your existing IRA or 401(k) into your new gold IRA and provide guidance throughout the transfer process.
How to Rollover a 401(k) Sponsored by Your Current Employer
Once you're ready to transfer money from your employer-sponsored 401(k) plan into a self-directed IRA, contact the administrator of your old plan and inform them of your intention for a rollover. You will need to fill out some paperwork and meet certain criteria in order for this process to be completed successfully.
A gold IRA company provides education on investing in precious metals, assists you with opening an account, and sells you physical coins or bars that fund the account. They may also recommend selecting a custodian who can securely vault your holdings while abiding by IRS protocols and regulations. For more info, visit goldira.company.
What is a Gold IRA Rollover?