Precious Metals IRAs from JM Bullion
JM Bullion is proud to offer our clients precious metal IRAs. We have partnered with New Direction IRA to offer the lowest cost and quickest IRA setup and maintenance, so you can enjoy all the tax benefits of IRA investing.
Self-directed IRAs can be set up in three simple steps, and this page has plenty of resources for learning how to start investing in metals through your IRA.
Read on or watch the video to the left to learn more, or feel free to call one of our IRA experts at 800-276-6508.
Learn the three easy steps for opening a precious metals IRA in this short video.
Open a Self Directed IRA AccountThe first step to investing in a precious metals IRA is to open a “self directed” IRA. The process can be completed quickly, especially if you work with our preferred/recommended IRA custodian, New Direction IRA. To get started, open an account with one of our self-directed IRA custodians, listed below on this page.
Fund Your Self Directed IRA AccountOnce you have opened your self-directed IRA account, your next step is to fund the account. If it is a new account, you will simply wire or transfer money to your IRA custodian of choice. If you are transferring or rolling over an IRA, speak to your custodian to ensure all steps are completed.
Purchase Precious Metals from JM BullionOnce your account is funded, your custodian will notify us you have funds available and intend to use them to purchase precious metals from JM Bullion. You are now ready to make your purchase. From this point, call us at 800-276-6508 to select your IRA-eligible products and lock in pricing.
Our Preferred Self Directed IRA Custodians
#1 Prefered Custodian – New Direction IRANew Direction IRA is our #1 preferred IRA custodian. New Direction manages over half a billion dollars in assets such as precious metals, real estate, and equities, and is one of the biggest and most trusted players in the space. To get started with New Direction, create an account directly on their website here, which will let you jump right into the on-boarding process.
A-Mark Precious Metals, Inc.A-Mark is a full-service precious metals company headquartered in Santa Monica, California. The depository is located in Las Vegas, Nevada. The company runs a precious metals trading operation on a global scale, dealing in gold, silver, platinum, and palladium bars, ingots, and coins. Working with mints, manufacturers, fabricators, refiners, coin and bullion dealers, and other financial institutions, A-Mark provides first-rate depository storage services. A-Mark offers direct drop shipping, delivery and receipt at convenient depositories, and allocated/unallocated inventory with delivery and storage available worldwide.
International Depository Services Group (IDS)International Depository Services Group (IDS) offers clients unsurpassed safekeeping of precious metal IRA assets. Clients can select between two, state-of-the-art precious metals depositories in North America. IDS Group facilities, located in Delaware, U.S. and Ontario, Canada maintain 24-hour monitored, multi-redundant security systems, all-risk insurance through Lloyds of London and UL-Rated Class III vaults. They also adhere to stringent dual-control procedures and offer fully segregated storage for IRA custodians and their clients. Both locations in the United States and in Canada are LBMA associates which meet the most stringent regulatory and compliance requirements. IDS-Delaware is also an Exchange approved depository and can issue warrants on the Intercontinental Exchange, ICE. IDS-Canada has the distinction of also being IIROC approved.
First State DepositoryFirst State Depository is another preferred IRA storage depository. First State offers segregated storage for all accounts, 100% full account insurance from Lloyd’s of London, and full accounting and reporting on your holdings. To get started with First State, feel free to give them a call at 866-972-3732 or email them. You can also download a service request form directly off their website here, which will let you jump right into the on-boarding process.
Why Choose a Precious Metals IRA?The main advantages of investing in precious metals through an IRA are tax benefits. By using an IRA to purchase precious metals, the investor either saves taxes now or in the future. The specific tax benefits depend on if you choose a traditional or a ROTH IRA.
Traditional IRATraditional IRAs allow investors to put pre-tax (tax deductible) money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age (currently 59.5), the investor can begin to withdraw from the account without penalty and pay taxes on the amounts withdrawn. Additional benefits as follows:
- By contributing to a traditional IRA, you may be able to lower your current tax bracket as your contributions are tax-deductible.
- A traditional IRA will allow you to invest more money because taxes are not deducted from the original investment capital.
- Investors who are in too high of a tax bracket to qualify for a ROTH IRA can still choose to contribute to a traditional IRA.
- Early withdrawals can be taken without penalty in the event of unusual circumstances such as a 1st home purchase or medical bills.
- Investors should consider choosing a traditional IRA if they anticipate their tax rate at retirement to be lower than their current tax rate.
ROTH IRAROTH IRAs allow investors to put post-tax money into their IRA to be invested in assets of their choice. That money can then grow over time tax-free, and upon retirement age (currently 59.5), the investor can begin to withdraw from their account without penalty and without any taxation, provided the account has been open for at least 5 years. Additional benefits as follows:
- ROTH IRAs ensure that your qualified withdrawals in the future are tax free because you already paid taxes up front on contributions.
- Investors who are over 70.5 can still contribute into ROTH IRAs.
- ROTH IRAs have no Required Minimum Distributions (RMD).
- Investors should consider choosing a ROTH IRA if they anticipate their tax rate at retirement to be higher than their current tax rate.