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Secure your future with a Silver IRA.

Diversify and grow your retirement assets.
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Why Silver IRAs?

Why Silver IRAs?

  • Supply and Demand Dynamics

    Over the years, the demand for silver has expanded due its use in various industries. Silver has also maintained a strong investment demand in times of inflation, and a declining silver supply could potentially drive the silver price up significantly.

  • Tangibility and Transparency

    For some investors, there’s a sense of security in knowing that they have a physical item of value, not just a digital or paper representation of wealth. Furthermore, because it’s tangible, it’s not subject to cyber risks like some digital assets or bank accounts might be.

A Silver IRA in 3 Simple Steps

At Sovereign Gold, we make owning physical gold or silver easy. We’re convinced that including precious metals is a vital pillar of a comprehensive retirement savings plan.

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  • Open Your IRA, Your Way
    Speak with a Sovereign Specialist to simplify your goals and understand our terms of doing business. Once you decide a Precious Metals IRA is right for you, we will sign an agreement and walk you through to process of opening a your IRA.
  • Allocate to Your Self-Directed IRA
    You can add funds to your Precious Metals IRA by transferring assets from other retirement accounts you might have, such as 401(k), 403(b), TSP, savings, or other IRAs. Typically, these transfers and rollovers don’t result in any tax penalties.
  • Purchase Your Precious Metals
    After funding your Precious Metals IRA, you can select the specific metals you want to include in it.
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FAQs

  • Are there penalties for moving assets from an IRA or 401(k) to a Precious Metals IRA?
    No, if the process is executed properly, shifting assets from an IRA or 401(k) to a Precious Metals IRA does not result in any tax liabilities or penalties.
  • What types of retirement accounts are eligible to roll over into a Precious Metals IRA?
    Various retirement account types are eligible for rollover or transfer into a Precious Metals IRA. These include 401(k), 457, 403(b), TSP accounts, and pensions. Additionally, you have the flexibility to roll over funds from a Roth retirement account into a Roth Precious Metals IRA, or opt for a Roth conversion when transitioning from a 401(k) or a similar account into a Roth Precious Metals IRA.
  • Will I be charged any fees like I see in my mutual fund statement?
    In contrast to mutual funds, Precious Metals IRA fees typically come in the form of an annual flat fee, rather than being based on a percentage of your assets. This means that as your precious metals holdings increase, the fees represent a smaller percentage of your assets, while with fewer precious metals, they might make up a higher percentage. It’s also worth considering that Sasco Gold may have ongoing promotions that could potentially offset or reimburse these annual fees. You can inquire with a Sasco Gold Specialist for more information.
  • Can I take physical possession of my metals?
    Your precious metals are stored within a secure depository while they are owned by your IRA. When you reach the age of 59 ½ and become eligible for distributions, you can decide to receive your distributions in either cash payments or as physical precious metals.
  • Should I rely on this site for tax or legal advice?
    Sasco Gold does not provide tax or legal advice, and does not offer recommendations regarding the tax or legal implications of buying or selling precious metals or setting up a Precious Metals IRA.
  • Should I rely on this site for financial advice?
    This website offers general information and is not customized to meet the specific financial objectives of any individual. The responsibility lies with you to self-educate, evaluate all the risks associated with your purchases, and consult with a financial advisor if you find it necessary. While Sasco Gold and its representatives specialize in precious metals, it’s important to note that we are not licensed financial advisors and do not provide financial guidance.
  • What are the risks associated with a precious metals purchase?
    Every investment comes with inherent risks. Some of the risks associated with purchasing precious metals include the following: the potential for fluctuations in precious metal prices, which can result in the value of your metals increasing or decreasing over time, possibly leading to selling at a profit or a loss. Additionally, it’s important to note that precious metals do not yield income. Keep in mind that this is not a comprehensive list of risks, so it’s advisable to conduct further research.
  • Does past performance guarantee future results?
    No. Past performance does not guarantee future results. Making predictions about the future value of precious metals is inherently uncertain. Sasco Gold cannot provide assurances, guarantees, or promises regarding future market trends, prices, or potential profits.
  • Can I buy precious metals without an IRA?
    Absolutely, you have the option to purchase precious metals without an IRA. Sasco Gold is a comprehensive precious metals company, and we are well-equipped to assist you in acquiring gold and other precious metals for safe and secure delivery to your designated location.
  • Why do I need a custodian to administer the precious metals in my IRA?
    The necessity of a custodian applies to all IRAs. The IRS mandates that an IRA be overseen and its assets monitored by a custodian, and this regulation remains consistent for a Precious Metals IRA.
  • Which custodians does Sasco Gold work with?
    Sasco Gold collaborates with all major custodians for Self-Directed IRAs.
  • How do I roll over my existing IRA or 401k to a Precious Metals IRA?
    The process of rolling over your existing IRA or 401k into a Precious Metals IRA entails three key steps: Initially, we’ll establish a new Precious Metals IRA on your behalf. Subsequently, we’ll guide you through the smooth and penalty-free transfer of funds from your current account, without the need for additional investments. Once the funds are successfully transitioned into your Precious Metals IRA, we’ll then equip you with the essential resources for you to make your selection of precious metals.
  • Who is eligible for a Precious Metals IRA?
    In general, eligibility for a Precious Metals IRA is open to anyone with earned income.
  • How long does it take to roll over my IRA?
    Usually, the rollover process takes less than two weeks. However, the timeline can vary for each unique application. Our Specialists will assist you in collecting and filling out all the required documents for your rollover and can also offer an estimate for the specific duration of your rollover.
  • What type of metals can I keep in my Precious Metals IRA?
    The primary assets commonly held in a Precious Metals IRA include gold and silver, and for those looking to expand their portfolio, we also provide options for platinum and palladium. Within each category, you have the flexibility to select from various products like coins or bars. Our selection encompasses both standard bullion items and premium bullion options. It’s important to note that the IRS stipulates a required level of fineness for metals eligible for inclusion in an IRA. Our Specialists are available to assist you in identifying the ideal combination of precious metals that align with your investment objectives.
  • How do I keep my precious metals safe while they’re in my IRA?
    Upon opening a Precious Metals IRA, your precious metals will be safeguarded in a well-protected vault at an insured depository. It’s important to recognize that the IRS stipulates that physical metals funding a Precious Metals IRA must be securely housed by a depository and managed by the custodial financial institution.
  • In what form can I receive distributions?
    Distributions from your Precious Metals IRA can be received as physical gold, silver, platinum, or palladium, depending on the metals held in your account. If you prefer to receive cash instead, Sasco Gold can assist you in the process of converting your precious metals into cash.