Set up an IRA Precious Metal Account
Transfer Or Rollover From An Existing IRA
Putting your money into a precious metals IRA doesn’t have to be as daunting as it sounds. Depending upon your specific circumstances, you may:
Transfer An Existing IRA
This is something you can do at any time with your existing IRA, as long as the assets go from “custodian to custodian.” This means that the asset is transferred directly from one IRA custodian to another.
After completing the direct transfer, you simply begin receiving statements from your new IRA custodian. The distribution check from your old IRA must be made out in the name of the trustee or custodian of the IRA account that receives the rolled-over funds. Transfers may be made as often as you want. You can be assured that APMEX will explain the entire transfer process to you simply and easily.
Rollover An Existing IRA
A rollover occurs when you get the money from an existing IRA and then deposit it into another IRA. In this case, you would need to deposit the funds into a new IRA within 60 days. If the 60-day time period is exceeded, you may be liable for taxes and penalties.
You may roll over the same money once every 12 months and it will preserve the tax-deferred status of your retirement savings.
Establish A New IRA
At APMEX, we have made it easier than ever to open a Precious Metal IRA account through our established working relations with several trusted IRA custodians. Each of these companies offers the high quality, reliable service we value for our customers.
http://www.apmex.com/ExistingIRA/Default.aspx
