December 12

GoldCo Precious Metals & IRA

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Goldco is an industry leading, award-winning provider of gold and silver investment products, specializing in IRA rollovers and Precious Metals IRAs. With over 15 years of experience, they have helped thousands of Americans make sound financial decisions for their retirement. Goldco was originally founded in 2006 by Trevor Gerszt with the goal of helping each client make the best investments to secure their financial future.

Goldco offers a wide range of gold and silver coins and bullion for investment or personal collections. All of their precious metal products are backed by their rigorous quality standards and outstanding customer service. Their ‘white glove’ service will help you every step of the way with your gold IRA rollover process.

The company has an A+ rating from the Better Business Bureau (BBB) and a Triple A rating from the Business Consumer Alliance (BCA). This high rating is a testament to their commitment in ensuring customer satisfaction. They have a team of experts that are available to help you make the best decisions for your future.

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5.0/5 (154 rating)


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  • Author Verified

Goldco Is Our #1 Recommended Gold Investment Company!

PROS

  • Their management team has in excess of 100 years of relevant experience in the field
  • The company's BBB rating is the highest possible, A+
  • They've had zero BBB or BCA complaints in the past three years, a rarity in this business
  • Their customer support is rated excellent all-around, giving them a client-friendly reputation in the industry
  • Their fees are very reasonable and fully transparent
  • Bonus 5% back in free metals on qualified orders above $50,000
  • Fees waived for your first year on qualified orders above $50,000

cons

  • Their menu of available metal choices is relatively limited
  • Their minimum investment of $20,000 to $25,000 is not the lowest

Why Invest in Precious Metals with Goldco

GOLD IRA's are a great way to invest in gold and with Goldco you're in good hands. With decades of experience, their ‘white glove’ service team will help you every step of the way with your GOLD IRA investment.

With the introduction of the Taxpayer Relief Act 1997, the IRS made exceptions to the collectibles rule, allowing specific precious metal bullion and coins to be included in IRA investments. You can trust that Goldco will only use the appropriate coins and bars for your retirement account and that they will help to balance the volatility of stock and bond markets.

Precious metals like gold and silver have long been considered a safe investment, particularly during times of economic uncertainty. Goldco is a leading provider of GOLD IRA services, helping investors to diversify their portfolios and protect their wealth. GOLD IRAs offer many benefits, including:

  • Tax advantages: GOLD IRAs are eligible for special tax treatment, meaning that you can deduct your contribution from your taxes and grow your investment tax-free.
  • Protection against inflation: Gold and Dilver tend to hold their value even when other investments are losing ground. This makes them an ideal way to hedge against inflation.
  • Diversification: A GOLD IRA gives you the opportunity to diversify your portfolio beyond stocks and bonds, providing greater stability and protection for your retirement.

Goldco Fees

One-Time Fees

 

Annual Fees

 

IRA Setup Fee

$50

Maintenance Fee

$80

Wire Fee

$30

Storage Fee

$100 for non-segregated

$150 for segregated.

Note: Goldco do offer regular promotions on Gold IRA accounts. They offer a first year fee waiver for investments of over $50,000, and you can also receive 5% back in free metals on qualified orders above $50,000

Note: Goldco do offer regular promotions on Gold IRA accounts. They offer a first year fee waiver for investments of over $50,000, and you can also receive 5% back in free metals on qualified orders above $50,000

Goldco Minimum Purchase

Precious-Metals IRAs

$20,000 to $25,000

Non-IRA Transactions

$3,500

Goldco are specialists in setting up Gold and Silver IRAs.

They also offer almost every other precious metals for investing outside of an IRA. This can offer great advantages to help protect your assets. Coins can be shipped to a depository of your choice or directly to your home. You could even qualify for free storage.

Their Goldco BuyBack Guarantee means they will even BUY BACK your precious metals at the highest price when the time comes.

3 Easy Steps to Opening a Precious Metals IRA with Goldco

  • Step 1. Open a self-directed IRA
  • Step 2. Fund your account
  • Step 3. Select IRA-approved gold and silver

Which Precious Metals custodians does Goldco work with?

Goldco works with all major Self-Directed IRA custodians.

The IRS requires you to deposit your IRA precious metals at an authorized custodian warehouse.

Goldco Ratings, Reviews & Complaints

Goldco has a coveted A+ rating from the BBB (Better Business Bureau) and customer reviews give Goldco 4.87 stars out of 5. The few complaints that have been filed all seem to have been resolved in a timely manner by the company. Goldco also has an AAA rating with the BCA (Business Consumer Alliance.)

Trust Link and Google reviews give Goldco 4.8 out of 5 stars, and ConsumerAffairs readers also give Goldco 4.8 out of 5 stars. Reviews show that Goldco is very quick to respond to questions, and many people quoted that that the customer service specialists were very professional and patient.

Some recent testimonials from verified customers

GoldCo - Verified Customers
GoldCo - Verified Customers

Goldco Q&A

How do I sell gold or silver held in a Goldco precious metals IRA?

Goldco offers an excellent buyback program to clients who wish to take distributions from their retirement accounts. Their customer services team can also assist you to sell them on the metals market.

Can I store my precious metals at my home?

No. IRS rules do not allow you to keep your IRA precious metals at your home or other standard safety security box. The custodians storage facility has to restrict access and each customer’s precious metals must be stored separately.

This guarantees that your precious metals are returned to you, or cashed in, thus meeting the IRS legal distribution requirements.

Are the values of the precious metals in my IRA guaranteed?

As with all investments, the future value of any precious metals is not guaranteed and it can rise or fall due to various influenced on the commodities market.

How long does it normally take to rollover a Traditional IRA into a Gold IRA?

If you have a traditional IRA, either through your job or that you have set up for yourself, you cannot add physical goods to it. In the vast majority of cases, you can only add cash to a standard IRA. It is possible to set up an IRA that will allow you to add things like stocks, bonds, futures, ETFs (exchange-traded funds), options, mining stocks, and other "paper" assets into it.

But, the general rule is that traditional IRAs can not hold physical assets like metals, collectible items, art, antiques, etc. Think of it this way: for regular IRAs, you can only add intangible assets, not tangible, "touchable" things.

Are there any penalties for moving assets from a 401k or from a Traditional IRA to a Precious Metals IRA?

No. A rollover or transfer of assets into a Precious Metals IRA will have no taxes or penalties once they are processed in the correct manner.

What different types of individual retirement accounts are eligible for rollover or transfer into a Precious Metals IRA?

The retirement accounts that are eligible for rollover or transfer into a Precious Metals IRA include 401(k), 403(b), 457, Pensions and TSP (Thrift Savings Plan) accounts. You can also rollover a Roth IRA to a Roth Precious Metals IRA, or even perform a Roth conversion when rolling over from a 401(k) or similar account to a Roth Precious Metals IRA.

Will there be any fees like those on my mutual fund statement?

The fees on your Precious Metals IRA are usually charged as a single annual flat fee, rather than as a percentage of your assets as you might see on your mutual funds. In effect this means that the more precious metals you own, then the lower the associated fees will be as a percentage of the held assets. 

And likewise, the less precious metals you hold, then the higher the fees will be when viewed as a percentage of the held assets. Ask Goldco about current promotions as they may reimburse you for these annual fees.

What are the main risks associated with buying precious metals?

All investments carry some element of risk. Those risks may include: Precious metal prices can rise and fall, so the value of your precious metals can go up as well as down and you may subsequently sell your assets for a higher or lower value than what you originally paid. Precious metals do not have dividends or incomes. This is not a full list of all risks, so please do additional research or talk to your financial advisor

Can I buy precious metals outside of an IRA?

Absolutely. Goldco is a full-service precious metals company and they can work with you to purchase gold and other precious metals and deliver them securely to your chosen location.

How do I roll over or transfer my existing IRA or 401k to a Precious Metals IRA?

The process is completed in three easy steps and GoldCo will help through it all: First of all, they will open a new Precious Metals IRA account for you. Then, they assist you to move your funds from your old account. There should be no tax penalties and there is no need to invest any additional money at this time. 

As soon as funds are transferred to your Precious Metals IRA account, Goldco will then provide you with all you need to select your Gold, Silver and other precious metals

Who is eligible for a Precious Metals IRA?

Generally anyone who has earned income is eligible to open a Precious Metals IRA.

What metals am I allowed to hold in my Precious Metals IRA?

Gold and Silver are the most popular metals held in a precious metals IRA. For investors who are interested in diversifying their portfolio Goldco also offer other precious metals such as platinum and palladium. Customers can select from a variety of products, such as coins or bars. 

They also offer both common and premium bullion. Goldco only use IRS approved metals for inclusion in your IRA which must meet the mandated fineness. Their specialists can help you choose the right mix of precious metals to suit your investment goals.

Am I allowed to take distributions from my Goldco Gold IRA?

Yes. You or the beneficiary of your precious metals IRA can being to take distributions penalty-free from the IRA account at the age 59 and a half.

In what form can distributions be made?

You can take distributions from your Precious Metals IRA in the form of precious metals, i.e. physical gold, silver, platinum, or palladium, dependent on what metals you hold in your account. If cash is your preference, then Goldco have an excellent buyback program or they can even help you to sell your assets on the metals market and convert them into cash.

Goldco Resources for Investors

If you are trying to make the best investment decisions for your retirement, Goldco's website offers a vast library of resources for investors.

Request Your Free Self-Directed IRA Guide from Goldco

Potential investors can request a free Self-Directed IRA guide from Goldco. The guide tells you all you might want to know about the benefits of investing in Gold, Silver & other precious metals. It also explains the various coins and bars you can hold in your retirement account and what you should do when you're ready to set up your IRA.

Our Conclusion

Goldco are our top recommended Gold IRA company and they can help you prepare for a financially successful future by setting up or rolling over your Precious Metals IRA. Visit the link below to get started!


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