When you’ve finalized the decision to get a Gold IRA or 401(k) to Gold Rollover, then it’s time to get down to the nitty gritty of what makes a good gold IRA custodian worth their salt.
4 Questions to Ask Your Potential Gold IRA Company
A few crucial factors will come into play which you’ll need to determine to save yourself time, peace of mind, and money.
1. How much and what kind of fees will you be paying?
*If you have 100% of your current 401(k) or IRA in the stock market or bonds, then you may consider putting 30 – 40% or more into a Gold IRA.
A Gold IRA with low and flat fees, and ideally no account opening fee, is going to maximize your returns. You don’t want to be paying scaled fees that penalize you for investing more into your Gold IRA or losing a sizable chunk up-front either.
Dealing with a Gold IRA specialist instead of your run-of-the-mill already established brick and mortar metals company means you’ll avoid the salesy attempts to up-sell you on rare and exotic (worthless) coins that have high markup, and aren’t necessary for a gold IRA.
Note: A Gold IRA must contain only the legally accepted gold, platinum, and silver that qualifies to be in a Gold IRA according to Federal standards. There are only a select number and type of metals and purity that qualify to be included in a Gold IRA, and your company will know.
2. How long will it take to open or roll over a new gold IRA?
*Some investment companies and gold dealers will take 30 to 90 days to open a Gold IRA for you. The best companies offer account opening times of 15 days or less.
Note: Refuse to work with any gold IRA or metals investment company if they get your info and then fail to follow up with you or won’t walk you through the steps patiently until you feel good about everything.
3. Where is the gold in your gold IRA?
*Where is the actual gold stored? Can you take physical delivery, should you choose? How safe is the storage facility? Is the gold stored separately or all in one giant collective account?
Note: Some companies do not separate physical gold storage, which could lead to a lot of problems- especially if several investors suddenly called in to take physical delivery of their gold. Most reputable gold IRA dealers maintain separated storage at a professional and secure facility, and also allow for physical delivery to their clients.
4. What are other people saying about your gold IRA company?
*Look for companies with substantially more positive reviews than negative ones, check with the BBB and Trustlink as well as other consumer advocate groups to check up on them.
Note: Answer the questions: “Do I enjoy talking to and dealing with people from my Gold IRA company? Inevitably I will need to call them from time to time, so do I like dealing with them on a regular basis?”
I reviewed all the major gold IRA investment companies (listed below), and long story short…
The #1 Rated Gold IRA was Regal Assets.
Meeting all our criteria from above, it:
*has no account opening fee (savings of $700), and all yearly maintenance fees are minimal and flat ($250)
*has an account opening time of 7 days or less
*stores all gold separately at Brink’s secure storage, or delivers straight to your doorstep
*has the highest number of 5-Star reviews by actual consumers when compared to all other Gold IRA companies out there
That’s why we recommend Regal Assets as the best gold IRA, and we’re not alone.
“After continued disappointment with the stock market I asked my accountant about rolling over my IRA and Annuity into a precious metals IRA he said Regal Assets were the best and he was right! Collin made the entire process super easy and they did exactly as promised. Within a few days I owned gold & silver and could not be happier. I will be adding to this account with confidence, I would recommend them to anyone seeking a precious metals IRA.”
–Charles M., KS
“After investigating several Precious Metal IRA companies I decided to do business with Regal Assets. They seemed to simplify and expedite the process without any confusion. After discussing this investment with Collin Plume it was clear that I had made the right decision. He and his team handled the transfer of funds from an existing IRA and purchase of the Precious metals in a matter of a few days. The experience was positive and painless. I highly recommend Regal Assets and Collin Plume to anyone contemplating the peace of mind and safety of a precious metal IRA investment.”
Other gold (and investment) companies we reviewed:
Merit Gold and Silver
JPMorgan SmartRetirement® Income Fund
Hartford Gold Group
Birch Gold Group
Sterling Trust Company