Goldco, established over a decade ago by Trevor Gerszt, is an investment company that strives to assist each investor in making sound financial decisions to set them up for a successful retirement and future financial stability. Goldco is dedicated to providing its customers with expert guidance to help them roll over existing retirement savings accounts, set up new Precious Metals IRAs, or purchase gold and silver coins and bullion for personal collections or investments.
Goldco has a proven track record of providing exceptional service to its customers. The company has earned an A+ rating from the Better Business Bureau and a Triple A rating from the Business Consumer Alliance, demonstrating its commitment to transparency, customer satisfaction, and ethical business practices. In addition, Goldco has received high ratings on various review sites like Trustpilot and Google, indicating that its customers are delighted with its services. With its excellent reputation and satisfied customer base, Goldco is a trustworthy partner to help you invest in gold and silver with confidence.
Goldco precious metals stands out among its competitors, and for a good reason. Here are the top ten reasons why we consider Goldco our number one recommendation for precious metals investment:
There are numerous compelling reasons to explore opening a Precious Metals IRA or rolling over an existing retirement account into one.
Placing all your investments in the stock market can increase your vulnerability to economic downturns or crashes. In contrast, diversifying your portfolio by investing in gold and silver can help mitigate the impact of market downturns since you can rely on your precious metals investment during such times.
In general, the value of gold and silver tends to increase when the stock market is underperforming, making them a viable option for diversifying an investment portfolio. By including precious metals in your portfolio, you can safeguard against market volatility, as at least one aspect of your investments should remain profitable during these times.
Moreover, gold and silver have a long-standing reputation for holding their value over time. As highly sought-after, limited-supply precious metals, they offer a range of uses, from jewelry-making to manufacturing new technology, making them a versatile and valuable investment.
One significant benefit of investing in gold and silver is the ease with which you can liquidate your investment when you need to, such as when you are ready to retire. Due to the high demand for precious metals, finding a buyer and receiving immediate cash should be easy. This contrasts with investing in real estate, which may be less readily liquidated.
Moreover, over the last two decades, gold has experienced a growth rate nearly twice that of the stock market. This remarkable growth rate underscores the potential impact investing in gold could have on your retirement savings.
Goldco specializes in setting up Gold and Silver IRAs, which offer tax benefits similar to traditional IRAs. These benefits include deferring taxes and qualifying for the Retirement Savings Contribution Credit, which enables partial yearly contribution deductions. Furthermore, Precious Metals IRAs allow transfer to beneficiaries without imposing inheritance taxes upon the account holder's passing.
Investing in a Gold or Silver IRA with Goldco offers a unique opportunity to secure retirement savings with precious metals rather than traditional stocks and bonds. Diversifying your portfolio with gold and silver protects your investments from market volatility and provides significant tax advantages associated with IRAs. By holding your retirement savings in precious metals, you can rest easy knowing tangible assets back your financial future with a proven track record of long-term value.
Goldco is proud to hold and maintain excellent customer ratings:
Setting up a Precious Metals IRA with Goldco is a straightforward process you can easily accomplish.
Step 1: Visit Goldco website
Step 2: Request a Starter Kit (photo of sign up form to the right). For Goldco you are required to enter first and last name, email, and phone number to request your Starter Kit.
Step 3: After requesting a Starter Kit, a Goldco precious metals specialist will call you. I received my call within an hour. My husband requested a starter pack on a weekend and didn't receive a call until Monday. So, if you request this over the weekend, expect a call the first business day after.
TOTAL CALL TIME: 6 minutes
Step 4: Check your email for Starter Kit and Educational material
You will receive an email from the Precious metals specialist you spoke with at Goldco with a link to access your Starter Kit. The Starter Kit is a link to their Resource Library. This is jam packed full of useful educational material including:
Step 5: Goldco can help you roll over your current IRA or retirement account into a Gold or Silver IRA. Determining whether or not your account is eligible for a rollover can be confusing since not all account types qualify.
Accounts that are eligible to be rolled into a precious metals IRA are:
If you need clarification on your eligibility, visit Goldco's website to see the criteria for rolling over a retirement account into a Precious Metals IRA. Additionally, if you have any further questions regarding your eligibility or the rollover process, Goldco's team members are available to assist you. Your Precious metals specialist you speak with can serve as a valuable resource throughout this process for any questions you may have.
The great thing with a rollover is that you can maintain the same tax benefits as your current account while diversifying your portfolio.
Step 6: Once your account is funded, it's time to choose which gold or silver investments you want to include. Goldco's team of experts is on hand to guide you through your options and help you make informed decisions based on your unique needs, financial situation, and goals.
As you consider which precious metals to hold in your account, take a moment to consider your preference for coins, bars, or a combination of both. While bars are a popular choice due to their solid gold composition and availability in different sizes, gold or silver coins may be a better fit for your investment strategy. With Goldco, you can customize your Precious Metals IRA to meet your specific retirement goals.
The weight of a gold or silver bar and the current market price of the precious metal determines its value. On the other hand, coins can fetch more than their intrinsic value based on factors such as rarity and demand.
However, IRS regulations limit the type of gold or silver coins and bars that can be held in an IRA. Gold coins or bars must be at least 99.5% pure, while silver coins and bars must be at least 99.9% pure. Despite these restrictions, Goldco provides a diverse selection of gold and silver coins and bars that can be added to a Precious Metals IRA. You can choose from various options, including:
The following are some examples of gold coins and bars that you can add to a Precious Metals IRA:
The following are examples of silver coins and bars available for purchase through Goldco:
Step 7: You can make yearly contributions to your Gold or Silver IRA. The maximum annual contribution for individuals below 50 is $6,000 without incurring penalties. Meanwhile, individuals above 50 can contribute up to $7,000 yearly without penalties. However, it is essential to note that these figures represent the maximum combined total you can invest in your retirement accounts. Thus, if you have other IRAs, you cannot invest $6,000 or $7,000 in each account annually.
Withdrawals: According to IRS regulations, you must be 59 ½ years old to withdraw funds from any IRA. If you cancel before this age, you will incur a 10% fee and income taxes on the funds withdrawn.
According to IRS regulations, an IRS-approved storage facility must store gold and silver in a Precious Metals IRA. Goldco can assist you in setting up secure storage at one of these approved facilities when you establish a Precious Metals IRA with them. In addition, Goldco will securely ship your precious metals to the depository, which can alleviate some of your concerns.
Once you reach retirement age and are ready to start receiving disbursements from your account, you can either receive cash or have physical coins or bars sent to you.
Goldco can assist you with personal investments in gold or silver, either as an alternative or in addition to setting up a Precious Metals IRA. They directly sell a variety of gold and silver coins and bullion that you can choose to hold at your home or set up secure storage elsewhere.
If you want to explore these options further, fill out the form on the 'Contact Us' page, and a team member will contact you to provide more information about the different investment options available.
Goldco's website provides valuable resources for investors looking to make informed decisions about their retirement investments. By clicking on the 'Resources' tab, you can access a range of sections dedicated to helping you prepare for retirement.
One such section offers real-time precious metals prices, which can assist you in monitoring trends and deciding when to invest. You can also use this information to gauge the performance of your investments and determine whether they are increasing or decreasing in value based on the current prices compared to your initial investment. Keeping an eye on precious metals prices can be crucial in making strategic investment decisions.
The website also provides various eBooks, videos, and FAQs to educate clients on investing successfully in gold and silver. The eBooks available for download cover topics such as the American IRA & 401k Crisis, Retirees Guide to IRA & 401(k)s, How to Buy Gold and Silver, 10 Reasons You Should Start a Gold IRA, and 10 IRA & 401k Mistakes You are Making. The video topics include How to Open a Gold IRA, Why Buy Gold, Stock Market Crashes, 5 Reasons to Roll Over Your IRA to Gold, and Can You Trust Mega Banks? These resources can help investors make informed decisions and feel confident in their investments.
Goldco provides a valuable Self-Directed IRA guide to assist prospective investors. The guide highlights the advantages of investing in precious metals and provides information about the different coins and bars that can be included in an IRA. The guide offers step-by-step guidance on setting up an IRA and investing in precious metals.
Don't wait any longer to diversify your portfolio with gold and silver investments. Goldco can assist you in preparing for a financially successful future by setting up or rolling over a Precious Metals IRA. Follow the above guide to start the process!
Michael "Mike" Goldstein, CFP®, ChFC®, is the Founder and CEO of SecureGold Financial Advisors. With over 20 years in the financial industry, Mike specializes in Gold IRAs and precious metal investments. Inspired by his family's history and the financial wisdom of his grandfather, Mike is passionate about helping individuals secure their retirement through stable and guaranteed assets. A Certified Financial Planner™ and Chartered Financial Consultant®, he's a trusted voice in the financial community.