Setting Up a Gold IRA
Set up your Genesis Gold IRA in 3 simple steps:
-
Complete your IRA Application with one of our trusted IRA Custodians
-
Transfer your IRA or 401k Funds Tax & Penalty Free
-
Purchase your Precious Metals
Step 1: IRA Application
The Gold Hotline works with several Trust Custodian partners to facilitate your Gold IRA rollover.
Step 2: Transfer Your Existing Funds
The Gold IRA transfer process allows for existing qualified retirement funds to be transferred or rolled over tax-free and without penalty.
Step 3: Purchase Your Precious Metals
With decades of combined experience, our Team will guide you in your Precious Metals purchase, including Gold, Silver, Platinum, and Palladium.
Gold IRA Set-Up Fees
Our Trust Custodian partners utilize different fee structures for account setup, custodial responsibility, and storage of precious metals.
Rolling Over an Employer-Sponsored Account
Certain employer-sponsored accounts, such as 401(k), 403 (b), 457 (a), etc., may have specific qualifications for a tax-free transition. Most employer-sponsored plans allow for a tax-free rollover after the age of 59 ½ or once you leave the service of the employer sponsoring your account.
Precious Metals Allocations
You can allocate your retirement funds towards IRA-approved precious metals upon funding your new Gold IRA. The precious metals must contain 0.995 fineness or greater (24-karat) to qualify for IRA purchase. In addition, they must be stamped by NYMEX or COMEX-approved refiners such as the national mints of the USA, UK, Canada, Australia, and Austria.
Examples of eligible precious metal coins that can be included in a Gold IRA are:
American Eagle
Contribution Limits
Certain contribution limits restrict IRAs. For example, investors under 50 can only make annual deposits of up to $6,000. However, at 50 years old, you may increase your contribution to $7,000 annually.
