The Gold Investment Retirement Account (IRA) is a great way to ensure your savings don’t lose their value. And gold IRAs were pretty similar to traditional ones. Instead of cash-backed assets, the gold IRA allows you to invest in precious metals, such as silver, platinum, and palladium.
Choosing the right company is a critical element in determining the quality of your gold IRA. So if you having a hard time finding a company worth trusting, then Goldco can help you set up your Gold IRA. The company specializes in gold and silver IRAs, and you can benefit from the other services it offers as well.
Why Partner With Goldco?
Investing in a gold IRA with Goldco offers various benefits, which include:
- Wealth appreciation
- Tax exemptions and benefits
- Stable investment options
- Rollover assets without any issues
- Portfolio diversification
Goldco Company History/Background
Goldco began in 2006 and focused on providing clients with precious metal IRAs and 401(k) rollovers. You can also sell precious metals to the company or take their services to roll over other retirement accounts into a gold IRA. Goldco rebranded itself a few times, since it goes under multiple names like Goldco Direct.
Goldco's founder, Trevor Gerszt, and Chief Executive Order Brenda Whitman have decades of experience in the industry. Their cumulative experience has helped the company to grow in a relatively short span of time.
Trevor Gerszt spent most of his early days in South Africa, working with one of the world's biggest gold producers. He collected various gold coins in his childhood, which helped him develop an interest in gold IRAs as he grew older.
Gerszt's family is famous for their collection of metals and coins. His family's legacy and his personal interest led to the creation of Goldco in Woodland Hills, CA.
Brenda Whitman would also join Goldco, becoming the IRA Services Director in the company.
Before joining Goldco, Whitman worked at various positions at Capital Gold Group, and campaigned for the National Affiliate Program. She has helped many financial specialists improve their skills in protecting their client's wealth and long-term investments.
Main Features of Goldco Gold IRA
Goldco Gold IRA has become more popular in recent years due to its recent exceptional ratings and reviews. The company enjoyed an A+ rating from the Better Business Bureau with no complaints in the last 3 years. Moreover, the TrustLink community are also very confident in the company, rating them 4.9 out of 5 stars.
Goldco has a AAA rating from Business Consumer Alliance thanks to its fantastic customer reviews, ethical practices, and various other factors. The organization didn’t receive any complaints about Goldco in the last three years.
Goldco can help you roll over your current retirement accounts, such as existing IRAs, 401 (k)s, 403(b)s, etc., into precious metal IRAs. The company's exceptional customer support also helps answer any questions you might have about your investment. Additionally, the transparency and accountability regarding its history and team give it a competitive edge over others.
Goldco aims to educate its investors in making the right investment decisions. Investors can get educational resources to help them assess their various investment options. Another exceptional feature of Goldco is its shipping and delivery options.
Customers receive their precious metals in the excellent condition, with premium packaging to ensure they’re safe. Goldco works with different companies for smooth and efficient logistics. The company works with various IRS storage facilities, precious metal dealers, and IRS-approved custodians.
Also, you won't have to worry about your precious metal, since the metals in transit have insurance coverage. Your precious metals will reach your doorstep after you make the necessary payments. Goldco's customer support team will tell you about your order to keep you updated.
Products and Services
Gold Products
Gold Australia Saltwater Crocodile - This gold product is popular among investors worldwide. Australia's Perth Mint produces this gold, and it comes with the following features:
- Exceptional hedge against the US tool
- It has a purity rating of 99.99% in 1/4 ounce
- Appropriate for precious metals IRA inclusion
Lunar Dog British Gold Coin – This gold product has high demand and is the fifth most demanded gold products. The product is especially popular for its excellent features and is suitable for IRAs.
- It has a purity rating of .9999
- The best option for precious metals IRA inclusion
Silver Products
Silver Australian Saltwater Croc – Besides gold, the Perth Mint in Australia also mints this silver product. This silver product is high in demand since it offers investors the following features:
- It has a purity rating of 99.99% in 1/2 ounce size
- Appropriate for precious metals IRA inclusion
- Exceptional hedge against the US tool
Canadian Silver Lucky Dragon Coin – The coin is a fantastic silver product that is in high demand. The features of this silver product by The Mint of Canada include:
- It has a purity rate of 99.99%
- Appropriate for precious metals IRA inclusion
- Exceptional hedge against the US tool
Goldco Pricing Information
One-Time Fees
- The set-up fee for precious metal IRA is $50
- The wire fee that the company charges are $30
Annual Fees
- The maintenance charges of Goldco are $80
- The storage charges for a non-segregated facility are $100 and for the segregated facility is $100
Goldco sometimes gives away promotional deals on gold IRA accounts. Investors who invest more than $50,000 will receive a few waivers for the first year. You can learn more about the company's promotions and deals by keeping up-to-date with its website.
Goldco Storage Options
Another unique thing about Goldco are its storage options. You can choose any one of the storage-service providers:
- Delaware Depository Services Company: Charges $100 for non-segregated storage
- Brink’s Salt Lake City: Charges $100 for non-segregated storage
- International Depository Services Texas: Charges $150 for segregated storage
These storage facilities have state-of-the-art security measures to protect your precious metals. While you might want to keep your precious metals at home, the Internal Revenue Service makes it necessary to keep them at an IRS-approved facility.
Any precious metals linked to the IRA accounts need to go in an authorized storage facility. These facilities also have insurance coverage and advanced security measures to keep your valuable items safe.
Goldco Minimum Investments
Goldco does have a minimum investment amount that you will have to meet before you can open your account. If you want to deal with precious metal IRAs, then the minimum limit is $20,000. On the other hand, all non-transactions have a minimum requirement of $3,500.
Services (Self-Directed IRA)
From a 401(k) to a Gold IRA Rollover
Setting up an individual retirement account can be very easy, and it gives you access to the same tax benefits that conventional retirement plans offer. Goldco provides various self-directed IRAs, giving you complete control over your investment decisions.
If you are a US citizen, you can roll over your 401(k) into a gold IRA account without paying any taxes or penalties. Many retirees are now switching to gold IRAs for its increased stability.
With a gold IRA rollover, you can protect your wealth and your portfolio in three different ways:
- Protects you from currency devaluations
- Mitigates the impact of inflation
- Secures your retirement funds from a possible government takeover
Self-Directed Silver IRA
Silver is another popular precious metal with immense value, which can grow significantly in the next few years. Therefore, it makes these self-directed silver IRAs an excellent investment option.
The silver IRA has immense potential to grow, and you can invest in a silver IRA through Goldco to protect your retirement funds.
Self-Directed Gold IRA
A self-directed gold IRA helps you enjoy decent gains while giving you the same tax exemptions you would get on a traditional IRA. Goldco's self-directed gold IRA allows you to get your gold coins or bars when you retire.
Additionally, you can also use your existing retirement assets to fund your gold IRA. The company can help you roll over any retirement accounts, such as 401(k)s, 403(b)s, etc., into your gold IRA. The best part is that it wouldn't be subject to taxes or penalties.
How to Fund / Invest at Goldco?
Investing in Goldco's metal IRAs is very simple. You can follow the five steps mentioned below to open an account:
- Pick the precious metal you want for your IRA
- Choose the funding source
- Find a custodian
- Add funds to your IRA
- Purchase your precious metals such as gold, silver, palladium, etc.
Goldco’s Contact Information
Goldco maintains an online presence so its customers can easily reach out to them in no time. Here are the social media accounts of the company.
- Facebook: https://www.facebook.com/goldcopreciousmetals
- Twitter: https://twitter.com/GoldcoPM
FAQs
What type of metals should I have with my Gold IRA?
Usually, gold and silver are the popular choices for IRAs. But you can also choose other precious metals depending on what you like.
When would I be qualified for the Gold IRA distributions?
You can start to get a distribution without any penalties after age 59.
Why would I need a custodian to handle precious metals in my IRA?
You need to have a custodian for an IRA. The IRS makes it mandatory to hire a custodian to manage your precious metals in the IRA.
How long will it take to roll my IRA to the Gold IRA?
It takes close to 14 days to rollover over current retirement accounts into a gold IRA. However, the timeframe can vary since every application is different.
Are there other provisions/penalties for moving my IRA or 401(k) to a Gold IRA?
No, you won't have to pay any taxes or penalties for an IRA rollover.
