How to Transfer an IRA to a Gold IRA
If you already have an IRA, a transfer is often cleaner than a rollover story. A transfer is custodian-to-custodian movement into a self-directed IRA that accepts precious metals.
Transfer vs rollover (one-minute definition)
- Transfer — institution moves assets/cash to another IRA trustee; generally flexible for IRA-to-IRA moves.
- Rollover — often involves a distribution path; indirect rollovers bring 60-day rules.
When both accounts are IRAs, ask for a transfer first.
Step-by-step for first-timers
- Open the destination self-directed IRA with metals capability.
- Submit transfer forms naming the delivering custodian and account number.
- Usually move cash, then buy eligible metals (in-kind bullion transfers are uncommon/complex).
- Approve the metal purchase and depository instructions.
- Verify ending statements and year-end fair market value reporting.
Timeline
One to three weeks is common. Incomplete forms and slow outbound custodians cause most delays.
Costs beginners forget
- Outbound transfer fee from the old IRA
- Inbound setup / annual custody
- Storage
- Dealer premium on the metal purchase
More: gold & silver split · IRS rules · opening primer.
IRA Gold — educational only.