Those who want to diversify their portfolio and save for the future can find excellent investment options in Gold Individual Retirement Accounts (IRAs).
Gold IRAs allow you to hold precious metals, such as silver, gold, platinum, and palladium – all considered hedges against market volatility and inflation.
In addition, a Gold IRA account usually provides the same tax benefits as traditional IRAs, mutual funds, bonds, and others. Therefore, they have become the top choice for precious metals enthusiasts.
However, before opening one of these accounts, you must choose a reputable Gold IRA company to work with.
When it comes to physical gold or silver investing, many people think of Augusta Precious Metals. It’s one of the most recognized distributors of these hard assets.
However, there are many other institutions that you can consider if you have thought about investing in gold coins or silver bars for your retirement. Do you want to know which are the best Gold IRA companies? Read on and find a complete review of three top alternatives: Goldco, Rosland Capital, and Lear Capital.
What Will I Learn?
- What All Three Precious Metal IRA Companies Do Well
- What Each One Excels at
- Knowing More About Each Gold IRA Company
- Verdict: Which Is the Best Gold IRA Provider?
What All Three Precious Metal IRA Companies Do Well
Before delving into each Gold IRA company, it’s essential to know the functions that all three share and perform well.
Rosland Capital, Goldco, and Lear Capital offer three basic services for all people interested in opening Precious Metal IRAs. Those are account setting up, gold or silver bullion purchase, and rollover.
In these areas, the three companies not only meet your safe and secure investing needs but can exceed your expectations.
Setting up an IRA
As soon as you contact a Gold IRA company, one of the first steps is setting up your account. At this point, the institution you choose must provide all the information you need to open an IRA and advice on its processes to buy precious metals. Rosland, Goldco, and Lear offer all these details and services right out of the box.
Do you want to know which is the best and most reliable option among the three Gold IRA companies? Question everything you have on your mind! Goldco offers the highest buyback rate in the industry, supporting all investors, for example. It’s one of the things you should be aware of when setting up your account.
Buying Physical Gold and Silver
If you’re looking for the added security that only physical assets can give you, all three Gold IRA companies offer coin and bar options that you can hold at home or in a storage facility.
Unlike Lear Capital, Goldco and Rosland list precious metal prices on their websites.
Gold IRA Rollover
Many investors hope to purchase precious metals to diversify their portfolios, expecting to protect their wealth against sudden changes in the market and inflation.
Are you one of them? Rosland, Lear, and Goldco may be the best options! All three Gold IRA companies allow you to take funds from another defined-contribution account, including a traditional IRA or 401(k), to fund a Gold IRA.
However, if you’re looking for convenience, know that Goldco makes this process simple and less time-consuming.
Note: Rosland offers the service but does not provide enough information about it.
What Each One Excels at
Now that you know that all three can help you if you plan to open a Gold IRA, you should know how each differs from the other.
Do any of these Gold IRA companies perform better than the others? Find the answer below!
Lear Capital: Advantages and Disadvantages
If you are looking for a trustworthy Gold IRA company, Lear Capital is the one you need! It has operated in the Gold IRA market for over two decades.
In addition, these are some of the advantages that Lear Capital promises:
Stellar reputation established for more than 20 years
Excellent customer service
IRA packages with storage and maintenance fees covered for up to three years (you can receive refund checks for all fees)
Low annual ($200) or monthly (less than $20) fees through affiliates
Installation fee covered with any investment over $10,000
However, there’s a downside:
Lear Capital does not reveal the price of many coins! You won’t be able to get information about how much you have to pay to acquire gold or silver bullion there unless you call the company.
Rosland: Advantages and Disadvantages
As one of the most popular Gold IRA companies, Rosland has become the favorite choice of many investors thanks to its lines of promotional and special products.
Are you looking for a precious metals IRA? This company always offers various innovative products and new packages perfect for those who want to invest or buy gold coins or other types of goods.
However, not everything is rosy. There’s a major drawback to Rosland’s catalog: some of its products aren’t approved by the IRS for an IRA. In other words, even if you receive fine gold of the highest purity, you will not be able to store it in a retirement account.
Also, many of the coins offered by this company are not legal tender. Therefore, you will not be able to spend them either!
Goldco: Advantages and Disadvantages
There are just a few Gold IRA companies that provide customers with all the information they need to create their accounts. Furthermore, it was founded in 2006, which means that it has been operating in the market for almost two decades and offering Gold IRAs.
Here are some of Gold’s key advantages:
Specializes in Silver and Gold IRAs
Has 15 years of experience in Gold IRA rollovers
Growing client base
High ethical standards
Here’s more information with considering:
Goldco promises to treat its clients with first-class service at every stage of the process, from opening their Gold IRA accounts to acquiring precious metals. In addition, this company offers educational resources to help people learn what they need to do to purchase precious metals with their self-directed IRA and encourages their customers to use them!
Goldco has built a solid reputation as one of the best Gold IRA providers thanks to its customer-centric business!
Although you must contact the company to obtain information about its fees, minimum investment, and custody, Goldco offers a free gold IRA guide for those who hope to enter this world! You only have to give your contact information to receive this valuable educational resource!
Knowing More About Each Gold IRA Company
Goldco – One of the Best Gold IRA Companies to Invest in
Out of the three companies mentioned in this review, Goldco is probably the most famous one. It not only has a myriad of happy clients who have left reviews but also numerous celebrity spokespeople, who often talk about the benefits of investing with this organization.
What Is Goldco?
Goldco is a broker that offers you different investment alternatives. It has over a decade of experience in helping clients protect their retirement savings, and it’s one of the companies with the best ratings online.
This company is based in Los Angeles, California, and its main goal is to provide Americans with options to ensure their financial security. Therefore, the organization’s primary value is stability.
What Goldco Offers You
Goldco offers some of the best gold IRA alternatives because its business model revolves around stability. The company gives you real-time and historical data about gold, which helps you make your financial decisions.
It has a catalog of around 15 coins for you to choose from. At first, you might think that you’re not getting as many alternatives as you want, but keep in mind that Goldco’s selection includes only the most stable options.
To grow your investment portfolio with this company, you have to pay different fees. These are as follows:
$100 annually for non-segregated storage
$150 for segregated storage
$80 per year, which goes to maintenance
One-time charges, $50 as a setup fee and $30 to deposit funds by wire
Taxable accounts don’t have to pay fees of any kind
To start a gold IRA account, you need to have a balance of at least $25,000
You need at least $3,500 in balance to open a taxable account
Unfortunately, there is no information on whether or not Goldco offers storage alternatives. If you want to know, you’ll have to ask customer support and see if they give you any options.
Rosland Capital – A Leader in Precious Metals
This is one of the best gold IRA companies to consider, and it’s different from others because of its special and promotional product lines. However, many people think that this is a disadvantage as well.
Rosland offers numerous Silver and Gold IRAs, but sometimes these special and promotional product lines are novelty coins and aren’t approved by the IRS. In other words, they’re not legal.
This is a crucial disadvantage to consider because even though you’ll be getting your precious gold or silver bullion, you can’t spend it, and you can’t store it in an individual retirement account.
The History Behind the Company – What Is Rosland Capital?
People have believed that precious metals are valuable since thousands of years ago, and some records of this go as far as the Egyptian dynasty. Gold and silver are the most popular options, and this is why numerous companies offer them as an investment alternative.
Rosland Capital is a popular broker, and the company’s values center around the historical meaning of precious metals. Furthermore, it’s devoted to helping clients with their gold or silver IRA.
Rosland Capital started in 2008 and its CEO is Marin Aleksov. Nowadays, the business operates in Santa Monica, California, and it helps clients in Hong Kong, the US, the UK, Germany, and Sweden.
What Does Rosland Capital Offer?
Rosland Capital’s store section has numerous alternatives, and for some, it might be hard to understand. However, its offers are so varied that you’ll probably find what you’re looking for.
With Rosland Capital, you can get exclusive specialty coins, gold coins, IRA-eligible products, silver, platinum, and gold bars, Formula 1, and PGA TOUR.
This company considers education as one of the most crucial areas to strengthen, so it offers different guides for you to understand your investment journey. If you want, you can download the “Get my free gold kit” ebook, which explains the basics of precious metals IRAs and investing in gold bullion.
Rosland Capital’s Fees
This company doesn’t charge its clients for assisting with creating a precious metal IRA. Instead, customers have to pay different fees to Equity International, and these are as follows:
A setup fee of $50, which is a one-time payment
$100 a year for maintenance expenses
Annual storage fees, which can range between $100 and $150 depending on what you choose
A $40 fee if you want a copy of your statements (those who get digital copies don’t have to pay any fees)
Extra payments for storage, which depend on what you need
Unfortunately, the Rosland Capital website doesn’t offer any information on its storage options. Therefore, if you want to know the details, you’ll have to contact the company.
Lear Capital – A Fantastic Gold IRA Company to Consider
Unlike Rosland, Lear has been one of the most famous companies in the industry for over 20 years. Throughout the organization’s growth, it has developed a reputation for offering top-notch customer service. Thus, you can relax from the start because you’ll be able to consult with an expert if you have any questions.
What’s Lear Capital?
Lear Capital is one of the best gold IRA companies in the US. It has been a leader in the industry since its inception in 1997, and it stands out from the competition because it always works hard to give customers the best experience possible.
The company started in 1997, and its headquarters are in Los Angeles, California. Nowadays, you can rely on Lear Capital to buy, sell or trade cold coins, silver, gold bullion, and other rare precious metals.
Lear Capital’s Offers
This company gives you different services to help you manage your investments. Additionally, it offers options to handle your financial security, invest in Gold IRAs, open a silver individual retirement account or a gold IRA, and much more. Here are some of its options:
You can buy or sell rare coins and precious metals
The website provides options to invest in precious metals
Invest in precious metal IRA and roll over a portion of your existing IRA or transfer money if you want
A precious metals IRA gives you the same tax advantage as a standard IRA with this company
The Company’s Fees
When examining a company’s fees, it’s crucial to keep in mind that the storage alternatives that you get are an important factor that could alter the price you must pay.
In the case of Lear Capital, you get safe storage options, so you don’t have to worry about your precious metals. To work with this company, you have to open an account through its internal IRA Processing Department.
After you open your account, the business will cooperate with you to roll over funds to your IRA. If you complete the sign-up process and start working with Lear Capital, you’ll have to pay a fee of $260 for the first year. Then, you’ll pay $180 per year, which includes insurance, log-in, delivery, and quarterly income reports.
With Lear Capital, all customers’ precious metals are in the Delaware Depository, and they have insurance.
Furthermore, if you want to know all the details of economic developments that might affect your investments, gold IRA news, and any information that could impact your future, Lear Capital offers options as well. You can check in with a representative and discuss storage alternatives and future investment choices.
Verdict: Which Is the Best Gold IRA Provider?
If you want to open Gold IRA accounts to protect your savings and have peace of mind in the future, Goldco has the ideal solutions for you!
Whether you need information on their precious metals’ prices or seek advice on how to open a Gold IRA, you can find everything you need on its intuitive website. Yes, all the gold prices are there! You only have to take a look at its online catalog for a few minutes to find exactly what you need.
In addition, Goldco has an extensive gold and silver bullion catalog. Whether you’re looking for US-minted or international coins, this company can help you make the right investment in the right assets. You can purchase gold, silver, and other precious metals!
Any Gold IRA you open with Goldco will have the same benefits as the accounts offered by the other two companies. If you want to diversify your portfolio, it’s ideal for you! Also, if you need help making the best decision regarding your retirement investment, it accompanies you all the way to open an individual retirement account and buy the precious metals of your choice!
Like traditional IRAs, Goldco’s gold and silver individual retirement accounts provide the same tax benefits. With a Gold IRA, taxes are deferred until you take distributions. If your account is traditional, you must make your contributions for your physical gold or silver on a pre-tax basis. However, if you choose a Roth IRA, you can build for your gold or silver coins on a post-tax basis. In other words, your withdrawals will be tax-free!
Overall, Goldco is the winner! While the two other companies reviewed have similar features and benefits, this one has a better reputation and offers top-notch customer service. Also, there’s a key detail that makes this dealer better than others: it offers all the gold-investing information customers need.