Acquiring IRA-eligible precious metals Most companies offering self-directed precious metals Individual Retirement Accounts allow account holders to transfer their existing retirement investments to a precious metals IRA. This process of transfer from a conventional IRA to a precious metals IRA is known either as a “rollover” or a “transfer” depending on the specifics of the transaction.
Regardless of whether an account holder chooses a transfer or rollover, the movement of funds from a conventional retirement account to a precious metals IRA must be executed through a trustee or depository You should also focus on the nature of the transfer you desire. Do you wish to transfer your entire 401 to a gold IRA, or only a portion? This depends upon your investment strategy, risk tolerance, and proximity to retirement. Diversifying 10 to 15 percent of a portfolio into precious metals is considered a conservative approach that can be adjusted up or down based on performance.
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