Can I transfer money from an existing IRA account to fund another IRA without incurring any tax penalties?
IRA-to-IRA transfers are tax-free and completed in 5-7 business days.
If you already have an IRA account, such as with an online stock broker, then you can transfer some or all of the account to your GBI Direct IRA to invest in precious metals. Just complete a simple form with our custodian and they will take care of the process. You can request as many transfers as you like each year; transfers are tax-free, typically completed in 5-7 business days, and there are no waiting periods between transfers. IRA transfers are not reportable on your tax return.