Questions and Answers

Language Version: Dealer Gold English / Gold & Silver Dealers Spanish

How can I open a Golden IRA?
Simply request the Free Golden IRA Information guide on how to open up an account by calling 888.969.6465. We can often start the paperwork process as soon as you make the call. In fact, we do 90% of the work for you. A representative is there to help you through any details.

Who does Superior Gold Group work with for IRA custodianship and what are their fees?

Entrust New Direction

Entrust New Direction the principals of Entrust New Direction IRA believe that education is the most important ingredient when directing into non-traditional investments such as real estate, gold, private placements, LLCs and others. Clients who know and understand the rules will know a good investment when they see one. Entrust New Direction IRA has made client education a top priority through classes, articles, and presentations. True diversification in your retirement investing is just around the corner. 

Entrust New Direction prides itself in its superior customer service. Their representatives are highly-trained, knowledgeable, and able to provide you a high degree of courteous service. You'll receive quarterly account statements, and all the necessary government reporting. It's like having your own personal, professional administrative staff responding to your directions. For this superior brand of service, please find your fee schedule below:
Account Set Up: $50  Asset Acquisition: $35 (Waived for All New Clients/First Transaction), Annual Fee: .075 of the value of the account on the day of purchase and annually thereafter ( Min $55 - - Max $160)

 

Am I eligible to make IRA contributions?
Generally, anyone under age 70 1/2 who earns income from employment, including self-employment, can make annual contributions to an IRA.

How much may I contribute to my IRA annually?
Traditional IRA contributions for 2009 are $5,000 per year or $6,000 per year for those 50 and older. Roth IRA limits are the same, but have income phase out limitations. SEP Plans and Pensions have higher limits.  Note: In 2010 limits for converting from a Traditional IRA to a Roth IRA will be removed.

If I already have an IRA or other retirement accounts, can I transfer all or a portion of those proceeds to a Golden IRA?
Absolutely. You simply complete the Golden IRA forms and transfer any portion of your existing retirement accounts you wish.

What is a direct rollover?
A direct rollover is a distribution from your employer retirement plan which is sent to your IRA or another employer retirement plan. The 20% withholding is not imposed on a direct rollover.

When can I start withdrawing distributions from my IRA?
You can begin withdrawals at age 59 1/2. Except for certain circumstances, any funds you withdraw before that date are subject to a 10% penalty. Note: Distrubutions can be taken from your IRA in kind, the valuating of precious metals accounts is an easy process.

You must begin withdrawals at age 70 1/2. For Roth IRAs, after five years, you may withdraw funds tax-free and penalty-free before age 59 1/2 for a first-time home purchase or to pay college costs. Further, you don't have to begin withdrawals from a Roth IRA when you reach age 70 1/2.

Where can I get the forms to start the roll-over of my IRA?
You can find the forms at:
IRA Application
Rollover Form, Transfer Form, Wire Form, Fee Disclosure 
Click here for a step by step presentation on filling out the forms.