Learning Center

IRA withdrawal rules apply to precious metal IRAs the same way 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 can start taking withdrawals when you turn 59 1/2. You don’t have to take any withdrawals until you are 70 1/2, at which time you must at least take the minimum withdrawal each year. That gives you another 11 years during which you can choose to allow your precious metals to grow in value.

RMDs must begin within the year you turns 70½ years of age and must be taken no later than December 31 each year. However, the initial RMD may be postponed until April 1 of the year following the calendar year. 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. Your Self Directed IRA will calculate your annual RMD amount and provide it to you annually. Roth IRA owners do not have to take RMDs.

Gold IRAs and Custom Precious Metals IRA provide more distribution options than paper investments. One difference between precious metal 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 want with them at that time.
2. Standard Liquid Distribution: Similar to any retirement account, you can choose to receive a liquid distribution, typically comes 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.

Because factors are constantly evolving, and pricing fluctuates based on the market, call Allegiance Gold directly for live pricing and to find out how you can liquidate your precious metals from an IRA or personal holding.

We also work to ensure you get the highest value for your assets. While some dealers typically buy at or below spot price, at Allegiance Gold, we provide the highest prevailing price. Depending on the products, we pay you above spot price when possible. Here are the steps you can expect to go through depending on how you are liquidating 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 coins you want to sell.
2. Send us the products 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 an inspection of the assets and approval of the sale.