Step 1: Open an account.
● To open an IRA, visit our Open an Account
page or download the IRA kit on our Forms
page for the type of IRA you wish to open (Traditional, Roth, SEP or SIMPLE IRA).
● Complete the forms and submit them either electronically or by U.S. mail and include your payment of IRA Fees and the Precious Metals Storage Fee. You may pay by check or credit card. If by credit card, please complete our Credit Card Charge Form
If payment is not included, the fees will be deducted from the transfer, rollover or contribution funds prior to STRATA processing the purchase.
Note: The depository storage fee is an annual fee due at the time the storage account is opened and annually in conjunction with your IRA renewal fee. Both fees will be billed by STRATA at the time the IRA is opened and each year afterward during the anniversary month of the IRA account opening. Fees will not be prorated.
Step 2: Fund your IRA with a rollover, transfer or contribution.
● The IRA can be funded through an IRA to IRA transfer. Simply complete the Transfer Request Form included in the IRA Kit.
● Mail the completed and signed IRA Transfer Request Form to STRATA Trust Company 7901 Woodway Drive, Suite 200 Waco, TX 76712.
● A direct rollover from a 401(k) or other qualified retirement plan is another way to fund your self-directed IRA. Contact the plan administrator to obtain the form(s) needed to request or authorize a direct rollover.
● If eligible, you can make an annual IRA contribution to fund your Precious Metals IRA. See our IRA Annual Limits chart
.Learn more about rollovers, transfers and contributions
Step 3: Once funds are available in your IRA, choose a precious metals dealer and place your trade.
● You determine the precious metals dealer you wish to use, and you will negotiate the precious metals to be purchased and place your precious metals buy order directly with the dealer.
Step 4: Authorize STRATA Trust Company to remit payment for your purchase.
● To authorize, simply sign and date the dealer's precious metals order ticket or complete and sign our Precious Metals Investment Direction Form
and submit with the order ticket. The order ticket must be itemized to show the type, quantity and price of the precious metals purchased.
● Fax it to STRATA at 512-495-9554.
● Upon receipt, STRATA will remit payment to the precious metals dealer and provide the dealer with instructions for delivery of the precious metals to the depository.