Gold IRA FAQ

You can transfer any Traditional, Roth and/or SEP IRA also direct rollover any previous 401k and/or 403b to a Gold IRA without incurring any taxes or penalties.

A Gold IRA is similar to a regular IRA (individual retirement account), except it is backed by investments in precious metals.

Gold must have a minimum purity of 99.5% and silver a minimum of 99.9% to qualify for a IRA, those investment metal options include some gold & silver government bullion, Private Proof gold & silver coins, and other precious metals such as platinum and palladium. Typically, having a mix of several different investments in your portfolio provides the greatest diversification and growth potential.

Absolutely not! In addition to precious metals, your Gold IRA may contain precious metals, stocks, bonds treasury securities, annuities and other investments. Most people choose GoldStar for Gold IRA to keep all funds invested under one umbrella.

Yes, the federal government has approved precious metals IRA’s so that individuals can enjoy some of the same benefits. In fact, Proof gold coins and Proof silver coins are designed to be held in a retirement account.

No. You can transfer or rollover any qualified retirement tax-free & penalty-free. You are simply transferring assets from one custodian to another.

The minimum investment to open a Gold IRA is $5000-$10000 depending on custodian you choose.

If you are under 70 ½ years, you can contribute a maximum of $5,000 a year, that’s why for those that are doing partial transfers really take time in considering how much you really want to transfer.

At the age of 59 ½ or older, you can take possession of your metals without any penalties, any withdraws before that date you are subject to a 10% penalty unless for a first-time home purchase and/or to pay college costs. For Traditional Gold IRAs you must begin withdrawals at age 70 ½. For Roth Gold IRAs after five years, you may withdraw metals tax-free & penalty-free, further more you don’t have to begin withdrawals from Roth Gold IRAs when you reach age 70 ½.

Our IRA department has a close relationship with Gold Star and will have your account setup with a Gold Star account number within 48-72 hours of your application completion. The process is typically complete in two weeks. An experienced precious metals IRA specialist can help you complete the documents for a fast, smooth, secure process.