{"id":29499,"date":"2023-07-20T15:00:31","date_gmt":"2023-07-20T22:00:31","guid":{"rendered":"https:\/\/www.advantagegold.com\/?p=29499"},"modified":"2023-07-20T15:00:31","modified_gmt":"2023-07-20T22:00:31","slug":"how-to-open-a-precious-metals-ira","status":"publish","type":"post","link":"https:\/\/www.advantagegold.com\/blog\/how-to-open-a-precious-metals-ira\/","title":{"rendered":"How to Open a Precious Metals IRA"},"content":{"rendered":"

Many investors\u2014just like you\u2014are looking to expand and protect their retirement accounts.\u00a0<\/span><\/p>\n

Whether you have questions about how to protect your assets from inflation, geo-political turmoil, or an impending recession, you may find that a precious metals IRA is a potential solution.\u00a0<\/span><\/p>\n

From detailing how to open a precious metals IRA<\/a><\/strong>, to educating you on what is a precious metals-backed IRA, this guide will arm you with the knowledge to move forward.\u00a0<\/span><\/p>\n

What is a Precious Metals IRA?\u00a0<\/span><\/h2>\n

A precious metals IRA is a self-directed individual retirement account that allows you to own physical precious metals\u2014as an investment tool\u2014inside the account.\u00a0\u00a0<\/span><\/p>\n

Much like the individual retirement account that you may be familiar with, a precious metals IRA is designed to be a tax-advantaged account. At age 59 \u00bd, you may begin withdrawing funds with no penalty.<\/span><\/p>\n

Although commonly known as the Gold IRA or the Silver IRA<\/a><\/strong>, there are several precious metal IRA options.\u00a0<\/span><\/p>\n

What Precious Metals Are IRA-Eligible?\u00a0<\/span><\/h2>\n

Before learning how to open a precious metals IRA, you should understand which metals are eligible for your new account. <\/span>IRA-eligible precious metals include:<\/span><\/p>\n