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Gold & Silver Bullion IRA FAQ
Q: What is an IRA?
An IRA, or Individual Retirement Account, is a financial account in the United States designed to help individuals save for retirement. There are two main types: Traditional IRA and Roth IRA. In a Traditional IRA, contributions are often tax-deductible, and taxes are paid when funds are withdrawn in retirement. In a Roth IRA, contributions are made with after-tax dollars, and qualified withdrawals, including earnings, are tax-free. Both types have annual contribution limits and offer a range of investment options.
Q: What is a ROTH IRA?
A Roth IRA is a type of individual retirement account in the United States with tax advantages. Contributions are made with after-tax dollars, and qualified withdrawals, including earnings, are tax-free. There are annual contribution limits and income eligibility requirements. Unlike traditional IRAs, Roth IRAs have no required minimum distributions, providing flexibility in managing withdrawals during retirement.
Q: How to Buy Precious Metals with IRA?
Contact us for guidance on opening a self-directed precious metals IRA with our trusted custodian. Easily add bullion products to registered investment accounts, fund your account with cash, or transfer from another institution. Fill in our dealer authorized form, then call us to purchase precious metals for your IRA account.
Q: How Long Does It Take to Open an IRA Account?
Opening an IRA typically takes a few days to a few weeks, depending on the financial institution and whether the application is done online or in person. Providing complete and accurate information, along with prompt fund transfers, can expedite the process. For specific timelines, it's advisable to check with the chosen financial institution. Contact us at 1.888.861.0775 or book a free consultation and make sure you have all the information.