Goldco Review – Reveling The Dirty Truth
Goldco offers IRS-approved gold and silver coins, as well as gold and silver IRAs. Customers have overwhelmingly favorable things to say about the company. (You can even get 10% Back in FREE Silver… EX: When you invest in Precious Metals with $100,000, you will receive $10,000 in FREE SILVER!)
Affiliate Disclosure: The owners of this website may be paid to recommend Goldco Direct. The content on this website, including any positive reviews of Goldco Direct and other reviews, may not be neutral or independent.
Goldco Review
Goldco is a premier, award-winning gold and silver broker that was founded in 2006. Transferring funds from an existing 401(k), 403(b), 457, pension, or Thrift Savings Plan (TSP) account to a self-directed gold IRA is made simple by the company. Roth IRA rollovers and conversions are also available through Goldco.
Goldco’s mission is to educate clients about precious metals investing and to protect their retirement funds. Clients are guided through every stage of the gold IRA rollover procedure by the organization. Gold and silver can also be purchased from Goldco for use outside of a retirement savings account.
Goldco Overview
Goldco recognizes how difficult it can be to save for retirement. Even when investors do everything properly and invest their money in the stock market for decades, their fortune might be wiped out just as they prepare to retire.
Many investors were affected by this sad incident in 2008, and they learned that wealth may be lost far more quickly than it can be obtained.
Goldco offers retirement packages that are backed by genuine precious metals rather than paper assets to help consumers avoid market crashes like the one that occurred in 2008. There are several reasons why investors may want to invest in physical precious metals, according to Goldco:
- Tax benefits — Gold IRAs, like normal IRAs, allow you to accumulate gains tax-free.
- Rollover comfort – Transferring existing retirement money into a gold or silver IRA is quite simple and frequent.
- Financial stability – There is no significant risk of inflation because the supply of gold only increases by a small amount each year. In comparison, the typical annual rate of inflation for fiat currencies is around 2-3 percent.
- Appreciation of wealth – Despite the fact that gold supply has remained stable, the price has risen steadily over time. Since 1971, it has actually outperformed the stock market.
- Diversification – Buying gold can protect you from inflation, currency risk, default risk, regional risk, and financial crises. This security is a luxury that other asset classes do not provide for those approaching retirement.
Pros
- For the duration of your investment, you will receive white glove treatment.
- A fantastic buyback program
- A good reputation a variety of storage choices depending on your needs
- On eligible orders over $50,000, get 5% back in free metals.
- On eligible orders of $50,000 or more, the first year’s fees are waived.
Cons
- For gold IRAs, the lowest minimum ($25,000) is not the lowest.
Fees & Prices
Goldco charges fees for both opening a new account and assisting with the 401(k) rollover process (if needed), as well as an annual fee for depository storage and insurance.
Year 1 costs $260. This includes the cost of opening an account as well as the cost of storage and insurance for the entire year.
$180 – for storage and insurance on an annual basis.
First year fees waived on accounts with $50,000 minimum.
Storage
- Gold and silver IRAs from Goldco are held in a few different depositories.
- DDSC is the favored method. — Non-segregated: $100 (recommended)
- Brinks $100 for non-segregated IDS in Salt Lake
- City Texas – $150; only separated rooms are available.
- Non-IRA transactions are stored for free if the customer decides not to have them delivered to their residence.
Minimum
A $25,000 minimum purchase of gold and silver in an IRA is required.
Outside of an IRA, the minimum purchase is $3,500.
Why Gold?
Take a look at the chart of Gold. This is over, 30 years and you can see it slowly turns out good profits. A relatively safe investment and a great investment against inflation, gold continues to be a great choice for new and old investors.
How to Open a Goldco Precious Metals IRA
Goldco’s investing experts may assist you through the process of opening an account, but it will normally look like this:
- Decide on an IRA.
A standard self-directed IRA or a self-directed Roth IRA are also options. The best option is usually determined by how you want to finance the account. (A self-directed Roth account is likely the best option if you’re rolling over funds from a Roth IRA.)
- Determine your source of funding.
Decide how you’re going to fund your new account. The majority of investors use money from other retirement accounts such as IRAs, 401(k)s, and 403(b)s. Simply transfer a portion or all of your existing funds to your new account. - Select a custodian and complete the papers.
The next step is to select a gold IRA custodian. These will be either Self Directed IRA Services or Equity Trust, the company’s preferred custodians, if you utilize Goldco. After you’ve completed the custodian’s documentation, you can open an IRA account and start investing.
- Put money into your new account.
After that, you’ll need to finance your new account. You can request a transfer from your current 401(k) or retirement account holder if you’re rolling over funds. You should consult a tax professional first to ensure that you’re following IRS guidelines and minimizing your tax liability. - Purchase your metals
Finally, you’ll select the gold and silver that has been approved for purchase. Goldco’s investing experts can assist you in selecting the appropriate metals for your portfolio, as well as coordinating the purchase, delivery, and storage of your assets.
Products and Services
Gold IRA – An Individual Retirement Account (IRA) that holds physical gold (or other permitted precious metals) for the account owner is known as a gold IRA. It’s comparable to a Traditional IRA, but instead of paper assets, it holds physical precious metals.
Silver IRA – A silver IRA is similar to a gold IRA in that it employs silver to store the owner’s wealth. The most significant distinction between silver and gold is that silver is noted for generating greater percentage price gains than gold. This may appeal to investors who are more concerned with increasing their money.
401(k) Rollover – You can rollover your 401(k) into a Traditional IRA or a Roth IRA with them. Customers may want to put their money in an IRA (Individual Retirement Account) rather than a 401(k), which is sponsored by a firm, because they will have more control over it. Stocks, bonds, precious metals, ETFs, and other investments are available through IRAs.
Goldco now allows you to invest in Simple IRAs and SEP IRAs in addition to gold and silver IRAs.
Employee Savings Incentive Match Plan (SIMPLE IRA) Employees and employers can contribute to traditional IRAs set up for employees under the IRA plan. It’s suitable as a start-up retirement savings plan for small businesses that don’t have a retirement plan yet.
SEP IRA – A Simplified Employee Pension IRA is a form of retirement plan offered by financial institutions for business owners to provide retirement benefits to themselves and their employees.
Customer ratings
Not every gold IRA company is the same. Scams are very widespread in this industry. It’s critical to thoroughly analyze your options to ensure you avoid these frauds while also receiving the greatest service and investing advice. Customer feedback and ratings may be useful in this regard.
Goldco reviews are positive across all rating sites, as you can see below. On March 15th and 20th, the ratings were double-checked.
| Source | Rating |
| Better Business Bureau | A+ |
| Trustpilot | 4.8/5 stars |
| 4.7/5 stars |
Where do my precious metals get stored at Goldco?
Goldco does not keep your precious metals directly, but they do have connections with a number of secure depositories across the country. Your investment advisor will point you in the direction of the most appropriate depository for your needs.
Is it possible to track the progress of my precious metal investments?
There doesn’t appear to be any kind of customer dashboard or other means to track performance through Goldco. Equity Trust and Self Directed IRA, on the other hand, are the company’s custodians. Both appear to feature client dashboards that you may utilize to keep track of your investments.
How do I get money out of my account?
Though you can potentially take assets from your gold IRA at any time, doing so before the age of 59.5 will result in a 10% penalty. Withdrawals are tax-free once you reach the age of 59.5.
According to IRS guidelines, you must begin taking minimum distributions by the age of 72.
Alternatives to Goldco can be found in the following places.
Goldco can assist you with establishing an account, funding it, and purchasing gold and silver investments. Keep in mind, though, that this isn’t your only option. There are several precious metal IRA firms to choose from, so shop around if you want the best service and costs. To get started, use our gold IRA instruction.
Are the precious metals I buy for my IRA guaranteed in value?
The future value of precious metals, like all investments, is not guaranteed and fluctuates based on market factors.
What is the time frame for converting a Traditional IRA to a Gold IRA?
The average time to complete an IRA rollover is two weeks. Each Goldco application, however, is unique, and processing time varies per case.
Is it possible to buy precious metals from Goldco without having a Gold IRA?
Yes, they may buy gold for you and deliver other precious metals to your address.
What is the process for converting a current IRA or 401k to a Gold IRA?
For you, they open a new Goldco Precious Metals IRA. They assist you in funding your new account with assets from your existing IRA (no penalties apply, and you don’t need to contribute any additional funds). They’ll help you choose the precious metals that are appropriate for your financial goals once the transfer is complete.
Risk Disclosure: Investments of any kind involve risk, including gold, silver and other precious metals. Customers who are interested in investing should consult with a licensed professional investment advisor. Consumers should proceed with caution when being told that any investment is guaranteed, as past performance does not guarantee future returns.
Disclaimer: The owners of this website may be compensated to recommend specific companies, products or services. While we strive for accuracy, the content of this website, including recommendations and any negative reviews, may not be independent or neutral.
