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WHAT IS A PRECIOUS METALS IRA?
The term Precious Metals IRA is commonly used to refer to a retirement plan that holds physical Gold, Silver, Platinum, or any combination of these metals. NY Federal Gold works directly with clients that have qualified retirement plans, to help diversify and safeguard their portfolios. These plans include:
CONGRATULATIONS
You have taken the first step towards what could be the most meaningful financial decision of your lifetime, adding the stability of the world’s oldest lasting currency to protect and grow your retirement plan. Over 1000 National Gold group clients have worked with our dedicated IRA experts to open a Precious Metals IRA, and with just a few minutes on the phone one of our dedicated account managers can have you on your way to owning real physical Precious Metals in your Retirement Account.
Traditional IRA | ROTH IRA | SEP IRA | Inherited IRA | Rollover IRA | 401(k) | 403(b) | 457 Deferred Compensation | Health Savings Account (HSA) | Thrift Savings Plan (TSP)
A Precious Metals IRA is no different than any other IRA. You can make annual contributions (which can be used to purchase more Precious Metals). You can sell your Precious Metals and move funds to another custodian. Distributions can be taken in-kind, meaning you can take the physical Precious Metals out of your IRA account for physical home delivery, or you can sell the Precious Metals and take the distribution in cash. When you convert your IRA to physical gold, you will find all the same rules apply as that of a traditional paper IRA but with the added advantages of physical Precious Metals.
When dealing with your nest egg, you should only deal with the best. At NY Federal Gold, we pride ourselves on being America’s most trusted and highest rated Precious Metals company.
Follow the following Steps
STEP 1: OPEN YOUR ACCOUNT
Our dedicated NY Federal Gold account representative will walk you through the simple application. It takes a few minutes to complete using our online application. Once done, our in house IRA department will process the rollover or transfer and have your new self directed IRA account completely set up within 24 hours!
STEP 2: FUND YOUR PRECIOUS METALS IRA
One of the most common ways our clients fund their new IRAs is through a rollover, or transfer of funds from an existing retirement account. Our full service IRA department does all the heavy lifting, and quickly completes a rollover / transfer call with your existing custodian
STEP 3: CHOOSE YOUR METALS
Once your precious metals IRA is funded, you can start to fill it with any combination of gold, silver, platinum, and palladium that you want. Your account representative will help walk you through your options of bullion, bars and coins to fill your account. After you decide, we take care of everything else!
Diversification
Gold and silver within an IRA can be a wise decision to secure your financial future. By diversifying your retirement portfolio with precious metals, you’ll have a powerful tool to protect your wealth and potentially grow it over time.
PROTECTION
Many retirement plans heavily rely on volatile financial markets. During the 2008 Financial Crisis and the Dot-Com Crash of 2000, it was not uncommon to see accounts lose 50% or more of their value. What’s worse is that after the 2000 crash, the market took 8 years to recover, which was immediately followed by another crash which took the average account value down 50% again, and took over 6 years to recover.
GROWTH
Precious metals are physical assets that hold intrinsic value. They are mainstream assets that are used in industries like jewelry, electronics, science, energy, and national defense. Furthermore, there is a limited supply of precious metals; more cannot be printed or programmed into existence. We believe as the demand for precious metals increases and supply remains limited. In the 21st century alone, the price of platinum has increased 240%, the price of silver has increased 490%, and the price of gold has increased an astonishing 670%!
LEGACY
For the past 30 years, inflation has made reaching financial goals challenging and sometimes just plain unattainable. Many clients have expressed the desire to leave something behind that presents the potential to keep up with inflation and grow their hard-earned wealth. Precious metals like gold continue to be the most attractive option for our clients due to their potential to outperform inflation over time and help build generational wealth. A Precious Metals IRA comes with all the same tax benefits as a conventional IRA and many more! We recommend you ask your CPA about in-kind distributions, and potential tax benefits they provide.
