For thousands of years, gold and silver were trusted sources of currency. Now they’ve become a safe haven investment option for many.
Owning physical precious metals inside of an IRA is one way you can help preserve and even grow your retirement wealth.
Red Rock Secured offers several storage options:
- Depository IRA
- Home Delivery IRA
- Cash transactions
For now, we’re going to focus on our Depository IRA option.
How Does a Depository IRA Work?
The process of opening your IRA is quick and simple. First, you determine what percentage of your savings you’d like to convert. Then, we’ll help turn that portion into a self-directed IRA that can legally hold precious metals tax- and penalty-free (IRS Code 408(M)(3)).
Your Depository IRA is administered by industry-leading custodians who oversee all of the asset purchases and liquidations. This takes away the worry for you while also offering you complete control over the investments in your account.
Storing Your Metals
Once your metals are purchased, we make sure that they’re stored in a top-tier depository with state-of-the-art security. We use a variety of trusted and safe depositories all over the country.
Your metals will be protected and 100% insured by Lloyd’s of London for up to $1 billion.
We’ll also make sure that there’s documentation that verifies your ownership of each piece of metal in your IRA.
One of the greatest benefits of a Depository IRA is that you can access your metals at your convenience from your preferred and protected facility.
If you’re looking to store your own metals, then our Home Delivery IRA may be the right choice for you.
With our Home Delivery IRA, your metals are shipped directly to you and stored by you in an IRS-approved facility, typically a safety deposit box at a bank of your choice.
Have questions about opening a Depository IRA? Give our Client Success Managers a call at (855) 933-5569 for your free, no-obligation, one-on-one consultation.
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