How Can I Open a Precious Metals IRA?
Step 1: Establish your account
Traditional 401(k)s and IRAs cannot hold precious metals, and your provider may not have the ability to help you open a Gold IRA or have the selection of precious metals with options to fit your goals. By setting up a self-directed IRA with Colonial Metals Group, you unlock the ability to hold precious metals and help protect your savings from inflation and economic downturns.
When you’re ready to start the process, our team of experts will show you how a Precious Metals IRA functions, help you with your paperwork, offer you a wide selection of IRA-approved metals, and help you choose the right ones for your needs with confidence.
Step 2: Transfer funds
After your Gold IRA account is established, you’ll need to move funds from your existing qualified retirement accounts into your self-directed IRA’s custodian account. This can include transferring money from traditional IRAs, 401(k)s, 401(a)s, 403(b)s, 457s, Pension plans, Thrift Savings Plans, and annuities. Your new Gold IRA account will be in your name and managed by your custodian for you, and only you have control over it – Colonial Metals Group never takes possession of your funds or metals.
Keep in mind that diversifying your retirement portfolio with gold and silver doesn’t mean moving all your wealth – just a portion of it of your choice.
To ensure a smooth and error-free transaction, the best approach is to schedule a complimentary consultation with one of our Gold IRA specialists. We’ll walk you through the rollover process and handle all the details.
Step 3: Purchase your IRA-approved metals
Finally, after your account has been funded, you’ll select the IRA-approved precious metals you wish to hold in your new Gold IRA. Your dedicated Colonial Metals Group representative will guide you through the options available to diversify your retirement portfolio with gold and silver. Platinum and palladium products are available too.
After the process is complete, we’ll be there to help you if you need assistance with making additional contributions, handling storage paperwork, updating beneficiary information, or even selling your metals back. While no precious metals dealer can legally guarantee buybacks, we’ve never refused a client’s request.
