Q. Can a person have more than one IRA?

A. There is no problem with having more than one IRA. However, the maximum deferred annual contribution, which is currently $4,000 for an individual, is not applied to each IRA; it is the maximum total for the year.

Q. Can I transfer money from an existing IRA account to fund my precious metals IRA, without incurring any tax penalties?

A. If you have an existing IRA or 401K the easiest way to set up a new precious metal IRA is by Direct Roll - Over. You transfer the amount you want to spend into a new IRA and there are no tax penalties. Our IRA providers know exactly how to do this and they will facilitate the process.

Q. What types of IRA'S are eligible to rollover?

A. There are several different types of IRA's beside the standard IRA. Roth IRA - SEP IRA whatever. Any of these can have a direct roll-over.

Q. Can I transfer funds out of MY 401K PLAN?

A. If your 401K is with a company you are currently employed you will not be able to transfer money. If your 401K is from a past employer you can transfer that money. Our IRS providers know how to facilitate this type of transfer.

Q. Can I open a new IRA with cash?

A. You can open a new IRA with cash. The tax benefits will only be on the first $4,000. The advantage of putting in more than $4,000 is that any gains are deferred until you actually make a withdrawal. The negative is that there are penalties for withdrawals before age 59 ½. We would suggest you discuss this issue with the IRA provider we select with you.

Q. Does PMG Precious Metals have a minimum dollar amount for an IRA purchase?

A. Yes the minimum amount for an IRA purchase from PMG Precious Metals is $4000. It is simply not financially beneficial for the customer on a dollar amount less than $4000 once you factor in yearly custodial fees.

Q. Is their a minimum dollar amount when I wish to sell my IRA Held metals back to PMG Precious Metals?

A. Yes we require that you sell $4,000 or more.

To Establish Your Precious Metals IRA Account Today, We Recommend: that you contact PMG for a confidential, personal consultation on buying precious metals and coins at dealer prices IN YOUR IRA, call PMG Precious Metals today...1-800-618-4450.

Back to IRA's



For a confidential, personal consultation on buying or selling precious metals and rare
coin at dealer prices, call PMG Precious Metals today...1-800-618-4450.