Why Choose IRA Financial
IRA Financial Group’s tax and ERISA specialists have helped more than 12,000 clients self-direct their IRA and invest $4 billion in alternative assets, such as real-estate.
Founder of IRA Financial Group and former tax and ERISA attorney, Adam Bergman, has published seven books to help investors self-direct their individual retirement account.
Find IRA Financial Group on Forbes! Adam Bergman is a frequent contributor to Forbes.com and an official member of the Forbes Financial Council.
Experience You Need
IRA Financial Group has over a decade of experience helping investors self-direct their retirement accounts.
Dedicated Service You Want
Our team will work one-on-one with you to establish a Self-Directed IRA, Solo 401(k) or ROBS solution that fits your goals.
Start Investing in a Gold IRA in 3 Easy Steps
Contact Our Experts
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Free consultation with one of our representatives.
Transfer or Roll Over
Our 401(k) IRA Rollover department will guide you step by step through the tax-free transfer process
Own Precious Metals
Once your Self-Directed Gold IRA account is funded, you can buy and store your precious metals.
Understanding the Risks
How do I hold IRS Approved Precious Metals or Coins in a Self-Directed IRA LLC?
Internal Revenue Code Section 408(m) identifies the types of coins and precious metals that may be purchased using a Self-Directed IRA. IRA Financial is one of the few firm’s that can help you navigate the IRS rules surrounding the purchase and holding of IRS approved coins and bullion. Satisfying the IRS gold possession rules is crucial in order to keep your self-directed IRA in full IRS compliance.
How do I hold IRS Approved Bullion in a Self-Directed IRA LLC?
You can safely hold IRS approved bullion with an approved depository. It’s less safe to hold precious metals in a safe deposit box at a U.S. bank in the name of the Self-Directed IRA LLC because there is no IRS guidance on the issue. Additionally, you should never hold gold in an IRA personally.
IRS Approved Precious Metals and Coins
Internal Revenue Code Section (IRC) lists the type of precious metals and coins that are permitted investments using IRA funds:
Any coin which is:
- Gold coins
- Silver coins
- Platinum coins
- A coin issued under the laws of any State
“What about your IRA, including rollover IRA? You need to look at state law, advises tax attorney Adam Bergman of New York’s IRA Financial Group. ‘If you have a judgment against you and you don’t file for bankruptcy, most states will still protect your IRA from the judgment,’ says Mr. Bergman.”
“Adam Bergman…gets several calls a day from clients like McDermott looking to invest their retirement funds in real estate. ‘Our average client has retirement accounts of about $150,000 and is looking to buy one or two properties,” he said. “After 2008, they didn’t trust Wall Street. They wanted hard assets.'”
“Jeff Brown…transferred roughly $50,000 from his workplace 401(k) account to purchase homes to fix up and sell, partnering with a few other investors. He uses a self-directed IRA that he set up through IRA Financial Group in Miami Beach, Fla.”