Golden IRA Frequently Asked Questions (FAQ’s)

1) How do I actually set up a Gold IRA?

Simply request the Free Gold IRA Free Information on the front page of the retirement center. It will take a just a few days for you to receive and complete the easy forms and send it back to us to open your account. A representative is there to answer any of your questions and help you through any details. You may also complete our IRA Account Form and a representative will contact you.

2) Who is eligible to make IRA contributions?

Generally, anyone under age 70 and a half who earns income from employment, including self-employment, can make annual contributions to an IRA.

3) How much may I contribute to my IRA annually?

You can contribute a maximum of $5,500 (plus a catch-up contribution of up to $1,000 for individuals age 50 and over) or 100% of your compensation, whichever is less, to an IRA each year. SEP Plans and Pensions have higher limits.

4) 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! Simply complete the IRA Account Form and we’ll help you transfer any portion of your existing Retirement accounts that you wish.

5) 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.

6) 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. 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.

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