Gold IRA Companies –

Reviews of Rollover Providers

If You Are Serious About Investing in A Precious Metals IRA  – Here Are A Few Things To Consider

On this page, I provide you with some of the key facts and information you should consider if you are looking to invest in this type of individual retirement account.

With so many companies and specialists on the market, it can be difficult to find out which provider to use. Here at TransFS.com, I have personally researched the various companies / suppliers for you, and provide the relevant information that I have found, that will help you make the right decision when it comes to your financial future and planning your pension.

HOWEVER – As you already know, it is important that when making any financial investment, you are comfortable with your decision. Therefore please not only read what I have provided on these pages, but you also speak with any of the gold IRA companies that you like, over the phone.

Now when speaking to any provider, there are a few things you should consider:

IMPORTANT FACTORS TO CONSIDER WHEN CHOOSING YOUR PROVIDER

  • A quality company WILL be ethical – this means they will be above board, open and honest with you.
  • They WILL NOT pressure you into making a decision – a good provider will simply give you what you need to help with your decision.
  • They WILL provide you with all the information you need – the actual price of the metals, fees, how the process works etc, will all be readily available to you.
  • They WILL NOT attempt to not answer questions – No matter what you question, they will answer it for you, and not try and change the subject
  • They WILL allow you all the time you need to make your decision – If you want to go away and think about it, any good provider will let you do that, hassle free.
  • They WILL NOT try to sell you any other product such as collector coins, medals, paper money or tokens – This is key. Not all precious metals are allowed in your account, (I’ve provided a full list of what is and isn’t allowed, at the bottom of this page) but also, the commission that companies can make on collectible coins compared to gold or silver bullion allowed, can be considerably higher, so please be careful that you are not sold something that is no good to you.
  • Finally, a quality provider will have a clear fee structure & not penalize you with higher fees the more you invest.

What To Look For When Picking A Company

The most important and relevant information needed to consider who to use for your 401k or ira rollover can be covered in 6 main elements, as outlined below.

  1. The companies BBB rating (click here for information on how the BBB rating works) and the number of complaints that have been registered in the last 3 years.BBB & Trustlink logos
  2. Their Business Consumer Alliance rating.
  3. Their Trustlink rating which is determined by the number of reviews and score they get out of 5 from previous customers.
  4. Whether they provide an IRA facility or just sell precious metals
  5. The fees they charge.
  6. The quality of customer service

 

Information on Leading Companies

Below is a table of the 4 best companies, in my opinion, based on the six factors above. Each one has its own overview for you to look at.



Accounts

Free Trial

Projects

SSL

Storage

Domains

Regal Assets

First Year FREE

then $250 a year

A+ Rating With Better Business Bureau


ZERO Complaints With BBB in last 3 years


AAA Rating Business Consumer Alliance

ZERO Complaints With BCA in last 3 years

5/5 Star Rating With TrustLink

Based on over 900 Positive Reviews on TrustLink

FIRST CHOICE

Cornerstone Bullion 

$260  a Year

plus other fees

A+ Rating With Better Business Bureau


ZERO Complaints With BBB in last 3 years


AA Rating Business Consumer Alliance

ZERO Complaints With BCA in last 3 years

5/5 Star Rating With TrustLink

Based on 3 Positive Reviews on TrustLink

Lexi Capital 

$60 a Year

Plus other fees

A+ Rating With Better Business Bureau


ZERO Complaints With BBB in last 3 years


AAA Rating Business Consumer Alliance

ZERO Complaints With BCA in last 3 years

5/5 Star Rating With TrustLink

Based on 3 Positive Reviews on TrustLink

Apmex 

Fees Various

Depending on Investment

Not Registered


NONE DUE TO NONE REGISTRATION

AAA Rating Business Consumer Alliance

ZERO Complaints With BCA in last 3 years

5/5 Star Rating With TrustLink

Based on 1 Positive Reviews on TrustLink

Overall Best Company?

Regal Assets logo- leading gold ira company

Based on the aforementioned considerations, plus a few additional factors that set them apart (I’ve outlined these below) Regal Assets comes out as the top gold company.  I do of course encourage you to check out not only Regal Assets but also other companies as well. The more information you can gather before you make such an important decision as to who should manage your account, the better.

BBB Rating – The very top rating that can be given by the Better Business Bureau is A+, along with zero complaints within the last 3 years. Regal, along with 15 of the 22 companies that I have reviewed, have this rating, making them one of the top organizations within the industry

BCA Rating – The Business Consumer Alliance top rating is AAA. The BCA refer to this as an exemplary rating. They have nothing on record that would cause them to have any doubt about the company’s reliability. Out of the 22 companies I have reviewed, 6 have a triple A rating from the BCA, of which Regal is one of them.

TrustLink Rating – Trustlink’s rating is made up of feedback and comments from customers of the company, be they positive or negative. The feedback given determines the overall score of the rating given. A firm could get 5/5 but based on just one past client, whereas another could get 4/5 based on 100’s of excellent comments but a few ‘ok’ ones that bring the score down slightly. So if a service provider has 5/5, is it based on one or two clients or is it based on hundreds? Regal have a score of 4.9/5 based on over 800 client comments.

Inc 500 – In 2013 Regal Assets were ranked 20th for financial services in the top 500 companies in the United States, out of 6 million private corporations. (you can see statement here) This achievement is an indication of the quality service that an organization offers its customers. This, along with the high number of positive feedback on TrustLink, the triple-A rating and no complaints from the BCA, along with the A+ rating and no complaints logged with the Better Business Bureau, is why I have rated Regal Assets my number one choice as gold company.

What Else You Can Expect From Regal Assets

First years fees covered – including admin, storage and delivery.
One of the fastest transfer processes, 24 hours if you so wish
Fast account fulfillment – 7 business days meaning you don’t lose out on interest
Complimentary gold information kit which includes:
  • 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.

 

Get Further Information On Regal Assets

Or Telephone: 1-855-628-9249

Additional Things To Consider

if you are seriously considering looking to convert your IRA or even your 401k into a gold account (because your investment options are more limited in a 401k account than within a precious metals one*) then there are a number of things you need to consider when talking to any company.

Feesworking out fees image

You will see from the table above that the companies charge various fees. Some charge a fixed fee while others charge either a mix of fixed and percentage or the fees vary depending on your investment. One thing to consider with various fees is the more your invest, the more you will have to pay. In addition to standard fees, you need to consider custodian fees.

Now because as I mentioned, some companies have varying fee structures, don’t let that put you off from investing for your future. The return you get from investing, far outways the investment in fees.

There are three areas of fees that you will need to get clarified from your provider so that you know what you are paying. The areas of fees relate to the three sections of your account; Provider, Custodian, and Depository.

What You Will Need To Get Clarified With Your Chosen Provider Concerning Fees

  • The fee for opening an account. This kind of individual retirement account is a tax deferring account which means it can only be opened by an IRS approved custodian. Each custodian charges differing fees, so if the provider you chose recommends a number of different custodians, you will need to check with each one on the fees they charge. Normally you should expect to pay around $50 to open a new account.
  • Fee for carrying out your transaction. When buying your metals to be added to your account for the first time, or if you subsequently invest more gold etc at any time, you will need to pay a transaction fee, also, this fee will be applicable if you choose to sell any of your investment too. This also varies from custodian to custodian, but you can expect to pay something in the region of $40 per transaction.
  • Fee for maintaining your account. This is another varying fee depending on the custodian, but because of the importance of maintaining your account, a large number of custodians put this fee on their website. The range of the fee varies but can be from $50 to £250 plus a year, depending on the custodian.
  • Fee for fund transfer. When you make your investment, the transfer of it to your account is done via wire transfer and this generates a fee. Each transfer is usually around $25.
  • Fee For Storage. I mention below that when purchasing gold, silver or platinum, its storage is vital otherwise you will be liable to pay tax. Once your purchase is complete, you will want to get it stored in a depository. The fee for depository storage varies from the depository to depository, but also how you store your investment too can effect the yearly fee. You may want to have your metal segregated from others, this will, of course, increase your fee. You should expect to pay between 0.5-1% of the value of your assets by way of a depository annual fee, plus any extras you choose, such as segregation.

Is Your Custodian Licensed by the IRS?IRS Logo

A custodian must be properly licensed by the Internal Revenue Service. There is a register of companies who are eligible to look after your account and whichever company you choose, they can confirm that the custodian they use is on that list.

What you also need to be aware of, if you are not already, is that a custodian is not allowed to offer actual financial advice nor can they sell you any investment products. The role of your custodian is to carry out the purchase and administration of your gold ira investment. In other words, they simply act on your behalf, they don’t advise you, that is the job of your provider or financial advisor.

Make Sure Your Company Uses A Quality Depositorygold ira depository

When purchasing gold. silver, or platinum for your account, the correct storage is vital. Because the government sees these investments as cash since they can be liquidated easily
anywhere in the world, you will be liable for tax on your bullion or coins if you hold them at home. To appreciate the tax benefits the metal you purchase for your rollover /retirement account must be held by a private depository of your choice in the US. Not only that but any good depository will allow you to visit any time you please.

A depository as you know is a secure building that is managed and protected 24 hours a day, 7 days a week. There are many depositories located all around the US, so when setting up your rollover, you should be allowed to pick the nearest one to where you live. Furthermore, you can determine the quality of the depository by the quality of their insurance and legal separation.

Depository Insurance & Legal Separation.

I mentioned in the section on fees that you can if you so choose have your metals segregated from others, but that is not what I mean by legal separation. You want to make sure that the depository you use is insured to a high value (not all are) but also that they DO NOT take ownership of your assets in any way while they are being stored. The reason why this is important is because should anyone take legal action against the depository, your assets will be protected and not levied against the claim if they have not taken ownership.

* = Any IRA whether a Traditional or ROTH is able to be rolled over successfully into a physical gold account. A 401(k) is a little more complicated and your eligibility to convert it into precious metals depends on a number of factors. If rolling over your 401k is something you want to consider, then your custodian will be able to advise accordingly.

What Precious Metals Are Allowed?

It is possible to be able to put different precious metals into your account, as detailed in the table below, but you can’t put any type of precious metal into your account.  When purchasing please check with your provider before purchase (preferably in writing) that the metal provided IS eligible for your account.

There are strict guidelines as laid out by the Inland Revenue Service as to what precious metals can be used in an IRA and the purity level required for each metal. Below I have listed out for you what precious metals can be used, the purity level required for investment in an IRA, and therefore, what bullion and coins meet the required standard for investment.

Gold Allowed 

silver Allowed 

Platinum Allowed 

 GOLD BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER SILVER BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .999% OR HIGHER  PLATINUM & PALLADIUM BULLION & COINS APPROVED BY IRS FOR INVESTMENT IN AN IRA MUST HAVE A PURITY LEVEL OF .995% OR HIGHER
  •  AMERICAN GOLD EAGLE COINS
  • AMERICAN GOLD BUFFALO COINS
  • AUSTRALIAN GOLD KANGAROO/NUGGET COINS
  • AUSTRIAN GOLD PHILHARMONIC COINS
  • CANADIAN GOLD MAPLE LEAF COINS
  • CREDIT SUISSE GOLD BARS
  • JOHNSON MATTHEY GOLD BAR
  • VALCAMBI GOLD COMBIBAR
  • AMERICAN SILVER EAGLE COINS
  • AUSTRALIAN KOOKABURRA SILVER COINS
  • AUSTRIAN PHILHARMONIC SILVER COINS
  • CANADIAN SILVER MAPLE LEAF COINS
  • MEXICAN SILVER LIBERTAD COINS
  • JOHNSON MATTHEY SILVER BAR
  • ROYAL CANADIAN MINT SILVER BAR
  • AMERICAN EAGLE PLATINUM BULLION COINS
  • AUSTRALIAN KOALA PLATINUM COINS
  • CANADIAN MAPLE LEAF PLATINUM COINS
  • ISLE OF MAN PLATINUM NOBLE COINS
  • CANADIAN PALLADIUM MAPLE LEAF COINS
  • RUSSIAN BALLERINA PALLADIUM COINS
  • BAIRD PALLADIUM BARS
  • CREDIT SUISSE PALLADIUM BARS


With the number of suppliers and outlets, that provide gold by way of bullion or coins, it is vital that you know what is not allowed as part of your account. Although the list above outlines what is allowed, please be aware that collectible coins are not eligible, no matter what a dealer tells you.

You can, of course, buy collectible coins as a separate investment, hold on to them and sell them in the future when hopefully their value has increased, but you cannot under any circumstances add them to your IRA.

Precious Metals Not Allowed In An IRA

Below I have listed the different bullion and coins that although popular are not eligible for your retirement account. If purchasing these coins, make sure you are doing so simply from a collectible view.

COINS NOT ELIGIBLE
Austrian Corona – British Britannia coins – Chilean 100 Peso – Chinese Panda coins – Dutch 10 Guilder – French 20 Franc – French Napoleon coins – Israel Tower of David coins – Italian Lira coins – Mexican 50 Peso – Mexican Gold Peso coins – Russia’s George the Victorious coins – Somalia Elephant coins – South African Krugerrand coins – Swiss 20 Franc – Switzerland Vreneli coins – United Kingdom Sovereign coins – U.S. Buffalo Proof coins – U.S. Liberty coins – USSR Chevronet coins. IMPORTANT NOTE – This list is not exhaustive and therefore, when buying coins for your retirement account, only buy those listed at the top of this page in the section on coins that can be used.

OR TELEPHONE: 1-855-628-9249