Best Gold IRA Companies To Invest With in 2017
You have probably come to this page because you, like so many before you, are considering adding additional diversification to your retirement plan, protecting your retirement assets and accumulated wealth, through investing in a precious metals IRA.
Gold and silver investment through an IRA rollover or a 401(k) conversion are becoming more popular. In a report compiled in September 2014 by the former Director of the US Mint, Edmund Moy, he stated that by 2013 2.5-4% of the total assets held in an IRA were in non-traditional forms such as gold. (see article here) And of course that figure has continued to rise.
With the uncertainty of the stock market and other commodities such as oil, investors are looking for ways to diversify their retirement accounts, to lower risk and improve growth potential and one of those means is a gold IRA.
Gold has seen a rise in value of late, for a number of reasons, just as these headlines show.
Now we are not advocating that precious metal investment is the ultimate answer to financial security in your retirement, in fact, we would totally agree with those who say you should never put all your investment eggs in one basket. Just like any other commodity, precious metals investment, whether it is in gold, silver or platinum, is just another way of diversifying your investments.
Each month you save money for your retirement, placing it in your chosen retirement plan. With all the hard work you have put in to building up that nest egg, the very last thing you will ever want is for there to be another major collapse like 2008 and you lose everything you have saved. This is why diversification of your investments is an absolute must. And the great thing is, it isn’t that hard to do. There are numerous ways to achieve diversification and reduce the your market vulnerability.
Which Retirement Accounts Can Be Placed into a Gold IRA?
The accounts below are all eligible for a gold IRA rollover:
(Other types may apply, you will need to speak with your chosen provider for further information)
WHAT TO LOOK FOR WHEN PICKING A GOLD IRA COMPANY
OK so you want to find a reputable company that can help you set up your gold ira rollover. You want one that has experience and a great reputation due to the service it has provided previous customers. Therefore, when choosing your gold ira provider, you want to make sure you are getting the best option available. Below are some of the key considerations you may want to take on board when selecting your provider:
Leading Precious Metal IRA Companies
Below is a table showing the key facts for the leading gold IRA companies, with a link to their individual reviews. This information will hopefully give you an idea of who may best fit your requirements, and guide you in your discussions with your chosen provider.
Why We Chose Regal Assets As Our Number One Gold IRA Company
In the table above you will see that they come out top with regards to the fees they charge in comparison to the other companies. They, like some other companies, have the top ratings with the BBB and BCA with no complaints. They have the highest number of positive reviews on TrustLink, in fact, we could not find any legitimate complaints about Regal Assets online.
In addition to this, we recommend Regal due to the following features and benefits they offer:
Order Your Complimentary Gold IRA Rollover Kit
- A DVD copy of the award-winning documentary on the secrets of the Federal Reserve;
- Forbes magazine investment guide;
- Guide on how to rollover your IRA & 401(k)
- And a special report on the performance of gold since 2008.
Simply click on the image above to order your today,
OR CALL 1-855-628-9249
Additional Things To Consider When Selecting A Gold IRA Company
The first thing to consider is whether you are going to set up a new IRA account or rollover an existing one. If you chose the latter and chose to set up what is commonly referred to as a gold IRA rollover, you will need to speak to your chosen provider as there are limitations as to what you can do. For example, if you have 401(k) in place that was started by a former employer, you can roll that without too much difficulty, compared to an existing 401(k) from your current employer. This is just one thing to consider, but don’t worry, any good gold ira provider will go through all this with you before you start.
Here are some topics you will want to get clarified from your provider when setting up your account.
As we have pointed out already, the fees you are charged by each company differs from being either a fixed fee or a percentage of the total investment.
Here is what you will need to get clarified from your provider concerning fees.
• Account Opening Fee. Because a gold IRA is a tax deferring account, it can only be opened by a custodian who has been officially approved by the Internal Revenue Service. The fees charged for opening the account do vary from custodian to custodian, although you should not expect to pay more than $50 for the opening of an account. Some the gold ira companies mentioned do have a panel of custodians for you to select from. Ask the provider of your choice to give you with a list of fees the various custodians they recommend charge. Otherwise, you will have to ring each approved custodian separately, and that can be time-consuming.
• Transaction Fee. A transaction fee is payable every time you add precious metals to your account. Therefore if you plan to add to your account over time, it is worth considering minimizing your transactions to keep a number of times you have to pay this fee, low. A transaction should not cost you more than $40 each time, so we are not talking big bucks.
• Account Maintenance Fee. Each custodian charges their own fees for this, so this is a fee you want to get clarified before you start. The variance in fees between custodians is quite high ranging from $50 a year to $250 a year, so don’t forget to ask about this before starting your new IRA.
• Fund Transfer Fee. You can expect to pay around $25 for the transferring of funds
• Storage Fee. You can’t store your precious metals for your IRA at home. Otherwise, you will be liable for the tax. Correct storage at a depository is needed, and that comes with a fee. Depository storage fees vary depending on each depository and can range anywhere between 0.5-1%.
The fees mentioned above are purely guidelines. You will need to check with your ira provider and custodian of choice on the full costs they charge, before opening your account
Not every precious metal is allowed into a precious metal IRA. In fact, not every gold coin or bullion bar is allowed in either. There are stipulations that have to be met by the gold IRA company in line with IRS regulations. We have provided a full list of precious metals allowed in an IRA so you can compare with those offered by your company. Many companies offer excellent selections of collectibles at great value too, but unless they are on the list of approved coins, you won’t be able to add them to your retirement fund.