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If you are looking for information about gold IRA companies, then you’re in the right place because we review them here. A comparison table is available so you have an overview of their performance.
They are also reviewed one by one on their specific pages. Please follow the link provided in the comparison table.
Plus, more information about rolling over your retirement funds into this precious metal is provided below the table.
Note: If you’re in a hurry, click here to check out the best company for your retirement funds!
|Company||Links||Our Rating||BCA Ratings||BCA Complaints (last 3 yrs)||BBB ratings||BBB Complaints (last 3 yrs)||TrustLink Ratings|
|Regal Assets||Website, Review||(5 / 5)||AAA||0||A+||0||(4.9 / 5)|
|Heritage Gold Group / Goldco Direct||Website, Review||(4 / 5)||AAA||0||A+||1||(4.9 / 5)|
|Birch Gold Group||Website, Review||(4 / 5)||AAA||0||A+||0||(4.9 / 5)|
|Rosland Capital||Website, Review||(2 / 5)||AAA||6||A||10||(2.6 / 5)|
What Is A Gold IRA?
This kind of retirement investment allows an individual to have an Individual Retirement Account and store assets in the form of gold other than paper currency or other paper-based assets. It may also be done for other retirement funds like the 401k. It is similar to a regular IRA, but it holds physical bullion bars and coins instead of paper assets.
Companies selling this form of IRAs often work closely with a private IRA services entity, acting as a trustee or custodian for their esteemed clients – and often charging various fees and imposing account restrictions accordingly. Gold IRAs are normally self-directed IRAs, where more diverse investments are allowed in the account to enable account holders to have more control over their investments.
An Individual Retirement Account (IRA) holder is allowed to hold this real physical asset in the form of IRS-approved bars or coins. Investors often use gold as a long-term hedge against volatility – particularly inflation. Investors find it to be an attractive addition to their retirement portfolio.
Creating this kind of retirement account is simple. The former retirement plan has to undergo a “rollover’ or transfer process. It is IRS-approved and tax-free – as long as the individual is qualified and complies with all rules and regulations. It can then be stored safely in an IRS-approved depository.
In terms of liquidation, holding coins instead of bars has more advantages because:
- It is more difficult to sell bullion bars as they have a higher price.
- Bullion bars can easily be counterfeited.
- Bullion bars are more difficult to deliver because they are heavy and require more security during transportation.
The IRS requires that all Gold IRAs be in the possession of a custodian or trustee – a bank, a savings and loan association, a federally insured credit union, or any other IRS-approved entity allowed to act as a custodian or trustee – not the IRA owner.
Timed locks, automatic re-locking features, sound, motion, and vibration detectors, and 24/7 monitoring are some of the security features used by custodians. In addition, they have large insurance policies (up to $1 billion).
Why Retirees Should Rollover Their IRA Into Gold
US citizens with serious intentions of securing their future retirement must have already considered the option of investing in gold IRAs. Throughout history, the dollar and other paper currencies have consistently suffered loss of value over time. But this precious metal has registered remarkable appreciation in value.
Investment analysts have always viewed gold as a more valuable investment most probably because while governments can manufacture the paper currency for reasons such as tough economic times, they have been unable to do the same with it. So gold retains its intrinsic value whilst paper currency is regenerated whenever there is a need.
Investment in a gold-backed IRA has had unfounded rumors spread maliciously about its complex and risky nature. However, the popularity of this investment continues to rise. The uninformed masses still believe that they can lose their wealth by rolling over or converting their retirement money. On the contrary, they can secure their money by engaging the expert services of a seasoned investment broker who can guide and advise them accordingly.
The investment broker also advises on how to “roll over” cash, without withdrawing and then re-depositing into the new account. Such an act can attract hefty fees or penalties and this is contrary to wealth protecting best practices for the investor.
Ideally, wealth protection involves protecting money from volatility by hedging against harsh economic times. Purchasing when the price is low is even better as this precious metal is more likely to appreciate in the future.
A gold-backed IRA presents investors with a safe and secure way to invest their retirement money. Those who store the asset at home risk being robbed and stolen. They could also endanger their lives.
This form of investment not only allows investors easy access to their precious metals (also applies to platinum, palladium, and silver) after reaching the age of retirement. They also gain from huge tax benefits when the asset is sold.
In 2001, an ounce of such metal was valued at $271. Ten (10) years later the price was $1,896 – nearly a 700% increase! Throughout the journey, it passed through harsh economic times, when banks collapsed and major currencies shivered. All this time, the precious metal’s price has fed on these calamities. It is the standard of wealth and is a safe haven.
How Is It Done?
While people should choose a trustee in their retirement plan, self-directed trustees do not offer investment advice. They just offer the administrative and reporting services. In addition, they work with vendors and charge fees for services rendered. Before making the decision, investors must choose the right vendor.
During a rollover, the trustees involved handle the account opening and funding process. It takes about two (2) weeks or less to “rollover” funds from the existing trustee to a new one. Then clients can contact their vendor to buy gold for their IRA or 401k. Once the clients’ accounts are funded, they can already make purchases within their IRA. An IRA consultant can help make sound financial decisions by recommending the best product mix to suit the client’s investment goals.
And after selecting the coin/bullion product(s) to include and fixing the price with their vendor, clients can instruct their trust company to transfer funds to the vendor, who will deposit the metal directly into their account at the depository. The vendor will work with the custodian throughout the process to insure a safe and smooth transaction.
When Is The Best Time To Make A Rollover?
To begin with, gold is wealth insurance and cannot be approached the same way as stock or real estate. This means that timing is not really an issue, as long as the investor has made the decision to own some amounts of it. Clients can invest immediately instead of waiting for the right price, which may never appear.
Therefore, cost averaging can be an effective strategy to help achieve investment goals. Diversification helps protect wealth from economic hurdles and uncertainties, like the one that followed the 2008 financial crisis.