A Goldco Gold IRA functions much like a traditional IRA, aside from the fact that you are investing in physical assets rather than paper ones. Because of this difference, there are additional rules and regulations that apply–but don’t fret. Goldco has offered precious metal products for over a decade, and their knowledgeable staff has ample experience with IRS regulations. As a customer, they make it easy for you to let your retirement account do the work for you. Here’s what their process looks like:

•  Complete the application for a new Gold IRA by contacting their team
•  Choose an approved non-bank trustee to store your investments
•  Fund the account
•  Tiered investment packages
•  Choose the type of gold coins or bars that you want to invest in

Once you complete this process, Goldco will have your investments safely moved and stored at the trustee’s IRS-approved facility, where they remain until you reach retirement age. At that time, you can choose whether you want them disbursed in gold or cash. Keep in mind that there are account fees associated with having a custodian manage your investment, much like other investment products. The gold in these accounts must be at least 99.5% pure, yet a common oversight amongst gold investors is the value differences in the types of gold. Goldco offers the option to invest in gold coins or bars.

Just like gold coins, silver collectible coins tend to be more valuable than silver bars since they’re easier to trade and more easily recognizable. Goldco offers the following types of silver coins:

•  Silver American Eagle Coin
•  Silver American Eagle Proof Coin
•  Silver Maple Leaf Coin
•  Silver Australian Saltwater Crocodile Coin
•  Silver Lucky Dragon Coin
•  Silver World War I Coin
•  Silver WWII Victory Coin
•  Silver American Bald Eagle Coin
•  Royal Mint Silver Britannia Lunar Series: 2015-Year of the Ram Coin
•  Royal Mint Silver Britannia Lunar Series: 2016-Year of the Monkey Coin
•  Royal Mint Silver Britannia Lunar Series: 2017-Year of the Rooster Coin
•  Royal Mint Silver Britannia Lunar Series: 2018-Year of the Dog Coin
•  Royal Mint Silver Britannia Lunar Series: 2019-Year of the Pig Coin

Are you looking to roll over an existing retirement account? Perhaps, if you’re currently changing jobs or retiring? In that case, the IRS’s deposit and disbursement laws mandate that you roll over the distribution from the existing IRA or other retirement accounts within 60 days.

Goldco makes it easy to do so by offering helpful guides to let you know whether your account is eligible to be rolled over into a Goldco precious metals IRA. Doing so would be more beneficial than purchasing precious metals outright because the IRA account investments are taxed less.

Additionally, the contributions you make to your precious metal IRAs may also be tax-deductible depending on your tax bracket. Not only will your investments be much more fruitful when it is time to withdraw, but they may also save you money in the present.

However, like many other forms of investing, rolling over your accounts into a precious metals IRA is subject to IRS rules and regulations. It’s important to be familiar with them before deciding to roll over your accounts.

For instance, there are regulations that control how much you can contribute based on your age as well as what age you will be allowed to begin withdrawing funds. By understanding these rules, you can save yourself a lot of time and money.

Fortunately, Goldco’s friendly staff is well-versed in the laws pertaining to precious metal IRAs and, according to customer reviews, is more than happy to answer questions. They make it easy to roll over your traditional retirement accounts into a precious metals IRA by offering a simple rollover process.

The first step is always to do your research. The Goldco team understands that no one knows your personal circumstances better than you do and promise never to recommend products that don’t fit your goals. If you decide that precious metals are right for you, you should start thinking about the types of Goldco precious metals you want in your portfolio.

Second, you will work closely with a Goldco specialist who will walk you through the steps of selecting the type of precious metals IRA and filling out the needed paperwork. During this step, the precious metals specialist will ensure that all guidelines are followed, and you can ask questions.

Next, you can expect to begin setting up the rollover by performing a direct or indirect transfer. The best way to do so is by transferring it directly from the previous servicer. Either way, a Goldco precious metals specialist can walk you through the transfer process, and once complete, you can officially select the precious metals you want to be included in your IRA investment account. After that, it’s smooth sailing, and you can watch your retirement funds grow steadily over the years.