Gold IRA Rollover – Roll Over A Traditional IRA Into A Gold IRA
Many investors are looking for an alternative to investing in traditional IRA assets such as stocks, bonds and other paper based assets. The uncertainty and volatility of international and domestic markets has led many astute investors to include gold as part of their portfolio. For many, using a rollover IRA to convert their current Individual Retirement Account (IRA) into a gold—backed IRA can provide the stability and sense of security they are looking for. Regal Assets, LLC (http://www.regalassets.com/a/2946/) is where many of these investors turn when seeking to rollover their IRAs into gold.
A rollover IRA account is a special type of account typically used by people that have changed jobs or are retiring. Rollover IRAs are used to maintain the tax-deferred status of the assets in the original IRA. These accounts typically hold 401(k), 403(b) or employer profit sharing plan assets. Rollover IRAs allow investors to invest in a wide variety of assets, including traditional stocks or bonds and mutual funds, as well as Exchange Traded Funds (ETF) and precious metals. Investors are permitted to have only one rollover per IRA per year.
An investor can move IRA assets either through a direct rollover or through an indirect rollover. In a direct rollover, the plan administrator will transfer assets directly to the new plan. This allows the investor to avoid having the IRS withhold 20% of the transferred assets.
An investor may instead chose an indirect rollover. In an indirect rollover, the investor takes possession of the IRA assets. The investor then has 60 days in which to place the assets into a different eligible plan. In this case, the IRS may withhold 20% of the transferred assets. These assets will not be released by the IRS until the investor files an annual tax return.
Alternatives exist to using a rollover IRA. An employee may transfer assets to a traditional IRA or convert the assets into a Roth IRA. Potential negative consequences can occur by using these alternatives, therefore an investor should take great care in choosing any of these alternatives. Regal Assets, LLC (http://www.regalassets.com/a/2946/) can assist investors in choosing the appropriate investment vehicle.
One should not confuse rollover IRAs with IRA transfers. An IRA transfer is simply moving an IRA account from one custodian to another. Transferring an IRA involves no tax consequences and doesn’t trigger any reporting requirements. Additionally, investors can make as many transfers as they wish during each twelve month period.
Gold IRA Rollover -Self—Directed IRAs
Though still held in an account administered by a custodian, a self—directed IRA allows the individual investor to be in charge of all investment decisions. This type of IRA gives the investor the flexibility to invest IRA funds in a manner consistent with his or her opinions regarding risk, volatility and even social issues. Gold can be purchased through an IRA, even if it is not self—directed, if the custodian of the IRA is willing to administer that investment.
Gold IRA Rollover -Turning an IRA into a Gold—Backed IRA
Several methods exist for getting an IRA invested in gold, and most employer—based profit sharing and pension plans, as well as 403(b) plans can be converted to a gold IRA. As discussed above, an investor can use a rollover IRA directly into a precious metals IRA.
Alternatively, the investor can take possession of the account assets and within 60 days reinvest them into a new account. Also, if the custodian is willing to administer the investment or if the IRA is self—directed, the investor can direct that gold be purchased as an IRA investment. In any of these instances, Regal Assets, LLC (http://www.regalassets.com/a/2946/) is available to assist in these transactions. Find out today about a gold ira rollover.
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