A gold IRA (individual retirement account) comes with more costly fees as compared to a traditional IRA. While traditional IRA invests solely in bonds, mutual funds, and stocks, a gold IRA serves as a good hedge against debilitating inflation focused in a single asset class. It’s a self-directed IRA that involves investing in physical gold and other precious metals.
Gold IRA Is A Growing Trend
There’s no doubt about the popularity of gold IRAs today. This retirement investment appeals to a lot of investors that want to diversify their retirement portfolio. The main reason for this is because gold prices move in the opposite direction of traditional assets, like paper bills.
Adding IRA to your investment portfolio balances the risks involved over a long-term period, making it a smart investment. As evidenced by historical data, gold and precious metals are depleting, and their value is getting higher as the years go by. While paper assets decline, gold remains strong.
Rollover Your Retirement Funds to Gold and Silver
Investing in an IRA would involve finding a custodian or trustee and an approved depository. It involves buying approved gold and other precious metals, then transfer them to the depository so your custodian can account for them.
Investing your retirement funds into gold and silver is a smart decision. However, it’s a tough decision, so you have to ensure that the gold IRA rollover is done correctly. Secure your future by working with a reputable gold IRA company.
That being said, here are the important qualities to look for in a gold IRA company:
- Impressive reputation: Choose an IPA company with years of experience that reflects their expertise and good trust rating.
- Low minimum investment: Find an IRA company offering flexible investment options, such as low minimum investment and flat fees.
- Exceptional customer service: Choose a company known for top-notch customer service.
Best Gold IRA Companies
Birch Gold offers different types of coins and items for customers. Its customers may acquire items such as American Gold Buffalo uncirculated coins. Birch Gold Gold IRA account holders are able to purchase gold, silver, palladium, and platinum.
The organization has been operating since 2003, setting its pace as a dealer of physical precious metals in the US. It has a team of wealth managers, commodity brokers, and financial advisors to support customers in their investment decisions.
Goldco helps its customers to set up a gold IRA to protect their investments and prepare for retirement. Account holders with Goldco need to adhere to minimum purity standards set by the IRS. Gold must be at least .995 pure while silver must be .999 pure, and platinum .9995 pure.
Goldco promises to keep precious metals in secure depositories that are licensed and insured. Representatives from Goldco may contact an individual to help them get their account set up and funds transferred.
Noble Gold is known for its strong emphasis on honesty, penchant for client rapport, and its commitment to providing expertise on precious metal investments. It is on a mission to preserve wealth.
Noble Gold is the first and only custodian-approved gold dealer storing in the new Texas depository. The depository is the third IRS-approved gold IRA rollover depository in the US. Only clients of Noble Gold have access to it.
JM Bullion likes to keep its net wide, making its best efforts to supply a wide variety of precious metals. It helps customers to invest in such metals for the purpose of enhancing their IRAs.
JM Bullion offers discounts and sales for customers, giving them a chance to set up accounts and make purchases at lower costs. The organization processes 30,000 transactions per month from its headquarters in Dallas.
Lear Capital has shown time and time again why it is considered a leader in the gold IRA industry. It has spent over two decades creating stellar customer experiences for investors in precious metals. Market Business News confirms the good reviews which customers have for Lear.
In 2019, Lear Capital continued to set the pace for its industry with over $3 billion in investments in precious metals. Its wildlife series of gold and silver coins has taken the markets by storm, peaking the interest of both new and veteran precious metal buyers. In September, 2019 Lear Capital reported a year on year increase in the demand for its wildlife card series of gold and silver coins.