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If you are looking for information about silver IRA (short for “Individual Retirement Account“) 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 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 Silver IRA?
This kind of IRA investing is similar to “gold IRA” investing. It offers the financial security and stability sought by a serious retirement fund investors. However, compared to gold, silver offers more upside potential and less downside risk. As with any other investment, there are some major considerations that an investor should know upfront to maximize its potential.
- Not all silver coins/bullion qualify for an IRA account: it has to fall under the pre-approved eligible items' list (which we'll talk about later)
- Secure the right hallmark from an accredited refiner or qualified assayer
- Be aware of the rules: reference the IRS Publication 590 discussing IRAs to get the latest updates on rules and regulations before making any IRA investment/ rollover decision
How It Is Done
To begin the process of creating a new or rolling over an IRA into this precious metal, fill out an application and secure an IRA custodian before handling any funds/assets. The vendor can help a client select a suitable custodian to help manage the account once the application has been approved. Vendors and their selected custodians often maintain long-term relationships within the industry. The custodian understands the client's specific investment goals or needs. Vendors can help clients in every step of the way to select the right assets for their accounts and even the right depository for allocation of funds.
Why Retirees Should Roll Over Their Retirement Funds Into This Asset
Unlike gold, governments and banks are less influential on this precious metal's value and performance. In addition, it is poised to increase in value even in uncertainties and harsh economic times – inflationary times and when debt levels escalate.
Many retirement investors feel dissatisfied with their respective 401k investments as there are restrictions and they have no access to high-performing assets. Moreover, there are concerns over future economic conditions – inflation, as well as a devalued currency. So, they are interested in knowing how to “roll over” their 401k to this asset.
A shrewd analysis of the historical prices portrays this commodity as an all-time powerful investment and effective tool against inflation. Compared to securities and other volatile financial instruments, these assets perform well, acting as a hedge against inflation in wealth preservation.
Retirement investors foresee a possible situation in the future, where their hard-earned life savings – locked up in volatile paper assets and cash deposits – slowly but steadily loses purchasing power.
However, with it being a part of their retirement portfolio, investors do not have to worry about this anymore, as the government is unable to produce more of this by printing; just as they do with paper currency. And with printing of more money, it naturally requires more money to purchase the same amount of silver, which cannot undergo any magical multiplication even at the behest of a frustrated government running massive budget deficits.
- Silver coins and bars (100 – 1000 oz.) with a minimum 0.999 degree of fineness
- American Silver Eagle
- Mexican Silver Libertad
- Canadian Silver Maple Leaf
- Mexican Silver Libertad
- Silver Austrian Vienna Philharmonic
- Australian Kookaburra
- Bags of US silver coins that are dated prior to 1965 (including dimes, half dollars, quarters, silver dollars)