Individual Retirement Accounts

The United States government allows both proof and bullion American Eagles to be utilized in Individual Retirement Accounts (IRAs). Whether you prefer gold, silver, platinum, or a combination, these official U.S. coins can be added to your retirement savings by opening a new IRA account or transferring funds through an IRA rollover.

Opening an IRA Account
Opening a new IRA account or transferring an existing account with an IRA rollover through Goldline International is a surprisingly simple process. With corporate ties dating to 1960 and annual "Big Four" financial audits, you can be certain to receive the highest possible service.

Once you have decided to open a precious metal IRA or an IRA rollover, Goldline will make a recommendation for a reliable third-party custodian. Once the IRA custodian receives the proper paperwork and funds for an IRA account or an IRA rollover, you will decide which type of American Eagles you would like to add to your IRA. A Goldline Account Executive is available to help you with the entire process.

Your IRA account does not need to consist solely of bullion and / or rare coins. As part of a properly diversified portfolio, you may wish to also acquire other investment vehicles, such as stocks, bonds, mutual funds, and treasury bills to complement your precious metals holdings.

After you have Opened your IRA Account
Your coins will be stored at an independent, internationally recognized third party precious metals depository (not Goldline International, Inc. owned). You will receive semiannual account statements directly from your IRA custodian. Regular updates from your Goldline Account Executive are available as well.

When you are ready to take distributions from your account, you can call to have your precious metals converted to cash or just to take delivery of the actual coins that you own. This choice allows you to take advantage of the perfect market condition before you decide to sell.

IRA Notes
The amount individuals with income can contribute to an IRA each year will increase from $3,000 to $5,000 by 2010. Added to these totals is $500-$1,000 for persons 50 and over. These funds can be placed in either a traditional or Roth IRA.

Monies in existing IRAs can be transferred through an IRA rollover to fund your American Eagle IRA purchase. Your IRA can also contain other forms of investments including stocks, bonds, and treasury securities.

Federal IRA tax laws are complex and cannot be fully covered here. As with any investment, it is advisable to speak to a CPA or other tax professional to understand your tax obligations before making a decision.