Hedge Against Inflation
Precious metals like gold are an asset you can expect to maintain or increase in value over time.
Hedge Against The Dollar
Thousands of our clients buy gold and silver to provide protection against the decreasing value of the dollar.
Precious Metals Vs. Stocks
Gold and silver have significantly outperformed the Dow Jones Industrial Average for the past 12 years.
THE IRA COMMITMENT
We help Americans secure their financial futures.
At GS Gold IRA Investment, you’ll never pay retail and always work directly with the owners. Leading industry experts with a wealth of experience, we’ve held senior positions at the largest retail precious metal investment firms in the U.S. We eliminate multiple layers of executive and shareholder compensation and work directly with you to secure the most competitive pricing on gold and silver.
Protect Your Wealth with a Gold IRA in Chicago IL
Take Control of Your Investments with a Gold IRA. Learn How.
|Gold IRA||Gold individual retirement account is committed to providing exceptional customer care as we develop our organization as well as reputation one partnership at a time. We guarantee to supply ease of access, liquidity, as well as openness to the precious metals Self-Directed Individual Retirement Account sector (Self-Directed Gold IRA).|
|Gold IRAs are Self-Directed||A Gold individual retirement account operates like any other IRA You can use yearly contributions to acquire even more gold, or you can offer your gold and also move funds to an additional custodian. Circulations function the same way. Take the physical gold out of your Gold IRA account, or offer the gold and take the funds out in money.|
|Good reasons for Having a Gold individual retirement account.||(1) Worldwide debt (2) The globally rise in money supply (3) Gold has actually stayed as cash despite the rise and fall of whole worlds (4) Gold has constantly preserved its buying power (5) Historically, gold usually moves in the contrary direction to the various other asset classes|
|The Rollover Procedure||A rollover is relocating funds from an employer-sponsored retirement into an IRA which allows you to preserve the tax-deferred condition of your retirement possessions, without paying current taxes or penalties for very early withdrawal. A Gold IRA Rollover transforms your retirement account right into a Self-Directed individual retirement account so that you include choose precious metals to your retirement account.|
|Gold Individual Retirement Account Custodians?||The tax obligation code specifies that an IRS-approved custodian or trustee should hold silver or gold utilized in a Self-Directed Gold Individual Retirement Account As a licensed, bonded, and insured trust company, the IRS-approved individual retirement account custodian is a certified, bound, as well as insured protector of possessions.|
|Home Storage Gold IRA||The IRS does not acknowledge house storage space, or a safe-deposit box for that issue, of precious metals as an IRA. Taxpayers who save rare-earth element IRAs at home run the risk of engaging in a banned deal, which opens them to enhanced revenue tax. There's additionally a fine if they are more youthful than 59.5 years as well as attempt to liquidate their assets.|
Why Choose Us In Chicago IL
Expert Guidance All the Way
Whether you decide to take precious metals delivery or consider converting a portion of your retirement into physical precious metals, our senior portfolio managers can help answer all your questions.
Tailored Investment Strategies
We cater to each investor based on their specific needs. No two clients are identical; therefore, we treat all our clients as unique individuals and work to help them reach their personal goals.
First-Class Customer Service
We know you have many choices with whom you do business. At the GS Gold IRA, we take pride in assuring complete customer satisfaction as you take charge of your retirement and savings!
Simple Re-Purchase Program
We understand that life happens, and your needs can change. If you ever need to modify your investments, we offer a simple re-purchase program for your metals at any time. No questions asked.
Start Investing In 3 Easy Steps
Invest in Gold and Silver IRA provides a safe, simple and educated approach to investing in Precious Metals.
Contact Our Experts
Fill out the form to get your free Gold IRA Investor Guide and speak with one of our representatives.
Transfer or Roll Over
Our 401(k) and IRA Rollover department will guide you step by step through the tax-free.
Own Precious Metals
Once your Self Directed IRA account is funded, we will help you buy and store your precious metals.
Frequently Asked Questions
A Gold IRA is similar to a regular IRA (individual retirement account), except it is backed by investments in precious metals.
A gold IRA works in much the same way as most IRAs, except you are investing in hard assets within your self-directed gold IRA account. A self-directed IRA allows you to invest in alternative investments as defined by the IRS which includes gold, silver, and other precious metals.
The administration of the gold IRA’s physical assets is performed by an IRS-approved custodian that you assign and your metals are stored in an IRS-approved vault or depository.
You may open a gold IRA account if you are under 70 1/2 years old and have earned income. You may start taking distributions at age 59 1/2. Taxes on withdrawals depending on your age and income at the time of withdrawal.
Gold must have a minimum purity of 99.5% and silver a minimum of 99.9% to qualify for a IRA, those investment metal options include some gold & silver government bullion, Private Proof gold & silver coins, and other precious metals such as platinum and palladium. Typically, having a mix of several different investments in your portfolio provides the greatest diversification and growth potential.
Absolutely not! In addition to precious metals, your Gold IRA may contain precious metals, stocks, bonds treasury securities, annuities and other investments.
Yes, the federal government has approved precious metals IRA’s so that individuals can enjoy some of the same benefits. In fact, Proof gold coins and Proof silver coins are designed to be held in a retirement account.
The minimum investment to open a Gold IRA is $5000-$10000 depending on the custodian you choose.
You can transfer any Traditional, Roth, and/or SEP IRA and also direct rollover any previous 401k and/or 403b to a Gold IRA without incurring any taxes or penalties.
If you are under 70 ½ years, you can contribute a maximum of $5,000 a year, that’s why for those that are doing partial transfers really take time in considering how much you really want to transfer.
At the age of 59 ½ or older, you can take possession of your metals without any penalties, any withdraws before that date you are subject to a 10% penalty unless for a first-time home purchase and/or to pay college costs. For Traditional Gold IRAs you must begin withdrawals at age 70 ½. For Roth Gold IRAs after five years, you may withdraw metals tax-free & penalty-free, further more you don’t have to begin withdrawals from Roth Gold IRAs when you reach age 70 ½.
If you are concerned about Gold IRA risks and the reputation of the Gold IRA company you are considering and have fears of your gold being lost because of malfeasance or negligence you need to conduct a background check of the company you are considering. Your due diligence should be the same with researching a Gold IRA company as you would with any company with you are conducting a high-value transaction. A Gold IRA company’s credibility and trustworthiness is made up of many different factors. How long have they been in business? What is their reputation in the industry? Do they have problems fulfilling promises to their customers?
If you search online, you will find that many of the answers to these questions and more can be found. You can do a simple search on any search engine or the BBB and find infractions and mistakes made by any company. Most companies in business for some time will make mistakes. Take your findings and concerns to the Gold IRA company’s representative that you are working with, and give them an opportunity to address these issues.
If you are talking about other risks with having a Gold IRA, then yes, gold can go down in price and value. However, a Gold IRA is only something that should be considered as a long-term investment and to insure your wealth from unexpected events in the world. A Gold IRA is something that is like insurance when those negative events happen.
To make sure that your gold is safe, it must be stored separately from the company that you bought it from. Companies that store gold for you are called Gold Custodians.
Simply stated, no. At the age of 59 1/2, you will be able to take physical possession of your metals, through distributions, without any penalties. Until that time the gold in your Gold IRA account will be in the hands of a Gold IRA custodian and held in your name just like any other IRA account. This is an IRS requirement.
The IRS requires that any IRA have a custodian. It is no different with a Gold IRA Account. As with any investment do your due diligence and check out the Gold IRA company you are considering. Each Gold IRA Account’s assets should be overseen by a Gold IRA Custodian. Ask your Gold IRA company if their recommended Gold Custodian and depository are IRS-approved.
This is called a rollover. It usually is made up of three parts.
First, you must choose a reputable and qualified Gold IRA company, there you work with an IRA specialist to assist you in opening your gold IRA account.
Next, you will fund your new gold IRA account from your old existing IRA account. There is no penalty for this transfer.
Finally, once your gold IRA is funded, your gold IRA company will provide you with a choice of eligible precious metals products to select from that will meet your IRA investment goals.
Once you have chosen your Gold IRA Company and have opened an account, your gold account specialist will help you transfer funds from your old IRA account. No other personal or funds outside your IRA will be needed.
Your gold IRA specialist will offer you a choice of eligible precious metals products to select from that will meet your IRA investment goals.
There are too many benefits to opening a gold IRA account to attempt to fully list here.
First, depending on when you start making investments in gold for retirement, time will be on your side. You should plan to open a Gold IRA account at least five years before retiring to take full advantage of time as you continue adding to your Gold IRA with several contributions before retiring, its value could grow exponentially and become an important part of any investment strategy, especially if inflation rises or markets decline (including major world events).
Gold has always been a respected store of wealth and still is. Many recent trends show that with all other types of investing being unpredictable due to instability around the globe and with potential bubbles; this is one asset class where its stability reigns supreme.
Once you have set up and funded your Gold IRA and purchased your precious metals and have had them placed in an IRS-approved storage facility, future annual maintenance will be simple and economical.
Plan on paying a yearly storage fee of between $200 and $300. Be sure to ask your Gold IRA specialists for disclosure on this annual maintenance and administration fee.
What are the tax implications of investing in gold with a self-directed IRA account?
Taxes on the gains on your gold investment are deferred until withdrawal.
You may start taking distributions at age 59 1/2. The potential tax implications of your gold IRA distributions depend on your age and income at the time of withdrawal.
Speak to your Gold IRA Specialists for guidance on your specific IRA contribution limits. They can provide clearer context and guidance on this issue.
Just like with any IRA account, if you withdraw money or metals from your Gold IRA before age 59 1/2, you may be required to pay an early withdrawal penalty unless the withdrawal is qualified for an exemption. Early withdrawals can cost you money, so be sure you understand what the penalty amounts would be. Your IRA Gold Company specialist can detail the penalties and exceptions for early withdrawal.
The IRS code specifies certain gold, silver, and platinum coins that qualify as IRA-eligible. The minimum purity standards for these items are determined by the type of metal they’re made from. For example Gold bars must be at least .995% pure or higher; Silver bullion (rounds) should have a fineness no less than .999%; Platinum is to be 99%+; Palladium has an upper limit of 98%.
Collectibles such as stamps and art cannot be included in your retirement fund in any way shape or form – so other forms of precious metals like collectible coins and jewelry aren’t allowed either.
Our selected Gold IRA Company will answer any questions you may have about what are IRA-eligible precious metals for your account. Order your IRA Gold Guide today to see what coins and bars are available. You can order your free guide here today!
The right time to consider or start any retirement investment strategy is when it is top of mind. Time is the greatest denominator in determining if a retirement investment will pay off. The more time investment has to mature the more compounding that can occur. Pair long-term commitment and contributions with compounding and tax deferment and you have a recipe for success for anyone.
Once your Gold IRA account is funded and you have purchased the precious metals you have chosen for your account, your Gold IRA company will have your metals securely transferred to an IRS-approved depository or vault. There your metals will be secured and under the administration of an IRS-approved gold custodian.
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