Learning Center

IRA withdrawal rules for required monthly distributions (RMDs) apply to precious metal IRAs in the same manner as they do to any other IRA. If you take withdrawals from your IRA early, before 59 1/2, you will be assessed a 10% penalty by the IRS. The reason for this penalty is that retirement funds are usually invested from your pre-tax income (meaning they are not taxed).

You’re not required to take RMDs until April 1 of the year after you turn:

• 73 if you turned that age after Jan. 1, 2023
• 72 if you turned that age between Jan. 1, 2020, and Dec. 31, 2022
• 70½ if you turned that age before Dec. 31, 2019

At this time, you must take at least the minimum withdrawal no later than December 31 of each year. Waiting until your RMDs kick in gives you another 11-13.5 years to allow your precious metals to grow in value. IRA owners are responsible for taking the correct amount of RMDs on time every year, or they will face stiff penalties for failure to do so. You will receive your calculated RMD amount annually. For 2023, Roth IRAs do not require RMDs until after the death of the owner. Beginning in 2024, designated Roth accounts will no longer require RMDs.

Gold IRAs and Custom Precious Metals IRAs provide more distribution options than paper investments. One difference between precious metals IRAs and other standard IRAs is that, since you actually own the physical assets, you have two options:

1. In-Kind Distribution: You can choose to receive the underlying asset as a direct distribution — which means the bars or bullion coins will be shipped securely to you. Upon receipt, you can choose to do what you’d like with your precious metals.
2. Standard Liquid Distribution: Similar to any retirement account, you can choose to receive a liquid distribution, typically in the form of check, wire, and/or ACH. The experts at Allegiance Gold will convert the precious metals to cash and pay you the highest prevailing price based on the date in the market and send the funds via check or wire transfer.

However you withdraw from your precious metals IRA, Allegiance Gold works to make the transaction easy, secure, and fast.

Due to pricing fluctuations influenced by the market and other constantly evolving factors, you’ll want to call Allegiance Gold directly for live pricing. Our experienced team will be happy to assist you and provide details on how you can efficiently liquidate your precious metals, whether they are held in an IRA or a personal holding.

We also work to ensure you get the highest value for your assets. While some dealers typically buy at or below spot prices, at Allegiance Gold, we provide the highest prevailing prices for your precious metals. We pay you above spot price when possible, depending on the product in question. Here are the steps you can expect to go through based on your chosen method of liquidating your precious metal assets:

1. Contact us: Monday through Friday between 7 a.m. and 5 p.m. PST to lock in a sale price. You’ll need to provide some information about your assets, including type, denomination, and quantity of the precious metals you want to sell.
2. Send us the products: You can do this if you have physical ownership of them. If you are holding the precious metals in an IRA, we’ll work with you to convert them without you needing to take physical ownership of the metals. Either way, we help you ensure your assets are secured and protected during the entire transaction.

Receive payment via physical check, ACH, or bank wire. Payment is typically issued within one to three business days upon receipt of inspection of the assets and approval of the sale.