If you have a Traditional IRA holding stocks and bonds and you want to transfer money out of that IRA and into physical Precious metals, this quick video will show you how to convert your IRA to Gold
Converting IRA to Gold
There are two ways to convert your IRA to Gold:
The first method involves these simple steps:
1. You take a distribution from your Traditional IRA
2. You pay the early withdrawal penalty of 10% (for investors under the age of 59 1/2)
3. You pay income taxes on the distribution at your existing tax rate
4. You use the money to purchase Gold Bullion bars and Coins at your local Coin shop
The second method for converting your IRA to Gold is to rollover or transfer funds from the Traditional IRA into a Precious metals IRA where physical Gold is held on your behalf.
