Gold IRA Setup
As licensed brokers with Miles Franklin Precious Metals Investments, we can work with any of many self-directed gold IRA companies. One custodian that Miles Franklin Precious Metals Investments works with especially often is New Direction Trust Company. Click here for an online account application form to set up your gold IRA with New Direction Trust Company.
Connecting A Storage Account With Your Gold IRA
Once you have opened and funded your gold IRA custodial account, either by rolling over funds from an existing 401(k), IRA, or other qualified plan, or making a new contribution, you inform your custodian what depository you want your metal stored, and they open a storage account for you there. Call or email for more information about our storage facilities.
Buying Your Bullion For Your Gold IRA
From this point forward, you are free to lock in a purchase of IRA-eligible metals (see list of eligible metals here) from your Miles Franklin broker. You can invest in gold, silver, platinum, or palladium in your IRA. When you receive your invoice from Miles Franklin, you forward it together with a filled out “direction of investment form” to your gold IRA custodian, which is your direction to them to pay the invoice on your behalf out of the funds in your IRA for the metals which you have purchased. Your custodian will be listed as the “bill to” party on the invoice, and your designated bullion storage depository is listed as the “ship to party” on the invoice.
Paying For Gold IRA Bullion
Once your gold IRA custodian receives the invoice and your confirming “direction of investment” form, they will pay the dealer for your metals, and your metals will ship to your depository, and you’ll receive statements via the custodian from the depository that this has all been completed.
We look forward to hearing from you, and helping you acquire the metals you desire for your IRA account.