WEBVTT 00:00:00.000 --> 00:00:02.319 OK, so today we're diving into something a lot 00:00:02.319 --> 00:00:04.259 of you have been asking about, and it's this 00:00:04.259 --> 00:00:08.179 whole idea of gold IRAs and specifically gold 00:00:08.179 --> 00:00:11.179 IRA rollovers. It's a topic that can seem, you 00:00:11.179 --> 00:00:13.140 know, a little bit complex at first glance, but 00:00:13.140 --> 00:00:15.099 we're going to break it down and help you figure 00:00:15.099 --> 00:00:16.859 out if it's right for your retirement planning. 00:00:16.899 --> 00:00:19.320 Yeah, for sure. When we're talking about a gold 00:00:19.320 --> 00:00:21.440 IRA rollover, what we're really talking about 00:00:21.440 --> 00:00:24.160 is taking money that you've already got saved 00:00:24.160 --> 00:00:25.820 up in your retirement accounts, you know, like 00:00:25.820 --> 00:00:29.199 a 401k or a traditional IRA and moving it into 00:00:29.199 --> 00:00:32.179 a special type of IRA that lets you hold physical 00:00:32.179 --> 00:00:35.399 gold as an investment. So it's like within the 00:00:35.399 --> 00:00:37.399 structure of your retirement account but with 00:00:37.399 --> 00:00:40.219 actual tangible gold. Exactly and the idea is 00:00:40.219 --> 00:00:43.500 to do this without losing any of those tax advantages 00:00:43.500 --> 00:00:45.500 that come with traditional retirement accounts. 00:00:45.740 --> 00:00:48.460 So our goal today is to kind of pull out the 00:00:48.460 --> 00:00:50.600 most important stuff from all the research we've 00:00:50.600 --> 00:00:52.759 done and explain it in a way that makes sense. 00:00:53.280 --> 00:00:55.079 We're looking at an article that walks us through 00:00:55.079 --> 00:00:57.420 the whole process, the pros and cons, and the 00:00:57.420 --> 00:00:59.219 key things you need to think about. So let's 00:00:59.219 --> 00:01:01.500 start with why you might even consider this. 00:01:01.600 --> 00:01:04.140 All right. So the first big reason that people 00:01:04.140 --> 00:01:07.799 think about gold IRAs is that gold has historically 00:01:07.799 --> 00:01:09.939 been seen as a way to protect yourself against 00:01:09.939 --> 00:01:12.459 inflation. Oh, so like when the value of the 00:01:12.459 --> 00:01:15.359 dollar goes down, gold tends to hold its value 00:01:15.359 --> 00:01:17.719 better. Exactly. It can help you maintain your 00:01:17.719 --> 00:01:20.299 purchasing power over time, even when things 00:01:20.299 --> 00:01:22.620 are a little bit shaky in the economy. So it's 00:01:22.620 --> 00:01:24.760 a hedge against inflation, almost like an insurance 00:01:24.760 --> 00:01:27.739 policy for your savings. Right. And then another 00:01:27.739 --> 00:01:30.620 key thing is diversification. You've probably 00:01:30.620 --> 00:01:32.680 heard the saying, don't put all your eggs in 00:01:32.680 --> 00:01:36.180 one basket. Well, with a gold IRA, you're spreading 00:01:36.180 --> 00:01:38.500 your investments across different types of assets. 00:01:39.299 --> 00:01:41.260 Instead of just having stocks and bonds, which 00:01:41.260 --> 00:01:43.659 are paper assets, you're adding physical gold, 00:01:44.140 --> 00:01:45.879 which can sometimes behave differently in the 00:01:45.879 --> 00:01:48.140 markets. So it's a way to potentially reduce 00:01:48.140 --> 00:01:51.359 risk by having like a backup in case one type 00:01:51.359 --> 00:01:54.079 of investment isn't doing so well. Exactly. Gold 00:01:54.079 --> 00:01:56.519 has been considered valuable for centuries, so 00:01:56.519 --> 00:01:58.879 it can be a good addition to a well -rounded 00:01:58.879 --> 00:02:01.280 portfolio. Right. It has that staying power. 00:02:01.680 --> 00:02:03.040 Now, when we talk about IRAs, we've got to talk 00:02:03.040 --> 00:02:06.060 about taxes. Does a gold IRA have the same tax 00:02:06.060 --> 00:02:08.860 advantages as a traditional IRA? Yeah, it does. 00:02:09.360 --> 00:02:12.060 Contributions to a gold IRA can be tax -deferred, 00:02:12.180 --> 00:02:14.800 just like with a traditional IRA. So you don't 00:02:14.800 --> 00:02:18.319 have to pay taxes on any gains until you withdraw 00:02:18.319 --> 00:02:20.819 the money in retirement. And then there's also 00:02:20.819 --> 00:02:24.199 something called a Roth gold IRA. which, similar 00:02:24.199 --> 00:02:27.120 to a Roth IRA, could potentially let you withdraw 00:02:27.120 --> 00:02:30.030 money tax -free in retirement. So you're potentially 00:02:30.030 --> 00:02:32.210 shielding some of your savings from taxes while 00:02:32.210 --> 00:02:34.469 you're working, and then maybe even getting tax 00:02:34.469 --> 00:02:36.169 -free withdrawals when you're retired. It seems 00:02:36.169 --> 00:02:39.069 like a pretty good deal tax -wise. Yeah. The 00:02:39.069 --> 00:02:40.590 other thing the article talks about is the idea 00:02:40.590 --> 00:02:42.870 of gold being a safe haven asset, particularly 00:02:42.870 --> 00:02:45.469 during times of economic uncertainty. You know, 00:02:45.469 --> 00:02:47.569 when the stock market gets jittery or there are 00:02:47.569 --> 00:02:49.810 big geopolitical events happening. So when things 00:02:49.810 --> 00:02:52.090 get kind of crazy in the world, people turn to 00:02:52.090 --> 00:02:54.699 gold because they see it as more stable. Yeah, 00:02:54.699 --> 00:02:57.219 that's the thinking. The idea is that gold tends 00:02:57.219 --> 00:03:00.699 to hold its value better than stocks and bonds 00:03:00.699 --> 00:03:03.360 when things are unpredictable. And that can offer 00:03:03.360 --> 00:03:05.659 some protection for your retirement savings if 00:03:05.659 --> 00:03:08.259 the markets take a tumble. So you have that peace 00:03:08.259 --> 00:03:10.500 of mind knowing that at least part of your retirement 00:03:10.500 --> 00:03:14.300 isn't something that's a bit more solid. Right. 00:03:14.379 --> 00:03:16.199 Exactly. All right. So these are some pretty 00:03:16.199 --> 00:03:18.439 compelling reasons why someone might consider 00:03:18.439 --> 00:03:21.180 a gold IRA. But how do you actually go about 00:03:21.180 --> 00:03:23.560 setting one up? What's that process look like? 00:03:23.719 --> 00:03:25.919 The first thing you've got to do is gather all 00:03:25.919 --> 00:03:28.659 your information about your existing retirement 00:03:28.659 --> 00:03:31.439 accounts. Things like your account numbers, balances, 00:03:32.099 --> 00:03:33.939 what kind of assets you're holding. It's good 00:03:33.939 --> 00:03:36.000 to have a clear picture of where you're starting 00:03:36.000 --> 00:03:38.599 from. So like taking inventory of your current 00:03:38.599 --> 00:03:41.780 retirement savings. Exactly. And then the next 00:03:41.780 --> 00:03:45.039 big step is choosing a gold IRA company and a 00:03:45.039 --> 00:03:47.659 custodian. Now these are sometimes two different 00:03:47.659 --> 00:03:50.439 entities, but the gold IRA company will usually 00:03:50.439 --> 00:03:53.020 help you with both. They basically walk you through 00:03:53.020 --> 00:03:55.020 the whole thing, help you pick out the gold you 00:03:55.020 --> 00:03:57.400 want to invest in, and they work with the custodian, 00:03:57.460 --> 00:03:58.879 who's the one who actually holds your physical 00:03:58.879 --> 00:04:00.919 gold. Okay, so the gold IRA company is kind of 00:04:00.919 --> 00:04:02.699 like your guide, and the custodian is like the 00:04:02.699 --> 00:04:05.180 vault keeper, making sure everything's safe and 00:04:05.180 --> 00:04:07.780 sound. Exactly. And, you know, it's really important 00:04:07.780 --> 00:04:10.340 to pick a reputable gold IRA company. The article 00:04:10.340 --> 00:04:13.520 highlights three top -rated companies for 2025. 00:04:14.400 --> 00:04:17.620 Augusta, Precious Metals, GoldCo, and American 00:04:17.620 --> 00:04:20.100 Hartford Gold. They each have different strengths. 00:04:20.439 --> 00:04:23.199 For example, Augusta has this perfect record 00:04:23.199 --> 00:04:25.480 with the Better Business Bureau and the Business 00:04:25.480 --> 00:04:27.939 Consumer Alliance, which suggests they really 00:04:27.939 --> 00:04:30.379 prioritize customer satisfaction and doing things 00:04:30.379 --> 00:04:32.860 by the book. That might be especially reassuring 00:04:32.860 --> 00:04:34.579 if you're new to this. Yeah, definitely. And 00:04:34.579 --> 00:04:36.920 what about the other two companies? Well, GoldCo 00:04:36.920 --> 00:04:38.980 is known for having a really high percentage 00:04:38.980 --> 00:04:41.839 of happy customers, so that speaks to their track 00:04:41.839 --> 00:04:44.839 record. And then American Heart for Gold, they're 00:04:44.839 --> 00:04:47.040 highlighted as being particularly good for people 00:04:47.040 --> 00:04:49.420 who are just getting started with gold IRAs. 00:04:49.579 --> 00:04:52.209 So there's variety of options each with its own 00:04:52.209 --> 00:04:54.649 kind of specialty exactly and the article mentions 00:04:54.649 --> 00:04:58.209 that there's one company the author Seems to 00:04:58.209 --> 00:05:00.490 really think is the leader in the industry, but 00:05:00.490 --> 00:05:02.389 they don't actually name them in the general 00:05:02.389 --> 00:05:04.189 overview So it's kind of like a hidden gem you 00:05:04.189 --> 00:05:06.750 might discover if you dig a little deeper into 00:05:06.750 --> 00:05:10.029 the reviews But the overall point is it's crucial 00:05:10.029 --> 00:05:11.949 to do your research and choose a company that 00:05:11.949 --> 00:05:14.269 you feel confident and comfortable with Absolutely. 00:05:14.269 --> 00:05:16.310 Don't just jump into something without doing 00:05:16.310 --> 00:05:18.790 your due diligence All right, so you've got your 00:05:18.790 --> 00:05:21.029 company. You've got your custodian. What's next? 00:05:21.170 --> 00:05:22.430 Well, now you've got to pick out the gold you 00:05:22.430 --> 00:05:25.069 want to invest in. And here's the thing. The 00:05:25.069 --> 00:05:28.910 IRS has very specific rules about what kind of 00:05:28.910 --> 00:05:31.410 gold you can hold in a gold IRA. Oh, so it's 00:05:31.410 --> 00:05:34.009 not just any gold? Nope. It has to be in the 00:05:34.009 --> 00:05:35.970 form of what's called bullion, which is basically 00:05:35.970 --> 00:05:39.009 gold bars or coins. And it has to have a minimum 00:05:39.009 --> 00:05:42.910 purity level of 99 .5%. So it's really high quality 00:05:42.910 --> 00:05:45.100 stuff. Interesting. So I guess that old gold 00:05:45.100 --> 00:05:46.959 necklace I have lying around wouldn't count. 00:05:47.360 --> 00:05:50.860 Probably not. Some popular choices for gold IRAs 00:05:50.860 --> 00:05:54.360 are American gold eagles, Canadian gold maple 00:05:54.360 --> 00:05:57.180 leafs, or gold bars that are produced by approved 00:05:57.180 --> 00:05:59.500 refiners. You really want to make sure whatever 00:05:59.500 --> 00:06:02.259 gold you choose is IRS approved, because if it's 00:06:02.259 --> 00:06:04.779 not... You could end up with some hefty tax penalties. 00:06:05.000 --> 00:06:06.639 Makes sense. It's important to stay on the right 00:06:06.639 --> 00:06:09.379 side of the IRS. Definitely. Your gold IRA company 00:06:09.379 --> 00:06:11.180 should be able to give you a list of all the 00:06:11.180 --> 00:06:13.060 IRS approved options and help you make the right 00:06:13.060 --> 00:06:15.100 choice. So let's say you've picked out your gold. 00:06:15.199 --> 00:06:17.459 What happens next? Then it's time to initiate 00:06:17.459 --> 00:06:20.920 the actual rollover process. You'll need to contact 00:06:20.920 --> 00:06:23.639 your current retirement account provider and 00:06:23.639 --> 00:06:25.459 let them know that you want to do a rollover 00:06:25.459 --> 00:06:28.329 into your new gold IRA. And again, this is where 00:06:28.329 --> 00:06:30.810 your gold IRA company comes in handy because 00:06:30.810 --> 00:06:33.550 they'll help you with all the paperwork You probably 00:06:33.550 --> 00:06:35.649 need to fill out a transfer request form and 00:06:35.649 --> 00:06:37.509 then the money will be moved directly from your 00:06:37.509 --> 00:06:40.290 old account to your new gold IRA So you don't 00:06:40.290 --> 00:06:42.370 usually get the money sent directly to you. It 00:06:42.370 --> 00:06:44.649 goes straight to the custodian to buy the gold, 00:06:44.730 --> 00:06:48.009 right? It's important to note that each 401k 00:06:48.009 --> 00:06:50.209 plan can have slightly different rules for handling 00:06:50.209 --> 00:06:53.089 rollovers But a good gold IRA company will be 00:06:53.089 --> 00:06:54.829 familiar with all that and help you navigate 00:06:54.829 --> 00:06:58.759 it So once the gold is in your IRA, is that it? 00:06:58.779 --> 00:07:01.199 Do you just kind of sit back and watch the gold 00:07:01.199 --> 00:07:03.579 prices? It's not a set it and forget it kind 00:07:03.579 --> 00:07:05.300 of thing. It's important to keep an eye on your 00:07:05.300 --> 00:07:08.000 gold assets and see how they're performing. You 00:07:08.000 --> 00:07:10.620 know, stay informed about market trends and stuff 00:07:10.620 --> 00:07:12.579 like that. It's your retirement after all. Yeah, 00:07:12.579 --> 00:07:15.259 it's not like burying gold in your backyard and 00:07:15.259 --> 00:07:18.959 hoping for the best. Exactly. The article also 00:07:18.959 --> 00:07:21.300 suggests that it might be a good idea to diversify 00:07:21.300 --> 00:07:23.839 within your gold IRA by adding other precious 00:07:23.839 --> 00:07:26.889 metals. things like silver, platinum, or palladium. 00:07:27.889 --> 00:07:30.709 They also have to meet specific IRS purity requirements, 00:07:31.250 --> 00:07:33.750 but having a mix of precious metals can potentially 00:07:33.750 --> 00:07:36.439 make your portfolio even more stable. So it's 00:07:36.439 --> 00:07:38.519 all about spreading the risk around, even within 00:07:38.519 --> 00:07:40.920 the precious metals part of your portfolio. Right. 00:07:41.060 --> 00:07:42.459 And then, of course, it's always a good idea 00:07:42.459 --> 00:07:45.579 to review your overall investment strategy periodically. 00:07:46.000 --> 00:07:47.819 Make sure it's still lining up with your long 00:07:47.819 --> 00:07:50.680 -term financial goals. Makes sense. Now, when 00:07:50.680 --> 00:07:54.240 we compare a gold IRA to a traditional IRA, what 00:07:54.240 --> 00:07:56.959 are the big differences? Well, one major difference 00:07:56.959 --> 00:07:59.500 is the type of assets you're holding. Like we 00:07:59.500 --> 00:08:01.360 talked about before, traditional IRAs mostly 00:08:01.360 --> 00:08:04.040 hold stocks, bonds, and mutual funds, which can 00:08:04.040 --> 00:08:06.639 be pretty volatile, right? A gold IRA, on the 00:08:06.639 --> 00:08:09.000 other hand, holds physical gold, which can provide 00:08:09.000 --> 00:08:11.600 more stability, especially during times of economic 00:08:11.600 --> 00:08:14.120 uncertainty. Right. So the gold IRA has that 00:08:14.120 --> 00:08:16.480 tangible asset that people see as a safe haven. 00:08:16.819 --> 00:08:19.740 But what about risk? Are gold IRAs risk -free? 00:08:20.079 --> 00:08:23.290 Not exactly. While gold is often seen as a safe 00:08:23.290 --> 00:08:26.069 haven, its price can fluctuate too, depending 00:08:26.069 --> 00:08:28.949 on various economic and political factors. It's 00:08:28.949 --> 00:08:31.470 not like it's immune to market forces. So it 00:08:31.470 --> 00:08:33.490 can be a good way to balance out the volatility 00:08:33.490 --> 00:08:35.629 of stocks, but it's still important to have a 00:08:35.629 --> 00:08:37.289 diversified approach. So there's always going 00:08:37.289 --> 00:08:39.210 to be some level of risk, no matter what you 00:08:39.210 --> 00:08:41.690 invest in. Exactly. You have to find what feels 00:08:41.690 --> 00:08:44.580 right for you and your risk tolerance. And speaking 00:08:44.580 --> 00:08:47.139 of things to consider, what about costs? The 00:08:47.139 --> 00:08:49.720 article mentions that gold IRAs tend to have 00:08:49.720 --> 00:08:52.759 higher fees than traditional IRAs. Why is that? 00:08:53.120 --> 00:08:55.100 Well, think about it. Gold IRAs involve holding 00:08:55.100 --> 00:08:57.539 physical gold, right? So you need a secure place 00:08:57.539 --> 00:09:00.820 to store it and that storage costs money. Plus, 00:09:01.200 --> 00:09:03.519 you need to ensure that gold which adds to the 00:09:03.519 --> 00:09:06.759 fees, these storage facilities have to meet certain 00:09:06.759 --> 00:09:09.100 IRS requirements. So it's not just any old safe 00:09:09.100 --> 00:09:11.340 deposit box. And then there might be transaction 00:09:11.340 --> 00:09:13.600 fees when you buy or sell the gold within your 00:09:13.600 --> 00:09:16.379 IRA. But a lot of investors feel like those extra 00:09:16.379 --> 00:09:18.600 costs are worth it for the peace of mind and 00:09:18.600 --> 00:09:20.480 the potential benefits of having gold in their 00:09:20.480 --> 00:09:22.659 portfolio. Right. So you're paying for that extra 00:09:22.659 --> 00:09:25.080 security in the tangible nature of the asset. 00:09:25.240 --> 00:09:27.279 Yeah, exactly. OK, so let's look into some of 00:09:27.279 --> 00:09:30.480 the nitty gritty details. Who can actually do 00:09:30.480 --> 00:09:33.740 a gold IRA rollover? Is it limited to certain 00:09:33.740 --> 00:09:36.600 types of retirement accounts? The good news is 00:09:36.600 --> 00:09:40.320 most retirement accounts are eligible. So 401k, 00:09:40.759 --> 00:09:44.320 traditional IRAs, Roth IRAs, SAP IRAs, those 00:09:44.320 --> 00:09:47.179 can all be rolled over into a gold IRA. However, 00:09:47.639 --> 00:09:49.720 it's always a good idea to double check with 00:09:49.720 --> 00:09:52.419 your current provider and the IRS to make sure 00:09:52.419 --> 00:09:54.679 there aren't any specific rules that apply to 00:09:54.679 --> 00:09:57.440 your situation. And a good gold IRA company should 00:09:57.440 --> 00:09:59.379 be able to help you with that, right? Absolutely. 00:09:59.620 --> 00:10:01.460 They should be experts on the rules and regulations. 00:10:02.340 --> 00:10:04.559 And of course, there's the 60 -day rule. If you 00:10:04.559 --> 00:10:06.919 ever take possession of the money during a rollover, 00:10:07.100 --> 00:10:09.080 you only have 60 days to put it into the new 00:10:09.080 --> 00:10:11.460 gold IRA. Otherwise, you could have base penalties. 00:10:11.679 --> 00:10:13.440 Right. That's really important to remember. So 00:10:13.440 --> 00:10:16.080 make sure everything is lined up before you initiate 00:10:16.080 --> 00:10:19.259 that rollover. Absolutely. Now, earlier we talked 00:10:19.259 --> 00:10:22.120 about the purity requirements for gold. Are there 00:10:22.120 --> 00:10:24.659 other rules about the specific types of gold 00:10:24.659 --> 00:10:27.039 you can hold? Yeah, as we said before, it has 00:10:27.039 --> 00:10:30.240 to be IRS -approved gold bullion or coins, and 00:10:30.240 --> 00:10:32.940 it needs to meet that minimum purity level of 00:10:32.940 --> 00:10:36.279 99 .5%. They're really strict about that. So 00:10:36.279 --> 00:10:38.740 no random gold nuggets you found while panning 00:10:38.740 --> 00:10:42.000 for gold? No, I don't think so. And just to recap, 00:10:42.240 --> 00:10:44.419 the tax advantages are similar to traditional 00:10:44.419 --> 00:10:47.799 IRAs, right? Tax -deferred growth with the potential 00:10:47.799 --> 00:10:50.360 for tax -free withdrawals if you go with the 00:10:50.360 --> 00:10:53.330 Roth option. Now, let's talk about avoiding those 00:10:53.330 --> 00:10:55.490 tax penalties. What are the big things people 00:10:55.490 --> 00:10:57.669 need to watch out for when they're doing a gold 00:10:57.669 --> 00:11:00.509 IRA rollover? Well, first of all, make sure you 00:11:00.509 --> 00:11:02.850 complete the rollover within that 60 -day window 00:11:02.850 --> 00:11:05.429 we talked about. Absolutely crucial. And second, 00:11:05.549 --> 00:11:07.450 make sure the gold you're investing in is actually 00:11:07.450 --> 00:11:10.529 IRS approved. Third, work with a reputable gold 00:11:10.529 --> 00:11:13.029 IRA company and a qualified custodian who really 00:11:13.029 --> 00:11:15.669 knows the IRS rules inside and out. They'll help 00:11:15.669 --> 00:11:18.370 you stay compliant. And finally, keep detailed 00:11:18.370 --> 00:11:21.110 records of the whole process, every transaction, 00:11:21.490 --> 00:11:23.129 everything. Great tips. It's all about being 00:11:23.129 --> 00:11:25.029 organized and informed. Exactly. You don't want 00:11:25.029 --> 00:11:27.590 any surprises from the IRS. Now, the article 00:11:27.590 --> 00:11:30.029 also addresses some frequently asked questions, 00:11:30.309 --> 00:11:32.450 which I think are really helpful for anyone who's 00:11:32.450 --> 00:11:33.990 thinking about doing this. Let's talk about a 00:11:33.990 --> 00:11:36.889 couple of those. One thing that comes up is the 00:11:36.889 --> 00:11:39.330 difference between a gold IRA transfer and a 00:11:39.330 --> 00:11:42.750 rollover. What's the distinction there? So, a 00:11:42.750 --> 00:11:44.889 transfer is when the funds are moved directly 00:11:44.889 --> 00:11:47.889 from one custodian to another without you, the 00:11:47.889 --> 00:11:50.250 account holder, ever actually touching the money. 00:11:50.809 --> 00:11:53.289 This is usually the safest way to go because 00:11:53.289 --> 00:11:55.950 it minimizes the risk of accidentally triggering 00:11:55.950 --> 00:11:59.710 taxes or missing that 60 -day deadline. A rollover, 00:11:59.710 --> 00:12:01.769 on the other hand, is when you actually receive 00:12:01.769 --> 00:12:03.690 the funds from your old account and then you 00:12:03.690 --> 00:12:05.830 have to deposit them into the new gold IRA within 00:12:05.830 --> 00:12:08.730 60 days. So with the transfer, the money never 00:12:08.730 --> 00:12:11.129 really leaves the safe hands of the custodians. 00:12:11.350 --> 00:12:14.129 Right. Both options get you to the same end goal. 00:12:14.549 --> 00:12:16.490 But a direct transfer is generally considered 00:12:16.490 --> 00:12:19.289 to be smoother and less risky. Got it. So if 00:12:19.289 --> 00:12:20.990 you have the option of doing a direct transfer, 00:12:21.169 --> 00:12:23.169 that's probably the way to go. Another question 00:12:23.169 --> 00:12:25.149 that people have is whether you can hold other 00:12:25.149 --> 00:12:28.269 precious metals in a gold IRA besides just gold. 00:12:28.590 --> 00:12:31.230 Yeah, absolutely. Silver, platinum, and palladium 00:12:31.230 --> 00:12:33.960 are all allowed. But just like with gold, they 00:12:33.960 --> 00:12:37.220 have to meet specific purity standards. Silver 00:12:37.220 --> 00:12:40.919 has to be at least 99 .9 % pure, and platinum 00:12:40.919 --> 00:12:44.220 and palladium need to be at least 99 .95 % pure. 00:12:44.539 --> 00:12:47.179 So there's some flexibility to create a diverse 00:12:47.179 --> 00:12:49.720 portfolio of precious metals within your gold 00:12:49.720 --> 00:12:52.059 IRA. Exactly. It's not just a one -trick pony. 00:12:52.320 --> 00:12:54.019 Now for someone who's just starting to look into 00:12:54.019 --> 00:12:56.899 this, how do they even begin to compare and choose 00:12:56.899 --> 00:12:59.690 a good Gold IRA company. There are a lot of companies 00:12:59.690 --> 00:13:01.850 out there, so how do you know who to trust? Yeah, 00:13:01.950 --> 00:13:03.309 that's a great question. It's super important 00:13:03.309 --> 00:13:05.690 to do your research. The article suggests looking 00:13:05.690 --> 00:13:09.129 at a few key things. First, the company's reputation. 00:13:09.789 --> 00:13:11.570 Check out reviews, see if there are any complaints 00:13:11.570 --> 00:13:13.730 against them. Second, their experience. You want 00:13:13.730 --> 00:13:15.309 a company that's been around for a while that 00:13:15.309 --> 00:13:17.350 has a track record of successfully working with 00:13:17.350 --> 00:13:20.570 both retirement funds and precious metals. Third, 00:13:20.809 --> 00:13:23.409 look at their fees. Are they transparent? Do 00:13:23.409 --> 00:13:26.320 they seem reasonable? And, finally, consider 00:13:26.320 --> 00:13:28.700 their customer service. Are they responsive? 00:13:29.080 --> 00:13:31.100 Do they seem knowledgeable and helpful? Those 00:13:31.100 --> 00:13:32.600 are all really good points. It sounds like you're 00:13:32.600 --> 00:13:35.159 looking for experience, transparency, and good 00:13:35.159 --> 00:13:37.299 communication. Exactly. It's a big decision, 00:13:37.360 --> 00:13:39.200 so you want to make sure you're comfortable with 00:13:39.200 --> 00:13:40.779 the company you're working with. Absolutely. 00:13:41.559 --> 00:13:43.559 Now, last but not least, are there any limits 00:13:43.559 --> 00:13:47.019 on contributions or rollovers with Gold IRAs? 00:13:47.149 --> 00:13:49.730 Yeah, just like with any IRA, there are annual 00:13:49.730 --> 00:13:53.049 contribution limits. For 2025, the limit is $7 00:13:53.049 --> 00:13:56.789 ,000 if you're under 50, and $8 ,000 if you're 00:13:56.789 --> 00:13:59.870 50 or older. And those limits apply to all your 00:13:59.870 --> 00:14:03.470 IRAs combined, not just your gold IRA. As for 00:14:03.470 --> 00:14:05.549 rollovers, there isn't a limit on how many you 00:14:05.549 --> 00:14:08.840 can do in a year, but As we've said before, each 00:14:08.840 --> 00:14:11.740 one needs to be completed within 60 days to avoid 00:14:11.740 --> 00:14:13.779 penalties. OK, so there's definitely some planning 00:14:13.779 --> 00:14:15.299 involved to make sure you're staying within the 00:14:15.299 --> 00:14:17.960 rules. So to sum all this up, a goal diary rollover 00:14:17.960 --> 00:14:20.159 can be a way to potentially protect your retirement 00:14:20.159 --> 00:14:22.799 savings from inflation, diversify your investments 00:14:22.799 --> 00:14:25.539 and add some stability to your portfolio. But 00:14:25.539 --> 00:14:27.320 it's really important to understand the process, 00:14:27.500 --> 00:14:29.519 know the fees involved and make sure you're following 00:14:29.519 --> 00:14:32.299 all the IRS regulations. Yeah, and finding a 00:14:32.299 --> 00:14:34.740 trustworthy gold IRA company and custodian is 00:14:34.740 --> 00:14:37.159 super important. They can make the whole process 00:14:37.159 --> 00:14:39.259 a lot smoother and less stressful. Definitely. 00:14:40.200 --> 00:14:42.259 Well, we've covered a lot of ground today, but 00:14:42.259 --> 00:14:44.139 here's something for you to think about as you 00:14:44.139 --> 00:14:46.559 continue your research. Gold has always been 00:14:46.559 --> 00:14:49.259 seen as a valuable asset, even going back centuries. 00:14:49.659 --> 00:14:51.659 In a world that's becoming increasingly digital, 00:14:51.980 --> 00:14:54.179 how might adding a tangible asset like gold to 00:14:54.179 --> 00:14:56.659 your portfolio affect your long -term financial 00:14:56.659 --> 00:14:59.399 security and give you peace of mind? What other 00:14:59.399 --> 00:15:02.120 questions do you have about gold IRAs? We encourage 00:15:02.120 --> 00:15:04.399 you to keep exploring and see if this strategy 00:15:04.399 --> 00:15:06.679 is the right fit for you. Thanks for joining 00:15:06.679 --> 00:15:07.659 us for this deep dive.