Deciding to add gold and other precious metals to your retirement assets is easy to do. After all, these commodities are excellent hedges against deflation and inflation alike. Plus, price fluctuations are far less than stock market fluctuations, so these investments can add stability to your retirement assets. In order to invest in gold and other precious metals or do a 401k to gold ira rollover, you must open a separate gold IRA. This is a special account that is specifically designed for precious metals investments. While there are several reputable gold IRA companies that you can open an account with, these companies vary in key areas.

Choose Your Gold IRA Company with Care

When you take a closer look at some of the best gold IRA companies today, you will notice that they stand apart from each other in areas like their fees and fee structure. They also differ in the level of support that they provide for each transaction and for setting up a new account. Other important differences are in the types of investments that they offer, the minimum investment amounts and the types of educational resources that are available.

The bottom line is that these critical differences can impact your investment experience from day one. They can affect the profitability of your investment activities as well. With these factors in mind, what are some of the top gold IRA companies available for you to consider today?

Pros

Offers exceptional educational resources, maintains a reasonable fee structure, new account holders receive free silver coins valued at 10% of their initial investment

Cons

Requires a minimum investment

Pros

Transparent pricing, low fees, guaranteed fair pricing, money-back guarantee, silver and gold IRA

Cons

A limited selection of investment options, unable to complete online transactions

Pros

Great customer service, excellent educational resources, several lucrative investment opportunities

Cons

Hidden fee structure, minimum investment requirement

Pros

Minimal investment requirements, many educational resources, flat fee for storage & service

Cons

The flat fee may be high for those with low balances

Pros

Specializes in IRA rollovers, no fees are charged for IRA transfers & rollovers, straightforward structure for storage & annual service fees

Cons

Purchases cannot be completed online, a minimum investment requirement applies

Goldco Precious Metals

Goldco Precious Metals is located in Calabasas, California, and it has been meeting the investment needs of its many satisfied customers since 2006. It offers both gold and silver IRAs, and investors can choose from a wide range of gold and silver coins and bars. Goldco Precious Metals is widely recognized for its hands-on approach to serving its customers’ needs. This is achieved through its exemplary customer service and its many online educational resources.

Reviews and Ratings

Goldco Precious Metals has proudly served many happy customers over the years, and this is evident in the many positive reviews and ratings that it has garnered. For example, it has many five-star reviews from past and current customers available for you to read on Google. This gold IRA company also has earned an A+ rating with the Better Business Bureau, and it is accredited with Consumer Affairs. It also has an AAA rating with Business Consumer Alliance. On top of these accolades, Goldco Precious Metals is highly recommended by Trustpilot and TrustLink. Throughout its history, Goldco Precious Metals has been featured in many shows and publications. These include Fortune, The Sean Hannity Show, Breitbart News, Gingrich 360, Daily Caller and more.

Getting Started

The first step to take if you are interested in opening a new account with Goldco Precious Metals or even if you would simply like to learn more is to order a free kit. This kit includes a written guide as well as a CD and a DVD, and it serves as a complete resource to help you get started with Goldco Precious Metals. You can conveniently request the kit online, but you will need to confirm your mailing address through a quick phone call. To open your account, you simply complete a few fields on the Goldco Precious Metals website. Then, you can work with one of the company’s customer service representatives to finalize the process. When you open a new account, you will receive a lucrative gift. This equals 10% of your initial investment amount in silver coins. The minimum account balance is $25,000.

Buying and Selling Gold

Goldco Precious Metals enables investors to purchase a great selection of both gold and silver coins and bars. The company also has wonderful relationships with many mints located around the world, and it offers personalized assistance with searches for specific investment options. Metals purchased through an IRA will be stored in the approved depository that the company works with. While some other gold IRA companies offer a buyback program, Goldco Precious Metals goes a step above in this area by offering a high-price guarantee.

The Fees

This gold IRA company has competitive fees. Depending on the account balance and other pertinent factors, you will be responsible for an annual fee that ranges from $175 to $225.

The Strengths

When you look at how Goldco Precious Metals ranks against competing gold IRA companies, you will find that it excels in customer service. This may begin before you open your account when you contact the company for more information about its investment options and other pertinent factors. It will continue as the customer service agents assist with your purchases of gold and silver coins and bars.

In addition to being treated to exceptional customer service, you can appreciate easy access to many educational resources. The website is rich with dozens of articles covering a variety of topics. It also has a beginner’s guide to investing that you can utilize to get started. Storage is also handled conveniently through the company so that you can enjoy a turnkey investing experience.

The Downsides

While investing in gold and silver through Goldco Precious Metals has many benefits, it also has a few downsides. For example, its minimum account balance of $25,000 can be inhibitive to new and smaller investors. In addition, some investors may wish to invest in other precious metals as well, such as platinum and palladium. These options are not available through Goldco Precious Metals.

Pros

Offers exceptional educational resources, maintains a reasonable fee structure, new account holders receive free silver coins valued at 10% of their initial investment

Cons

Requires a minimum investment

Augusta Precious Metals

Augusta Precious Metals was established in 2012 with the primary objective of providing a better investment experience to those interested in adding gold and silver to their retirement account portfolio. Gold and silver bullion and coins are available for you to invest in. With a competitive fee structure and transparency throughout your entire investment experience, Augusta Precious Metals makes it easy for today’s investors to make savvy, well-informed decisions. This gold IRA company also has a great reputation for providing elite customer service from day one.

Reviews and Ratings

Augusta Precious Metals is endorsed by former NFL quarterback Joe Montana, and it has an impressive list of satisfied customers. Because of its focus on supporting its customers throughout their account setup and investment experiences, this company has earned and maintained an A+ score through the BBB. It also has received the BCA’s highest score. To learn more about the experiences that other investors have had with Augusta Precious Metals, you can check out the five-star reviews on Google My Business, Facebook and Consumer Affairs. TrustLink and Trust Pilot also are great resources for information about this company. Augusta Precious Metals is a proud member of the National Ethics Association.

Getting Started

If you are interested in learning more about Augusta Precious Metals before opening an account, you can conveniently order a free gold IRA guide online. When you are ready to open a new gold IRA, you can do so without a hassle through the website. In fact, you can get the ball rolling online, and you can complete the rest of the paperwork on the phone with assistance from a friendly customer service representative. This phone call usually takes about 15 minutes, and it covers 95% of the account setup process. Augusta Precious Metals focuses on creating a great customer experience, and it offers reliable, knowledgeable support for as long as your account is active. The minimum account balance is $50,000.

Buying and Selling Gold

While some gold IRA companies enable investors to buy and sell commodities online, Augusta Precious Metals wants to provide white-glove service to customers at every turn. Because of this, transactions must be completed over the phone with personalized support from a customer service representative. In fact, when you set up a new account, a dedicated agent will be assigned to assist you throughout the life of your account. A variety of IRA-eligible gold and silver coins and bars are offered. Additional precious metal products are available for non-IRA investment accounts.

The Fees

Augusta Precious Metals maintains transparency throughout its fee structure. When you open a new gold IRA, you will be responsible for a $50 account setup fee. Account management and storage fees total approximately $180 per year. Transaction pricing is equally transparent and affordable. All fees will be disclosed to you before you make your purchases over the phone with a customer service agent. The company’s fees are waived for the first 10 years that your account is open.

The Strengths

The team at Augusta Precious Metals wants you to feel completely confident about each investment that you make. Because of this, it takes pride in maintaining the highest standards for customer service. More than that, this gold IRA company offers many educational resources. In addition to the introductory kit for new investors, it has a range of market news stories and educational videos on the website. You can also take advantage of the newsletter, the webinar and other resources as you continue to refine your knowledge of gold and silver investing. A private web conference is available with a Harvard-educated economist, Devlyn Steele.

Many customers at Augusta Precious Metals appreciate the company’s focus on transparent pricing and competitive fees. Transparency is combined with a 7-day money-back guarantee to elevate investors’ confidence when making purchases. There is also a strong buyback program for your convenience.

The Downsides

While Augusta Precious Metals excels in many areas, there are a few drawbacks worth considering. For example, some investors may find that it is inconvenient to make investments over the phone rather than online. In addition, other investment options like palladium and platinum are not available. Furthermore, not all of the gold and silver products that it offers are IRA-eligible products. There is a $50,000 account minimum for gold IRAs.

Pros

Transparent pricing, low fees, guaranteed fair pricing, money-back guarantee, silver and gold IRA

Cons

A limited selection of investment options, unable to complete online transactions

Birch Gold Group

Birch Gold Group, which is based in Burbank, California, was established in 2003. In addition to being one of the most well-established gold IRA companies available for you to choose from, this company has supported more than 13,000 customers with their precious metals investment activities. Notably, Birch Gold Group offers its customers convenient access to a range of commodities to choose from. On top of the gold and silver products, platinum and palladium investments are available. Through these options, the company supports more substantial portfolio diversification.

Reviews and Ratings

Birch Gold Group is accredited by the Better Business Bureau, which has given it an A+ rating. Through Business Consumer Alliance, this gold IRA company has an AAA score. A large variety of positive reviews about this company are also found on TrustLink, Trustpilot, Consumer Affairs, GoldDealerReviews.com and Google. In addition, Birch Gold Group has an affiliated partnership with Rand Paul.

Getting Started

You can easily learn more about Birch Gold Group and about gold IRAs in general by ordering the company’s free kit. This is a 20-page informational pamphlet that is available without cost or obligation. Once you decide to open a new account, you will need to choose between several types of IRAs. These include SEP, SIMPLE, traditional and others. Your customer service representative will support you throughout the full setup process. Birch Gold Group has a minimum account balance of $10,000, so funds must be transferred to the new IRA as soon as it is opened.

Buying and Selling Gold

Birch Gold Group offers more than a dozen IRA-eligible precious metals products for you to consider investing in. While many of these options are gold and silver bars and coins, there are also platinum and palladium coins and bars available. After purchase, the precious metals will be transferred to either Brink’s Global Services or the Delaware Depository for secure storage.

The Fees

This gold IRA company has competitive account setup and storage fees. The cost to set up a new account is $50. The annual storage fee is $180. In addition, you will not be responsible for an account maintenance fee throughout the life of your new account.

The Strengths

There are many factors to consider when you choose a gold IRA company, and you may discover that Birch Gold Group excels in the areas that are most critical for you. For example, it has a great reputation for delivering premium customer service to each customer. This begins when you receive expert-level support with the setup of your new account, and it continues with the knowledgeable support of Birch Gold Group’s representatives throughout each new investment.

Birch Gold Group wants its customers to make well-informed investments. In addition to providing a free information kit upfront, this company provides online resources like a tax-planning guide, expert interviews, links to related articles and more.

While there is a minimum investment requirement, you may discover that this minimum is significantly lower than what many other companies require. In addition, portfolio diversification is supported through available purchases of gold, silver, palladium and platinum. Once purchased, these assets may be stored in your choice of two depositories.

The Downsides

Birch Gold Group is a strong option to consider when selecting a gold IRA company. However, it has some weak points. For example, its transaction fees may be difficult to pinpoint. Another example is the minimum investment amount. While this requirement is comparatively low, it may still be inhibitive for some smaller or new investors.

Pros

Great customer service, excellent educational resources, several lucrative investment opportunities

Cons

Hidden fee structure, minimum investment requirement

Noble Gold Investments

Noble Gold Investments first started serving its valued customers in 2016. While this is one of the newer gold IRA companies available for you to consider working with, it has a wonderful reputation and many positive attributes. In fact, it has become notably popular with smaller investors as well as with first-time gold investors.

Reviews and Ratings

This popular gold IRA company focuses on both investor education and customer service. Between these attributes and its flat-rate fee structure, Noble Gold Investments maintains a great reputation with gold and silver investors. In addition to the many reviews posted online from happy customers, this company is strongly affiliated with the Business Consumer Alliance and the Better Business Bureau. It also has been a top-rated company with Consumer Affairs for the last four years, and it has solid standing with TrustLink.

Getting Started

Getting started with Noble Gold Investments is easy to do. While other companies require you to order a starter kit by mail, this gold IRA company’s beginner’s guide is available for immediate download. Opening an account is easy to do as well. In fact, you can walk through the process online in a few minutes. Noble Gold Investments has a minimum investment requirement of $2,000, which is the lowest of any company listed here.

Buying and Selling Gold

Noble Gold Investments offers an excellent selection of IRS-approved precious metals. This includes both gold and silver coins and bars in a range of sizes. This precious metals investment company also offers palladium and platinum coins. You also have the option to invest in rare coins through your IRA. To make a purchase, you must contact your account representative at Noble Gold Investments by phone for personalized assistance. All precious metals will be transferred to a secure depository located in Texas for safe storage. This gold IRA company also offers a solid buyback program.

The Fees

Regardless of the size of your IRA with Noble Gold Investments, you will be responsible for two low fees. These include a service fee of $80 and a storage fee of $150. These low annual fees are competitive compared to the fees charged by many other gold IRA companies.

The Strengths

Noble Gold Investments offers its customer a wealth of educational resources online. These include investment basics, a downloadable starter guide, a library of articles and recent financial news and tips. In addition, this company excels in the area of customer service. Its representatives are both knowledgeable and friendly.

With Noble Gold Investments’ low account minimum, this gold IRA company is well-suited for investors who are getting started with precious metals investments and who may not be interested in investing a large sum of money in gold, silver and other metals at this time. The low, flat-rate fee structure is also advantageous for investors because it enables investors to maintain and grow their account balances more easily.

The Downsides

The most significant downside associated with having a gold IRA with Noble Gold Investments is the fee structure. Because the fees are the same regardless of the account balance, the fees may be disproportionately high for those who have a smaller account balance. Some investors may also find it to be inconvenient to make purchases over the phone rather than online.

Pros

Minimal investment requirements, many educational resources, flat fee for storage & service

Cons

The flat fee may be high for those with low balances

RA Wealth Partners

RA Wealth Partners is a direct affiliate of Regal Assets, and it provides its customers with a convenient portal to connect with this top gold IRA company. Because of this strong affiliation, RA Wealth Partners’ services and investment options are directly related to those offered by Regal Assets. This company was founded in 2019, so it is among the newer gold IRA companies available for you to work with. Nonetheless, it has a great reputation with many strong points that you can take advantage of.

Reviews and Ratings

You can find many glowing reviews of RA Wealth Partners on various reputable websites, and Regal Assets is equally reputable. For example, it takes the 20th placement with Inc. 500. It is also a member of the Forbes Finance Council. In addition to RA Wealth Partners’ positive reviews, Regal Assets has more than 1,700 great reviews of its own. Plus, the Business Consumer Alliance has given it an AAA score.

Getting Started

RA Wealth Partners strives to deliver a smooth IRA rollover process. In fact, the company has tailored a great IRA rollover process for a hassle-free experience that surpasses what you may have with many other gold IRA companies. If you are converting your traditional retirement account into a gold IRA, you will appreciate the hands-on approach that the company takes. Specifically, customer service is excellent throughout the setup process as well as throughout your account’s lifetime. Regal Assets offers an introductory guide that you can refer to before you open your new account. Because there is a minimum account balance requirement, you will be required to fund your account as soon as it is established.

Buying and Selling Gold

You can continue to enjoy personalized attention from a team of knowledgeable associates as you buy and sell precious metals. This is because precious metals can only be bought and sold through RA Wealth Partners over the phone. Investment opportunities include a variety of coins and several bullion sizes for gold, silver, platinum and palladium. You will not pay a transaction fee for selling and buying these assets.

The Fees

Thanks to the low fees charged by RA Wealth Partners, you can optimize the profitability of your gold IRA. When you open a new account, you will not pay a transfer fee or a rollover fee. There are also no transaction fees. In fact, the only fee that account holders are responsible for is a $250 annual fee. This is a flat rate regardless of the size of your account, and it is applied to account maintenance costs and storage expenses.

The Strengths

Because RA Wealth Partners is affiliated with Regal Assets, investors can confidently open a gold IRA despite the company’s relatively young age. This company maintains low fees, which serves to optimize your account’s net profitability. RA Wealth Partners also excels in the level of customer service that it provides throughout the life of the account. It stands apart from other gold IRA companies with the elite service offered during the IRA rollover process.

The Downsides

RA Wealth Partners also has a few downsides that must be considered before you open a new account. For example, compared to other gold IRA companies that you could open a new account with, RA Wealth Partners does not have a robust range of educational resources available for customers to access and learn from. In addition, the flat-rate fee can be disproportionately high for those who have lower account balances. Some investors may also find it to be inconvenient to complete transactions by phone.

Pros

Specializes in IRA rollovers, no fees are charged for IRA transfers & rollovers, straightforward structure for storage & annual service fees

Cons

Purchases cannot be completed online, a minimum investment requirement applies

Gold IRA Guide

It is important to note that not all gold, silver, platinum and palladium products that you find available through precious metals companies are suitable for IRA investing. The IRS requires gold bars and coins to have a purity grade of 0.995 or higher. There are also requirements for other types of precious metals. Because some gold IRA companies offer precious metals for direct purchase outside of an IRA, you should pay attention to the purity grade of the products that you purchase. Collectibles are not permitted for gold IRAs.

Important Tax Rules and Regulations

There are different gold IRA taxation rules in place that you should be aware of before you open a new account. Like a traditional IRA, a gold IRA is tax-deductible. When you remove physical assets from the depository, you are taking a distribution. This impacts your income tax liability, but it is not considered to be a capital gains liability. If you take a distribution from your gold IRA account before the age of 59.5 years old, you may be assessed a 10% tax penalty. However, there are some exceptions to the rule that your tax accountant can help you to explore in detail. Some of these are distributions that will be used for a first-time home purchase, to cover medical expenses and for various other approved purposes.

There are also contribution limits for a gold IRA. Those who are younger than 50 years old are limited to a contribution of $6,000 annually. This bumps up to $7,000 annually for those who are older than 50 years. You can also fund your gold IRA through a rollover from another retirement account. To avoid triggering distribution-related taxation, all precious metals must be stored in an IRS-approved depository.