A Gold IRA is a self-directed individual retirement account that permits ownership of physical precious metals. With a Gold IRA, not only can you hold stocks and bonds, but you can also hold physical precious metals in the form of coins and bars. It is up to you to decide which types of precious metals you want to be held in your account either coins or bars or both.
A precious metal IRA works the same way as a conventional IRA or 401(k) with all of the same rules especially as they pertain to contributions and tax treatment. The main difference is that unlike a conventional IRA or 401(k) with a bank or brokerage firm that specializes in bank deposits, stocks, mutual funds, annuities, and other approved assets, you hold physical precious metal coins, bullion, and bars such as gold, silver, platinum, and palladium in an IRA that are held by an IRS approved custodian, for the benefit of the Gold IRA account owner.

A Precious Metals IRA is a self-directed Individual Retirement Account that permits for the ownership of physical precious metals. All IRAs can give you tax advantages, but several types of IRAs offer different levels of protection and assets. With a Paradigm Precious Metals IRA, you’re not limited to only holding paper assets like stocks and bonds, but you are able to hold physical precious metals in the forms of a coins or a bullion bar. You are always in control over the precious metals you want to be held in your account, but they are held at an IRS approved depository.

To hold precious metal coins, bullion, and bars such as gold, silver, platinum, and palladium in an IRA, you need to open and set up a self-directed. You then fund the Gold IRA account with cash or you can transfer some or all of an existing 401k account into your new IRA account. You then select a precious metal broker or dealer, as well as an IRS approved depository (custodian). By working with Paradigm Gold Group, the entire process of setting up a Gold IRA is handled for you by one of our IRA specialists.

A Precious Metals IRA is ruled by the same tax rules as other IRAs. Your contributions into a self-directed IRA that holds gold and other precious metals can be deducted from your federal income taxes. The precious metals that you buy and hold in your Gold IRA cannot be withdrawn from the account until you reach the age of 59 1/2 years old without tax effects and a 10 percent penalty for the early withdrawal. Investors with a Gold IRA as part of their retirement portfolio must begin making mandatory minimum withdrawals at age 70 1/2 and pay taxes on those withdrawals.

If your Gold IRA is a Roth account, you will be able to make tax-free withdrawals because you were already taxed on the contributions. You also would not be compelled to start pulling money out at age 70 1/2.

The following accounts listed below can be rolled- over into a Precious Metals IRA:

  • Traditional IRA
  • Roth IRA
  • Simple IRA
  • TSP (Thrift Savings Plan)*
  • 401(K)*
  • 403(B)*
  • 457 (B)*
  • Pension plan*
  • Tax-sheltered annuity

*To qualify, must be from a former employer or for an individual older than 59 ½.

Gold, Silver, Palladium, and Platinum are allowable in your IRA Account in the form of bullion coins and bars.

After you have decided to open a Precious Metals IRA, the physical metals must be stored with an IRS approved third-party depository. We work with a number of IRS approved Depositories’, such as Brink’s Global Services USA, Inc.(Los Angeles or Salt Lake City) and Delaware Depository (Wilmington, DE).

Should you decide to take a distribution from your Gold IRA, you will have the choice to receive your metals themselves, as opposed to liquidating the coins or bars for cash. For example, if you have invested gold American Eagles inside of your Gold IRA you can request to receive gold American Eagles as your distribution. That would be considered an in-kind distribution and the IRS tax rules will act as if you had taken cash as the distribution.

Finding and working with an approved Gold IRA custodian that will hold the precious metals for the benefit of the self-directed IRA account holder is an important step in the process of ensuring that those IRS guidelines are adhered to. We work with Provident Trust Company as our recommended IRA custodian. Provident Trust Company serves over 100,000 clients and have over $12 billion in assets under custody.

Every investment has risks, gold is viewed as a long-term investment. Market conditions should be taken into consideration as current conditions can influence the length of time gold should be kept.

The best part of a precious metals IRA account is that when you take distributions, you can either take physical possession of your metals or liquidate them for cash based on current market value.

At any time, you can sell back TO Paradigm any of the metals that you bought from us, and we will pay you the market value of the metals! We would pay you, at the minimum, the spot price at the time of liquidation–and for many coins, we would pay you well above that level, depending on the prevailing wholesale market.


Call our IRA department and one of our IRA experts
will assist you in filling out the proper paperwork

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