Choosing your Gold IRA company is the first step to opening your IRA. Gold is one of the oldest investments and continues to play a major role as a safe haven for investors in times of market turmoil. When stocks, bonds, and other derivative stores of value struggle, many investors take comfort in the value of physical gold and the long history it has in our economy. Due to concerns about volatile market assets, more and more pension investors are turning to individual gold retirement accounts (gold IRAs
).
Traditional IRA accounts can be opened and managed easily through a broker. However, setting up and managing a Gold IRA requires a few more steps. The gold must be purchased and transferred to the depositary in such a way that a custodian bank can take care of it. Investors must therefore work with a reliable and reputable Gold IRA company to make the process easier. There were also reports and advisories about companies offering gold IRAs to charge customer accounts with hidden fees or push investors toward riskier products. Gold IRAs therefore require a high level of due diligence. Opening a self-directed IRA and investing in precious metals is a bit more complicated than opening a traditional IRA or Roth IRA
.
American Hartford Gold helps families and individuals protect their wealth by diversifying with precious metals such as gold and silver. These companies allow customers to sell their precious metals back to the companies without incurring any additional fees. Like a traditional IRA, a gold IRA allows pre-tax contributions, and investment income can then be deferred for tax purposes, and the contribution and income limits are the same. In addition to these basic fees, IRA providers can choose whether to charge their customers a commission for buying gold
.
Additionally, companies that offer free services often don’t provide the extra support and knowledge that you would get from a higher quality company. However, as all of these Gold IRA providers offer similar services, you can’t go wrong choosing one of them to make your Gold IRA investment easier. While Advantage Gold appeals to all types of gold IRA investors, it has a particular appeal for first-time buyers. The IRS has established metal fineness guidelines that determine whether gold or silver in the form of gold bars or coins are acceptable for a gold
IRA.
If you’d rather not invest in a gold IRA, you can also buy gold, silver, platinum, and palladium directly through this company. Unlike traditional retirement accounts, which only store paper assets, a gold IRA is backed by precious metals such as physical gold and silver. You can fund your account by transferring funds from an open IRA or transferring a 401 (k) to a new, self-governing IRA. Many gold IRAs are reluctant to disclose their markups, which is why Augusta gets an extra point when it comes to transparency
.
American Hartford Gold is also the only precious metals company recommended by Lou Dobbs, Bill O’Reilly, and Rick Harrison.
