Silver has been praised for its versatility, earning the title of “the people’s metal.” As such, it may be a valuable addition to a retirement portfolio that diversifies beyond traditional Wall Street products. A Self-Directed IRA allows you to invest in alternative assets, including precious metals like silver, to ensure your retirement funds are well-rounded and safe in the event of economic turmoil.
The first step in opening a Silver IRA is choosing a custodian/trustee who will manage your account. This will be a company that specializes in precious metals IRAs and follows all IRS regulations, ensuring that your investment is safe and secure. Once your account has been established, you can begin investing in silver, along with other precious metals like gold and platinum.
Once you have chosen a custodian/trustee, you’ll need to determine what kind of Silver IRA you want to open. Typically, the best options for a silver IRA are silver bullion coins and bars that meet purity requirements. Popular choices include Johnson Matthey silver bars and American Silver Eagle coins, which offer high-purity standards. However, it is important to remember that a Silver IRA can hold only IRS-approved precious metals. Rare or collectible coins, for example, aren’t allowed, even if they meet purity standards.
If you’re rolling over from another retirement account, such as a traditional or Roth IRA, you can transfer your funds to your new Silver IRA with no taxes or penalties. Then, you can allocate your funds to a variety of IRS-approved silver options to meet your retirement goals and risk tolerance.
Whether you’re starting a new Silver IRA or looking to add precious metals to your existing retirement account, Freedom Gold USA can help you find the right solution for your unique needs. With transparent fees and experienced custodians, we make it easy to invest in a silver IRA that is tailored to your financial goals and aligned with IRS regulations.
We’re proud to partner with reputable Virginia Beach precious metal IRA and investing company that offer a full suite of services for their clients. This includes personalized consultations with our experienced precious metals advisors to ensure your rollover is seamless, and your investments are properly diversified to protect your wealth and prepare for future retirement. We also provide a wide range of rollover solutions to simplify the process for our clients, so you can get started investing in a silver IRA in Virginia Beach as soon as possible. Contact Freedom Gold USA today to learn more about how we can assist you.