What Is a Gold IRA Rollover?
A Gold IRA rollover moves money from an existing retirement account into a self-directed IRA that holds physical precious metals instead of only stocks, bonds and funds. Your savings keep their tax-advantaged status. What changes is what they’re held in.
A Gold IRA gives you portfolio diversification, a potential hedge against inflation, and the stability of a tangible asset that has held value for centuries. It’s the same kind of account you have today, backed by metal you own rather than paper promises.
Direct Transfer vs. 60-Day Rollover
There are two ways to move retirement money. Most of our clients use a direct transfer because it’s the simplest and avoids the most common tax traps.
| Direct transfer | 60-day (indirect) rollover | |
|---|---|---|
| Who moves the money | Your old custodian sends it straight to your new custodian | A check is paid to you and you redeposit it |
| Deadline | None for you to track | Must be redeposited within 60 days |
| Tax withholding | None | Employer plans withhold 20%, which you must make up to avoid tax |
| How often | No annual limit | One IRA-to-IRA rollover per 12 months |
Miss the 60-day window and the money can be treated as a taxable distribution, plus a 10% penalty if you’re under 59½. That’s why we coordinate the paperwork with both custodians for you.
How Your Rollover Works: 4 Steps
- Open and fund your self-directed IRA.
We give you a list of approved self-directed custodians that allow precious metals in their accounts. We work only with custodians holding an “A” rating from the Better Business Bureau. Your current provider sends the funds straight to the new custodian. - Choose your metals.
Once your funds arrive, we give you whatever you need to decide: current pricing, inventory, and delivery times. When you place your order, we ship the metals to your depository account within 28 days. - Your metals are stored in your name.
Your metals are held at an approved depository. We work with two of the largest and most secure in the country, Brink’s Global Services and Delaware Depository, with coverage of up to $1 billion against property and casualty losses. - We stay with you.
Our relationship doesn’t end at setup. Your specialist is there to answer questions, provide market updates, and help as your needs change.
Which Accounts Can Be Rolled Over?
We help with both Traditional and Roth accounts, including:
- Traditional, Roth, SEP and SIMPLE IRAs
- 401(k) plans from a former employer (see our 401(k) Gold Rollover guide)
- 403(b) and 457(b) plans
- Thrift Savings Plans (TSP) for federal employees and military
Still working? Some employer plans allow “in-service” rollovers. Your specialist can check your plan’s rules with you.
What Can Go in a Gold IRA?
The IRS sets minimum purity standards for metals held in an IRA:
Browse IRA-eligible gold, silver, platinum and palladium coins and bars.
Why Roll Over With Bishop Gold Group?
Ready to talk it through? Call (833) 589-8100 or request your free guide below.
