About IRAsFAQ about investing gold in your IRA account

IRA Facts:

Can an investor have more than one IRA?

An investor may have multiple IRAs, but no matter how many you have your total annual contribution limits remain the same.

Can an investor transfer money from an existing IRA account to fund a Gold IRA, without incurring any tax penalties?

Yes. If you have an existing IRA or 401(k), the easiest way to set up a new Precious Metal IRA is by transfer. You transfer the amount you want to invest in a new IRA, and there are no tax penalties. Your IRA custodian knows exactly how to do this and will facilitate the process.

What types of IRAs are eligible to transfer or roll over?

All IRAs (Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Solo) are eligible for direct rollover. Ask your IRA custodian for details or any limitations.

Can an investor open a new IRA with a contribution?

Yes, an investor can open a new IRA with a contribution, and the annual contribution limit remains the same.