Our innovative Private Storage Gold IRA allows you to hold physical precious metals such as bullion coins and bars of gold, silver, platinum and palladium and store them in a bank nearby your home. View our Product Catalog to see the many options we offer.
The Hartford Gold Group will walk you through the entire easy process to open the IRA, which can be funded with cash or a rollover of an existing retirement account. There is a long list of products that are IRS-eligible to include, including popular products such as American Gold and Silver Eagles. These precious metals can be stored in The Hartford Gold Group's secure depository or even locally in your community in a bank.
Our Private Storage Gold IRA falls under the same exact tax rules as other IRAs. Any contributions to your IRA can be deducted from your federal income taxes -- tax is only due upon withdrawal. As with other IRAs, the gold and silver you buy and hold cannot be withdrawn from the account until you reach the age of 59 1/2 years old, or you will have to pay taxes on your withdrawal as well as a 10 percent penalty for the early withdrawal. You must also begin making mandatory minimum withdrawals at age 70 1/2 (and pay taxes on those withdrawals) as with any other IRA.
If your Gold IRA is set up as a Roth account, you can make tax-free withdrawals anytime because you were already taxed on the contributions. You also will not have to start withdrawing money out at age 70 ½.