Start a Gold IRA

You have heard about Precious Metal IRA & Gold IRAs, but you have questions about the process. This page will take you step-by-step to help you understand the process from beginning to end.

Step 1: Open an Account

The first step in the Gold IRA purchase process is to complete an application and open a Self Directed account. Select from Traditional IRA, Roth IRA, SIMPLE, SEP, Individual(k), HSA or Coverdell. It will take four business days, after New Direction has received completed paperwork, to open an account.

Step 2: Fund the Account

The second step in the Gold IRA purchase process is to fund your Self-Directed IRA account. Make a contribution and/or transfer or rollover funds from existing IRA or 401(k).

Step 3: Select a Dealer and Depository

The third step is to select a precious metals dealer and depository.

Step 4: Decide on the Precious Metals to Purchase

The forth step is to select the precious metals you would like to purchase in your Gold IRA. There are several precious metals your IRA can invest in. Gold, silver, platinum and palladium are all options.

Step 5: New Direction Sends Funds to the Dealer

The fifth step is New Direction sends the funds to the dealer. Once you have decided which metals to purchase, you will need to fill out the investment paperwork.

Step 6: Dealer Ships Precious Metals to the Depository

The sixth step is the dealer sends the precious metals to the depository after they have been purchased by the Gold IRA.

Step 7: The IRA Owns the Asset

The seventh step is the Gold IRA owns the precious metals. After the dealer has shipped the precious metals to the depository the investment is complete.

*This flowchart is an overview of the process. Do NOT attempt to purchase any investment prior to communicating with our transaction department as paperwork mistakes could lead to substantial taxes and penalties and may not be possible to correct.