What is the difference between "Rolling Over" and "Transferring" your IRA?
An IRA transfer occurs when you move your assets directly from trustee or custodian to another trustee or custodian. With an IRA transfer, there are no requirements for an investor to report the transfer of his or her assets from one custodian to another. You can have as many IRA transfers as you like each year, which makes transferring to a gold IRA easy. Transfers are tax-free and there are no waiting periods between transfers.
On the other hand, a rollover is when you request the administrator of your plan to make the distribution of your assets directly to the new trustee or custodian. A rollover from a 401k to an IRA enables you to change your investment strategy and enhance your rate of return. Unlike an IRA transfer, rollovers must be reported to the government. Furthermore, it should be noted that only one direct rollover from a 401k account to an IRA account is permitted per year.
IRA's are easy to rollover or transfer to Gold IRA
Whether you're looking for a rollover or IRA transfer, we can help. Global Gold Investment can help you easily transfer or rollover your existing IRA into a gold-backed IRA. This is done when our clients open a gold IRA account with us and give us the authorization to transfer their funds from their current IRA custodian. GGI recommends all of its clients consult their CPA/accountant before rolling over any funds to a gold IRA as there may be fees or penalties that their existing custodians charge for moving funds.
Where does the Gold for the Gold IRA's come from?
The United States Mint has designed, produced and earmarked "Proof Gold" coins specifically for retirement accounts - gold IRA's. When you buy gold coins you know these gold coins are given the official U.S. Mint Certificate of Authenticity and are backed by the government which allows them to be accepted for sales in markets anywhere in the world.
How long does it take for an IRA transfer or roll over?
We at GGG take pride in working meticulously and expeditiously to transfer or rollover the funds from your existing retirement custodian to your new gold IRA. While the time it takes for each client's plan to be transferred or rolled over is different, we roughly estimate it to be between 2 to 4 weeks.
We want to show you why gold IRA's work.We will also gladly provide you with a free portfolio analysis of the performance of your current portfolio and give you an indication of how a gold IRA would yield you a substantially higher return on your retirement investments.