Goldco is a leading precious metals provider specializing in gold and silver IRA’s, especially IRA rollovers. The company facilitates either converting cash into physical gold and silver, or facilitates the transfer or rollover from their existing IRA, 401(k), 403(b) or other qualified retirement account to a Gold IRA.
Based on the numerous positive reviews currently online for this company, they are a top-rated service.
They are in business for 14 years and are based in California. They have been accredited with the Better Business Bureau since 2011 and have an A+ BBB Rating. There are 131 customer reviews on the Better Business Bureau website (as of July 10 2021) giving the company an impressive rating of 4.9 stars out of 5.
The review service Trust Pilot, which compiles reviews from actual customers, gives Goldco a rating of 4.6 stars out of 5 and characterizes their rating as “Excellent.”
Google reviews are positive also. There are currently 312 reviews on Google (July 10 2021) with a rating of 4.8 stars out of 5.
Other rating services rate them highly as well.
Watch this video from Goldco about Silver
Goldco Gold IRA
What Exactly is a ‘Gold IRA” or Silver IRA or Precious Metals IRA?
A Gold IRA, Silver IRA or Precious Metals is like any other retirement account but with the additional ability to invest in physical gold, silver, platinum and palladium metals.
Physical precious metals (gold, silver, etc.) or other approved are held in custody for the IRA account owner. These type accounts function the same as any regular IRA, but instead of holding paper assets such as index funds, other mutual funds, money market funds or individual stocks, etc. the IRA holds physical bullion in the form of coins or bars.
Goldco Silver IRA
So the term Gold IRA (or Silver IRA or Precious Metals IRA) refers to a specialized type of Individual Retirement Account that allows investors to hold gold precious metals investments which can be made up of gold and silver, platinum or palladium. These precious metals can be in the form of bullion or coins.
With a gold IRA the contribution limits and rules about distributions remain the same. Investors can open gold IRAs through companies such as ‘Goldco Precious Metals’.
Gold IRA is an IRA that permits account holders to invest in precious metals coins or precious metals bullion.
Individuals can set up a precious metals IRA through a special custodian or broker such as ‘Goldco’.
The IRS permits self-directed IRA holders to purchase gold, silver, platinum, palladium bars or coins.
These type accounts generally have higher fees than ordinary IRAs since they require purchasing and storing the actual physical product.
Precious Metals IRA’s can also be invested in gold-related paper investments, such as exchange traded funds (ETFs), stocks in gold or silver mining companies, precious metals mutual funds, and so on just like in traditional IRA’s.
Traditional IRA custodians are typically not set up to allow investments in Physical precious metals so investors must seek out custodians such as ‘Goldco Precious Metals’.
The IRS contribution limit for the 2021 tax year is $6,000 for a standard IRA. If you’re 50 or over, you can contribute an additional $1,000 for a total of $7,000.
There are storage rules for Gold IRA’s and Silver IRA’s. Account holders must keep their physical gold at an IRS-approved facility, such as a bank or other depository or with an approved third-party. This means you can’t store your assets at home.
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