- 18 Oct 2022
- Precious Metals
- Comments: 0
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Does your stomach turn every time you hear the latest news about the stock market? It can feel like every day is worse than the one before it. While financial experts recommend leaving some of your money in the stock market, some also recommend diversifying your investment by investing a portion of your funds into alternative assets, such as gold and silver. Opening a Gold IRA by working with American Hartford Gold can help you achieve this goal and set yourself up for future financial security.
One of the top questions individuals want to know about Gold IRA companies are the types of fees they'll be charged. Today, we're going to explore more information about the fees you can expect to pay as an American Hartford Gold customer, along with additional information about the company. Use this information to determine whether you're ready to start working with American Hartford Gold to set up a new Precious Metals IRA.
About American Hartford Gold
American Hartford Gold was founded in 2015. When Sanford Mann started the company, he wanted to help his clients invest in precious metals—both as a personal investment or by adding them to a retirement account. The company, which remains family-owned and operated from their headquarters in Los Angeles, strives to teach investors about the benefits of diversifying their portfolio and reducing their dependence on the stock market.
While American Hartford Gold hasn't been around as long as many other precious metals providers, they have built up an impressive reputation in the industry. If you visit websites such as Trustpilot or Google and check reviews from past customers about American Hartford Gold, you'll find a large percentage of 5-star reviews. These reviews share several of the positive aspects of working with the company, including their excellent customer service and top-quality products.
Checking reviews from the Business Consumer Alliance and the Better Business Bureau is also a good idea when trying to learn more about a company. American Hartford Gold was awarded an A+ rating from the Better Business Bureau, the highest award the company offers. The Business Consumer Alliance's website shows that American Hartford Gold has an AA rating, the second-highest they offer.
There are other indicators that point to American Hartford Gold being a reputable company worthy of your business. They were recently ranked in the INC 5000 as one of the fastest-growing private companies. American Hartford Gold's team and products have also appeared on several networks and media publications, including Bloomberg, Forbes, Breitbart News, The Epoch Times, News Max, and Blaze Media.
American Hartford Gold customers can benefit from their 100% satisfaction guarantee and competitive.
American Hartford Gold Fees
To open a Gold IRA through American Hartford Gold, you must have a minimum of $10,000 to invest/rollover from an existing account. The company's fee structure is relatively straightforward and easy to understand.
Unlike many other Gold IRA companies, American Hartford Gold does not charge an initial account set up fee. With several other companies, this will cost approximately $50.
You will be charged an annual administration/maintenance fee. If your account is valued at $100,000 or less, this fee will be $75. If your account's value is over $100,001, then you'll be charged $125 each year.
In addition to the account maintenance fees, American Hartford Gold customers will also need to pay a storage fee. This is standard with any company, as the IRS does not allow individuals to act as a custodian and keep their precious metals in their own possession. There are two storage options to choose from: non-segregated/co-mingled storage and segregated storage. The non-segregated storage fee is $100, while the segregated storage fee is $150.
American Hartford Gold also charges a $40 transaction fee for purchasing new precious metals and adding them to your account.
You may be eligible to have some or all of these fees waived as a new customer. Depending on the size of your account, you may qualify for up to three years with no fees.
Why Invest in Precious Metals with American Hartford Gold
There are so many reasons to work with American Hartford Gold invest in precious metals with an IRA. First, Gold IRA holders benefit from the same favorable tax laws offered to traditional IRA holders. This means that your account will be able to grow without having to worry about taxes. You can either pay taxes when you start withdrawing funds or to set up a pre-taxed account.
Beyond the tax benefits that IRA holders receive, there are several reasons to specifically consider investing some of your hard-earned money in precious metals. For centuries, these precious metals have been seen as prized possessions across the globe. They have been used as the basis of currency for several countries. Their long-standing history makes them a more reliable investment than other things that could suddenly lose their value or go bankrupt.
Precious metals are seen as a safe harbor investment. This means that holding them can help protect you and ensure that your wealth stays as stable as possible, even during tough economic times.
Gold and silver are easy to sell, so when you are ready to cash out some or part of your IRA upon retirement, finding a buyer and getting cash will be easy. Because there is such high demand for these metals, they offer fast access to cash when needed.
With manufacturing and medical advancements, new and innovative uses for gold and silver continue to be discovered. Precious metals are currently being used in ways we couldn't have even imagined years ago. As more uses are discovered, it is likely to increase the value of these precious metals even more.
Diversification is a final—and very important reason—to consider investing in precious metals. If all of your wealth is held in the stock market, it leaves you very vulnerable to market ups and downs. If the market dips, the value of your entire portfolio drops with it. However, if your portfolio is diversified and some funds are held in precious metals, you'll be less severely impacted by these market downturns. Historically, gold and silver tend to perform best when the market is low, so they will help balance out your portfolio.
Working with American Hartford Gold to Open a Gold IRA
After reading all of those benefits associated with investing in precious metals, you may be ready to get started right away. American Hartford Gold specializes in working with their clients to open new Gold IRA accounts. A member of the American Hartford Gold team will share information about rolling over an existing, eligible retirement account into a Gold IRA.
Once it is confirmed that your account qualifies for a rollover, American Hartford Gold will work with you and a Gold IRA custodian to transfer the funds out of your current account and into your new retirement account. Then, you'll be able to work with the team member to choose the various gold and silver bars and coins for your account.
American Hartford Gold realizes that this process can feel overwhelming and stressful for individuals, so they have worked to simplify everything as much as possible. Your representative will be there to help you complete the necessary steps and address any question or concerns that come up.
IRA-Approved Coins and Bars
The IRS has created strict rules about the types of coins and bars that individuals may add to their IRA. Many people don't understand this and assume that they can add any gold or silver pieces to their new account, but this is not the case. In order to be eligible for an IRA, gold coins and bars need to be at least 99.5% pure (the only exception to this rule if the American Eagle Gold Coin). Silver coins and bars are required to have a minimum purity level of 99.9%.
American Hartford Gold customers will enjoy a wide selection of IRA-approved coins and bars to choose from. All of the precious metals below satisfy these minimum purity levels from the IRS and can be added to your new Precious Metals IRA when you work with American Hartford Gold.
Special Promotions for Customers
American Hartford runs special promotions for their customers. These promotions are updated on the "Current Specials" tab found under "Buy Gold" and "Buy Silver" on the website. The current special being offered at the time this article was written offers up to $5,000 in free silver and up to three years of no IRA transfer, storage, or maintenance fees. While the website doesn't go into details about how to qualify for this offer, you can reach out to the team at American Hartford Gold to learn more and see if you qualify.
Learn More with a Free Information Guide
Intrigued by what you've read about American Hartford Gold, but still have a few questions? If so, you may want to sign up to receive a free copy of American Hartford Gold's Gold & Silver Information Guide.
This information guide contains valuable information related to investing in precious metals, how the Gold IRA process works, the types of coins and bars you can add to your account and more. To request your free copy of the guide, visit the American Hartford Gold website and complete the form on the home page. You'll just need to enter your name, email address, and phone number, then you'll be able to download the information guide and read more.
Is American Hartford Gold the Right Company for You?
American Hartford Gold is one of the top names in the industry. During their 7 years in the business, they have helped several clients open a new Gold IRA account. The fees they charge are reasonable, and you can even save money compared to some companies that charge a $50 account set up fee. Many new customers can also have the fees waived for their first three years as an American Hartford Gold customer. So, what are your thoughts on American Hartford Gold? Are you ready to contact them today, and open a Precious Metals IRA?