Spot Prices
By Doug Young

* MY ‘TOP PICK’ GOLD IRA COMPANY

augusta precious metals gold ira

AUGUSTA PRECIOUS METALS GOLD IRA 

Summary

  • There are many benefits of working with Augusta Precious Metals, and many good reasons for choosing them above all of their competitors.
  • Maybe most impressive of all is the fact that the company has ZERO complaints with the BBB and BCA since it opened in 2012 – even complaints that have been closed or resolved.
  • In over twenty years of experience in the precious metals industry I haven’t come across any other gold IRA company that can say that. It might seem like a small thing, but it says a lot that no customers over all those years felt they needed to share bad experiences in reviews.

My Rating

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 What makes APM stand out 
What makes APM
stand out

  • Strict Compliance: APM voluntarily opens itself up to regular independent compliance audits.
  • Recognized Excellence: Money Magazine recognised APM as the ‘Best Overall Gold IRA Company’ in both 2022 and 2023.
  • Acknowledged Transparency: Investopedia acknowledged them for ‘Most Transparent Pricing’ in 2022 and 2023.
  • Impeccable Reputation: A+ rating at BBB; AAA rating at BCA.
  • FREE Gold Welcome Gift: when you open a Gold IRA with APM. A nice touch!
  • Highest Buyback Guarantee: Reclaim your investment with utmost confidence.
  • 100% Satisfaction Guarantee: Retain full control. Seamlessly switch if Augusta fails to meet your expectations.
  • 7-Day Money Back Guarantee: Open your account with peace of mind and assurance.
  • ZERO Gold IRA Fees: Pay no Gold IRA Fees for up to 10 years – everyone qualifies.
  • Cutting Edge Education: Benefit from a free, unique 1-on-1 educational web conference with their on-staff Harvard-trained economist.
  • Freedom of Choice: Make your own choices from a selection of the most popular gold and silver products. APM gives you the opportunity to tailor your precious metals investments.
  • Trusted by Notable Figures: APM is the top choice of hall of fame quarterback Joe Montana and his financial team. It’s also approved by respected figures Ben Ferguson, and Judge Jeanine Pirro.
  • Lifetime Account Support: APM provides support throughout the entirety of your account to ensure you always have the assistance and guidance you need.
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Augusta Precious Metals Analysis

Augusta Precious Metals Analyzed
‘At a Glance’
Website augustapreciousmetals.com
Phone No.
INDEPENDENT RATINGS:
Better Business Bureau (BBB) Rating – Scale of A+ to F
BBB Customer Ratings
BBB Customer Complaints (Opened and/or Closed)
Business Consumer Alliance (BCA) Rating – Scale of AAA to F
BCA Customer Ratings
BCA Complaints (Opened and/or Closed)
Trustlink Rating
Google My Business
RETIREMENT FUNDS:
Gold IRAs Offered
Silver IRAs Offered
CASH ACCOUNTS:
Gold Bullion Offered
Silver Bullion Offered
GENERAL:
Preferred Depository
Preferred Custodian
Minimum IRA Investment $50,000
Physical IRA Application
Digital IRA Application
FEES:
Set Up $50 + $30 wire fee
Admin (annually) $80
Storage (annually) Segregated: $159
Non Segregated: $100
Management
None
TIMESCALES:
IRA Transfer Process as fast as 2 days
401k Rollover Process 7 to 14 days
Delivery of Metals 7 to 10 days
Booking into Free One-on-One Web Conference 2 days or less
PEACE OF MIND:
US Mint Listed Dealer
ICTA Member
ethics.net
SPECIAL INCENTIVES FOR NEW CUSTOMERS:
Incentive #1 FREE GOLD when you open a Gold IRA. Choose from 3 Gold Coins.
Incentive #2
Up to 10 years of custodian and storage fees covered by Augusta (ask how many years you qualify for)
Incentive #3 Free one-on-one educational web conference with Harvard trained economist
VISIT AUGUSTA PRECIOUS METALS:

Request Your FREE Augusta Precious Metals Gold IRA Guide

augusta precious metals guide guideendorsement

free-apm-guide

The Augusta Precious Metals Gold IRA Explored

Augusta Money Logo

I pride myself on being recognised as an authority in this industry. As someone with a wealth of experience with gold IRAs and expertise in evaluating gold IRA companies stretching back in excess of two decades, I feel qualified to share my personal experiences and research findings on Augusta Precious Metals with you, and to offer a trustworthy verdict…

How Augusta Precious Metals Has Evolved

Augusta Precious Metals was founded by their CEO, Isaac Nuriani in 2012.

Since its inception, Augusta has been laser-focused on helping retirement investors protect their savings using physical gold and silver IRAs. Over the years, the company has become known for its deep specialized knowledge and exceptional customer service.

Part of Augusta’s story is that the company noticed American consumers are not always given all the information they deserve to know about the nation’s economy and all investment alternatives (financial advisors rarely include gold and silver in investment choices, because they do not always sell them).

That prompted the company to develop a robust educational offering that includes a blog, video blog, series of educational videos and most importantly, the free one-on-one web conference where consumers can speak directly to the experts at Augusta, including Devlyn Steele who designed the program.

I have found the level of education provided by APM to be exceptional, and even with over 20 years expertise in the precious metals field I continue to learn from their regular insightful videos and news analysis.

Mr Steele, who is a Harvard-trained economist, noticed Augusta and independently of any request by Augusta approached the company and requested that he become involved. He has since become the company’s Director of Education.

Since its founding Augusta Precious Metals has helped thousands of consumers understand precious metals and open gold and silver IRAs.

Augusta Precious Metals Today

  • Augusta in is based in Casper, Wyoming, with a satellite office in Beverly Hills, CA. They are known for clear to consumer education, transparency, competitive prices and compliance – and their strong commitment to customers “over the lifetime of your account”.
  • Augusta Precious Metals has refrained from watering down its expertise and specialty in gold IRAs – it doesn’t do anything else (other than straightforward cash accounts for physical gold and silver). This means the company’s precious metals IRA knowledge and background is as robust as any in the industry, as is the infrastructure it provides to support Augusta gold IRA customers. I am sure this accounts for many customers referring in their feedback to a stress-free gold IRA process and a feeling of confidence in their purchases.

Augusta Precious Metals Management

Augusta Precious Metals’ two primary executives are their Founder, Isaac Nuriani and their Director of Education, Devlyn Steele.

Isaac Nuriani – Founder and CEO

Isaac Nuriani

Isaac Nuriani

Augusta Precious Metals Founder and CEO Isaac Nuriani launched the company with the aim of helping retirement savers diversify their investments firstly through education and then by taking advantage of physical precious metals.

Having spent many years prior to that assisting American seniors with their finances, Mr Nuriani took it upon himself to empower the everyday public with knowledge about economic policies that were geared towards helping banks and corporations more so than private individuals saving for their retirements.

He started Augusta to not only educate individuals about all this but also to offer better alternatives and solutions to them. He did so with the determination to offer quality service and a strict commitment to transparency and ethics. He followed through by becoming members of both ICTA (Industry Council for Tangible Assets) and Ethics.net.

He is firmly committed to helping Americans diversify and protect their retirement savings with gold and silver IRAs. I have shared several personal conversations with Isaac Nuriani, and on each occasion his passion for helping others to protect their futures was very apparent to me.

Mr Nuriani graduated from the Los Angeles University of California with an honors degree in economics and to this day still guides and mentors industry professionals on retirement stability for Americans.

Devlyn Steele – Director of Education

At Augusta Precious Metals Devlyn Steele heads up an educational team which is dedicated to acquainting financially conservative Americans about the benefits of alternative assets for diversifying their investments and savings.


Mr Steele is well known for predicting both the financial crisis of 2008 and the surging gold and silver prices that followed it. His economic and financial services career spans three decades, during which time he has been responsible for processing financial assets valued in excess of $2 billion.

Devlyn Steele is Augusta’s on-staff Harvard trained economist who hosts their acclaimed free and unique one-on-one gold and silver web conferences which he personally designed.

Many successful and wealthy customers have benefited from the insights revealed during these conferences which Mr Steele’s membership of the distinguished Harvard Business School business analytics program helped him create.

I can personally vouch for the quality of cutting-edge information and in-depth analysis provided by Mr Steele.

This video, in which Devlyn Steele reveals what experts think about the long-term prospects for precious metals, is an example of the information and analysis provided by him and the Augusta Education Team

LEARN MORE! SIGN UP FOR YOUR FREE WEB CONFERENCE

Augusta Precious Metals Reputation

Augusta Precious Metals Recognition and Achievements

  • During my exploration into Augusta’s reputation, I was particularly impressed with what has NOT been written about them. I’m referring here to the fact that there have been ZERO complaints made EVER about the company at either the Better Business Bureau (BBB) or the Business Consumer Alliance (BCA) – even complaints that have been closed or resolved.
    To put that into perspective, since its inception in 2012 not one single Augusta customer has found it necessary to share bad experiences in their feedback. That speaks volumes about them for me, as throughout many years of evaluating gold IRA companies I have never come across any others that can proclaim such a record.
  • These indications of quality service are supported by many thousands of 5-star ratings from consumers.
  • Voted ‘Best Overall Gold IRA Company’ in 2022 and 2023 by Money Magazine.
  • Voted ‘Most Transparent Pricing’ in 2022 and 2023 by Investopedia.
  • Awarded ‘Best of’ by TrustLink for 6 consecutive years.

Augusta Precious Metals Gold IRA Endorsements

Joe Montana endorsement

Joe Montana

The Augusta Precious Metals Gold IRA is endorsed by Hall of Fame quarterback Joe Montana.

Joe Montana endorsement

Joe Montana

When I looked further into this endorsement I discovered that the difference between this one and many others is that Joe Montana asked his advisors to find a way to protect his retirement. They said he should invest in gold, so he asked them to find the best gold IRA company in the United States and they independently found Augusta Precious Metals.

In fact, I was later told by the staff at Augusta Precious Metals that Mr. Montana signed up for a web conference with Devlyn Steele independent of any request by Augusta, and Mr. Steele did not realize until later that it was Joe Montana.

To me as a seasoned professional, that is a strong indication that this company belongs in the top tier of gold IRA companies.

GET COACHED BY THE SAME WINNING TEAM AS JOE MONTANA >>

This is what Mr Montana posted at Trustlink:

joe montana trustlink

I found it assuring during my extended analysis that Augusta Precious Metals are also approved by trustworthy commentators Ben Ferguson and Judge Jeanine Pirro.

Augusta Precious Metals Ratings

From my vast my experience and expertise of evaluating different precious metals companies I am very aware that ratings at independent consumer watch websites are an excellent indication of how a company has performed in the past and present, since it’s their customers’ comments which are being evaluated and scored.

Augusta Precious Metals’ exceptional ratings at all the main independent consumer watch sites point to a first class all round performance.

I check regularly, and my updated research as of provides the following specific evidence of this:

Augusta Precious Metals BBB – Better Business Bureau Rating

  • At The BBB (Better Business Bureau) Augusta Precious Metals are an Accredited Business with the maximum A+ Rating and 4.97 out of 5 Stars based on 119 Customer Reviews.

The Better Business Bureau (BBB) is a reputable non-profit organization with a century-long legacy of assisting individuals in discovering reliable and trustworthy businesses. The BBB serves as a valuable resource for consumers, providing them with the ability to rate businesses based on their experiences. By upholding the highest standards of ethics and professionalism, the BBB promotes a fair and transparent marketplace for all.

Augusta Precious Metals BCA – Business Consumer Alliance Rating

The BCA rating is determined using a sophisticated formula that incorporates several key factors, including the nature of the business, the duration of its operation, adherence to licensing requirements, complaint history, and overall industry experience. All of this carefully weighs the significance of each factor in determining the company’s reliability. The system is designed to provide a thorough and accurate assessment of a company’s trustworthiness and to aid consumers in their decision-making process.

Augusta Precious Metals Trustlink Rating

  • At Trustlink Augusta Precious Metals have a 5 Star Rating based on 286 Customer Reviews

Augusta has been recognized and included on the esteemed ‘Best of’ list by TrustLink for multiple years.

TrustLink is a reputable platform dedicated to fostering trusted relationships between businesses and consumers. One of the key features of TrustLink is its commitment to ensuring the authenticity of reviews. TrustLink guarantee that the individuals providing feedback are confirmed customers of the companies they have reviewed. This verification process adds an extra layer of credibility and reliability to the reviews, enabling users to make well-informed decisions based on genuine experiences.

Augusta Precious Metals Consumer Affairs Rating

  • At Consumer Affairs Augusta Precious Metals have a 4.9 out of 5 Stars Rating based on 137 Customer Reviews

Consumer Affairs is a highly respected independent consumer watch website. It offers a platform where individuals can access and evaluate authentic feedback from fellow customers, and assists them in making informed and educated choices.

Augusta Precious Metals Google My Business Rating

  • At Google My Business Augusta Precious Metals have a 4.9 out of 5 Stars Rating based on 420 Customer Reviews

Google boasts one of the most frequently utilized consumer feedback platforms globally. The Google feedback system offers a convenient and user-friendly avenue for individuals to share their experiences and comment on various businesses and services. By leveraging the power of this widely recognized platform, users can contribute to building a transparent and reliable information hub for fellow consumers.

Augusta Precious Metals Complaints

How Do They Compare With Their Competitors?

As I’ve already mentioned, when checking and comparing complaints at Better Business Bureau (BBB) and Business Consumer Alliance (BCA) I was impressed to discover that Augusta is the only gold IRA company that has never received a complaint, since they started in business, at these highly respected independent review sites.

This sets Augusta Precious Metals apart and is further evidence of their excellent performance record.

In the table below I am putting that into perspective by showing you a comparison of the number of complaints that their competitors have received.

 

Gold IRA Company

 

Better Business Bureau (BBB) Complaints

 

Business Consumer Alliance (BCA) Complaints

Augusta Precious Metals ZERO (All Time) ZERO (All Time)
Advantage Gold 0 complaint closed in last 3 years

0 complaint closed in last 12 months

0 in last 3 years
American Hartford Gold 36 complaints closed in last 3 years

21 complaints closed in last 12 months

2 in last 3 years
BGASC 2 complaints closed in last 3 years

2 complaints closed in last 12 months

Not Listed
Birch Gold Group 8 complaints closed in last 3 years

4 complaints closed in last 12 months

0 in last 3 years
Blanchard & Company 0 complaint closed in last 3 years

0 complaints closed in last 12 months

0 in last 3 years
Goldco 48 complaints closed in last 3 years

28 complaints closed in last 12 months

1 in last 3 years
Goldline 13 complaints closed in last 3 years

5 complaints closed in last 12 months

0 in last 3 years
Rosland Capital 22 complaints closed in last 3 years

12 complaints closed in last 12 months

4 in last 3 years

 

Augusta Precious Metals Gold IRA Customer Feedback

I consider it very important to check out customer feedback when evaluating a company’s performance, since this comes from people who have actually used the products and then report back on their experiences of what the product was like for them personally.

Let me share my research findings with you into what Augusta Precious Metals customers have said about them.

Positive Augusta Precious Metals Feedback

There are many (literally thousands) of examples of positive Augusta Precious Metals feedback online. I discovered that customers seem to be particularly impressed with:

  • Augusta’s track record of exceptional customer service, in part due to helpful informational materials, especially the one-on-one web conference and account lifetime support
  • Augusta’s fast and easy account opening process, with seamless and well-practised assistance through five different departments
  • the account and pricing transparency and compliance at this company, for which it has been awarded and recognized

Negative Augusta Precious Metals Feedback

I was unable to find any 100% negative feedback for Augusta. What I did find however was some instances of negativity contained within 4 and 5 Star Ratings which were overall positive. This was mainly in the form of comments about prices and questions about how Augusta made their profit. I also found a couple of examples of customers saying that they were overall happy with the service they had been given but they considered the delivery time for their metals was longer than they had anticipated.

On each occasion an Augusta Precious Metals representative had replied with an explanation that the customers concerned subsequently commented was to their satisfaction. Regarding the questions regarding prices and profit, the bid-ask spread, which is the gap between the bid (from buyers) and the ask (from sellers) prices of a security or asset, was explained. Regarding the delivery times, Augusta explained that the delay had been caused by a rare unforeseen circumstance which had been unavoidable.

Ratio of Positive To Negative Augusta Precious Metals Feedback

Overall the ratio of positive to negative feedback that I came across was extremely high, around 98%. Of all the gold IRA companies that I have evaluated over many years, this was the highest I have seen. I suspect this is quite likely because of their commitment to compliance and to regular independent audits.

Augusta Precious Metals Gold IRA customer Herbert Campbell shares his experience:

Examples of Customers’ feedback online

Below are screenshots of some of the comments about Augusta Precious Metals that I found at well respected independent consumer watch sites.

At Better Business Bureau:

bbb reviews

At Google My Business:

google reviews

At Trustlink:

trustlink reviews

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Augusta Precious Metals Services

Gold & Silver IRAs and Cash Purchases

Augusta Precious Metals offers gold and silver IRAs (self-directed accounts approved by the IRS) and gold and silver cash purchases (outside of an IRA). Each of the products has a purpose for different types of investors. Augusta has many years of experience helping retirement investors with all types of needs build a precious metals portfolio to help them offset potential losses through effective diversification.

Gold IRA Accounts Process

Augusta’s streamlined process for setting up and managing gold IRA accounts is a part of its special offerings (see more below in discussion of the company’s process). It uses an assembly line style of processing that makes everything easy and quick. Augusta personnel do 95% of the paperwork with you, which removes any worry of accuracy and compliance. During my extensive research into Augusta Precious Metals reviews I found that many customers had made a specific reference to that.

Order Desk

Augusta’s order desk provides detailed information about the most common gold and silver investment options to make your choices easier. In addition to providing common, time-tested gold and silver options, the company works with the Royal Canadian Mint to provide one-of-a-kind, purer coins to choose from.

In conjunction with their core services referred to above Augusta Precious Metals will help and guide you with:

Retirement Account Rollovers

In addition to the two types of accounts (IRA and Cash Purchase), Augusta will provide assistance with any kind of retirement account rollover.

Account Lifetime Support

Augusta makes a point to commit to full gold and silver customer service for the lifetime of your account, which means they are there to help with any interaction with your custodian and storage facility, as well as disbursements, building a legacy for your family, and buybacks – anything related to physical gold and silver.

What are Gold and Silver IRAs?

  • Gold and Silver IRAs (often referred to collectively as a Gold IRA) are Self Directed IRA accounts which make it possible for you to legitimately (in compliance with the IRS) diversify your retirement assets by including physical gold and silver in the same way that you would include, say, stocks or bonds in a traditional IRA.
  • You can transfer or rollover an existing retirement account into a gold or silver IRA without the need to change your existing annual contribution arrangements.

Why Choose a Gold or Silver IRA?

  • When you have a retirement savings account that includes gold and/or silver you could shield your total assets against market crashes and volatility and against the erosive consequences of inflation, any or all of which have the potential to diminish the savings that you worked so hard for.

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  • Gold and silver show a pattern of going up in value whenever markets fall and inflation rises. Hence, either or both of these precious metals are commonly used as a ‘hedge’. By including them as a percentage of your retirement savings you could balance them and reduce risks.
  • Over time gold and silver have always risen in value. They are most effective as long term investments and therefore are well suited to be included in your overall retirement holdings.
  • A gold or silver IRA gives you an opportunity to invest in these precious metals with no money down. Rather than having to dig into your pockets to find new funds you can divert existing funds that are sitting in your retirement fund(s), with no need to disrupt your cashflow.
  • A gold or silver IRA enables you to invest in gold and/or silver with tax benefits. The precious metals professionals at Augusta Precious Metals are fully conversant with these and can help you take advantage of them.

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Important Facts About Gold and Silver IRAs

  • Gold and Silver IRAs are governed by the same rules and regulations as other IRA accounts.
  • You are not limited to just precious metals in a Gold or Silver IRA. You have the option of also including traditional investments such as stocks and bonds and alternative assets such as real estate.
  • Once you turn 72 minimum distributions are required. If you take distributions before age 59.5 you may incur penalties.
  • An IRA custodian must manage your Gold or Silver IRA.
  • Your precious metals must be stored at an approved depository.

Note: Augusta Precious Metals pledge to all their customers account lifetime support with all these requirements and more, so you are in safe hands and not alone or exposed.

Gold Quote

Every American deserves to be able to protect their retirement savings – and gold and silver can help.

We support you every step of the way.

Gold and Silver are your financial insurance

– Isaac Nuriani, Augusta Precious Metals CEO

Augusta Precious Metals Gold IRA

The Process For Setting Up an Augusta Precious Metals Gold or Silver IRA Account

I was truly impressed with how easy Augusta Precious Metals make it for you to set up your gold or silver IRA account. They do this in a streamlined process that involves experts in all departments.

Step 1

First, the education department helps you learn about the economy and how gold and silver fit into it – and how Americans have used precious metals for eons to hold savings value and protect against economic stresses. The education department reveals economic information most financial advisors won’t share.

Step 2

They generate a host of articles, videos and other materials and tools to assist gold and silver investors, but in my opinion the crowning jewel of the company’s educational offerings is the free, one-on-one web conference designed by the company’s director of education, Devlyn Steele. He is a Harvard-trained economist who leads a team of experts on the economy and gold and silver.

Step 3

Each customer is assigned a personal customer success agent who guides you through all the steps of opening an account, funding it and choosing metals for your precious metals portfolio.

(Augusta’s IRA processing department does 95% of the paperwork with you to make the process simple and transparent. That really appealed to me, as although I am a highly experienced professional in this field, I still hate having to fill in loads of forms!).

Step 4

Once your account is funded, they introduce you to the Augusta order desk, where you’ll receive portfolio-building assistance from Augusta’s product expert.

Step 5

Finally, after you place your order, Augusta connects you with its confirmation department for a no-stress, official phone confirmation to finalize the order, so you can feel confident and sure of your purchase.

Notes

  • I wish to remind you that as is normal practice when opening any type of financial account, it will be necessary for you to disclose personal information such as your social security number.
  • Your new Augusta Precious Metals Gold IRA will be administered by their pre-selected custodians. They carefully selected gold and silver custodians following a comprehensive vetting process and have since worked with them for many years. You can access your custodian at any time if you choose or you can opt, as most customers do, to let Augusta liaise with them on your behalf.

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What Makes Augusta Precious Metals Unique?

what makes augusta precious metals unique
In my pursuit to provide valuable insights I am listing for you what I consider to be the main attributes that set Augusta Precious Metals apart from their competitors:

  • Transparency and Compliance: Augusta has been recognized more than any other gold IRA company for its transparency. In addition to being highly transparent with its prices, fees and agreements, Augusta has a robust compliance department with a neutral third-party administrator who was instrumental in designing the company’s systems and oversees its activities to ensure compliance with these systems. On its website, Augusta says, ‘When we can, we go further than the law to fulfil its spirit of protection’. The compliance team also includes outside counsel and a dedicated professional writer/editor. Personally, I consider all this to be extremely important in the age we live in.
  • Trust: The above also prompted Augusta to beef up its compliance program, which includes a number of ways that the company acts transparently so customers know exactly what they are buying. APM voluntarily opens itself to regular independent compliance audits. All of this has led to various awards, including being acknowledged for ‘Most Transparent Pricing’ by Investopedia.
  • ZERO Complaints: Amazingly, Augusta Precious Metals has had zero complaints EVER – even complaints that have been closed or resolved – with the BBB and BCA. This proved to me that the company not only has a great track record of customer service, but also that the Augusta team is genuinely adept in its management of the process of opening a gold IRA.
  • Highest Buyback Guarantee: This gives you the option to reclaim your investment whenever you desire, with the utmost confidence and peace of mind.
  • 100% Satisfaction Guarantee:  Should Augusta fail to meet your expectations, they make it effortless for you to explore alternative options. Should you choose to do so, you can transition to an alternative solution seamlessly, without any hassle or inconvenience.
  • 7-Day Money Back Guarantee: Should you find that Augusta’s services do not align with your needs or meet your expectations within the first week, they will promptly refund your investment, no questions asked.
  • Fees Waived: My extensive research led me to conclude that Augusta is the only company that pays up to 10 years of fees for qualified customers.
  • Extensive Education: Although a few other gold IRA companies provide helpful education to customers, Augusta Precious Metals backs up this claim with a robust series of blogs, video blogs, educational videos, online articles — and of course its unique free, one-on-one gold and silver web conference. The designer of the web conference material was specifically trained at the Harvard Business School in analytics that provide a unique resource for Augusta’s customers.
  • Account Lifetime Support: Another unique quality of this company is that it clearly states it provides ongoing service through the entire lifetime of your account. This instils confidence in Augusta, because it means the company intends to be just as attentive to customers after the sale as before the sale.
  • Gold IRA Specialists: Finally, Augusta Precious Metals has refrained from watering down its expertise and specialty in gold IRAs — it doesn’t do anything else (other than straightforward cash accounts for physical gold and silver). This means the company’s precious metals IRA knowledge and background not only can be assessed as the most robust in the industry, but the infrastructure it provides to support Augusta gold IRA customers may be as strong or stronger than any other. For customers, that indicates you may experience a less stressful process and feel greater confidence in purchases.

Augusta Precious Metals Fees

For the fee amounts please scroll down to the table below. Augusta will cover up to 10 years of custodian and storage fees on qualifying purchases (ask how many years you qualify for).

Some gold IRA companies charge scaled fees and others charge flat fees. There is an important difference between the two types, which I would like to bring to your attention:

Scaled fees are computed as a percentage of your fund’s value and therefore increase in line with the growth of your fund. Flat fees remain constant regardless of your retirement fund’s value. Flat fees are nearly always favourable as they work out to be less over time.

Augusta charges flat fees.

Augusta Precious Metals Fees Compared

In this table I have compared Augusta Precious Metals fees with those charged by other leading Gold IRA Companies.

Gold IRA Company Set Up Fees  

Admin Fees (annually)

 

Storage Fees (annually)

 

Fee Type

Augusta Precious Metals $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Advantage Gold $295 $175 $100 Flat
American Hartford Gold $50 $100 $150 for segregated
$100 for non-segregated
Flat
BGASC Not divulged Not divulged Not divulged Not divulged
Birch Gold Group $90 Not divulged $160 Flat
Blanchard & Company $25 $60-$250 (scaled) $100 (scaled) Scaled
Goldco $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Goldline $125 $60-$250 (scaled) $100 (scaled) Scaled
Rosland Capital $50 £225 Not divulged Flat

Augusta Precious Metals FAQ

During my analysis of Augusta Precious Metals I discovered a number of common questions being asked. I have listed and answered them below.

From the first time I ever contacted Augusta it became very apparent to me how transparent they are. When I initially cold called them Kevin in Customer Service answered all my questions, didn’t give me a sales pitch and didn’t demand a phone number or email address from me before providing all the information that I was requesting. This was a very different experience to when I had cold called various other Gold IRA Companies previously.

FAQ

  • How many years has Augusta Precious Metals been in business?

    12 years. It was formed by founder and CEO Isaac Nuriani in January 2012.

  • What assurances can I get that that Augusta Precious Metals isn’t a scam?

    • They have been voted ‘Best Overall Gold IRA Company’ in 2022 and 2023 by Money Magazine
    • CEO and Founder Isaac Nuriani is a member of both Ethics.net and ICTA (Industry Council for Tangible Assets)
    • Augusta has a dedicated compliance department with a neutral third-party administrator. Plus they voluntarily open themselves up to regular independent compliance audits
    • The Company has been acknowledged for ‘Most Transparent Pricing ‘ by Investopedia in 2022 and 2023
    • They have the highest possible ratings at Better Business Bureau and Business Consumer Alliance: A+ at BBB and AAA at BCA
  • Does Augusta Precious Metals offer a Money Back Guarantee?

    Yes. They offer a 7 Day ‘no questions asked’ Money Back Guarantee. Plus, in accordance with their ‘100% Satisfaction Guarantee’, if at any time you consider that the company is not aligned with your expectations or needs you have the freedom to investigate alternatives and to switch with no hassle or inconvenience.

  • Does Augusta Precious Metals offer a Buy Back option?

    Yes. They offer a ‘Highest Buyback Guarantee’, which means that you can reclaim your investment at any point.

  • Will I have easy access to my Augusta personal customer success agent?

    Yes. The customer success assigned to you is always accessible during business hours. Should they be assisting another customer when you call, they will call you back at the earliest opportunity. Alternatively, you can call Augusta’s customer engagement line.

  • Is it true that I get FREE GOLD when I open a Gold IRA?

    Yes. When you open an Augusta Precious Metals Gold IRA you can choose from 3 Gold Coins as a special welcome gift. Let me share with you some inside information here! You can choose from a stunning American Gold Eagle, Majestic Polar Bear, Canada or Gold Brittania.

  • What is the delivery time for my precious metals?

    Shipment will be 7 to 10 days from the time your order is placed and confirmed.

  • What are the minimum and maximum order amounts?

    The minimum is $50,000 for either IRA or cash purchases. There is no maximum.

  • What types of gold and silver can I invest in?

    Augusta Precious Metals offers a variety of products ranging from gold and silver bullion coins and bars to premium coins. The company will guide you on which types are eligible for an IRA.

  • Am I buying physical gold and silver?

    Yes. You are buying the physical metals, not a paper certificate.

  • Can I inspect the precious metals in my IRA?

    Yes. Your metals will be delivered to the depository you chose when you opened your account. You can contact the depository to arrange a visit.

  • Where are the depositories located?

    You can choose the private storage facility that is most conveniently located to you. Current locations are Springfield Gardens New York, Los Angeles California, Jackson Ohio, New Castle Delaware, Salt Lake City Utah and Wilmington Delaware.

  • Is it true that there are no management fees with an Augusta Precious Metals gold or silver IRA?

    Yes. It’s a self directed IRA, managed by you. You manage the precious metals within it so you make all the purchase and sales decisions (with guidance from Augusta if required). The only fees payable are modest ones for account set up and storage.

  • Will I receive free shipping and transit insurance of my metals?

    Yes. This applies to all your purchases.

  • Are my precious metals secure and insured at the depository?

    Yes. The storage fees you pay include insurance, typically a Lloyds of London all risk policy covering damage or physical loss. This is of course in addition to the major physical state of the art security that comes with vaulted storage. The facility preferred and recommended by Augusta is the Delaware Depository.

  • Can my current traditional IRA, Roth IRA, 401k, 403b or other retirement plan be rolled over into a gold IRA?

    Yes. Augusta Precious Metals will assist you to ensure that the rollover of your funds is a smooth and stress free process.

  • Can I include any type of precious metals in my gold IRA?

    No. IRS rules must be adhered to. The Augusta experts are completely on top of all the rules and regulations and would never allow you to purchase metals which are not IRS approved.

Augusta Precious Metals Pros and Cons

One thing I don’t like about Augusta Precious Metals is their high entry point for a gold IRA compared with most of their competitors. I consider that to be a shame because it means that some would-be customers are unable to take advantage of the excellent investment opportunity that they offer.

Their good points substantially outweigh the bad ones however, as I have demonstrated in the Pros and Cons list below.

Augusta Precious Metals Pros

Augusta Precious Metals Cons

Strictly Compliant – APM voluntarily opens itself up to regular independent compliance audits.

They have a $50,000 minimum, so it is best for those who have higher total savings

Voted ‘Best Overall Gold IRA Company’ in 2022 and 2023 by Money Magazine

You can’t add gold or silver you already own to your APM IRA

Voted ‘Most Transparent Pricing’ in 2022 and 2023 by Investopedia

No International Sales – U.S and Canada Only

ZERO BBB and BCA complaints since the company began in 2012

Highest possible ratings at BBB and BCA: A+ at BBB and AAA at BCA

Highest Buyback Guarantee

100% Satisfaction Guarantee

7 Day Money Back Guarantee

Free Gold Welcome Gift when you open a Gold IRA

Zero Gold IRA fees for up to 10 years – Everyone qualifies

On-staff Harvard-trained economist Devlyn Steele leads a unique, free one-on-one educational web conference

Endorsed by hall of fame quarterback Joe Montana, whose financial advisors found Augusta for him

Account lifetime support

Free transit insurance and shipping on all orders

Who Are Augusta Precious Metals Best Suited For?

  • For those who are just learning about precious metals, Augusta Precious metals provides robust, personalized educational materials, experiences and process guidance. The company is known for its streamlined, assembly-line-like process to make opening an account quick and easy.
  • For those already well-versed in precious metal investments, who know they want a gold or silver IRA, the depth of Augusta’s specialized experience can provide more complex insights into the economy and the use of physical gold and silver to protect retirement accounts.
  • For those nervous about investing in alternative assets like physical gold and silver, Augusta provides highly transparent, detailed information, and compliance assurances for customer confidence and trust – and ongoing customer service, even after the transaction is complete.
  • For those looking for the best deal, Augusta Precious Metals offers competitive prices and the industry’s best value-added services, such as payment of customer fees up to 10 years, free shipping and transit insurance, and free educational materials and consultations.

My Verdict: Should You Choose Augusta Precious Metals?

Yes, 100%. Whether you want to safeguard your retirement investments with a Gold IRA or invest in gold and silver directly, based on a combination of personal experience and extensive research my wholehearted recommendation is that…

Augusta are the ‘Go To’ Company.

My Rating
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My Rating

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My aim is to provide you with valuable insights and recommendations based on the experience and expertise that I have gained in over two decades of involvement in the precious metals industry. Having compared Augusta Precious Metals extensively with other leading Gold IRA Companies my overwhelming conclusion is that they have outshone the competition.

They tick all the boxes when it comes to their ratings, reputation, customer service, prices, transparency and the amount of happy customers that they have.

Recap: The Benefits of an Augusta Precious Metals Gold IRA

  • Tax Deferment: There is no loss of tax advantages when an existing IRA is rolled over. Once your Augusta Precious Metals Gold IRA is set up any gains are tax deferred until you either withdraw metals from your account or sell them.
  • Wealth Protection: Historically gold and silver have always acted as hedges against market turmoil and volatility, a depreciating US Dollar and rising inflation. As an example, during the crash of 2008 the stock market lost more than half of its value whereas gold increased in price by a quarter.
  • Diversification: Including precious metals as well as stocks and bonds in your retirement account gives it a well balanced diversification. In the event of a market crash or your other assets losing their value, gold and silver will give protection to the worth of your account.
  • Control Over Your Investments: Each individual investor has different criteria and goals. An Augusta Precious Metals Gold IRA is a self directed retirement account. This gives you a large degree of control and flexibility and allows you to makes choices such as which metals and which bars or coins to include, which depository to use and whether to take distributions in cash or physical metals. You can create your own customized account based on your personal circumstances and requirements.
  • Physical Assets: Over exposure to typical paper securities brings with it inherent risk. Paper assets are only as secure as the systems supporting them. The value of stocks and currencies can plummet overnight. Physical precious metals are assets which hold their intrinsic value irrespective of external events, hence their safe haven recognition.
  • Easy To Set Up and Maintain: Your Augusta Precious Metals Gold IRA can be set up simply and quickly. The Company’s precious metals and retirement fund specialists are there to answer your questions, help you with the paperwork and assist you throughout the entire process. They offer all their customers lifetime support with account maintenance.
  • Excellent Customer Service: Your Augusta Precious Metals account is backed up with first class support and service. APM have made compliancy and transparency an integral part of their business. They are the only Gold IRA Company that has ZERO BBB and BCA complaints ever.
  • It’s Not Too Late To Diversify Your Retirement: Don’t let the current rampant inflation and uncertainties caused by geo-political tensions wreck your retirement dreams. Too many folks have been taught a harsh lesson by putting their faith entirely in stocks and bonds.

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How To Speak With an Augusta Precious Metals Representative

  • To tap into Augusta’s helpful materials and expertise, just go to their website and click on ‘Get Started’. Then simply fill out the form to ask them to send you their FREE GOLD IRA GUIDES – a packet of useful information you can study to get started. One of their Gold IRA specialists will then call you during business hours to verify your address and answer all your questions.
  • You can also call Augusta at 855-386-4202.
  • When you speak with an Augusta agent, I strongly recommend that you ask about the unique, free, one-on-one web conference with their education department. The web conference is an awesome place to start, because you can ask questions personally of these experts.

P.S. Augusta Precious Metals has made a solid commitment to transparency, so I recommend that you don’t be shy about asking ANYTHING related to gold and silver (and precious metals in general).

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

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By Doug Young

Gold Backed IRA

One of the aftermaths of the 2008 financial crash was that a lot of consumers in the United States faced the stark realization that the value of their pension funds had diminished considerably. Most were at a loss to know what to do and whether there was any remedial action that they could take.

In more recent times the alarming, increasing National Debt, the damage that the unforeseen pandemic did to the economy, the rise in inflation and interest rates, and the surge in geo-political tensions have made investors realize that they cannot take anything for granted anymore.

Throughout my many years of experience in the financial and precious metals fields I have consistently found that Investment brokers and IRA custodians have traditionally insisted that index linked funds are the safest forms of investment. Nowadays however I am seeing more and more evidence that regular people have discovered that this is not always the case.

It might be okay for commissioned brokers to take a traditional approach, but the average person needs his or her retirement plan to keep pace with inflation if they are going to make ends meet throughout their twilight years and enjoy the quality of life that they were anticipating.

This is where the idea of a Gold backed IRA has came into play.

Between 1933 and the mid-1970s gold could not be purchased by regular citizens as a form of investment. Two decades after this confiscation was lifted gold also became eligible as an IRA investment, even though few people were aware of this at the time. Thanks to the internet and many TV and radio commercials that has all changed. The news is everywhere these days that just about anyone can hold a gold backed IRA.

Everyday folk now know that owning gold can be a way of hedging and protecting their investments against inflation. While backing an IRA with gold entirely is not advisable, gold could be – and many experts now recommend that it should be – an important part of your investment portfolio.

In this scenario you buy real, physical gold which is retained in an IRS approved depository until you sell it and take your distribution. This gold is owned by you but you cannot touch it until taking your pension. Early withdrawals are subject to tax penalties.

Americans Searching For ‘Ways To Buy Gold’ is at an All Time High According to Google Trends! Here’s Why…

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A Gold Backed IRA Enables You To Invest In Gold With No Money Down!

I regularly point out to ordinary, individual investors that one big advantage of a gold backed IRA is that it enables you to invest in gold even if you don’t have any surplus cash available. As long as you have an existing retirement fund you can use some or all of that to buy gold or other precious metals.

This is the way that many Americans have been able to add gold to their investment portfolios without having any out of pocket expense. They have been able to use funds that were otherwise locked away and unavailable to them and which in a lot of cases were performing poorly and not as well as they had anticipated.

The Benefits of a Self Directed IRA

One of the challenges that frustrates me immensely is that many IRA custodians will not work with clients who want to invest in non-traditional products, and gold falls into this category. If this is your experience and you still want to back your retirement with gold or other precious metals, the solution is to open a Self Directed IRA.

In this case your custodian is still there to report to the IRS, but you as the account holder are at liberty to decide what to buy. You can hold multiple IRA accounts as long as your contributions to all of them combined does not exceed the maximum annual allowance overall.

What Can Americans Put into Their Gold Backed IRAs?

A gold backed IRA is not limited to just gold as it can also contain other precious metals, namely silver, palladium, and platinum. There are restrictions, however, as to the forms that these items can take. Only 7 gold, 6 silver, 5 platinum, and 1 palladium products are eligible to comply with IRS regulations.

Those items include but are not limited to gold, platinum and silver American Eagles, gold, platinum, and silver Canadian Maple Leafs, Credit Suisse and Pamp Suisse gold bars, and the Silver Mexican Libertad. The reason for the restrictions is that gold coins and bars produced in some countries and in certain forms are not considered to be pure enough.

Other precious metals such as rare coins can be useful investments, but cannot be included as part of an IRA. They would be eligible for personal investments, they can be stored in a safe at home or a bank deposit box, and they are not subject to IRS reporting. Numismatic coins tend to be more appealing to someone who wants to be able to take immediate possession of his precious metals whenever he pleases.

Can a Gold Backed IRA Contain More Than Just Physical Precious Metals?

This is a question that I get asked a lot. The answer is Yes! Not only the physical metals themselves, but other precious metals related items can become part of a (Self Directed) gold backed IRA. These include shares in companies that mine for these metals and gold ETFs. Ironically, such investments can often rise and fall in opposition to actual precious metals.

There is also a host of items that can be included which traditional investors never normally consider such as livestock, certain real estate investments, and a number of different funds. They tend to be products off the beaten path.

You can also include your traditional types of investments in a gold backed IRA. So, as you can see the main difference between a Gold Backed IRA and a traditional Self Directed IRA is that you can include physical metals in it.

How to Open a Gold Backed IRA

I have found that a customer approaching a Gold backed IRA Company is normally in one of three situations:

  • He has already got a retirement plan but he wants to switch to an IRA
  • His IRA is not backed by gold and he wants to transfer
  • He has never opened an IRA before

For the person with a 401k or some other employment related account from a previous job, all he or she has to do is conduct a rollover. This entails cashing in the 401k and immediately using those funds to open a gold backed IRA with a custodian.

As long as this is done within 2 months (which is easily achievable – setting up a custodian, buying gold, having it deposited in an approved facility), there are no penalties from the IRS. Retirement funds are tax-deferred until you start to receive payouts and if you fail to meet the deadlines the IRS will think you are taking your distribution early.

In the next situation one IRA custodian will hand the reins over to a new custodian. These two professionals make arrangements; stocks, shares, or funds are sold to release money for the Gold IRA, and the new fund is set up. Again, there are no penalties.

The third situation is easy. Americans only have to research potential Gold IRA companies; trustees as they are often known.

In all three cases there is a set-up fee, but it is not astronomical. Custodians then take an annual fee in return for reporting to the IRS and any other services the customer requires (additional reporting, for example).

It is very important to understand the relevance of how different precious metals companies set their fees. If you don’t you could end up paying thousands of dollars more than you need to over time. I have explained more about that here: More information.

It is not necessary to move all monies into gold or to transfer all monies out of existing accounts.

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Why are people choosing gold and other precious metals to back their retirement funds? For one thing, history shows that gold is stable when other markets and the US dollar are weak. This is the case universally, worldwide. Gold is not just useful to Americans alone as it is internationally recognized for its rarity and beauty.

If the dollar crashes, gold is still money. Then again, if the value of precious metals goes down, that is normally because the economy is recovering. Precious metals are best treated as a means of balancing or hedging an investment portfolio, not dominating it.

I have written about this in much more detail here: Why Invest In Gold?

Assessing Precious Metals IRA Companies

If you decide that investing IRA funds in gold is wise, you must then choose a company to work with. I have provided elsewhere on this site the following tips and information to assist you with your research and due diligence:

The Leading Gold IRA Companies Compared Side-By-Side

The Role of Gold and Precious Metals Traders

Some firms specialize in helping consumers arrange a Gold backed IRA. They sell the gold, but they are not custodians of it when their customers make a transaction. Associates within the firm will therefore suggest a company or companies that administer gold backed IRAs and other alternative investments. Once arrangements have been made for the customer’s previous custodian to hand over their account to the new custodian, the customer buys gold from the trader who then corresponds with the new custodian.

The advantage with this arrangement is that two organizations work together to do a lot of the work on the client’s behalf.

The Role of Precious Metals IRA Custodians

Clients open IRA funds with the help of a custodian. This is a legal requirement since consumers cannot administer their own pension funds. There are many regulations, particularly reporting to the IRS, which IRA custodians handle from their end.

A Gold backed IRA custodian is the same as any other custodian except for one thing: he is willing to take custody of an IRA backed by non-traditional funds. He does not sell precious metals but works with customers who prefer to invest in niche funds and stocks rather than selecting mainstream investments. Gold is considered to be an alternative investment.

Should I Work With a Gold IRA Company or a Custodian?

My 3 Best Gold IRA Companies

Gold IRA Company My Rating Best For Find Out More
Best Overall ZERO BBB and BCA Complaints Ever Website
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#2 High Percentage of Satisfied Customers Website
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#3 Best Gold IRA Newcomer Website
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My Top Recommended Gold IRA Company in

I recommend Augusta Precious Metals because they are a ‘One Stop Shop’. They are a Gold Dealing Company who have a dedicated department for precious metals IRAs, staffed with experts who understand the precious metals market, retirement funds and all the associated IRS procedures and tax benefits.

They are a well established organization with an excellent reputation for first class customer service, excellent independent ratings and their staff will handle the entire gold backed IRA set up, rollover or transfer process on your behalf.

They are the only gold IRA company that have never received a single complaint ever at the Better Business Bureau (BBB) and Business Consumer Alliance (BCA).

>> What Makes Augusta Precious Metals Stand Out?

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Key Takeaways

  • Rolling over a 401k into a Gold IRA can protect your retirement savings from economic volatility.
  • You must check if your current 401k plan allows for a rollover to a Gold IRA and be aware of the timing.
  • Selecting a trustworthy Gold IRA Company is crucial for a smooth and compliant rollover process.
  • Understanding the difference between direct and indirect rollovers will help you avoid tax penalties.
  • Knowing the IRS rules on eligible gold investments and the storage requirements is essential for your Gold IRA.

Why Consider a 401k to Gold IRA Rollover?

Imagine having a safety net for your retirement savings that stands strong even when the economy doesn’t. That’s what a Gold IRA can offer. It’s like having an insurance policy for your future, but instead of paying premiums, you’re investing in gold. And here’s why it’s a smart move: gold is known for its staying power. While paper currencies can lose value over time due to inflation or economic downturns, gold has historically held its value. It’s a tangible asset that can act as a hedge against inflation and economic uncertainty.

But why roll over from a 401k to a Gold IRA specifically? Well, most 401k plans are limited in their investment options, focusing mainly on stocks, bonds, and mutual funds. These are tied closely to the market’s performance. On the flip side, a Gold IRA allows you to diversify your retirement portfolio with physical gold, which can be more stable during market fluctuations. This diversification is key to minimizing risk and ensuring that your retirement nest egg is well-protected.

Securing Your Retirement Against Economic Uncertainty

Think of the last time the stock market took a dive. Remember the sense of panic and helplessness many felt as they watched their retirement accounts lose value? By diversifying with gold, you’re not putting all your eggs in one basket. Gold’s unique quality of often increasing in value when other investments decline makes it an attractive option for balancing your retirement portfolio.

Gold’s Role in Diversifying Your Investment Portfolio

diversifying with gold

Diversification isn’t just a buzzword; it’s a strategy. By including gold in your retirement portfolio, you’re adding a layer of protection against the ups and downs of the stock market. Gold has a history of moving independently of stocks and bonds, which means when they go down, gold doesn’t necessarily follow. This can provide peace of mind for those looking to maintain their retirement savings’ value over the long term.

Eligibility: Can You Roll Your 401k to a Gold IRA?

Before you get too excited about the prospect of adding some shine to your retirement savings, you need to figure out if you’re eligible to make a rollover. Not all 401k plans are created equal, and some may have restrictions on rollovers. The first step is to talk to your 401k plan administrator and ask if your plan allows for a rollover to a Gold IRA. They’ll provide you with the necessary information and tell you if there are any fees or penalties involved.

Understanding Your 401k Plan’s Rollover Rules

Each 401k plan has its own set of rules. Some might allow you to roll over your funds while you’re still employed, while others may only permit it after you’ve left your job or reached a certain age. It’s essential to understand these rules so you can plan your rollover without any hitches. If your plan does allow for a rollover, you’ll need to decide whether to move all or just a portion of your funds into a Gold IRA.

When Can You Make the Move? Timing Your Rollover

Timing is everything. You can typically initiate a rollover when you leave your job, retire, or reach the age of 59½, which is when you can start making withdrawals without penalties. However, some plans allow for an in-service rollover, which means you can transfer funds while still employed. This is something you’ll want to verify with your plan administrator.

Comparing Gold IRA Providers: A Checklist

Choosing the right Gold IRA provider is like finding a good mechanic – you want someone reliable, experienced, and transparent. Here’s a quick checklist to guide you through selecting the best partner for your Gold IRA rollover:

  • Reputation: Look for companies with positive reviews and a strong track record.
  • Fees: Understand all the fees involved, including setup, annual, and storage fees.
  • Customer Service: Ensure they offer excellent customer support.
  • Selection: Check if they provide a variety of gold products that meet IRS standards.
  • Storage: Confirm they have secure storage options.
  • Buyback Policy: Find out if they offer a buyback program and understand the terms.

Take your time comparing different providers. This isn’t a decision you want to rush. After all, they will be handling a significant portion of your retirement savings.

Let’s say you’re comparing two providers: Company A has slightly higher fees but outstanding customer service and a robust buyback program. Company B has lower fees but less responsive customer support. In this case, you might lean towards Company A, valuing the peace of mind that comes with accessible help and a guaranteed buyback option.

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The Rollover Process Explained

The rollover process might seem complex, but it’s quite straightforward when you break it down. Think of it as moving from one house to another. You want to ensure all your belongings (in this case, your retirement funds) make it safely to the new location without any loss.

Step-by-Step: Transferring Your Funds the Right Way

First, you’ll need to open a new Gold IRA account with your chosen Gold IRA Company. They will assist you in appointing a custodian and liaise with them on your behalf. Once that’s set up, you’ll initiate the rollover. If you’re going with a direct rollover, your current 401k provider will transfer the funds directly to your new Gold IRA custodian. For an indirect rollover, they’ll send you a check for the balance, which you’ll then deposit into your Gold IRA within 60 days to avoid taxes and penalties.

Remember, you’re the one in charge here. You’ll need to instruct your 401k provider on how to proceed with the transfer. Be specific about the amount you want to roll over and which method you prefer.

After the transfer, you’ll select the gold products you want to include in your IRA. Your custodian can guide you on the types of gold that are IRS-approved for IRAs. Once you’ve made your selection, your custodian will purchase the gold on your behalf and arrange for its secure storage.

Direct vs. Indirect Rollovers: Which Method Works for You?

Most folks prefer a direct rollover because it’s simpler and there’s less risk of incurring taxes and penalties. With a direct rollover, the money moves from your 401k directly to your Gold IRA without you touching it. It’s a smooth, hands-off process.

An indirect rollover, on the other hand, is a bit like playing hot potato with your retirement funds. You receive the funds from your 401k and then have to deposit them into your Gold IRA within 60 days. Miss that window, and you could face taxes and early distribution penalties.

Safeguarding Your Investment

Once your gold is in your IRA, it’s not just tucked under a mattress. It’s stored in a secure, IRS-approved depository that specializes in safeguarding precious metals. This way, your investment is physically safe and also protected within the guidelines set by the IRS.

IRS-Approved Gold: Ensuring Your Investment Qualifies

The IRS has specific requirements for the gold in your IRA. It must be 99.5% pure and come in the form of bars or coins that meet their standards. Not all gold products are eligible, so you’ll want to stick to the list of approved items to keep your IRA in good standing.

For example, you can’t just throw any old gold coin into your IRA. The American Gold Eagle, however, is one of the approved coins that’s eligible for inclusion in your Gold IRA.

Storage and Security: Where Your Gold IRA Will Reside

Your gold needs a safe home, and that’s where secure storage facilities come in. These are not your average safes or vaults; they are highly protected environments, often with round-the-clock security, designed to keep your precious metals safe from theft or damage.

Understanding the Tax Implications

One of the biggest perks of a Gold IRA rollover is that it can be done without tax consequences if executed correctly. However, there are rules you need to follow to ensure this tax-free transition.

Ensuring a Tax-Free Transition: Tips and Tricks

To avoid taxes and penalties, opt for a direct rollover. This way, the funds move seamlessly from your 401k to your Gold IRA without being considered a distribution. If you choose an indirect rollover, you must deposit the funds into your new IRA within 60 days. Otherwise, the IRS will treat it as a withdrawal, which could lead to a taxable event and potential penalties if you’re under the age of 59½.

Let’s say you receive a $50,000 check from your 401k provider for an indirect rollover. If you don’t deposit that check into your Gold IRA within 60 days, that money could be taxed as income, and if you’re under 59½, you could also be hit with a 10% early withdrawal penalty.

Anticipating Future Taxes: What to Expect

While the rollover process itself can be tax-free, it’s important to remember that with a traditional IRA, you’ll pay taxes when you make withdrawals in retirement. The idea is that you’re likely to be in a lower tax bracket at that time, so you’ll save on taxes in the long run.

It’s also worth noting that required minimum distributions (RMDs) come into play at age 72, so you’ll need to plan for those eventual withdrawals. The amount of your RMDs will be based on the total value of your retirement accounts and your life expectancy.

Frequently Asked Questions

Now that we’ve covered the nuts and bolts of a 401k to Gold IRA rollover, let’s tackle some common questions you might have.

  • How long does the rollover process take?
  • Can I roll over my 401k to a Gold IRA if I’m still employed?
  • Are there any penalties for a 401k to Gold IRA rollover?
  • How do I know if my gold investments are IRS-approved?
  • What are the annual fees typically associated with a Gold IRA?

How Long Does the Rollover Process Take?

The timeline for a rollover can vary, but generally, you can expect it to take anywhere from a few days to several weeks. The speed will depend on how quickly your current 401k provider processes the transfer and how fast your new Gold IRA Company can set up your account and purchase your gold investments.

Can I Roll Over My 401k to Gold IRA If I’m Still Employed?

Whether you can roll over your 401k while still employed depends on your 401k plan’s rules. Some plans allow for what’s called an “in-service rollover,” which enables you to move funds to an IRA while still working for your employer. Check with your plan administrator to see if this is an option for you.

Are There Any Penalties for a 401k to Gold IRA Rollover?

If you follow the rules for a direct rollover, there should be no penalties. However, with an indirect rollover, failing to deposit the funds into your new Gold IRA within 60 days can result in income taxes on the distribution and a 10% early withdrawal penalty if you’re under 59½.

How Do I Know If My Gold Investments Are IRS-Approved?

An experienced and trustworthy Gold IRA Company such as Augusta Precious Metals will be able to confirm that the gold products you’re investing in are IRS-approved. Generally, the IRS requires gold to be 99.5% pure and in the form of bullion coins or bars that meet certain fineness standards. Popular options include the American Gold Eagle and the Canadian Gold Maple Leaf coins.

What Are the Annual Fees Typically Associated With a Gold IRA?

Annual fees for a Gold IRA can vary based on the custodian and the amount of gold you have. You might see a combination of flat fees and scaled fees based on the value of your account. Here’s a rough breakdown:

  • Setup fees: $50-$150 (one-time)
  • Annual administrative/account fees: $75-$300
  • Storage fees: $100-$300 or a percentage of the account value

It’s important to factor these costs into your decision-making process as they can impact the overall profitability of your Gold IRA investment.

Note: You may also find my article on choosing the best gold IRAs helpful, if you haven’t set one up yet.

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Investing in a Gold IRA can be a brilliant move for your retirement portfolio, but it’s not a ‘set it and forget it’ kind of deal. You need to keep a close eye on it to ensure it’s doing what it’s supposed to do—grow and safeguard your nest egg. Here’s how you can stay informed and keep your golden investment shining bright.

Key Takeaways

  • Gold IRAs require active monitoring to maximize returns and mitigate risks.
  • Online dashboards, mobile apps, and price alerts are essential tools for tracking your investment.
  • Regular reviews and rebalancing can help align your Gold IRA with your retirement goals.
  • Understanding market trends and consulting with experts can inform better investment decisions.
  • Proactive strategies and smart tools are key to staying ahead in the dynamic gold market.

Maximize Your Gold IRA Performance with Effective Monitoring

When you’ve got a Gold IRA, you’re playing a different game than with stocks and bonds—it’s a physical asset with its own set of rules. To make sure your investment isn’t just sitting there collecting dust, you need to be on the ball, monitoring its performance and making moves when necessary.

Understanding Gold IRAs and Your Investment

A Gold IRA is a self-directed individual retirement account that holds physical gold as its asset. Unlike traditional IRAs, which are often limited to stocks and bonds, a Gold IRA offers the unique benefit of holding a tangible asset that historically holds its value well in times of economic uncertainty.

But owning physical gold means you have to be even more vigilant. The price of gold can swing based on a range of factors, from global economic health to currency values. That’s why keeping tabs on your investment is crucial.

Key Tools for Tracking Gold IRA Values

monitoring gold ira

So, how do you keep an eye on your golden egg? Here are some tools that can help:

  • Online Dashboards: Many Gold IRA Companies provide online platforms where you can check the current value of your gold holdings. These dashboards are updated with real-time prices and often include historical data for context.
  • Mobile Apps: For investors on the move, mobile apps can send push notifications about significant market changes or when the price hits certain thresholds.
  • Gold Price Alerts: Setting up price alerts through financial news sites or your Gold IRA Company can help you act quickly if the market moves.

These tools can help you stay informed, but remember, the key to successful monitoring is consistency. Checking in regularly and understanding the context of price changes is what will truly make a difference to your investment strategy.

Foundational Aspects of Gold IRA Investments

Before we dive into the nitty-gritty of monitoring strategies, let’s make sure we’re clear on the basics.

What is a Gold IRA?

A Gold IRA, as mentioned, allows you to invest in physical gold as part of your retirement strategy. This can be in the form of coins, bars, or bullion. It’s a form of a self-directed IRA, which means you have more control over your investment choices compared to a traditional IRA.

The Benefits of Adding Gold to Your Retirement Portfolio

benefits of gold

Gold is often seen as a safe haven asset, meaning it can provide stability in times of market volatility. Here are some of the benefits:

  • It can act as a hedge against inflation and currency devaluation.
  • Gold has an inverse relationship with the stock market, providing balance to your portfolio.
  • It has intrinsic value and has been a form of currency and store of value for thousands of years.

But these benefits only pay off if you’re proactive about monitoring and managing your Gold IRA.

Why Monitoring Your Gold IRA Matters

Let’s get real—gold prices fluctuate. And since your retirement is on the line, you can’t afford to be in the dark about these changes.

By staying on top of your Gold IRA, you can:

  • Make informed decisions about when to buy more gold or perhaps diversify with other precious metals.
  • Understand when it might be a good time to sell, especially if you’re nearing retirement and need to start withdrawing assets.
  • Keep your retirement goals on track by ensuring your investments align with your risk tolerance and timeline.

Now, let’s look at how you can stay ahead of market changes and use monitoring tools to your advantage.

Staying Ahead of Market Changes

First off, you need to understand that the gold market doesn’t sleep. It’s global, and it’s always moving. This means you need to have your finger on the pulse. Whether it’s geopolitical tensions, changes in mining supply, or shifts in central bank policies, all these factors can affect gold prices.

So, what’s the game plan? Set up those price alerts we talked about earlier. They’ll let you know when there’s movement in the market, so you can check in and see what’s up. Besides that, make it a habit to read up on financial news and analysis that can give you a heads-up on trends that might impact gold.

Remember, staying informed is your best defense against market surprises. And when you’re informed, you’re in a much better position to make smart decisions for your retirement.

Enhancing Long-Term Investment Strategies

It’s not just about the day-to-day. Monitoring your Gold IRA also helps in refining your long-term investment strategies. By understanding the ebb and flow of the market, you can position your portfolio to benefit from long-term trends and avoid knee-jerk reactions to short-term fluctuations.

Choosing the Right Tools for Gold IRA Monitoring

The market for gold is vast and can be complex. But with the right tools, you can navigate it with confidence. Here’s how you can keep a vigilant watch over your Gold IRA.

One of the first steps in effective monitoring is choosing a reliable Gold IRA Company. They should offer robust online tools that provide not only real-time pricing but also historical performance data. This can help you spot trends and make more informed decisions.

Throughout the duration of your account, Augusta Precious Metals offers support to make sure you always have the help and direction you require.

Comprehensive Online Dashboards

Online dashboards are a central hub for your Gold IRA information. They should give you a clear, real-time snapshot of your gold’s value, plus in-depth details on your holdings. This includes weight, purity, and even the specific types of gold in your account. Look for dashboards that are user-friendly and offer customizable views so you can see the information that’s most important to you.

Mobile Apps for On-the-Go Tracking

Life is mobile, and so is investment tracking. Mobile apps allow you to check your Gold IRA’s performance wherever you are. They can provide notifications on market changes and let you manage your account directly from your phone. This convenience means you’re always just a few taps away from your investment’s status.

Reliable Gold Price Indexes and Alerts

Knowing the current price of gold is fundamental to managing your IRA. Use reliable gold price indexes, like the London Bullion Market Association (LBMA), to track prices. Setting up alerts for price thresholds can also help you act quickly on buying or selling opportunities.

Adopting Proactive Monitoring Strategies

Being proactive is key. It’s not enough to just have the tools; you need to use them effectively. That means setting aside regular times to check in on your investment and staying educated about the gold market.

But remember, the goal isn’t to react to every little blip in the market. Instead, it’s about having a clear, up-to-date understanding of your investment’s performance so you can make strategic decisions based on your financial goals.

Setting Realistic Investment Goals

Before you start monitoring, know what you’re monitoring for. Set realistic investment goals based on your retirement timeline, risk tolerance, and financial situation. These goals will guide your monitoring strategy and help you make decisions that are right for you.

Making Informed Decisions with Regular Reporting

Regular reporting is essential. Whether it’s monthly, quarterly, or annually, consistent reports can give you a detailed look at your Gold IRA’s performance. This can help you spot trends, assess how your investment is doing relative to your goals, and decide if it’s time to adjust your strategy.

Consulting with Gold Investment Experts

Sometimes you need a second opinion, and that’s where gold investment experts come in. They can provide insights and advice tailored to your specific situation. Whether it’s a question about market trends or the best types of gold to invest in, they can help you navigate the complexities of gold investing.

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Remember, effective monitoring of your Gold IRA is a mix of having the right tools, being proactive, and staying educated. It’s this combination that will empower you to make the best decisions for your golden years.

Adjusting Your Approach Based on Performance Insights

As you monitor your Gold IRA, you might notice trends or changes in your investment’s performance. This is where you need to be nimble and ready to adjust your approach. If you see consistent growth, it might be a sign to keep your strategy steady. However, if there are dips or stagnation, it could be time to consider diversifying your holdings or reassessing your investment goals.

Interpreting Data and Trends

Interpreting data isn’t just about looking at numbers—it’s about understanding what they mean for your investment. Is the change in gold price due to a temporary market fluctuation or a sign of a longer-term trend? By putting data into context, you can make more strategic decisions about your Gold IRA.

Redistributing Assets and Rebalancing Your Portfolio

Rebalancing is a crucial part of maintaining a healthy investment portfolio. If one asset class, like gold, becomes too large a portion of your portfolio due to price increases, it might be time to sell some of it off to reinvest in other areas. This helps maintain the level of risk you’re comfortable with and keeps your retirement plan on track.

FAQ

How Often Should I Check My Gold IRA Performance?

You don’t need to check your Gold IRA every day, but you should have a regular schedule. Monthly or quarterly reviews are typically sufficient to stay informed without becoming obsessive. The key is to make these check-ins habitual and part of your overall investment strategy.

Example: Sarah checks her Gold IRA performance every first Monday of the month. This regular routine helps her stay informed and make adjustments as needed without reacting to daily market noise.

What Are the Best Practices for Setting Alerts on a Gold IRA?

Setting alerts for your Gold IRA can be a smart way to stay informed without constant monitoring. Here are some best practices:

  • Set alerts for significant price movements, both up and down.
  • Choose reliable sources for your alerts, such as your Gold IRA Company’s platform or reputable financial news outlets.
  • Use alerts as prompts for further investigation, not as triggers for immediate action.

Example: Mark has set up alerts to notify him when the price of gold moves by more than 3% in a week. This helps him identify important trends without daily price watching.

Can I Use Gold IRA Tools to Predict Future Performance?

While no tool can predict the future with certainty, using historical data and current market trends can help you make educated guesses about future performance. Remember, past performance is not indicative of future results, so use these tools as part of a broader strategy rather than a crystal ball.

What Should I Do If My Gold IRA Underperforms?

If your Gold IRA is underperforming, it’s important not to panic. Review your investment goals and consider if it’s a temporary dip or part of a larger trend. Consult with a financial advisor specialized in precious metals to help you understand your options and adjust your strategy if necessary.

How Do I Choose a Credible Expert for Gold IRA Advice?

Choosing a credible expert for Gold IRA advice is critical. Look for professionals with a strong track record in the precious metals market, verified credentials, and positive client testimonials. A trustworthy expert should be transparent about their fees and provide unbiased advice that’s in your best interest.

My 3 Best Gold IRA Companies

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About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

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By Doug Young

Key Takeaways

  • Gold IRA companies assist in setting up and managing your Gold IRA, whereas custodians are responsible for the safekeeping of your physical gold assets.
  • Choosing the right Gold IRA company is crucial as they guide you through the process, from selecting a custodian to purchasing your gold.
  • Custodians ensure that your Gold IRA complies with IRS regulations and provide secure storage for your gold investments.
  • Understanding fee structures and avoiding hidden charges are essential to maximize your investment in a Gold IRA.
  • Regularly reviewing your Gold IRA holdings with your chosen company and custodian is key to maintaining a balanced investment portfolio.

Choosing the Right Partner for Your Gold IRA Journey

When it comes to safeguarding your retirement savings, the allure of gold can hardly be overstated. Its historical stability and potential to hedge against inflation make it a sought-after choice for diversifying retirement portfolios. But, when you decide to embark on the journey of adding gold to your Individual Retirement Account (IRA), you’ll encounter two critical players: Gold IRA companies and Gold IRA custodians. It’s vital to understand their distinct roles to navigate this path with confidence.

Gold IRA Companies: Your Guide in the Precious Metals Path

Imagine you’re setting out on a trek in unfamiliar terrain. You’d likely want a guide who knows the landscape, the best routes to take, and how to handle potential challenges. That’s what a Gold IRA company does for you. They’re your knowledgeable guide, helping you chart a course through the complexities of investing in gold within an IRA structure. They assist with the paperwork, educate you on the ins and outs of gold investment, and ultimately, help you make informed decisions to reach your retirement goals.

Gold IRA Custodians: Safeguarding Your Golden Nest Egg

Once you’ve acquired your precious metals, you need a secure place to store them. That’s where Gold IRA custodians come into play. They’re like the guardians of a vault, ensuring your gold is safely stored and fully insured. But their role isn’t just about security; they also ensure that your Gold IRA operates within the strict rules set by the IRS. This includes keeping detailed records and reporting to both you and the government as required.

The Essential Role of Gold IRA Companies

Gold IRA companies serve as the bridge between you and the sometimes complex world of precious metals investing. They don’t just sell you gold; they provide a comprehensive service that includes education, purchasing assistance, and the coordination with custodians to secure and insure your investment.

Here’s what you can expect from a top-notch Gold IRA company:

  • Education: They’ll explain the benefits and risks associated with gold investing.
  • Selection: They’ll help you choose the right gold products for your IRA.
  • Coordination: They’ll handle the logistics of transferring funds and purchasing gold.

But remember, not all companies are created equal. It’s crucial to do your due diligence and select a company that has a solid track record, transparent pricing, and exceptional customer service.

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Identifying Your Investment Needs

Before you even start looking at Gold IRA companies, take a moment to assess your investment goals. Why are you considering gold? Is it for diversification, potential growth, or as a hedge against economic uncertainty? Understanding your own objectives will help you choose a company that aligns with your investment philosophy.

Facilitating the Setup of Your Gold IRA

Once you’ve chosen a Gold IRA company, they will guide you through the setup process. This typically involves:

  • Filling out an application to create a self-directed IRA account.
  • Selecting a custodian who will hold and safeguard your physical gold.
  • Rolling over funds from your existing retirement accounts into your new Gold IRA.

Throughout this process, your Gold IRA company should be readily available to answer questions and provide support. Their expertise is what makes the setup seamless and stress-free.

Connecting You with Trusted Gold IRA Custodians

Choosing the right custodian is as important as selecting the right Gold IRA company. Your company should have established relationships with reputable custodians and help you choose one that best suits your needs. This includes considering factors like custodian fees, security measures, and customer service.

With suitable partners by your side, your journey into gold investing will be both rewarding and secure. Let’s take a deeper dive into the specific responsibilities of Gold IRA custodians, to understand why they’re such a vital component of your investment strategy.

Managing Storage and Insurance of Physical Gold Assets

Now, let’s talk about one of the key responsibilities of a Gold IRA custodian: managing the storage and insurance of your gold. These custodians partner with secure depositories to store your gold safely. It’s like putting your gold in a super-secure vault, guarded day and night. But it’s not just about locking it away; they also make sure your investment is insured against loss or damage. This way, your gold is protected, and you can sleep soundly knowing your assets are in safe hands.

Handling Paperwork and Financial Transactions

When you invest in a Gold IRA, there’s a fair bit of paperwork involved. Your custodian takes care of all that. They handle the purchase receipts, storage records, and all the details that come with buying and storing physical gold. They also manage the financial transactions, ensuring that when you buy or sell gold, everything is recorded accurately and legally. This meticulous record-keeping is crucial for when tax time rolls around or if you ever get audited.

Decoding the Costs: Gold IRA Companies and Custodians

Understanding the costs associated with Gold IRAs is essential. Both Gold IRA companies and custodians have fees for their services. These fees can vary widely, so it’s important to ask for a clear breakdown. You’ll want to know exactly what you’re paying for, whether it’s the initial setup fee, annual storage and insurance costs, or transaction fees. Being clear on costs from the start will help you avoid any unpleasant surprises down the line.

Understanding the Fee Structures

Gold IRA companies typically charge a one-time setup fee for opening your account. This fee can range from a modest amount to several hundred dollars. After that, you’ll likely pay annual fees that cover account maintenance and storage costs. These fees can also vary, but you might expect to pay somewhere between $100 to $300 per year. Remember, these fees are for the service of keeping your investment secure and compliant with IRS regulations.

It’s important to note that the actual cost of storing your gold is separate from the custodial fees. Storage fees are usually based on the value or weight of the gold in your account. These fees are paid to the depository that physically houses your gold. And don’t forget about insurance, which is another layer of protection for your investment. The cost for insurance is often included in the storage fee, but it’s always wise to confirm this.

Types of Gold IRA Fees:

  • Setup Fee: A one-time fee for opening your Gold IRA account.
  • Annual Maintenance Fee: A yearly fee for account servicing and administration.
  • Storage Fee: A fee for the physical storage of your gold, typically based on value or weight.
  • Insurance Fee: Usually included in the storage fee, this covers loss or damage to your gold.
  • Transaction Fees: Costs associated with buying and selling gold within your IRA.

As you compare different Gold IRA companies and custodians, make sure you’re comparing apples to apples. Look at the full range of fees and what services they include.

Avoiding Hidden Charges and Penalties

One thing to watch out for is hidden charges. Some companies or custodians might have additional fees that aren’t clearly disclosed upfront. For instance, there could be charges for transferring funds or liquidating your gold. Ask for a complete list of all possible fees before you commit to a company or custodian. Also, be aware of potential penalties for early withdrawal or selling your gold back to the company. Understanding these details will help you make a more informed decision and avoid any financial pitfalls.

Investing Smarter: Making Informed Choices

investing in a gold ira

Investing in a Gold IRA isn’t a decision to be taken lightly. It requires careful consideration and an understanding of the roles played by both Gold IRA companies and custodians. Armed with the right knowledge, you can make choices that will strengthen your financial future.

Here’s how to invest smarter:

First, define your investment goals. Are you looking for long-term security, diversification, or a hedge against inflation? Your objectives will shape the choices you make.

Next, research potential Gold IRA companies and custodians. Look for those with a proven track record, transparent fee structures, and stellar customer service. Remember, the company you choose will be your guide through this process, so trust is key.

Assessing Company Reputation and Reviews

“Before investing, I always check out reviews and the company’s reputation. It’s like a sneak peek into what I can expect from their service. I look for customer experiences, how the company handles complaints, and their overall track record. It gives me peace of mind knowing I’m working with a reputable partner.”

Online reviews and ratings can offer insightful information into a company’s reliability and customer service. However, be discerning about the sources of these reviews. Look for independent, third-party review sites for the most unbiased information.

Also, consider reaching out to the company directly. Ask questions and gauge their responsiveness. A company that’s willing to take the time to answer your questions thoroughly is likely one that values customer service and transparency.

And don’t forget to check with organizations like the Better Business Bureau (BBB) for any complaints or issues that have been filed against the company. A clean record with the BBB is a good sign that a company is trustworthy and customer-focused.

Gold IRA Scams and How to Spot Them

Unfortunately, not every company out there has your best interests at heart. Some might try to take advantage of investors with scams or deceptive practices. To protect yourself, be on the lookout for red flags like aggressive sales tactics, promises of unrealistically high returns, or a lack of transparency about fees and costs. If something feels off, trust your instincts and do more research before moving forward.

Augusta Precious Metals has made compliance and transparency a major part of its business.

Navigating the Transfer and Rollover Process

When you’re ready to fund your Gold IRA you’ll likely do so through a transfer or rollover from a retirement account that is already open. This process should be straightforward and hassle-free. Your Gold IRA company and custodian should work together to ensure a smooth transition of funds without triggering any tax penalties.

Seamless Transition to a Gold IRA

A seamless transition to a Gold IRA involves clear communication and meticulous coordination between your Gold IRA company, your custodian, and your current retirement account provider. Here’s a quick rundown of the steps you should expect:

  • Initiate the transfer or rollover request with your current provider.
  • Complete any required paperwork accurately to avoid processing delays.
  • Ensure that the transfer is conducted as a “direct rollover” to avoid taxes and penalties.
  • Confirm the receipt of funds in your new Gold IRA and the purchase of your chosen gold assets.

Your Gold IRA company should provide guidance every step of the way, from filling out the paperwork to confirming the finalization of the transfer. With their help, you’ll be able to transition to a Gold IRA smoothly and start securing your retirement with the enduring value of gold.

Maintaining a Balanced Investment Portfolio

It’s not just about investing in gold; it’s about creating a well-rounded portfolio that can withstand market fluctuations. A Gold IRA should be one part of a broader investment strategy that includes a mix of assets like stocks, bonds, and other precious metals. Diversification is the key to balancing risk and reward in your retirement savings.

Regularly reviewing your investment portfolio with your Gold IRA company and custodian ensures that your asset allocation remains aligned with your financial goals and risk tolerance. As the markets change, so too might your investment strategy need to adapt. Keeping a close eye on performance and making adjustments when necessary will help you stay on track for a secure retirement.

When to Re-Evaluate Your Gold IRA Strategy

There are several instances when it might be wise to re-evaluate your Gold IRA strategy. For example, significant changes in the market, adjustments in your retirement timeline, or shifts in your financial goals are all good reasons to take another look at your investment choices. If the value of gold is particularly high or low, it might also be an opportune time to adjust your holdings. It’s essential to stay informed and be proactive about managing your investments.

Frequently Asked Questions

Can You Manage Your Own Gold IRA Without a Custodian?

No, you cannot manage your own Gold IRA without a custodian. The IRS requires that a qualified custodian hold the assets in a Gold IRA. This rule is in place to ensure that the investments meet specific standards and are properly reported for tax purposes. The custodian also takes care of the storage and insurance of the physical gold, which are crucial for the security of your investment.

How Do I Choose Between Different Gold IRA Custodians?

Choosing a Gold IRA custodian involves several considerations. Seek out a custodian with a solid track record, clear pricing schedules, and top-notch customer support. You should also consider the security measures they have in place for storing gold and their experience in handling Gold IRAs. It’s important to feel confident that your custodian will manage your investments with the utmost care and professionalism.

Most Gold IRA Companies have an established working relationship with a custodian whom they will recommend. The choice remains yours however.

What Types of Gold Can Be Included in a Gold IRA?

The IRS has specific requirements for the types of gold that can be included in a Gold IRA. Generally, the gold must be 99.5% pure and come in the form of IRS-approved coins or bars. Some examples of eligible gold investments include American Gold Eagle coins, Canadian Gold Maple Leaf coins, and gold bullion bars produced by accredited manufacturers. It’s essential to consult with your Gold IRA company to ensure that your gold purchases meet these standards.

Are There Minimum Investment Requirements for Gold IRAs?

Some Gold IRA companies and custodians have minimum investment requirements. These minimums can vary, so it’s important to ask about them upfront. You might find that some companies require an initial investment of $5,000 to $10,000, while others may have higher or lower thresholds. Understanding these requirements will help you plan your investment accordingly.

What Happens to the Gold in My IRA When I Reach Retirement Age?

When you reach retirement age, you can begin taking distributions from your Gold IRA. You have the option to take the gold itself or sell the gold and take the cash value. If you choose to take possession of the gold, you’ll need to pay taxes on its value. If you sell the gold, the cash will be taxed as a distribution. It’s important to plan your retirement distributions carefully to minimize taxes and maximize your retirement income.

In conclusion, understanding the distinct roles of Gold IRA companies and Gold IRA custodians is crucial for anyone considering investing in a Gold IRA. These entities play a vital part in helping you navigate the process, secure your assets, and ensure compliance with IRS regulations. By choosing the right partners, understanding fee structures, and maintaining a balanced investment portfolio, you can confidently invest in gold and potentially secure a more stable financial future for your retirement.

Note: My article on the top gold IRA providers is a great resource if you’re not sure which companies to look at when considering opening a Gold IRA.

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

When it comes to securing your financial future, understanding the rules and opportunities for investing is key. The world of Individual Retirement Accounts (IRAs) is vast, but today we’re zoning in on a specific type of IRA that could add a golden touch to your retirement planning: the Gold IRA. Let’s delve into the nitty-gritty of Gold IRA contribution limits and rules for 2024, ensuring you’re equipped with the knowledge to make savvy decisions for your golden years.

Key Takeaways

  • For 2024, the contribution limit for IRAs, including Gold IRAs, has increased to $7,000, or $8,000 if you’re age 50 or above.
  • Contributing to a Gold IRA allows you to diversify your retirement portfolio with precious metals, offering a hedge against inflation and market volatility.
  • Eligibility to contribute to a Gold IRA depends on your income, with phase-out ranges increasing for 2024 to accommodate higher earners.
  • Understanding the differences between traditional and Roth Gold IRAs is crucial for tax planning and maximizing your investment.
  • Choosing a reputable Gold IRA Company and staying updated on IRS regulations will help ensure your retirement investment is secure and compliant.

The 2024 Gold IRA Contribution Threshold

As we enter 2024, it’s important to note that the IRA contribution limit has been given a boost. You can now contribute up to $7,000 to your Gold IRA. And if you’ve hit the milestone of 50 years old, you get the bonus of being able to contribute an extra $1,000, making your total allowable contribution $8,000. That’s more golden opportunity for your retirement nest egg!

Understanding the New Limits

Let’s break this down a bit. Whether it’s a traditional IRA or a Gold IRA, the contribution limits are the same. This means if you’re under 50, you can put $7,000 into your account. If you’re 50 or older, $8,000 is your new target. These numbers are up from the previous year, giving you the chance to save even more for retirement.

Remember, these contributions are per person, not per account. So, if you have multiple IRAs, the total amount you can contribute across all accounts is $7,000 or $8,000 if you’re over 50.

Changes from Previous Years

Compared to previous years, the increase in contribution limits is a response to inflation and the cost-of-living adjustments. In 2023, the limit was $6,500 with an additional $1,000 for those 50 and over. The $500 bump up for 2024 allows you to allocate more funds to your Gold IRA, which can be particularly beneficial if you’re looking for ways to safeguard your savings against economic uncertainties.

Long-term Security with Precious Metals

Investing in gold and other precious metals within an IRA isn’t just about diversification; it’s about security. Unlike paper assets whose value can be eroded by inflation, gold has historically maintained its purchasing power. This intrinsic value of gold can act as a cushion during times of economic downturns, providing a sense of long-term security for your retirement savings.

How to Maximize Your Gold IRA

To truly benefit from a Gold IRA, you need to approach it with a strategy. It’s not just about making contributions; it’s about making smart contributions. This means understanding when to buy gold, what types of gold to invest in, and how these decisions align with your overall retirement goals.

Strategies for Optimizing Contributions

One effective strategy is to make consistent contributions to your Gold IRA. By doing so, you’ll benefit from dollar-cost averaging, which can reduce the impact of volatility in the price of gold. Additionally, keep an eye on the market trends and consider increasing your contributions when gold prices dip, as this could mean more gold for your money.

Clever Investment Timing

Timing is everything, especially in investments. For your Gold IRA, it’s wise to keep abreast of market conditions. If gold prices are lower, that might be a prime time to purchase more. Conversely, if prices are high, you may choose to wait or contribute in other forms allowed within your IRA, such as cash, until a more advantageous time presents itself.

Risks and Rewards of Investing in Gold

Like any investment, gold comes with its own set of risks and rewards. The price of gold can be volatile in the short term, but it has consistently held its value over the long term. It’s also seen as a safe haven asset, which means that during periods of economic uncertainty, its value often increases as investors seek stability.

Assessing Potential Pitfalls

investing in gold research

However, it’s important to be aware of the potential pitfalls. The price of gold can be influenced by a range of factors, including monetary policy and global economic conditions. Furthermore, there are costs associated with a Gold IRA, such as custodian fees and storage costs, that you need to consider when assessing the overall profitability of your investment.

The Bright Side of Precious Metals IRAs

On the bright side, the tax advantages of a Gold IRA are similar to those of traditional IRAs. Your contributions are typically tax-deductible, and the growth of your investment is tax-deferred. This can make a Gold IRA an attractive option for those looking to reduce their taxable income and save for retirement in a tax-efficient manner.

Keeping Up with Gold IRA Regulations

Regulations around Gold IRAs are set by the IRS, and it’s crucial to stay compliant to avoid any penalties. This includes rules about the types of precious metals you can include in your IRA, the purity standards they must meet, and how they should be stored.

Staying Compliant with the IRS

To ensure compliance, always check the latest IRS guidelines on Gold IRAs. They specify which gold products are eligible (for example, gold coins must be a minimum of 99.5% pure). Also, the IRS mandates that these assets be held by a trustee or custodian and stored in a secure facility.

Understanding Gold IRA Companys’ and Custodians’ Roles and Responsibilities

Your Gold IRA Company and Custodian play a crucial role. Between them they handle the purchase, sale, and storage of the physical gold. It’s their responsibility to make sure all IRS regulations are followed, including those concerning the secure storage of your gold investments. Choosing a reputable and experienced Gold IRA Company and Custodian is therefore vital for the security and compliance of your Gold IRA.

I have written a separate article explaining the different roles of Gold IRA Companies and Gold IRA Custodians in case you are not sure of these.

Setting Up Your Gold IRA for 2024

Setting up a Gold IRA for 2024 involves a few key steps. First, you’ll need to choose whether a traditional or Roth Gold IRA is right for you. Then, you’ll select a Gold IRA Company and decide on the gold products to include in your IRA. Finally, you’ll make your contributions within the set limits and ensure that all transactions comply with IRS rules.

Selecting a Trustworthy Gold IRA Company

Choosing the right Gold IRA company is crucial. Look for companies with a solid track record, transparent fee structures, and excellent customer service. They should provide you with a range of investment options and have a thorough understanding of IRS regulations to guide you through the process seamlessly.

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Navigating the Contribution Process

Once you’ve selected a trustworthy Gold IRA company, the next step is making your contributions. Begin by deciding how much you want to invest within the limits for your age. You can make a lump-sum contribution or set up regular, smaller contributions throughout the year. Remember to complete your contributions before the tax filing deadline for the year, which is typically April 15th of the following year. Keep in mind, the earlier you contribute, the more time your gold investment has to potentially grow.

FAQ

Got questions? You’re not alone. Here are some common inquiries about Gold IRAs and their answers to help clarify any lingering doubts.

What are the contribution limits for Gold IRA in 2024?

In 2024, the contribution limit for a Gold IRA is $7,000. If you are 50 years old or older, you have the advantage of making catch-up contributions, which raises your limit to $8,000. It’s a perfect opportunity to bolster your retirement savings with the stability that gold offers.

Can I contribute to a Gold IRA if I have other retirement accounts?

Yes, you can contribute to a Gold IRA even if you have other retirement accounts, like a 401(k) or a traditional IRA. However, the total amount you contribute to all your IRAs can’t exceed the annual limit. So, if you’ve already put $4,000 in a traditional IRA this year, you can only contribute $3,000 more to your Gold IRA if you’re under 50, or $4,000 if you’re 50 or older.

How does investing in gold differ from traditional IRAs?

Investing in gold differs from traditional IRAs in a few key ways. Traditional IRAs typically hold paper assets like stocks, bonds, and mutual funds, while a Gold IRA allows you to invest in physical gold and other precious metals. This can offer a hedge against inflation and market volatility, providing a unique form of security for your retirement funds.

Also, the value of gold often moves inversely to the stock market, which can provide balance to your overall retirement portfolio. And while traditional IRAs are subject to RMDs (Required Minimum Distributions), certain types of Gold IRAs, like a Roth Gold IRA, are not.

  • Gold IRAs offer a tangible asset in your retirement portfolio.
  • They can provide a hedge against inflation and economic downturns.
  • Gold often has an inverse relationship with the stock market.

What are the tax implications of a Gold IRA?

The tax implications for a Gold IRA are similar to those of traditional and Roth IRAs. With a traditional Gold IRA, your contributions are typically tax-deductible, and the growth of your investment is tax-deferred. You will pay taxes on distributions at your current tax rate during retirement.

With a Roth Gold IRA, contributions are made with after-tax dollars, meaning they’re not tax-deductible. However, the growth is tax-free, and so are the withdrawals, as long as they are qualified distributions. This can be particularly advantageous if you expect to be in a higher tax bracket in retirement.

Are there any penalties for early withdrawal from a Gold IRA?

If you withdraw from a traditional Gold IRA before the age of 59 ½, you will generally face a 10% early withdrawal penalty on top of the regular income tax you’ll owe. There are exceptions to this rule, such as using the funds for a first-time home purchase or certain medical expenses, but they are limited.

Roth Gold IRAs also have early withdrawal penalties, but only on the earnings portion of your withdrawal if it’s taken before the account is five years old and you’re under 59 ½. Your contributions can be withdrawn tax and penalty-free at any time. It’s crucial to understand these rules to avoid any unwelcome surprises and penalties.

Investing in a Gold IRA can be a golden ticket to a secure and prosperous retirement. By understanding the contribution limits and rules for 2024, you’re setting yourself up for success. Keep in mind the tax advantages, the importance of choosing a reputable Gold IRA Company, and the need to stay updated on regulations. With these steps, you’ll be well on your way to a retirement that shines as bright as the precious metals safeguarding your nest egg.

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Doug YoungBeing seen as an authority in the field based on my considerable experience of gold IRAs and gold IRA companies, I feel suitably qualified to share my assessment of American Hartford Gold with you.

My desire is to pass on the benefit of my many years of experience in the industry, coupled with the experience I have gained through evaluating many different gold IRA companies over more than a decade, to help you make informed decisions when choosing a suitable and trustworthy gold IRA company.

Review Summary:

  • American Hartford Gold Group is a relative newcomer to the gold IRA scene, having only been in business since 2015.
  • They have achieved a lot in a short time and this was recognized by Inc. 5000 who ranked them America’s #1 fastest growing private Gold Company in both 2021 and 2022.
  • Also in this relatively short time they have achieved strong ratings on all the main independent review portals, evidencing that they have served many satisfied customers.

American Hartford Gold Group Analysis

American Hartford Gold Analyzed
‘At a Glance’
Website https://www.americanhartfordgold.com
Phone No.
INDEPENDENT RATINGS:
BBB Rating (Scale of A+ to F)
BBB Customer Ratings
BBB Complaints
BCA Rating (Scale of AAA to F)
BCA Complaints (last 3 years)
Trustlink Rating
Google My Business
4.8/5 (841 reviews)
Trustpilot
4.8/5 (1210 reviews)
RETIREMENT FUNDS:
Gold IRAs Offered
Silver IRAs Offered
CASH ACCOUNTS
Gold Bullion Offered
Silver Bullion Offered
GENERAL:
Preferred Depository
Preferred Custodian
Minimum IRA Investment $10,000
Minimum Cash Investment
$5,000
Physical IRA Application
Digital IRA Application
FEES:
Set Up $50 
Admin (annually) $100
Storage (annually) Segregated: $150
Non Segregated: $100
Management
None
TIMESCALES:
IRA Transfer Process as fast as 3 days
401k Rollover Process 7 to 14 days
Delivery of Metals 7 to 10 days
PEACE OF MIND:
US Mint Listed Dealer
ICTA Member
TRUST Pilot
ethics.net
SPECIAL OFFERS:
Main Promotion
Other Promotion Up to 3 years with no IRA Fees; No Transfer, Storage or Maintenance Fees
Website:

Request Your FREE
American Hartford Gold
Investors Kit

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American Hartford Gold Group Review:

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How American Hartford Gold Have Evolved

American Hartford Gold, also often referred to as American Hartford Gold Group, is a relative newcomer to the marketplace having been in business only since 2015. That makes them quite young when compared to most of their competitors.

I found it impressive the way that the company has grown very quickly to now sit alongside and compete with some of the well-established and major players in the precious metals industry. That’s no mean feat, as I know from years of involvement and experience in the industry that competition is fierce.

Their core business is in educating and helping private individuals to diversify their investments with safe haven assets. These include physical gold, silver and platinum in the form of coins and bars which they will either deliver to your doorstep, or help you include in a retirement account which is in full compliance with IRS rules and regulations.

American Hartford Gold Today

  • American Hartford Gold in operate from Los Angeles, California. In February 2023 they moved their corporate headquarters to a larger building to enable them to expand their workforce to 200 employees, following a 400% increase in sales.
  • They proudly claim that since their incorporation they have helped their customers collectively to invest over $2 billion in gold, silver and platinum.
  • It was evident from my research that American Hartford Gold Group put a lot of importance on giving back to the community. I discovered that they support many local and national organizations both financially and through volunteer work.

American Hartford Gold’s Mission Statement

When I asked them for a Mission Statement, this is what they provided me with:

We aim to educate clients about investments in the precious metals industry, and we strive to provide unparalleled customer service built on trust, integrity, and absolute transparency. Our goal is to achieve 100% customer satisfaction“.

American Hartford Gold’s Management

American Hartford Gold’s three primary executives are their CEO Sanford Mann, their Executive Chairman Scott Gerlis, and their President Max Baecker.

Sanford Mann: Chief Executive Officer

Sanford Mann

Sanford Mann

Sanford Mann proudly declares that from an early age he bought into his father’s philosophy that every potential and existing customer of a business deserves limitless education and an honest deal.

He comes from a very close kit family who believe in a sense of community and a strong work ethic. Even today he still resides with that same family in Santa Monica and spends much of his spare time doing voluntary work supporting the local community.

His personal educational journey started at Connecticut State University where he studied economics and before following his entrepreneurial calling he served his apprenticeship in different New York City senior financial management positions.

As CEO Sandford assumes the crucial role of steering the company’s long-term vision within the gold industry. His responsibilities encompass the pursuit of top-tier professionals who embody ethical principles and possess extensive expertise in the field. While doing so he ensures that customer satisfaction remains at the pinnacle of the company’s priorities.

Scott Gerlis: Executive Chairman

Scott Gerlis

Scott Gerlis

Scott Gerlis started American Hartford Gold together with Sanford Mann before they later took in private investors to help facilitate expansion.

Scott firmly believes in the benefits of precious metals for protecting retirement savings and has made it his mission to spread that message.

A proud Los Angeles native, Scott learnt about precious metals from an early age, inspired by his father who was an avid coin collector.

In partnership with Sanford Mann, Scott aligns seamlessly with Mann’s unwavering commitment to exceptional customer service, unwavering ethical principles, and cultivating an exemplary working environment for both employees and clients alike.

Scott can also claim prior experience and success in retail businesses and real estate investment before choosing to specialize in precious metals.

Like CEO Sandford Mann, Scott devotes a lot of his time to community and non profit activities.

Max Baecker: President

Max Baecker

Max Baecker

Embodying the core values of American Hartford Gold’s mission to ensure long-term financial security for their clients, Max possesses an immense wealth of knowledge in precious metal markets and products.

Leading from the front, he is the driving force behind American Hartford Gold’s day-to-day operations and administration. By guiding and nurturing their team of account executives, he has played a pivotal role in delivering over $2 billion in precious metals to thousands of satisfied clients.

In a remarkable testament to their success, American Hartford Gold has been recognized three times by Inc. as one of the fastest-growing companies. Max remarked, “Our meteoric growth rate speaks volumes about the trust our clients place in us and the exceptional work our specialists consistently deliver.

Despite our exponential growth and accolades, our fundamental philosophy remains unchanged. We remain committed to empowering our clients with the finest information and dedicated service, knowing that growth will naturally ensue.”

American Hartford Gold Reputation

American Hartford Gold has achieved impressive growth and high profile endorsements.

  • They were ranked #1 fastest growing private Gold Company in both 2021 and 2022 by the prestigious Inc. 5000
  • American Hartford Gold Group is the only precious metals company recommended  by the prominent personalities Bill O’Reilly, Lou Dobbs and Rick Harrison.

Having extensively monitored their growth and development I can understand why American Hartford Gold has gained such recognition.

American Hartford Gold Ratings

I know from experience gained in evaluating many different gold IRA companies over the years that trusted independent consumer review portals are an excellent way of monitoring a company’s performance, both past and present.

When I researched the main ones, I could see straight away that American Hartford Gold Group has impressive ratings.

My findings as of :

American Hartford Gold BBB – Better Business Bureau Rating

  • At the BBB (Better Business Bureau) American Hartford Gold is an Accredited Business with the maximum A+ Rating and 4.89 out of 5 Stars based on 504 Customer Reviews

The Better Business Bureau (BBB) is a renowned non-profit platform with a century-long history of helping people find reputable and trustworthy businesses is. The BBB is a useful tool for customers as it allows them to assess companies based on the interactions of others with them. The BBB encourages an impartial and open forum for all by practicing the highest standards of ethics and professionalism.

American Hartford Gold BCA – Business Consumer Alliance Rating

The BCA rating is calculated using a complex formula that takes into account a number of important elements, including the type of business, the length of time it has been in operation, compliance with licensing regulations, complaint history, and general industry expertise. BCA’s algorithm meticulously examines the importance of each element in evaluating the overall dependability of the organization. This technique was developed to help customers make decisions by accurate evaluating a company’s trustworthiness.

American Hartford Gold Trustlink Rating

  • At Trustlink American Hartford Gold has a 5 Star Rating based on 2 Customer Reviews

TrustLink is a popular platform dedicated to fostering trust between businesses and consumers. One of their key attributes is its commitment to ensuring the authentic nature of its reviews. TrustLink ensures that those who provide feedback are verified customers of the company being reviewed. This verification process makes their reviews even more credible and trustworthy, allowing users to make informed decisions based on others’ real-world experiences.

American Hartford Gold Trustpilot Rating

  • At Trustpilot American Hartford Gold has a 4.8 out of 5 Stars Rating based on 1210 Customer Reviews

Trustpilot is a digital platform that connects businesses and consumers. It helps to build trust and it encourages collaberation. It’s free, open to everyone and is based on transparency. Trustpilot organizes reviews to help consumers buy with peace of mind, and it provides rich insights to help businesses improve their offerings.

American Hartford Gold Consumer Affairs Rating

  • At Consumer Affairs American Hartford Gold has a 4.7 out of 5 Stars Rating based on 825 Customer Reviews

Consumer Affairs is a highly reputable independent consumer monitoring website. It provides a platform where individuals can access and evaluate genuine feedback from other customers, and help them make informed choices.

American Hartford Gold Google My Business Rating

  • At Google My Business American Hartford Gold has a 4.8 out of 5 Stars Rating based on 841 Customer Reviews

Google has one of the most frequently used review platforms in the world. The Google review system provides a convenient and user-friendly way for individuals to share their experiences and give feedback on a variety of businesses and services. By leveraging the power of this widely recognized platform, users can help create a transparent and trusted information base for others.

American Hartford Gold’s Ratings Comparison

In the table below I have compared American Hartford Gold’s ratings at independent review portals with the ratings of other leading Gold IRA Companies I have reviewed

 

Gold IRA Company

 

BBB

 

BCA

 

Trustlink

 

Consumer Affairs

American Hartford Gold
A+ AAA 5 out of 5 Stars 4.7 out of 5 Stars
Augusta Precious Metals A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
Advantage Gold A+ AAA 5 out of 5 Stars 5 out of 5 Stars
BGASC A+ Not Listed Not Listed Not Listed
Birch Gold Group A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
Blanchard & Company A+ BBB 1 out of 5 Stars Not Listed
Goldco A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
Goldline A A 2.5 out of 5 Stars Not Listed
Rosland Capital A+ AAA 3.5 out of 5 Stars Not Listed

American Hartford Gold Group Reviews and Complaints

Positive American Hartford Gold Reviews

The vast majority of the American Hartford Gold Reviews I found are positive. I discovered that customers seem to particularly like:

  • The attention and patience that American Hartford Gold’s representatives give to newbie precious metals investors
  • The ease of doing business with the Company and in particular their simple rollover process
  • The way their representatives are prepared to answer any questions

American Hartford Gold Group Complaints

I consider that it’s as meaningful to evaluate how a company deals with complaints as it is to focus on complaints numbers. At the Better Business Bureau I discovered that 22 complaints were made against American Hartford Gold in the last 3 years and they have all been closed. 100% of those were answered by the Company and in nearly all cases they were resolved to the customer’s satisfaction.

Ratio of Positive To Negative American Hartford Gold Reviews

Overall I found 91% of the reviews to be positive which is very high percentage.

Example Reviews

Below are examples of American Hartford Gold reviews that I found at well respected independent business review portals:

bbb review

trustpilot review

consumer affairs review

American Hartford Gold Services

Gold/Silver IRAs

American Hartford Gold will help you invest in precious metals inside a retirement account. They offer gold, silver and platinum in the form of coins and bars. They will liaise with their preferred Custodian Equity Trust on your behalf, help you select your IRS approved metals in full compliance with IRS regulations and arrange delivery to an approved depository for safe storage.

Cash Sales of Precious Metals

American Hartford Gold Group provide physical delivery to your door of only the highest quality gold and silver coins and bars. They offer competitive pricing and give a guarantee of 100% customer satisfaction.

In addition to their core services referred to above the company will assist you with Gold IRA and Silver IRA rollovers.

What Is a Gold IRA?

  • A Gold IRA (which is actually a collective term for a precious metals IRA) is a self directed individual retirement account in which you can include certain types of IRS approved physical precious metals, just as you can include stocks and bonds in a traditional IRA.It is not restricted to precious metals however and if you choose to you can also include other alternative investments such as real estate and traditional investments such as stocks and bonds.
  • You can rollover or transfer an existing retirement account into a Gold IRA and continue to make the permitted annual contributions.

Why Invest in a Gold IRA?

  • Gold and silver have for generations been used as ‘safe haven’ assets to protect savings and investments against turbulent and uncertain times. Because precious metals have historically always risen in price during market downturns their inclusion in an investment portfolio can protect it by acting as a hedge against inflation and recession.
  • By including precious metals in your retirement account you are protecting your hard earned savings against the havoc that inflation, recession, market volatility and market crashes can cause.

VISIT AMERICAN HARTFORD GOLD >>

American Hartford Gold Gold IRA

It’s very easy to set up an American Hartford Gold IRA and it gives you the opportunity to invest in gold without the need to dig into your pocket for new funds. That’s because you can transfer or rollover funds from your current 401(k) or IRA completely tax and penalty free into your new Gold IRA.

Simple 3 Step Process To Set Up Your American Hartford Gold IRA

Step 1

TALK TO THEIR SPECIALISTS

Talk to American Hartford Gold’s specialists at 866-890-0616 and they will assist you with completing the necessary paperwork.

Step 2

FUND YOUR ACCOUNT

Funds can be transferred from your existing IRA to your new Gold IRA in as little as three days, and usually without the need for you to contact your current custodian. Once your new Gold IRA has been funded you can choose, with the guidance of an American Hartford Gold precious metals specialist if you prefer, the mix of metals that best suit your circumstances and criteria.

Step 3

PURCHASE YOUR GOLD/SILVER

Once you’ve made your selection your IRA-eligible precious metals will be sent fully insured to an IRA approved vault for secure storage. American Hartford Gold recommend either DDSC in Delaware or one of the Brinks depositories around the US. The choice is yours.

ELIGIBLE ACCOUNTS:

  • Traditional IRA
  • Roth IRA
  • 401k
  • 403b
  • 457
  • Thrift Savings Plan (TSP)

GET STARTED WITH AN AMERICAN HARTFORD GOLD IRA >>

What Makes American Hartford Gold Group Unique?

unique

Part of my research entailed me looking for areas that set American Hartford Gold apart from their competitors. That included me reaching out to their Customer Services department. The gentleman there whom I spoke with was very helpful. As well as being well versed in the company’s products and services, it was clear to me that he had well above average knowledge of the IRS regulations appertaining to gold IRAs.

He also told me that, in his opinion, these are areas where American Hartford Gold do things better than their competitors:

  • Customized Solutions
    Every investor has different circumstances and criteria. American Hartford Gold’s Product Specialists will discuss your investment needs and goals with you and make recommendations on a diversification strategy which is personal to you.
  • Up To Date Information
    American Hartford Gold’s data center keeps all their customers fully up to date with market developments and trends. Their Product Specialists, Customer Support Staff and even Executive Management are always available to answer your calls and questions.
  • Transparent Pricing
    American Hartford Gold Group boast competitive pricing which is updated regularly to provide the best possible gold and silver deals for investors. They fully disclose all costs or fees involved prior to the sale.
  • Special Promotions For New IRA Customers
    – They give up to $10,000 in FREE silver delivered to your front door, on qualifying purchases
    – They grant up to 3 years with no IRA Fees; No Transfer, Storage or Maintenance Fees
  • High Quality Shipping and Handling
    Their precious metals are sourced, stored and shipped taking the utmost care to ensure that their value and beauty is protected. They double check all orders, film them and ship them to you with quality guaranteed. Packaging is neutral with no indication of the contents and order details are kept totally within the Company.
  • Buyback Commitment
    American Hartford Gold encourage all their customers to contact them first if they are considering selling their metals. Legally they are prevented from guaranteeing that they will re-purchase metals, but they have a simple 3-Step process in place to ensure a quick transaction with no additional liquidation fees. They will even assist with shipping.

American Hartford Gold’s Fees Compared

Below I have listed for you the amounts and type of American Hartford Gold Group’s fees as compared with those of other prominent Gold IRA Companies

Gold IRA Company Set Up Fees  

Admin Fees (annually)

 

Storage Fees (annually)

 

*Fee Type

American Hartford Gold
$50 $100 $150 for segregated
$100 for non-segregated
Flat
Augusta Precious Metals $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Advantage Gold $295 $175 $100 Flat
BGASC Not divulged Not divulged Not divulged Not divulged
Birch Gold Group $90 Not divulged $160 Flat
Blanchard & Company $25 $60-$250 (scaled) $100 (scaled) Scaled
Goldco $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Goldline $125 $60-$250 (scaled) $100 (scaled) Scaled
Rosland Capital $50 £225 Not divulged Flat

*The Difference Between Flat and Scaled Fees

Flat fees remain constant irrespective of the value of your retirement account. Scaled fees are calculated as a % of your account’s value and therefore increase in line with your account’s growth. Most investors prefer flat fees because they almost always end up being less over time.

American Hartford Gold FAQ

The following Q & A covers the main questions arising and discussion topics that I came across when doing extensive research into American Hartford Gold Group. Many of the answers were provided to me by the Customer Services representative whom I referred to earlier.

faq

  • Do American Hartford Gold have minimum investment amounts?

    Yes, $10,000 for Gold IRAs and $5,000 for cash deals

  • What Precious Metals do American Hartford Gold offer?

    Gold, silver and platinum

  • How do I move funds from an existing retirement account to a Gold IRA?

    There are 2 methods to do this tax and penalty free:
    1. 60 Day Rollover
    Your current IRA provider will mail a check to you and you will forward that to American Hartford Gold. Provided you do that and it is deposited in your account within 60 days there will be no tax or penalty implications.
    2. Trustee To Trustee Process
    This is the quickest way possible as your retirement funds will be sent from your current IRA provider directly to American Hartford Gold, who will work with you and for you to make sure the process is seemless.

  • Do I own the physical metals or just a certificate confirming ownership?

    You own the physical metals inside your Gold IRA. They are stored on your behalf at an IRS approved, privately insured depository. From age 59.5 onwards at your choice or when distributions become mandatory you have the option of taking distributions in cash or metals.

  • Why can’t I hold precious metals in my existing traditional IRA?

    As the name implies, a traditional IRA can only be used for the more traditional types of investments such as stocks, bonds, mutual funds and ETFs. To include physical metals and other alternative assets and still get the same tax deferred benefits you require a Self Directed IRA, which is what a Gold IRA is.

  • Can I make the same contributions into a Gold IRA that I do with my traditional IRA?

    Yes.

  • What is the procedure for taking distributions from my Gold IRA?

    Provided you are age 59.5 or over you simply contact your American Hartford Gold Account Executive and request for either your metals to be shipped to you directly or for the cash equivalent to be sent to you by check or bank transfer.

  • How can I monitor my Gold IRA’s performance?

    You will receive regular statements. Additionally you can contact your Account Executive at any time for an interim update.

  • What is the procedure and timescale for setting up a Gold IRA?

    Your Account Executive will oversee the entire setting up procedure. It normally takes just one business day to open your Gold IRA account and receive your account number. The same Executive will contact your current IRA provider to get the rollover started. Dependant on your current IRA custodian the transfer of all or part of your retirement assets should take no more than 5 working days. Once received you are ready to select your precious metals.

  • Do I pay for the shipment of my precious metals?

    No. They are shipped to the depository by American Hartford Gold Group free of charge, tracked and fully insured. There is no risk to you as you are covered for any unforeseen events.

  • Can I take home delivery of the precious metals in my Gold IRA and make my own storage arrangements?

    No. IRS rules stipulate that they must be stored at an approved depository and insured by them. If you take delivery before age 59.5 there may well be tax implications and penalties.

American Hartford Gold Group Pros and Cons

Here I am listing the points about American Hartford Gold that I liked, and then ones that I didn’t like. It’s noteworthy that the former exceed the latter quite considerably.

American Hartford Gold Pros

American Hartford Gold Cons

Ranked #1 fastest growing private Gold Company by Inc. 5000 in 2021 and 2022

You can’t add any precious metals you own already to your new American Hartford Gold IRA

Exclusively recommended by the prominent personalities Bill O’Reilly, Lou Dobbs and Rick Harrison.

No platinum or palladium listed

Top ratings, hundreds of 5 Star reviews and thousands of satisfied customers

No prices shown on the online catalogue

Guaranteed low prices

U.S sales only – no international ones

No buy back fees

Free, unlimited consultations with precious metals specialists

Excellent educational resources

Up to $10,000 in FREE silver sent to you on qualifying purchases

Who Are American Hartford Gold Best Suited For?

  • Any American wishing to invest in precious metals, either by cash purchase or inside an IRA
  • Those who are concerned about the state of the economy, soaring inflation, the gigantic national debt, market volatility and disruptive geo-political events… and wish to protect their wealth and retirement from all or any of these
  • Those coming close to retirement age who don’t want to spend the rest of their lives worrying that their funds might run dry

American Hartford Gold vs. Competitors

My 3 Best Gold IRA Companies

Gold IRA Company My Rating Best For Find Out More
Best Overall Augusta Precious Metals ZERO BBB and BCA Complaints Ever Read Review
#2 Goldco High Percentage of Satisfied Customers Read Review
#3 American Hartford Gold Best Gold IRA Newcomer Visit

Summary and Assessment

  • American Hartford Gold Group are a relative newcomer to the Gold IRA scene, and they have come a long way in a short time. So much so that the prestigious Inc. 5000 ranked them America’s #1 fastest growing private Gold Company in both 2021 and 2022.
  • They have achieved top rankings at the main consumer review portals where they have hundreds of 5 Star ratings. They now stand shoulder to shoulder alongside many of their competitors who have been in business considerably longer.

Based on over 20 years of experience in the precious metals and gold IRA fields, and with the benefit of having evaluated many different gold IRA companies during that time, my conclusion is that American Hartford Gold are certainly worthy of your consideration for your Gold IRA.

I was sufficiently impressed with American Hartford Gold to have included them in my list of Top Picks of gold IRA companies, even though they didn’t quite make it to my top spot.

I encourage you to visit different gold IRA companies’ websites, to explore their products, and to conduct your own research before making any investment decisions.

My Rating

Request Your FREE
American Hartford Gold Investors Kit

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How To Speak With an American Hartford Gold Representative

  • The easiest way to speak with a American Hartford Gold representative is to click on the link above to request their FREE INVESTORS KIT. That will take you to a form where you just enter your name, email and phone number.
  • That will prompt one of their Gold IRA specialists to call you in business hours, so make sure you submit the best contact number for you.
  • Alternatively you can call them on 1-866-890-0616.

Tip: In my opinion it’s a good idea to compile a list of questions in readiness for their call.

About the Author: Doug Young

Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes and publishes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Doug YoungI have over twenty years of personal experience in the precious metals and gold IRA fields to draw upon, and I have thoroughly evaluated a large number of gold IRA companies over the past 10 years.

Here I have compared the best gold IRA companies of side-by-side in respect of years in business, minimum IRA investment levels, complaints received, ratings, fees, preferred custodians & depositories and new customer incentives.

My desire is to pass on the benefit of extensive research I have conducted, combined with knowledge and experience I have gained over the years to help you make informed decisions when choosing a gold IRA company you can trust.

How I conducted my research.

My 3 Best Gold IRA Companies

Gold IRA Company My Rating Best For Find Out More
Best Overall ZERO BBB and BCA Complaints Ever Website
Read My Review
#2 High Percentage of Satisfied Customers Website
Read My Review
#3 Best Gold IRA Newcomer Website
Read My Review

Reviews:

Side-By-Side Comparisons of the Best Gold IRA Companies:

Years in Business / Minimum IRA Investment

My many years of experience working in the precious metals field have taught me that these are particularly important considerations for first time customers when researching Gold IRA Companies. That’s why I am displaying them for comparative purposes.

 

Gold IRA Company

 

Started in Business

 

Min. IRA

Investment

Advantage Gold 2014 $5,000
American Hartford Gold
2015 $10,000
Augusta Precious Metals 2012 $50,000
BGASC 2012 $30,000
Birch Gold Group 2003 $10,000
Blanchard & Company 1975 Not Specified
Goldco 2006 $25,000
Goldline 1960 On Application
Rosland Capital 2008 $10,000

Complaints History 

I’ve constantly found that most people researching Gold IRA Companies tend to focus more on the number of positive reviews recorded than the number of complaints revealed. In my opinion the latter, and the way they were dealt with, are equally important and sometimes more significant.

In this table I am displaying what I discovered at Better Business Bureau (BBB) and Business Consumer Alliance (BCA) during my extensive research into the number of complaints made about all the Companies referred to.

 

Gold IRA Company

 

BBB

 

BCA

Advantage Gold 0 complaint closed in last 3 years

0 complaint closed in last 12 months

0 in last 3 years
American Hartford Gold
36 complaints closed in last 3 years

21 complaints closed in last 12 months

2 in last 3 years
Augusta Precious Metals ZERO (All Time) ZERO (All Time)
BGASC 2 complaints closed in last 3 years

2 complaints closed in last 12 months

Not Listed
Birch Gold Group 8 complaints closed in last 3 years

4 complaints closed in last 12 months

0 in last 3 years
Blanchard & Company 0 complaint closed in last 3 years

0 complaints closed in last 12 months

0 in last 3 years
Goldco 48 complaints closed in last 3 years

28 complaints closed in last 12 months

1 in last 3 years
Goldline 13 complaints closed in last 3 years

5 complaints closed in last 12 months

0 in last 3 years
Rosland Capital 22 complaints closed in last 3 years

12 complaints closed in last 12 months

9 in last 3 years

Independent Ratings 

I have listed below comparisons of the ratings awarded by Better Business Bureau, Business Consumer Alliance, Trustlink and Consumer Affairs during my most recent inspection of these authoritative independent review sites.

Drawing from my extensive experience in the precious metals industry I can confidently assert that these are the sites that command the most respect from customers.

 

Gold IRA Company

 

BBB

 

BCA

 

Trustlink

 

Consumer Affairs

Advantage Gold A+ AAA 5 out of 5 Stars 5 out of 5 Stars
American Hartford Gold A+ AAA 5 out of 5 Stars 4.8 out of 5 Stars
Augusta Precious Metals A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
BGASC A+ Not Listed Not Listed Not Listed
Birch Gold Group A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
Blanchard & Company A+ BBB 1 out of 5 Stars Not Listed
Goldco A+ AAA 5 out of 5 Stars 4.9 out of 5 Stars
Goldline A A 2.5 out of 5 Stars Not Listed
Rosland Capital A+ AAA 3.5 out of 5 Stars Not Listed

Fees 

In this table I have shown comparisons of the various fees charged by each company. Below it I have explained what I consider to be the vital importance of understanding the different storage options available, and the significance of understanding the impact that different fee types can have.

Gold IRA Company Set Up Fees  

Admin Fees (annually)

 

*Storage Fees (annually)

 

**Fee Type

Advantage Gold $295 $175 $100 Flat
American Hartford Gold $50 $100 $150 for segregated
$100 for non-segregated
Flat
Augusta Precious Metals $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
BGASC Not divulged Not divulged Not divulged Not divulged
Birch Gold Group $90 Not divulged $160 Flat
Blanchard & Company $25 $60-$250 (scaled) $100 (scaled) Scaled
Goldco $50 + $30 wire fee $80 $150 for segregated
$100 for non-segregated
Flat
Goldline $125 $60-$250 (scaled) $100 (scaled) Scaled
Rosland Capital $50 £225 Not divulged Flat

Notes:

  • ** Some Gold IRA Companies charge flat fees and some charge scaled fees. The latter are a % of the fund value. Experience has taught me that it is essential to understand the implications of these two types of fees because doing so can save you thousands of dollars over time.

Preferred Custodians and Depositories

From many years of evaluating Gold IRA Companies I have learnt that typically, strong working relationships will have been built up between them and their preferred Custodians and Depositories over a number of years. I suggest that you consider working with their preferred and recommended partners to get the smoothest operation.

Gold IRA Company Preferred Custodian
Preferred Depository
Advantage Gold Self Directed IRA Services (SDIRA) DDSC and Brinks Global
American Hartford Gold Equity Trust Company Equity Trust, Brinks, Delware Depository, IDS
Augusta Precious Metals Equity Trust Company Delaware Depository Services (DDSC)
BGASC GoldStar Trust Company Brinks Global
Birch Gold Group Self-Directed IRA Services Delaware Depository Services (DDSC)
Blanchard & Company GoldStar Trust Company HSBC Bank NYC
Goldco Equity Trust Company Delaware Depository Services (DDSC)
Goldline GoldStar Trust Company Delaware Depository Services (DDSC)
Rosland Capital Equity Institutional Delaware Depository Services (DDSC)

New Customer Incentives 

As with many businesses it’s normal for companies to make special offers to new customers. The Gold IRA space is no different. This is how the various offers compare.

 

Gold IRA Company

 

Incentive #1

 

Incentive #2

 

Incentive #3

Advantage Gold Year 1 Set Up and Storage Fees waived
American Hartford Gold Free Silver – Receive up to $10,000 in FREE silver delivered to your front door, on qualifying purchases Up to 3 years with no IRA Fees; No Transfer, Storage or Maintenance Fees
Augusta Precious Metals Free Gold – choose from 3 Gold Coins Up to 10 years of custodian and storage fees covered by Augusta Free one-on-one educational web conference with Harvard trained economist
BGASC Rare coins available
Birch Gold Group None advertised
Blanchard & Company None advertised
Goldco 5% back in FREE silver when you invest $50,000-$100,000 10% back in FREE silver when you invest $100,000+ (no maximum) First year fees waived for IRAs above $50,000
Goldline Free bullion coin on $10,000+ investments Free shipping to the depository of your choice
Rosland Capital None advertised

Due Diligence Resources

I am happy to share my research and personal experiences to benefit others. I hope you find the following articles that I have personally written helpful when conducting your own further research into Gold IRA Companies and Gold IRAs:

10 Top Tips For Comparing Gold IRA Companies

How to identify ones you can really trust

Gold IRA Investing Guide

Comprehensive guide on Gold IRAs

mistakesGold Investing Mistakes To Avoid

How to avoid some of the common mistakes that inexperienced investors make

Gold Dealer Lies and Scams

Forewarned is forearmed! Avoid a big dent in your finances

Understanding The Importance of Silver

Why you shouldn’t overlook silver

What Makes a Good Gold and Silver IRA Provider?

LEARN MORE! SIGN UP FOR YOUR FREE WEB CONFERENCE >>

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Are you investing in a Profit Sharing Plan? Want to diversify your current retirement assets and invest in Gold or Silver bullion? You are definitely in the right place!

You can find a broad range of Profit Sharing Plans. Many times they’re used for complimenting another existing retirement vehicle. They may not always be discussed alongside other more dominant types of defined contribution plans, but they can offer a very good tax advantage for a lot of people.

Here I’ll have a look at what Profit Sharing Plans are and how they measure up when compared to other types of retirement plans like your 401ks and IRAs.

I’ll delve into precious metals investing and also how to safeguard your retirement assets with protection against currency collapses and stock market crashes.

What Exactly are Profit Sharing Plans?

A Profit Sharing Plan is something that employers set up to give employees another form of compensation that enables them to partake of or ‘share’ (via a trustee) in company earning with other participating employees.

Employees who are participating in a Profit Sharing Plan will receive contributions from their employer into their account that will be invested and have the ability to grow tax free.

Similar to other retirement plans that are employer-sponsored, you may not be considered as being ‘fully vested’ until you are several years into your plan.

Unlike a regular Money-Purchase Plan (where the contributions are pre-determined), Profit Sharing Plans have contributions that are tied into the profitability of your company.

There are certain restrictions that come with these plans, like no withdrawals before you turn 59½ without incurring penalties. You cannot withdraw funds early unless you accept a 10% early withdrawal penalty, and your distributions will be taxed just like personal income.

Profit Sharing Plans are generally placed into annuities, company stock, life insurance, or mutual funds. There are specific job conditions that will call for allowing individual employees to directly invest into their account.

The Rollover Limitations & Rules for Your Profit Sharing Plan

Only monies that have been vested are ever eligible for rollovers. Make sure you keep an eye on your vesting schedule before trying to move your retirement funds.

You will find that the IRS allows you to only transfer vested account funds, and also requires your plan’s administrator to send you a personal written explanation as to how these perform tax-free.

Penalties are involved in taking cash distributions before your retirement age.

If you’re attempting to do a rollover, I recommend that you elect to make it a direct rollover rather than an indirect rollover. The indirect rollovers come with withholding requirements. They also run a good risk for incurring penalties for early distribution.

How Can Gold Protect Your Retirement?

LEARN MORE! REQUEST YOUR FREE GOLD IRA GUIDE >>

Certain Gold Types You May Invest in With a Profit Sharing Plan

Your choices for Profit Sharing Plan investments are limited to whatever your plan custodian makes available to you. Most of the time you won’t be able to choose and direct the investment vehicles to be included in your plan yourself.

Profit Sharing Plans do have the option legally to offer you these following investment types:

  • Mutual Fund Shares
  • Individual Bonds (government & corporate)
  • Individual Stocks
  • ETF (Exchange Traded Fund) Shares
  • Options

What this really means is that you can’t invest in any sort of physical gold bullion or any other type of investment metals via your Profit Sharing Plan.

Your only option for investing in gold via your Profit Sharing Plan is to purchase stocks from gold mining companies or to buy into a mutual fund that also includes stocks in gold mining businesses. They call this method buying ‘paper gold’.

Why Gold?

Gold is always an excellent hedge because it generally goes up in value during times of economic uncertainty, stock market volatility and increasing inflation. So including gold as a percentage of your investment portfolio helps to protect its value.

Historically the value of gold has always increased over time. It should not be seen as an opportunity for short term gains even though that may occur from time to time. Overall gold should be seen as a long term investment, which is why it fits well with retirement plans.

I have written more information about this here: Why Invest In Gold?

How To Include Physical Gold in Your Retirement Investment Portfolio

To include physical gold and other precious metals in your retirement investment portfolio you will need to rollover some of your funds into specialized type of Self Directed IRA known as a Gold IRA.

I have explained in detail about Gold IRAs elsewhere on this site, here: Everything You Need To Know About Gold IRAs

There are many Gold IRA Companies to choose from. I have reviewed the leading ones here.

My reviews are based largely on customer feedback and the company’s track record over time. I also check with authority websites that people trust in like the BCA, BBB, and Trustlink.

Read Analysis

What Makes a Good Gold and Silver IRA Provider?

LEARN MORE! SIGN UP FOR YOUR FREE WEB CONFERENCE >>

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

By Doug Young

Keogh Plan

Are you wondering how to maximize your Keogh Plan?

Would you like to know if it is possible to add physical gold bullion or precious metals to your existing Keogh Plan? I have some answers for you:

About the Keogh Plan

This plan was introduced in 1962. Eugene Keogh was the founder of this pension plan designed for unincorporated business entities and self-employed workers.

The plan is not open to all self-employed people. For instance, independent contractors are not permitted to open a Keogh Plan. In essence, this type of plan is available to self-employed people who run an unincorporated business.

There are two kinds of Keogh Plan. The Defined Benefit Plan and the Defined Contribution Plan. The Defined Benefit Plan works like the traditional pension plan, the only difference being, it is self-funded. The Defined Contribution Plan is a money-purchase or a profit-sharing plan.

The paperwork for Keogh Plans is complex, but the plan is ideal for self-employed high-earners. Set up one of these plans and you are still entitled to contribute to an IRA.

Rollover Rules and Regulations for Keogh Plans

Self-employed people with a Keogh are viewed as employed for rollover purposes. You can rollover all or a proportion of all eligible rollover distributions to a self-directed independent retirement account. This is classed as a tax-free rollover between accounts.

So, any part of a Keogh Plan that is eventually rolled-over to a self-directed IRA will not be counted as income.

A typical withholding limit of twenty percent will apply if the rollover distribution is paid directly to an IRA holder. This can be avoided by conducting a direct rollover.

How Can Gold Protect Your Retirement?

LEARN MORE! REQUEST YOUR FREE GOLD IRA GUIDE >>

Types of Gold Accepted in the Keogh Plan

Keogh Plans work much like the standard IRA (Roth and traditional) and the 401K. The plan can incorporate:

  • Individual bonds – government and corporate
  • Individual stocks
  • Mutual funds
  • Certificates of deposit (CDs)
  • Exchange-traded funds (ETFs)

Those who have a Keogh Plan cannot invest in bullion or physical gold.

The easiest way to invest in gold through a Keogh is to buy a mutual fund that includes mining company stocks or to purchase gold mining stocks. This is known as buying ‘paper gold’ which means you are investing in gold indirectly.

Purchasing mining ETFs or gold ETFs are also indirect ways to invest in gold.

Invest in ‘Paper Gold’ or Physical Gold?

‘Paper gold’ stocks are the name given to shares in companies that explore, mine or produce gold. Many large companies of this type are included in the Gold Miners Index (GDX) and the Bugs Index (HUI).

Some investors feel the risk is higher if you invest in gold stocks and prefer to instead invest in physical gold. Possible gold stocks risks include:

  • Management Risk
  • Regulatory Risk
  • Flat Currency Risk
  • Cost of Production Risk

These risks explained

The Advantages of Rolling-Over a Keogh Plan to a Precious Metals IRA

Rollover assets from Keogh Plans into a self-directed IRA and you are in total control of your retirement funds. Do this and you have the opportunity to invest in alternative assets, such as precious metals.

Employer-funded retirement plans like Keogh Plans have their limitations. Precious metals IRAs offer flexibility.

Those who have a Keogh Plan must establish a vesting schedule, this means they can only draw funds after a certain length of time. So it’s easy to see why the IRA is such a popular way to invest for your retirement.

In addition to this, Keogh Plans carry higher fees. Keoghs are more difficult to maintain than the traditional IRA rollover.

The Advantages of Changing a Percentage of your Retirement Plan to Precious Metals

Why Invest In Gold?

Investing in gold is an easy and safe way to diversify a retirement portfolio.  Gold and silver, platinum and palladium will protect your assets from inflation and a volatile stock market. Gold prices continue to rise and, based on historical performance, analysts predict further rises over time.

Gold should be seen as a long term investment, which is why it is an ideal fit for retirement planning. It is wise to diversify your retirement portfolio as you receive tax-benefits on precious metal investments.

Nevertheless investors should consider their date of retirement and tolerance to risk before adding precious metals to their retirement plan.

Choose the Right Gold IRA Company for Your Keogh Plan Rollover

There are many Gold IRA Companies to choose from. Read My Gold IRA Companies reviews here.

Read Analysis

What Makes a Good Gold and Silver IRA Provider?

LEARN MORE! SIGN UP FOR YOUR FREE WEB CONFERENCE >>

About the Author: Doug Young
Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.

See full bio

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