Gold has always been a shining object that captivated people – including for its financial claims. It’s also the prime reason it is considered a good investment, especially for your retirement fund. So let’s break down the basics of Gold IRA and three companies you need to know.
- What is a Gold IRA
- Why Gold?
- Companies You Need to Know
What is a Gold IRA?
IRA stands for an investment retirement account, and gold is one way of investing in your retirement plan. However, not all IRA accounts invest in gold, which is why it’s essential to know which IRA gold company to look into.
Unlike investing in your regular stocks and bonds, a gold IRA allows you to invest in the physical product. For you to be able to do that, you need a broker and custodian. Your broker will be purchasing the gold. While a custodian will produce and manage your account. A custodian can be trust companies, banks, credit unions, savings and loan associations, and brokerage firms.
Another critic highlights that gold will always have store value, where gold will always maintain worth. It is because precious metals are considered to have a perpetual shelf life. This highlights why gold would be an excellent candidate to consider for your IRA.
Companies You Need to Know
It’s a known fact that anything related to your future and money is significant. So we have narrowed it down to a handful of companies that provide excellent services and are trustworthy to kick-off your gold IRA. We did this by examining the companies’ ratings, including their standing at the Better Business Bureau (BBB) and Business Consumer Alliance (BCA).
Goldco Precious Metals
The first Gold IRA company you need to know about is Goldco Precious Metals. They have attained the highest ratings from both BBB and BCA.
Goldco is known to have one of the best customer services. They will guide and inform you of everything you need to know from start to finish. They provide guides, encourage customers to look at their education centre on their website, and provide all the investment information you need to know.
- Good customer service
- Educational resources
- Low yearly fees
- New account: up to 10% back in free silver coins
- $25,000 minimum investment
Regal Assets is another company you should consider. Unfortunately, it does not currently have a rating from BBB. However, this should not waiver your confidence. They have a AAA rating from BCA, along with high scores from other organisations such as Trustpilot.
It has become one of the leading companies in gold IRA due to a competitive pricing structure and is recognised for its superior performance in IRA rollovers. They also provide educational resources and are very transparent concerning their fees and other charges.
- Good IRA rollover record
- Transparents with fees charges
- Flat annual service and storage fees
- Offers crypto and other precious metals for IRA
- Educational resources
- Not BBB accredited
- Can’t purchase online
Birch Gold Group
The company provides you with two choices where you want to put your precious metals in storage. The first is the Delaware Depository, and the second is the Brink’s Global Services (BGS). Delaware Depository is the largest depositary in the USA outside New York City.
Prepare For The Future
There you have it! A rundown of the essential information you need to know about gold IRA and the three companies you should consider.