9-Point Checklist to Get Started with Your Silver IRA

Quickly and easily transfer your IRA into a tax-deferred silver IRA with West Hills Capital.

At West Hills Capital, you’ll find your transfer from paper to silver IRA hassle free—easier than you imagine. We do all the heavy lifting for you. We make it a simple, easy-to-follow process and make sure you are kept in the loop along the way.

1. Creating Your New West Hills Capital Account

Getting your account set up is a breeze.A chrome piggy bank and silver bullion coins.

When you decide to convert some of your hard-earned cash into the stability of silver or other precious metals, simply call (800) 867-6768 to speak with a West Hills Capital representative. He or she will assist you in locking in the price, and discuss your responsibilities and options.

After your initial conversation, your representative will fill out and send all forms that need to be completed, all you need to do is sign and date. Typically, most of the paperwork is electronic, so all you have to do is approve it in your e-mail, and once you get it back to us, we process it and do the rest for you.

You’ll get updates by email along the way, and we’ll call to let you know when the process is complete. It’s really just that simple.

2. Withdrawing Funds and Closing Your Current IRA

West Hills Capital can help you close your current IRA account without incurring any fees whatsoever, nor any early withdrawal penalties. Depending on the type of IRA you currently have, make sure to discuss all your options with a West Hills Capital representative.

Once you’ve met the minimum qualifying requirements, you can withdraw funds and close your IRA account at any time. The requirements are slightly different depending on whether you have a traditional IRA or a Roth IRA.

  • The qualifying requirements for a traditional IRA are strictly age-related. You can withdraw funds from your traditional IRA without an early withdrawal penalty and close your account once you reach age 59-1/2.
  • The qualifying requirements for a Roth IRA are time-related. You can take penalty-free withdrawals from your Roth IRA once you have had the Roth account for at least five years, provided you meet at least one of the additional requirements.
    The IRS mandates include:

    • Being 59-1/2 years old
    • Being disabled
    • Using the funds to purchase a first home

3. Transferring Your Current IRA to a New Custodian

Any portion of an existing IRA account can be either transferred or rolled into a West Hills Capital silver, gold or other precious metals retirement account.

You can transfer an existing IRA into a precious metals IRA at any time as long as the assets go “from custodian to custodian.”

With a direct transfer, the money flows directly from one IRA custodian to another. This means the distribution check from the old IRA custodian must be made out in the name of the trustee or custodian of the new IRA account that receives the funds. If you currently have a precious metals IRA and are tired of paying all the fees associated with it, simply call (800) 867-6768 to speak with a West Hills Capital representative about our Fee-Free Silver IRA.

Transfers may be made as often as you like, and West Hills Capital has already organized hundreds of these types of transfers for our customers.

4. Your Tax-Free and Penalty-Free Rollovers and Transfers

When you rollover/transfer to a West Hills Capital Silver IRA account, you will continue to enjoy the same tax benefits of traditional IRAs in your new precious metals IRA account.

In an IRA, you have the flexibility to dollar-cost-average, simply accumulate, or trade in and out of investments, and deferring all taxes on gains.

Although the rollover/transfer process is easy, most investors choose to work with West Hills Capital to help guide them through the conversion process, and make sure you follow all the IRS rules and regulations.

5. Buying Silver for Your IRA Account

Once you have returned your completed forms and delivered an acceptable method of payment (bank cashier’s check, personal check, or the preferred method of a bank wire transfer) then we will quickly get the silver you purchase transferred into your IRA.

Your West Hills Capital representative can help you select the best precious metals products for your investment goals. We will never attempt to upsell you on more expensive numismatic (collector) coins that aren’t right for your goals. Our purpose is to help you protect your purchasing power by making the right decisions with your retirement portfolio. This also puts you in a unique position to start earning monthly dividends from your silver bullion coins on deposit, something only our Silver Deposit Account can offer.

6. Shipping Your Silver

You have two options for shipping your silver with West Hills Capital:

Option 1: You can have the precious metals that you’ve purchased shipped to your front doorstep.

Option 2: Or, you have the option of having it shipped to a recommended secure and 100% insured depository. Secure shipping generally takes between 5–14 business days.

With rare precious metals, shipping could take an additional 7 days—a total of up to 21 business days.

Your purchase will be double-checked before it’s sent to you, and we track your purchase with video cameras from fulfillment through shipping. This investment in the additional security is just one way we ensure the accuracy of your purchase.

West Hills Capital insures all packages shipped.

If a package gets lost or damaged while in transit, West Hills will choose whether to replace the item or refund your purchase price.

All of these extra precautions help ensure a worry-free transaction for you.

7. Storing Your Silver

What should you do with your silver or other precious metals?

Remember, the silver coins and bullion in your IRA are yours … not ours, not a bank’s. These are real tangible assets that you own, so you’ll want to make sure they’re safe and secure.

Although the idea of having your IRA’s precious metal sitting on your kitchen table may sound appealing, most of our clients realizing that holding their metals with a professional administrator is the best option with lower stress, hassle and risk.

That’s why West Hills Capital can arrange to store your precious metals at our recommended high-security, exclusive 100% insured and segregated storage facility.

There are many benefits to keeping your silver IRA in our recommended secure storage facility:

  • You have exceptional liquidity because you can sell your metal 24/7, even when the bank is closed on weekends and holidays. Plus, you can have the proceeds wired the same day to your bank account anywhere in the world.
  • Your silver is insured with a specific “all risk” custody policy underwritten by Lloyds of London that protects your precious metals 100%.
  • You have the option to receive independent third-party audits, which confirm essential details and come with unlimited online access.
  • You can take delivery of your silver any time. The precious metals can be delivered by armored car or shipped overnight with express and insured delivery.

We can also provide you with information about alternative storage methods—such as keeping the silver in your home or getting a safe deposit box.

If you have questions about ownership of silver, gold or other precious metals, please contact a West Hills Capital representative today to learn more.

8. Insurance

For your peace of mind, all of the silver bullion in your West Hills Capital account will be insured by Lloyd’s of London, the A+ rated financial insurance company, for 100% of the replacement value for all precious metals stored.

9. Administration Costs and Storage Fees

A typical Silver IRA includes annual fees for storage and management fees (approx. $225-$500/year).

But at West Hills Capital, we take care of all these fees for you—100%. That’s right … NO FEES at all for you!

Call West Hills Capital to Get Started Today

There is no need to worry about completing this checklist by yourself. West Hills Capital has helped hundreds of investors just like you preserve and protect their retirement by rolling/transferring over their IRA into a secure gold/silver IRA.

Call us at (800) 867-6768 with any questions you may have.