New accounts receive 10% back in free silver coins
Pros
- Wide-spread educational resources
- Great competitive costs
- New accounts receive 10% back in free silver coins
Cons
- Minimum $25,000 investment on precious metal IRAs
- Lacks interesting offers compared to some other competitors
About GoldCo
Goldco Precious Metals and its account representatives demonstrate a remarkable commitment to provide prospective and current customers with comprehensive information to help them make informed decisions. For this reason, Goldco Precious Metals has been selected as the gold IRA company with the most exceptional customer support.
Goldco assists individuals in securing their retirement investments or transferring funds from a 401(k) or similar plan by collaborating with key self-directed IRA custodians. The gold or silver IRA is securely kept in a depository until you reach 59 ½ years of age. At this point, you can select distributions in cash or precious metals. Moreover, Goldco offers educational resources like seminars and webinars to help clients make informed financial decisions regarding gold investments. They also provide a complimentary kit that aids in investing in precious metals without incurring tax or penalties.
How does it work?
Establishing a retirement account integrated with precious metals isn’t overly complex, yet it requires adherence to specific regulations. Goldco streamlines the process of initiating a self-directed IRA or transferring an existing retirement scheme to a new IRA. To begin a precious metals IRA with Goldco, individuals can get in touch with a Goldco specialist via phone and consent to the terms and conditions outlined by Goldco.
Once your self-directed IRA is established, you’ll be required to finance the account by either transferring existing retirement funds or investing new funds. Eligible retirement accounts for rollovers are as follows:
- 401 (k)
- 403 (b)
- Savings
- IRA accounts
- TSP or Thrift Savings Plan
Your IRA investments will be overseen by a custodian and securely stored in an IRS-approved facility. With arrangements made through your custodian, visiting your investment at the storage facility is a possibility. While a precious metals IRA doesn’t permit storing gold or silver investments at home, you have the option to purchase coins or bars directly from Goldco and have them delivered to your residence.
What does GoldCo Offer?
Goldco provides customers with the opportunity to invest in precious metals IRAs along with options to buy them directly.
- Gold IRA: This enables the ownership of physical gold in different forms like coins, bars, and ingots. Goldco ensures these gold coins meet IRA standards, with a 99.5% purity level. The company provides a repurchase guarantee for gold coins approved by IRA as per IRS regulations. All IRAs require custodians, who safeguard and manage assets as authorized by the owner. Goldco securely stores these gold resources in an IRS-compliant depository. At age 59 1/2, you can withdraw the assets without penalties, either as original assets or in cash from selling the precious metals.
- Silver IRA: Much like the Gold IRA, their silver IRA enables the inclusion of ingots, bars and silver coins within your precious metals IRA. The same applies to platinum and palladium. Silver coins must meet a 99.99% purity level to be IRA-eligible. Goldco often provides special silver bonuses for customers initiating a precious metals IRA.
- Gold Bars: Goldco provides IRA-eligible gold bars in various sizes and weights from multiple producers. Similar to their coins, these bars are available for private purchase or inclusion in your IRA. Contacting a specialist is required for their acquisition, and they can be stored in your IRA, depository, or shipped to your home for safekeeping.
- Silver Bars: Similar to Goldco’s gold bars, their silver bars are available for purchase to use within your precious metals IRA or for private possession. These bars, originating from different producers, vary in weight and are offered for investment or individual ownership.
- Gold coins: You have the flexibility to purchase gold coins even if you don’t opt for a precious metals IRA. By directly contacting a Goldco specialist, you can acquire these coins, which will then be delivered to your preferred depository or directly to your home. There is a wide range of options available, including coins from mints in various countries like the New Zealand, Canada, Australia, UK, Netherlands and U.S.
- Silver Coins: Goldco presents an array of silver coins, such as the U.K.’s famous Silver Britannia series, Silver Veteran, the Australian Crocodile and also the famous Silver WWI and WWII coins.
Customer Services and Support
Goldco Precious Metals stands out from other gold IRA companies by going to great lengths to present investment information in a well-organized and impartial manner to gain the full trust of its customers. Founded in 2006, Goldco Precious Metals has established a reputation for delivering exceptional customer support.
Goldco’s customers enjoy “white-glove service” from account setup to their most recent transaction, including direct access to a specialist to guide them throughout the process. Goldco urges its customers to take full advantage of the extensive education center available on its website. In addition to several e-books and a comprehensive list of videos, Goldco provides an in-depth blog covering a wide range of investing topics.
Goldco’s customer-centric approach has resulted in nearly flawless ratings on Consumer Affairs and Trustpilot, showcasing their commitment to delivering exceptional customer service.
To initiate an account, contact GoldCo’s account representative via phone at 1-855-450-1394. For prompt assistance, the company recommends calling Monday through Friday, from 7 a.m. to 4 p.m. PST.
Gold IRA Cost
The gold and silver prices aren’t readily accessible online from Goldco. You need to contact them via phone or email for the current pricing. The annual IRA fees for storage and custodians range between $75 and $300, depending on your account size.
Conclusion
Goldco stands as a reputable leader in the precious metals sector. Renowned for its fair pricing, informative resources, reasonable fees, and expert customer service, it’s a standout choice. Its extensive industry experience positions Goldco as the benchmark for exceptional precious metal IRAs.
