Why a Precious Metals IRA?
There are several good reasons for transferring all or a portion of your
retirement funds into a precious metals individual retirement account
(IRA). Unlike the risk and volatility associated with stocks,
bonds, and other investments, a Precious Metals IRA offers a tangible
and profitable alternative during uncertain economic times. In
2001, many investors lost an average of 25% to 50% of their retirement
portfolios in stocks, bonds and other investments, and the financial crisis of 2007-2009 has taken an even larger toll. A Precious Metals IRA represents an
excellent “buy and hold” position for prudent investors who are seeking
safety, liquidity, peace of mind, and potentially significant
tax-deferred gains within their retirement accounts.
Since October, 2001 the CRB Commodity
Index has gained 79% despite minor corrections in base metals along the way. By
diversifying all or a portion of you retirement funds into precious
metals you can participate in an historic opportunity and profit during
the coming years. A Precious Metals IRA is a “self directed”
investment in which you have complete control to change or redirect
the assets in your IRA account. Unlike traditional paper-asset
based IRA strategies which are under the direction of nameless,
faceless fund managers, you have full knowledge and control of your IRA
account. Precious metals are also easy to track on a regular
basis, and you are assisted in selecting the appropriate metals to
place into you IRA account for safekeeping. A rollover or
transfer of IRA funds is penalty free with low annual fees ($175), and the
account holder can take delivery of their account at any time if they
so choose (federal and state taxes are applicable).
A Precious Metals IRA is a wise choice
for investor’s seeking to diversify their overall investment portfolio
and obtain flexibility and safety for their retirement funds.
Most employer pension and profit sharing plans, 401(k), 403(b), 457(b),
SEP 408(k), SIMPLE IRA 408(p), Keogh, ROTH and traditional IRA’s can be converted to a Precious
Metals IRA. This can be accomplished by issuing a transfer request to
your present account holder(s), or by simply collecting the proceeds
from these accounts, and reinvesting them into your new account.
As long as you reinvest these funds within 60 days, you enjoy the same
rollover status as you do with a transfer request, with no IRS
penalties or taxes. This is often a faster and more convenient
method than processing a transfer request. You may then continue
to fund you precious metals IRA each year, up to the maximum allowable
amount. Currently, an individual may contribute $5000 per year and this limit may increase.
IDP Consulting Group uses the custodial
services of Sterling Trust Company, located in Waco, Texas
(www.sterlingtrustcompany.com). Your Precious Metals IRA is
professionally administered by this third-party trust company, and is
fully licensed and regulated by federal and state agencies. Each
account holder is provided with a comprehensive quarterly statement and easy
online access to their account. Additionally, all precious metals
in your IRA account are securely stored in an insured, physically
segregated account at Delaware Depository Service Company (DDSC), a New York
Mercantile Exchange approved depository located in Wilmington,
Delaware. IDP Consulting Group can assist each account holder
with their selection of precious metals and help arrange for their safe
delivery and storage at DDSC. This
final transaction is promptly handled upon completion of your transfer
request or rollover to Sterling Trust Company, and you are provided
with a confirmation and an invoice for your records. Please contact our office for more information.
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