Goldco is a gold IRA company that helps Americans invest in gold for their retirement. In 2006, Trevor Gerszt, the founder of Goldco, realized that millions of Americans wanted to invest in precious metals but didn’t know where to start. He then decided to found Goldco to help people take control of their retirement by providing them with an IRA company that would allow them to buy allocated and unallocated gold through a Gold IRA.
Similar to other companies in this field, Goldco offers both gold and silver investing accounts to invest in the metal of their choice. The company is well-known for its customer service, making it easy for people to buy gold or silver bullion or gold coins through them.
What Services Does Goldco Offer?
Goldco offers four types of gold and silver investing accounts: Gold IRA, Silver IRA, 401(k) Rollover account, self-storage Gold IRAs, and Non-IRA sale of gold and silver.
An IRA is a retirement account that an American citizen can invest in precious metals through a self-directed IRA. To buy gold through the plan, investors must first open an IRA. Then, they can use that account to buy gold or silver through the IRA provider. Customers who want to invest in precious metals like gold and silver can open a Gold IRA with Goldco and buy either bullion or coins through their plans.
Investors looking to invest larger sums of money can also turn to Goldco for help. With a Gold IRA LLC, you can pool multiple accounts with other individuals and invest in gold together.
Because Goldco is an IRA company, they have been offering different IRA plans, which include self-directed 401(k) and rollover options as well as a standard or traditional plan for more than ten years. They also offer segregated storage for your metals so you can be sure that your metals are safe and secure in a highly-secure storage location.
Other services that come with having any type of Gold or Silver IRA with Goldco include:
– Assistance when it comes to the process of buying gold and silver bullion
– Investment advice to help investors make informed decisions when they invest in gold
– Assistance when it comes to the process of transferring an IRA or 401(k) into a Gold IRA
What Are Goldco’s Fees?
For the first year, the IRA account holders with non-segregated storage will be expected to pay a fee of $260, and for the subsequent years, a yearly fee of $180. To find out about Goldco fees, click the link.
If a customer chooses segregated storage for their IRA, they will be expected to pay a one-time fee of $310 in the first year. In subsequent years, they will have to pay a fee that goes towards administration and maintenance costs amounting to $230.
If you happen to afford to open an IRA account of $50 000, the company will offer an incentive by waiving all the first fees. It is also good to note that if your account is $100 000 and above, it will attract a yearly fee increase of an average of $50. For all non-IRA accounts, Goldco charges no storage and transaction fees, hence an added to people in this class.
Goldco Investment Minimums
The minimum investment depends on the type of account you are planning to open. The IRA account requires a minimum of between $20 000-$25 000, whereas those who want to open a non-IRA account will be expected to have at least $3500. As for the maximum investments for IRA transactions, as long as you have chosen Goldco as your IRA company, you have the freedom to invest as much as you can.
Does Goldco Help With Your 401k Rollover?
A 401k rollover is a process in which an individual invests money from his or her 401k into a Gold IRA. By doing so, the person basically transfers some of their old investments to ones that they can invest more heavily in a current asset.
To transfer a 401k to an IRA account with Goldco, all you have to do is find a company that transfers funds and makes sure all the information is correct. The company guides its customers through the process and will take care of all the paperwork so you can rest assured that your funds are in safe hands.
Why Should I Invest In Precious Metals?
-Hedge against inflation
-Diversifies your portfolio
-Secure investment with no counterparty risk
-Preserves your purchasing power
-Can be used as a reliable source of emergency funding
-Cannot be hacked or destroyed thanks to their physical nature
-Never devalue over time