Precious Metals IRAs are less expensive and easier to open than you thought.
You have been asking us to provide a better, easier, and more cost-effective solution to precious metals IRAs and today, we are delivering. IRAs are an incredible way to purchase metals using pre-tax dollars. Anytime you can use pre-tax dollars to buy and hold onto your investments, you should take advantage of that opportunity, provided you are working with reputable industry leaders.
Who is involved in the precious metals IRA process?
Whether you are a seasoned investor or you are just starting to learn about IRAs, it is important to understand that there are four groups that are involved in your IRA process.
- Account Holder—That’s you
- Metals Dealer—That’s us
- IRA Administrator—They make sure everyone is following the IRS tax code
- Custodian—That is a third party that will actually hold your metals
When making an investment, we know you want quality service, a high level of security, complete transparency, a low fee structure, and an easy-to-use platform.
We have interviewed dozens of administrators to find companies that will offer the highest levels of customer service and responsiveness, and we found two options that met our high standards. Essentially, all the bells and whistles, but none of the fuss. We found them.
What’s in it for YOU?
Once we settled on the best two precious metals IRA administrators and custodians, we asked what they could do to really sweeten the deal for our customers. They have both offered to waive the account setup fee, as well as the first year’s administration fee! This is a savings of up to $250 just for you! We have never been able to offer this deal, so we are obviously really excited about it!
What type of metals can I deposit into an IRA account?
If you’re not sure what types of metals to deposit into your IRA, we’ve made it easy by creating IRA categories for you. Each category focuses on a group of precious metals—gold, silver, platinum, and palladium—and contains only metals that are eligible for IRA storage.
What’s the next step?
We have done our homework. We have vetted the best precious metals IRA providers. We’ve asked them to reduce their fees for you. We have built unique categories that are specifically designed to show only IRA eligible products. All the work has been done for you. All you need to do is call. What are you waiting for?
Contact New Direction IRA or Preferred Trust today with any questions or to set up an account today, and be sure to let them know you’re a Provident customer! There’s no easier way to invest in bullion—start your precious metals IRA today!
For more information on precious metals IRAs, please visit our website and read our blog.
Can I take money from a 401k to invest in a precious metal IRA?
If so how do you go about that?
There are a few ways you can access your 401k for a Precious Metal IRA. The main component is if you are still employed by the plan administrator (the company sponsoring the 401k). If that answer is ‘no,’ you simply open an account with a trusted IRA provider that can custody precious metals and rollover the funds from your 401k to a self-directed IRA for your purchase. If that answer is ‘yes,’ it becomes more complicated. Typically, the plan administrator does not allow money to leave the 401k while you’re still employed by the company sponsoring the 401k. There are, however, some that do. I would recommend checking with your HR department and inquire if you can rollover funds to a self-directed IRA while still employed.
How do I save on Mac’s with PM IRA?
Hi Jom,
What do you mean by Mac’s?
Monthly Account Contributions? I am also curious as to what Macs are.
Hi, my name is Joyce and I’m interested to learn more about your IRA product.
Here is my questions:
1. who will hold the actual metals? you or me?
2. After the 1st year, how much is the administration fee?
3. Do you take commission when I buy the metals?
4. Can I open a Roth IRA with you or just straight IRA?
Hi Joyce,
1. The actual metals are held by your custodian. We recommend IDS of Delaware or Texas.
2. This depends on your IRA provider. If you haven’t chosen a provider yet, we recommend either New Direction or Preferred Trust. New Direction’s fees after the first year are based on the value of your IRA. If your IRA has less than $100,000, your yearly admin fee will be $75. If it’s over $100k, your yearly admin will be $125. Preferred Trusts fees are $200 regardless of the amount in your IRA. Links to both fee schedules are found below.
https://service.newdirectionira.com/euf/assets/ndira/forms/Precious_Metals_Fee_Schedule.pdf
https://preferredtrustcompany.com/wp-content/uploads/2017/11/PTC_Fee-Schedule_Provident-Metals_11.6.17_Static.pdf
3. We do not take a commission when you buy metals other than our normal everyday prices. So whether you are buying bullion that you hold onto at your home or bank with after tax money or buy bullion that you hold at your custodian using pre-tax money, the prices will be the same.
4. You can open either IRA account and use it to purchase bullion with those funds.
If i just started silver stacking, at what amount would you consider IRA investment worthy?
With the promotions we are currently offering, you can start at any time with any dollar amount. It’s never too early to start saving. Please visit our IRA page to learn about the offers from our preferred providers.
This is excellent information. Thank you. I have a question:
What about storage fees?
Glad you found it helpful, Katina! Custodians/depositories do charge a small storage fee. That fee differs between companies. The best way to get that information is simply to call the companies you’re interested in doing business with and asking about their fees.