Distribute Precious Metals In-Kind

Distribute metals from your IRA and have them shipped to your front door.

Most distributions (withdrawals) from an IRA are made in cash. Even when clients hold alternative assets in their IRA, many choose to sell the assets for cash in order to distribute the proceeds from their IRA to their personal accounts.

However, you can also take an in-kind distribution, which means you distribute the asset itself. In the case of an in-kind precious metals distribution, you can remove the metals from your IRA and have them shipped to your personal residence, a depository, or an alternative address.

In this article, learn how to submit an in-kind precious metals distribution through the Entrust Client Portal.

Step 1: Begin Your Distribution Request

After logging in to your Entrust account, locate the Quick Links box on your Dashboard. Click Take Distribution and select the account you want to distribute the metals from. Choose either:

• Full Distribution (distributes all assets in the account and closes the account)
• Partial Distribution (recommended if you want to keep the account open)

Then, select In-Kind Precious Metals Distribution and click Next.

Step 2: Enter the Distribution Details

Choose the distribution type. This is typically Normal (if you are 59½ or older) or Premature (if you are younger than 59½ and do not qualify for an exception). 

Unsure which to select? Consider consulting a CPA.

• Select the metals you wish to distribute.
• Enter the quantity (number of coins or units).
• Check the box acknowledging that market value may fluctuate and your distribution will be recorded based on the value of the metals on the day the request is processed.
  • Note that processing may occur a few days after you've submitted the request.
• Indicate whether or not you'd like federal tax withheld from your distribution.

Step 3: Enter the Delivery Instructions

You may have your metals shipped to your residence on file, a depository, or you can select a different shipping address. Please note that if you choose an address other than your residence on file, you must submit a notarized and signed letter confirming the metals being distributed and the new shipping address. 

Add any special delivery instructions, if needed.

Step 4: Confirm Payment Details

Choose how you want to pay for shipping fees (with your IRA cash balance or a credit card on file) and click Next. 

Step 5: Review Submission Details

Carefully read the Submission and Acknowledgement details. Once you've done so, check the box to demonstrate that you understand and click Submit.

What Happens Next?

Here’s what to expect after submission:

• Processing Time: Your request will be reviewed within 1–2 business days.
• Shipping Estimate Requested: We’ll contact your depository to get shipping quotes. The request status will update to “Shipping Estimates Requested.”
• Pending Shipping Approval: Once we receive estimates, your status will update to “Pending Shipping Approval.”
• Approve Shipping: Log back into the Entrust Client Portal. Click the Activity tab at the top. In the Activity Type dropdown, choose One-Time Distributions. Click the Activity ID for your request.  Click the Shipping Options box and select your preferred shipping method.
• Shipping in Progress: Once we've received your preferred shipping method, the status will change to “Shipping Instructions Received,” then “Pending Precious Metals Shipment” after we notify the depository.
• Completion: Once the depository ships your metals, the status will update to “Completed.”
  
  

And that's all there is to it. Your in-kind precious metals distribution is now on its way.

If you have any questions throughout the process, Entrust is here to help. Simply hit the Contact Client Services button below and we'll be happy to assist you.