You must begin taking required minimum distributions (RMDs) from a gold and silver IRA beginning the year you turn 70 ½ years old. Augusta Precious Metals is pleased to provide this page to help you estimate RMD.
You can either sell the required amount of physical gold or silver in your IRA and receive it as a cash distribution or take possession of the coins or bars themselves as a metals distribution. You’ll receive a Form 1099 from your IRA custodian showing distribution amount minus taxes due. If you receive physical metals and it results in a tax liability, you may need cash to pay taxes. Always consult your tax advisor before taking any IRA distribution.
For more information about the rules, please contact your personal tax advisor.
You must enter your IRA balance.