JM Bullion is proud to now offer 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 without the hassles normally associated with these investments.
If you are new to precious metals IRA investments, we have produced a white paper that outlines how precious metal IRAs work: Precious Metals IRAs: Explained
Open Your Precious Metals IRA in Three Steps
A precious metals IRA can be set up in three simple steps, detailed below:
Step #1 – Open and Fund Your IRA
The first step is to open and fund a self directed IRA account with New Direction IRA. New Direction IRA is one of the biggest names in self directed retirement plans, and administrates over half a billion dollars in assets such as precious metals, real estate, and equities. A new account can be established in as little as two business days. Download an application here. You can get in touch directly with New Direction IRA using the contact info below:
877-742-1270 | firstname.lastname@example.org
Step #2 – Purchase Precious Metals
Once New Direction IRA has confirmed receipt of your funds, you can purchase any IRA-eligible precious metals from JM Bullion over the phone. IRA-eligible precious metals are classified as gold bullion of .995 or higher fineness as well as silver bullion of .999 or higher fineness, and include the majority of our gold bars, silver bars, silver rounds, American Silver Eagle, and Canadian Silver Maple Leaf products. Call us beforehand to confirm IRA eligibility of the products you’d like to purchase.
To make a purchase, simply call us at 800-276-6508 to lock in product pricing and quantities. We will immediately send the invoice to New Direction IRA, who then wires us the funds to pay for your order.
Step #3 – Ship to Depository
As a part of the IRS’s rules governing precious metal IRAs, the investor cannot take physical delivery of the metal. The metal must be held in an approved depository, which is responsible for ensuring the safety and maintenance of the precious metal products. As a part of our program, you can select any precious metals depository for safekeeping of your investments.
Once you choose a depository, simply notify us of the depository’s details and we will reach out to them to arrange shipment on your behalf. Once the metal departs our facility, it is fully insured until the time it reaches the depository’s facility, and from that point is stored securely in their vaults on your behalf.
Investors who would prefer a depository recommendation can check out First State Depository out of Wilmington, Delaware. First State Depository has been providing precious metals protection since 1979, and offers the best service and lowest fees in the industry. We have listed First State Depository’s contact information below:
866-972-3732 | email@example.com
If you have any questions at all about the precious metals IRA program at JM Bullion, please give us a call at 800-276-6508 and we will be glad to help out.