Portfolio holders can take advantage of tax and other benefits by holding gold and other precious metals assets in a self-directed individual retirement account (IRA).
To ensure the IRA is IRS-compliant, though, you need to pay close attention to how you fund the account.
Once your self-directed precious metals IRA has been established, you can add money to it in two main ways: by contributing new funds, like those from a checking or savings account, or by transferring or rolling over funds from an existing retirement account, such as a Roth, SEP, or SIMPLE IRA; 401(k); 403(b); 457(b); pension plan; or Thrift Savings Plan.
A transfer from an existing retirement account involves withdrawing funds from your previous custodian and then depositing them into your new account. You won’t be subject to tax implications if the deposit is completed within 60 days.
A rollover utilizes a direct trustee-to-trustee transfer — having your original IRA custodian transfer funds directly to your new precious metals IRA custodian — which prevents tax penalties from being incurred.
As several U.S. Money Reserve reviews indicate, the company has assisted a number of portfolio holders with the process of establishing and funding a precious metals–backed IRA.
“Transferring my IRA was easy, and the company continued to offer me any help that I might need,” Lawrence L. says in one of the U.S. Money Reserve reviews shared on Google. “I would recommend transferring an IRA [with assistance from] U.S. Money Reserve.”
Lisa F. calls the customer service she received from the company “incredible” in one of the U.S. Money Reserve reviews posted on Google in October 2023.
“I wasn’t even sure who managed my retirement fund from a previous employer,” Lisa says. “[U.S. Money Reserve] not only found the account but [were] able to get all of my funds transferred. I feel very happy and confident with their assistance!”
More information about setting up and funding an IRA is available on the U.S. Money Reserve website — or, if you prefer, you can call 1-888-708-0458 and speak to one of the company’s dedicated Account Executives about what’s involved.
