After opening a self-directed Gold IRA account, the next step would be to transfer funds from your current IRA custodian to your new Gold IRA custodian. The transfer process is tax-free if you choose for any direct trustee-to-trustee transfer.To avoid possible tax penalties, these processes should be carried out directly in between custodians As we
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Investors have two options when it comes to funding a gold IRA: a rollover or a transfer. Simply put, a transfer is really a more secure and risk-managed strategy for moving assets among retirement savings accounts.Be aware: It is very advisable that do your research and get in touch with a few different companies before building an investment dete
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The real key difference in between rollovers and transfers is that, within the case of IRA transfers, the dispersed money hardly ever touches the IRA holder’s bank account. For more information about how the IRS regulates rollovers, and what the consequences of violating them are, take a look at this handy IRS-authored guide to general IRA rollov
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