Investing in Metals and Cryptos through an IRA has to be done in accordance with IRS rules and regulations, which is why it is important to work with a company that has a good track record working with these types of accounts.
A Regal IRA™ is essentially a self-directed IRA used to invest in physical Metals and Cryptos. You can open a Regal IRA™ directly or you can rollover or transfer funds from a previous retirement account (e.g. 401k, SEP, TSP, 403b, etc…) into a new Regal IRA™ account.
Rollover VS Transfer
Your first alternative is a “transfer.” This is something you can do at any time with your existing IRA, as long as the assets go from custodian to custodian. In a direct transfer, the money flows directly from one IRA custodian to another. This means the distribution check from the old IRA custodian must be made out in the name of the trustee or custodian of the new IRA account that receives the funds. Transfers may be made as often as you want. You can be assured that Regal Assets has organized thousands of these types of transfers for our customers.
The second alternative is a “rollover.” A rollover occurs when “you” receive the distribution from your existing retirement account and then turn around and deposit it in another retirement plan custodial account. In this case you would need to re-deposit the funds into the new retirement plan account within 60 days. If the 60 day time period is exceeded, you would be liable for taxes and penalties on the money withdrawn. You may roll over the same money only once every 12 months to preserve the tax-deferred status of your retirement savings.
Want to get started with your Regal IRA™ today? Simply follow the instructions on this link IRA Account Setup
Eligible Metals and Cryptos