If you want to find out how to convert IRA to physical gold this is the right place.
Are you worried that the United States will have another financial crisis like the one in 2008 that saw retirement savers lose $2 Trillion in their retirement accounts?
Are you afraid that the prices for ordinary necessities like food and energy are skyrocketing and that the money you saved for retirement wont be enough?
You should know that you are not alone in these concerns. In fact, not having enough money, or losing your money, for retirement is the top fear that your fellow Americans have.
With the current state of our economy you have the rights to be concerned. The national debt is almost $20 Trillion and it’s obviously unsustainable to keep adding to the national debt forever.
How much money would you have had today if you invested $30,000 in gold 2000?
Before we get into exactly how you convert your IRA to physical gold we should look at an example of how gold can be a protection of your wealth.
Year 2000 “Joe Smith” decided that he wanted to invest $30,000 into physical gold with the help of his IRA. Let’s see if that was a smart idea or not.
As you can see gold has increased a lot, almost 5 times, during the past 16 years.
We can not overlook the fact that if you would have had that same $30,000 in the stock market you would have seen two stock market crashes (2000 and 2008) that might have wiped out your retirement savings. With gold you have been protected from that.
Okay, I get it. But how to convert IRA to physical gold?
First of all you have probably landed here because you have heard that you can own physical gold in your IRA. Maybe you thought that you could just buy the gold bullion yourself and store it at home as your IRA account.
Well, not to scare you away, but it’s a lot more complicated than that. There is a way to make it as simple as possible which we will be talking about shortly.
There are a lot of different types of retirement accounts today and with almost all of them you are not allowed to own physical gold. Some of them allow you to own Gold ETFs and gold stocks which is paper gold and is very different from investing in physical gold.
There is a way around this that will let you invest in physical gold for your retirement and it usually starts with a rollover of your existing retirement account. These retirement accounts can not hold physical gold.
- 401(k) – Mostly for employees of regular private companies.
- 403(b) – Mostly employed by the government or non-profit organizations.
- 457(b) – Mostly employed by the government or a tax-exempt employer.
- Traditional IRA – Individual account.
- Thrift Savings Plan (TSP) – Mostly employed by the government and military.
Most of the population own one of these retirement accounts that do not let you invest in physical gold.
You need to rollover your current IRA to a self-directed IRA
As we were talking about, most of the current IRA accounts do not allow physical precious metals in them. To be able to invest in physical gold for you retirement you need to open a new IRA account type, a self-directed IRA.
A self-directed IRA account is an individual retirement account with the investments being completely controlled by the investor. This account has the same limitations on withdrawal, funding and taxes but lets the individual pick and manage his investments himself and are not limited to stocks, bonds and mutual funds.
I know that we haven’t really talked about exactly how to convert your IRA to physical gold. The reason why is that this post would be thousands of words long. Not only that, almost every case is completely individual.
What you should focus on right now is the fact that: Yes, you can hold physical gold in your IRA with the help of a rollover into a self-directed IRA.
If you like you can read more about the self-directed gold IRA rules to get a bigger understanding of how it works.
I think I know what you are thinking right now: “This sounds very complicated with a bunch of forms to fill out, and a lot of regulations and tax problems to avoid. If only someone could help me with all of this!”
Let Regal Assets take care of converting your IRA to physical gold
Regal Assets is the industry leader when it comes to precious metals and holds an A+ rating with Better Business Bureau and a AAA rating with Business Consumer Alliance. These are the highest ratings that you can get and speaks of a well trusted and serious company.
Regal Assets also holds a 5 out of 5 star rating on Trustlink with over 900 reviews . The other precious metals IRA companies all have less than 100 reviews (often less than 10) on Trustlink. This shows you that when people are considering adding physical gold to their IRA portfolio, they do so with the help of Regal Assets.
Below is just one of over 900 5-star reviews on Trustlink. (click here to read all reviews)
I had wanted to buy GOLD to diversify my retirement portfolio for a while, after doing some research, I decided to go with Regal Assets and the process could not have gone smoother. Jannette did a wonderful job walking me through the roll-over process and communicating while we were waiting for the disbursement to arrive. Christian then assisted me with which precious metals I wanted and how much of each. The process could not have been smoother or more comforting for a novice precious metal investor. I will recommend Regal Assets to others.
I have been reviewing all major gold IRA companies and when it comes to time in business, customer ratings and customer reviews there is not one other company that is even close. Do you own research if you like and please leave a comment below if you find something that I didn’t.
When you read through the reviews you will find that the Regal Assets support staff are exceptionally good. They will help you with every question that you might have and it can all be done through either phone, email or chat. They understand that this is a big decision for you and a lot of the reviews say that their staff is friendly and not pushy to sell you anything you don’t want.
Regal Assets has also been ranked number 20 in the USA for financial services by the Inc. Magazine and has been featured in the Investment Guide by Forbes Magazine.
What makes Regal Assets better than other gold IRA companies?
For me it was the fact that Regal Assets has an amazing reputation which we discussed above. When investing for the future you want to do business with the best of the best. Also when calling their support staff they were very friendly and didn’t try to sell me anything.
But there are a few key factors that makes Regal Assets stand out even more from the crowd.
- Extremely fast delivery. When most other companies takes between 30-90 days to deliver your physical metals, Regal Assets have a 7 business day deadline to deliver your metals. If they miss this deadline (which never happens if you look at their reviews) you will receive a 1 oz. Silver American Eagle for free.
- When it comes to processing times Regal Assets are one of the only precious metals firms that does everything electronically. This means that the client doesn’t have to hand sign any documents and making the processing time much faster.
- Annual fees waived (FREE) for the first year.
- Regal Assets are also the only ones that use segregated storage with Brinks for a flat fee. Most of the other companies will have a fee due to the amount you have invested in gold. This makes it easy to understand how much it will cost each year in service of your retirement account.
- Regal Assets are also the only company that allows storage outside of the USA. You can store your gold in Singapore.
These are just some of the things that makes Regal Assets the most used company when converting your IRA to physical gold.
How do you proceed from here?
I know that we haven’t gotten into the technical aspects of how exactly you would do to convert your IRA to physical gold because it would be impossible to talk about everything in one article.
What you should take away from this article is that YES, it’s possible to own physical gold in your IRA with the help of a rollover to a self-directed IRA.
This is not anything that is simple to do by yourself which is why you should seek help from a trusted gold IRA company.
In my research Regal Assets have been beating all the other companies by a landslide, but feel free to do your own research.
Please leave a comment below if you find anything that I didn’t find or if you have any questions. I would love to be of any assistance to you.
If you are eager to convert your IRA to physical gold you can get it started today with as little as 3 simple steps.
- Fill out the secure online form to get your application started.
- Wait for a Regal Asset gold IRA specialist to get back to you and finalize your setup.
- Fund your IRA account and pick metals!
If you want to know more I highly suggest that you download Regal Assets Free Gold IRA Rollover Kit. This has some tremendous information in it and it also allows you to contact Regal Assets with your personal questions about how to convert IRA to physical gold.