Which funding question should you answer first?
Identify whether you are adding new money or moving existing retirement assets. A sales conversation may call either action “funding,” but the tax and paperwork questions differ. Tell the receiving custodian the account type and source before requesting a distribution.
A dealer can set an order minimum. A custodian can set account requirements and limit accepted investments. Neither business can increase your IRS contribution allowance or make an otherwise ineligible distribution eligible for rollover. IRS · IRA investment and home-storage FAQs · as of 2026-11-11
Can you contribute new money?
For 2026, regular contributions across traditional and Roth IRAs combined are limited to $7,500, or $8,600 if age 50 or older, and cannot exceed eligible taxable compensation if that is lower. Rollovers do not use this regular contribution limit. IRS · IRA contribution limits · as of 2026-11-11
Eligible taxable compensation generally includes earnings from work, with additional categories and exceptions explained in the IRS publication. A spouse filing jointly may be able to contribute under the spousal IRA rules. Merely having savings does not establish compensation eligibility. IRS · Publication 590-A · as of 2026-11-11
There is no upper age limit for regular IRA contributions under the current rules, but compensation and other applicable conditions still matter. Participation in an employer retirement plan does not automatically prevent an IRA contribution; it can affect deductibility. Roth contribution eligibility also depends on income and filing status. IRS · IRA contribution limits · as of 2026-11-11
Can existing retirement money be moved?
Ask the existing institution to identify which amount is available and eligible. Required minimum distributions and certain other distributions are excluded from rollover treatment. Employer plans also have their own distribution conditions. Do not request a personal withdrawal merely to see whether the receiving IRA can accept it. IRS · Rollovers of retirement plan and IRA distributions · as of 2026-11-11
An inherited account, a SIMPLE arrangement, after-tax basis, or a move between tax categories can require different treatment. Give the receiving custodian the exact account registration and discuss unusual circumstances with a qualified professional. This page does not determine your personal eligibility.
Does Goldco’s minimum establish IRS eligibility?
No. The recorded Goldco IRA minimum is $25,000Source · Goldco · as of 2026-10-29. It is a company threshold for the described service, not a tax limit. Confirm the current threshold and the availability of your intended route directly.
Before applying, be able to state the receiving account type, source of funds, applicable contribution year if any, and the institution responsible for the release. If any answer is unresolved, make that a question for the custodian or plan administrator.
Questions at the desk
What else should you know before opening?
Can I open an IRA if I already have one?
Holding another IRA does not create a separate regular contribution allowance. The contribution limit is combined across traditional and Roth IRAs. IRS · IRA contribution limits · as of 2026-11-11
Does opening an account make my transfer tax free?
No. The transaction must satisfy the relevant transfer or rollover rules, including compatible account types. Account opening alone does not determine the tax outcome. IRS · Rollovers of retirement plan and IRA distributions · as of 2026-11-11