Aurum Gold Reserve FAQ
What is a Gold IRA?
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A Gold IRA is a self-directed retirement account that allows you to invest in physical gold bars or coins rather than just digital assets. It offers the same tax advantages as a traditional IRA while providing the security of a tangible asset.
How do I roll over my 401(k) to gold?
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The process involves opening a self-directed IRA and requesting a direct rollover from your current 401(k) custodian. Aurum Gold Reserve handles the paperwork to ensure the transfer is tax-free and penalty-free.
Is my gold stored safely?
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Yes. IRS regulations require that IRA gold be stored in an insured, third-party depository. These facilities use military-grade security and offer both segregated and non-segregated storage options.
Why diversify a 401(k) with precious metals?
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Diversification protects your retirement from "systemic risk." When the stock market or the dollar drops in value, gold historically maintains its value or even increases, balancing your overall portfolio.
What are the purity requirements?
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To be eligible for an IRA, gold must have a minimum fineness of .995. Aurum Gold Reserve ensures all metals provided meet or exceed these IRS standards.
Can I take physical possession of the gold?
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You can take physical possession of your gold once you reach the age of 59½. If you take possession before that, it is considered a distribution and may be subject to taxes and penalties.
How long does the setup process take?
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Most Gold IRA setups and rollovers are completed within 10 to 15 business days, depending on how quickly your current 401(k) custodian releases the funds.
Are there tax penalties for moving my 401(k)?
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No. As long as the transfer is a "direct rollover" from one custodian to another, it is not considered a distribution and is not taxed.
What is the minimum investment?
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While it varies, we typically recommend a minimum rollover of $25,000 to maximize the benefits of the account relative to the annual storage and maintenance fees.
What happens if I want to sell my gold?
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Aurum Gold Reserve offers a buy-back program. If you decide to liquidate your holdings, we can help you sell the gold back at current market prices for a quick and easy distribution.