How To Setup A Gold IRA With Goldco

How To Setup A Gold IRA With Goldco

Are you concerned that inflation may make your retirement savings less valuable when you retire? If so, you might consider opening a precious metals IRA (Individual Retirement Account) also known as a gold IRA . You can use a precious metals IRA to supplement your retirement funds with a real, valuable asset, such as physical gold or silver.

Your hard-earned money could eventually lose value due to the erratic stock market, rising inflation rates, and the diminishing value of the dollar. The US dollar is just a fiat currency that is no longer backed by anything, whereas precious metals like gold and silver have maintained their worth for hundreds of years and are actual commodities in demand around the world. 

Because the value of precious metals isn’t dependent on the strength of a currency or the performance of the stock market, they sometimes perform best in economic downturns. As a pioneer in the precious metals sector, Goldco is unquestionably among the Best Gold IRA Companies. Goldco has more than a decade of experience assisting its customers with safeguarding their retirement funds with precious metals.

If you are thinking about rolling over existing retirement savings into a gold IRA or starting a new gold IRA, then Goldco is the company for you. A Goldco specialist can assist you with securing your assets with a precious metals IRA if you have an IRA, 401(k), 403(b), TSP, savings, or other tax-advantaged retirement plan or savings account.

What You Should Know About Goldco

How To Setup A Gold IRA With Goldco

Goldco is an expert in precious metals-backed IRAs and has worked hard to become one of the best companies in the US for precious metals.

Since its inception, Goldco has expanded its customer base by developing meaningful and long-lasting business ties with thousands of its customers.

The Founder’s objective for Goldco was to offer customers—even novice investors—clear, upfront assistance with setting up their own self-directed IRA accounts and making gold and silver investments.

A well-diversified investment portfolio requires a good mixture of physical assets, such as precious metals, for extra stability and protection from political and macroeconomic instability.

The precious metals in a gold IRA are directly owned by the investor, managed by an IRA custodian, and stored in a bullion depository.

How Goldco Helps

For investors searching for hands-off asset diversification, a Goldco gold or silver IRA could be an important option. A gold or silver IRA gives you the option to invest in precious metals as a form of hedging against inflation, recession, and potential loss of value of paper investments.

With gold and silver, you don't need to devote a lot of time to market research like you would when investing in a variety of stocks, bonds, or mutual funds. After funding your account, you simply select the gold or silver bullion you want from the various coins and bars Goldco offers.

Just like any other IRA account, a Goldco precious metals IRA offers customers looking to save for retirement a tax-advantaged investment opportunity.

The Investment Process Explained

How To Setup A Gold IRA With Goldco

Opening a self-directed IRA with Goldco is a straightforward procedure. And it all begins with a call to one of Goldco’s precious metals specialists.

One of the most popular options for funding a precious metals IRA is by rolling over or transferring assets from existing retirement accounts. You have the option to transfer funds in your current retirement account to a precious metals IRA. But you can decide what you want to move from your retirement savings into a precious metals IRA, as proper diversification is important to today’s retirement savers. 

Once you have decided how to fund your precious metals IRA, you must decide on which gold and silver coins or bars you want to purchase. Goldco offers a wide range of gold and silver coins and bars.

You have the option to sell your metals back to Goldco at the highest price buy back guarantee or to a third-party dealer when you desire to cash out.

Products That Goldco Offers

Goldco provides a variety of precious metals products. 

Gold Coins

Gold Coins

Gold coins are among the most popular gold investment options today for retail buyers. Buying gold coins gives you the ability to benefit from any rise in the gold price while also giving you a physical asset that is highly in demand in a very liquid market.

Goldco offers numerous IRA-eligible gold coins, including the Gold American Eagle, the Gold Canadian Maple Leaf, and many options from the Perth Mint, the New Zealand Mint, and many other mints around the world. 

Silver Coins

Silver Coins

You can also buy silver coins, which are cheaper to buy individually than gold coins. Silver is a highly sought-after precious metal due to its practical applications in jewelry and industry, and because it can sometimes appreciate in value quicker than gold during a bull market.

Goldco offers popular silver bullion coins including the Silver American Eagle, the Silver Canadian Maple Leaf, the Silver Canadian Lucky Dragon, and numerous other choices from mints around the world.

Self-Directed Gold or Silver IRA

Self-Directed Gold or Silver IRA

Self-directed gold IRAs and silver IRAs provide the same tax benefits as any other IRA, but you can invest in tangible safe haven assets: gold and silver. While paper money loses purchasing power over time as a result of inflation, gold and silver maintain purchasing power and value over the long term.

You can start a gold IRA with Goldco from scratch or fund it with funds from other retirement accounts. For example, if you already have a 401(k), 403(b), IRA, TSP, or similar retirement account you can roll over or transfer your assets to a gold IRA without incurring any tax penalties. 

Direct Purchases

Direct Purchases

For those who don’t want to touch their tax-advantaged retirement accounts, or who want to protect their cash or cash-equivalent investments, Goldco offers the option of direct cash purchases. There are no restrictions on direct purchases. Anyone can choose to buy gold or silver directly and choose from the coins and bars Goldco has available. Direct purchasers have the option of storing their precious metals in a secure vault or taking direct possession of the gold and silver they buy.

Gold IRA Fees

How To Setup A Gold IRA With Goldco

The required minimum purchase at Goldco to start a gold IRA is $25,000. Instead of a percentage of assets, Goldco’s preferred Custodian charges a flat annual fee

The Custodian charges a one-time fee of $50 to set up the IRA, as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Fees for gold storage and custodianship vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually.

Goldco Storage Options

All of your precious metals will be stored in a secure vault at an insured depository when you open a precious metals IRA. Physical metals funding for a precious metals IRA account must be maintained by a depository and administered by the custodian, just as assets in any other IRA must be managed by a custodian.

To protect your precious metals holdings, Goldco works with the best storage providers in the industry, who offer cutting edge security and technology.

Delaware Depository is Goldco's default storage provider. Delaware Depository has over 20 years of precious metals storage experience and is a licensed depository for CME Group and the Intercontinental Exchange.

Goldco’s storage facility providers offer secure vault storage and numerous layers of security to ensure that your investment remains safe and secure.

How to Get Started With Goldco

If you decide to open a gold IRA with Goldco, you can do so in just a few simple steps:

  • Create the gold IRA: First, choose the type of investment account you want to open. You will be required to sign several company agreements and provide your personal information.
  • Choose a custodian: Custodians are required by the IRS for any type of IRA, including gold IRAs. The custodian assists you in managing and tracking your gold or other precious metal assets.
  • Contribute to the gold IRA: Following that, you will either roll over your existing IRA or 401(k) savings or make the required minimum contribution. Your first investment could be in a standard currency that you'll use to buy precious metals.
  • Purchase precious metals: You can use your money to buy whatever precious metals you want, including gold and silver. A gold IRA is the most popular, but silver has many advantages as well.
  • Continue to contribute to your gold IRA: After you've set up your gold IRA account, you can continue to contribute as much as you want (subject to IRA regulations).

Benefits of Investing in Gold in Silver

How To Setup A Gold IRA With Goldco

If you want to save for retirement, precious metals IRAs offer you the opportunity to hedge against inflation and diversify your assets with gold and silver through a tax-advantaged account.

A Gold IRA account can provide you with a variety of benefits. These include hands-off investing because a silver or gold IRA requires little effort to maintain and grow. You will be assigned an account administrator who will send you a catalog of available bars and coins. As a result, you can simply select the precious metals you want to buy.

Keep in mind that you can buy a variety of gold and silver with a gold or silver IRA. American Eagle, Canadian Maple Leaf, Australian Saltwater Crocodile, and silver and gold bars are among them.

Goldco has a strong and well-deserved reputation for customer service and customer satisfaction, and it is highly rated on several reputable review platforms. Goldco’s reviews testify to the fact that the process of rolling funds into a precious metals IRA is not only easy but also simple to understand.

Your retirement portfolio is supposed to keep you going for many years after you retire. So any changes to these investments should be taken seriously. Goldco has extensive experience with precious metals IRAs and the precious metals market, and Goldco’s IRA specialists know all the rules governing precious metals IRAs.

Goldco strives to make the logistics and paperwork required to move your existing retirement assets into tangible physical investments as simple as possible. Goldco has built up relationships with IRA custodians, bullion depositories, and mints producing gold and silver so that you can buy and store the gold and silver you want as quickly as possible.

A precious metals IRA can be an excellent choice for those looking to protect their retirement income. Gold and silver have helped protect numerous investors over the years, and have served as inflation hedges and safe haven assets for centuries.

With thousands of satisfied customers and over $1 billion in precious metals placements, Goldco has established itself as one of the most successful companies in the industry. And with a reputation for transparency, honesty, and unparalleled customer service, Goldco hopes to continue to serve its customers well into the future. 

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