Have you started planning for retirement yet? Do you wonder if your investments in the stock market will really be sufficient to help you live how you want upon retiring? Now may be the perfect time to start diversifying your portfolio and protecting yourself against the volatility of the stock market. One of the best ways to accomplish this goal is by adding precious metals to your portfolio.
Whether you purchase precious metals as a personal investment or add them to a Gold IRA that will allow you to hold them in your retirement account, they can offer some security and stability against the ups and downs of the stock market. However, if you've started exploring the idea of investing in precious metals, you may be feeling overwhelmed by the number of companies that offer these services.
In our opinion, Goldco is the top precious metals provider and Gold IRA company. As we'll share below, they have extensive experience in the industry, have earned high reviews from past customer and review organizations, offer their clients a varied assortment of silver and gold bars and coins, and currently have one of the best promotions for new IRA set-ups. If this all sounds impressive, continue reading. We think you'll want to learn more about all Goldco has to offer.
Why You Should Add Precious Metals to Your Portfolio
Before we get into specific information about Goldco, let's take a small step back and talk about why investing in precious metals is a good idea. If you've started to do some research, you may have a few ideas about why you want to add gold and silver to your investment portfolio, but you may not be fully confident that it is the best decision.
Precious metals, like gold and silver, represent a tangible investment. That means that they are items you can physically hold in your hand. Their value is not going to simply disappear. The same cannot be said about stocks. You cannot physically hold your 'share' of a company in your hand. And, if something bad happens to that company, the value of your share could decrease rapidly, or even potentially drop to nearly nothing.
Gold and silver are not just the latest trend, unlike some other investment options. They have been around for centuries and have been desired for just as long. They are not a fad that is going to be popular and valuable today and worth next to nothing after just a few years. This fact should offer you some additional confidence that the investment you make today will still be valuable in a few years.
There are many different ways to use gold and silver, which contributes to their overall value. In addition to the well-known uses for jewelry making, both of these metals are being used more and more for technological advancements and even medicine.
One of the best reasons to invest in silver and gold is that it allows you to broaden your portfolio. When your holdings are diversified, you're less susceptible to stock market dips and drops. The gold and silver in your account can serve as a buffer to lessen the impact of major stock market downturns.
About Goldco
Goldco is the best precious metals investment company. Trevor Gerszt started the company in 2006, and in the years that have followed, it has become a leader in the industry. With top reviews from customers, the Business Consumer Alliance, and the Better Business Bureau, you can have a high level of confidence that you're working with a reputable and trust-worthy company.
Goldco employs a knowledgeable, helpful, and experienced team. They are always ready and able to help clients address any questions or concerns that they may have. Once you learn more about Goldco in the next few sections, we're confident that you'll agree that they're the top Precious Metals IRA company and precious metals provider to work with.
Working with Goldco to Open a Gold IRA
One service that Goldco can help you with is opening a Gold IRA. Gold IRAs, which are sometimes also called Precious Metals IRAs, are one form of a Self-Directed IRA. They allow you to invest your retirement funds into alternative assets, in this case gold and silver.
Beyond all the advantages of investing in precious metals that were shared above, there are even more reasons to consider opening a Gold IRA. Gold IRA holders enjoy tax benefits for their IRA, just like individuals who have opened a traditional IRA.
You can choose to either have the money you invest in your IRA pre-taxed or taxed only upon withdrawing the funds. Either of these may be the right option for you depending on your current tax bracket and whether you think you'll be in a higher or lower tax bracket once you retire. With these tax benefits, your money can grow without you needing to worry about paying taxes on your profits; these savings can really add up and help increase your total holdings between now and the time you retire.
Goldco would love to work with you to open a Precious Metals IRA. Two sections of their website provide an overview of Gold and Silver IRAs and include information to help individuals like you get the set-up process started.
Goldco has broken the process of opening an IRA down into three simple steps. First, you'll need to open your IRA with Goldco. This involves completing some paperwork and signing to agree to the terms and conditions Goldco lists.
After your account is set up, you'll need to fund it. You will work with an IRA custodian (Goldco can offer referrals) to transfer your money from a qualified existing retirement to your newly established Precious Metals IRA account with Goldco. Don't worry, there are no tax penalties for completing an IRA transfer or rollover, as long as it is done correctly. A Goldco representative and your IRA custodian will work together to ensure a smooth transition of your funds and make sure that you are not subject to any fees or penalties.
After your IRA has been funded, you can choose which precious metals to invest in with your IRA (we'll look at the different options in a moment).
Goldco wants to keep this process as straightforward and painless as possible. If you have any questions or encounter any issues, your account representative will always be available to offer guidance and support.
IRA-Approved Bars and Coins
As we shared above, you can choose which coins and bars to add to your newly set-up IRA once the funds for the new account have been transferred. IRS regulations limit the gold and silver that is allowed in a Gold IRA. Coins and bars must meet the minimum purity levels outlined by the IRS.
The regulations state that gold bars and coins must have a minimum purity level of 99.5%. Silver coins and bars must have an even higher purity level of 99.9%. If a coin or bar falls short of these levels, it cannot be added to an IRA. The only exception to this rule is the American Eagle Gold Coin, which is 91.67% pure.
Selecting the coins and bars for your account can be a bit of a daunting task because even with these purity minimums, Goldco still offers many different options for their investors to choose from. Many people, particularly first-time investors, are unsure of which coins or bars they want to add to their account.
When you work with Goldco, these is no need to stress about trying to decide which precious metals to purchase. Simply reach out to an account representative and they'll be happy to offer you their thoughts about which bars and coins will best help you to reach your retirement goals.
Below, you'll find the different silver and gold coins and bars that Goldco customers can add to a Precious Metals IRA.
Gold
Silver
Gold IRA Storage
Once you've made the decision to invest your retirement funds in a Gold IRA, you want to be able to feel confident that your money is secure. Choosing a secure storage location is essential; you don't want anything to happen to your investment. Even if you wanted to, you cannot store your IRA precious metals in your home.
The IRS prohibits individuals (in nearly all cases) from serving as custodian for their own precious metals. They have developed regulations which require IRS-approved depository storage for IRA metals.
Goldco offers their customers a few different options for IRS-approved depositories. These include The Delaware Depository, International Depository Services, or Brink's Global Services. All three of these are among the most-trusted storage options that exist. When you store your precious metals in one of their vaults, you won't have to worry about anything happening to your investment.
Regardless of which depository you choose, your precious metals will be protected by a full-coverage insurance policy, highly secure vaults and numerous security protocols, and qualified security personnel.
Gold and Silver Available for Personal Investments
While Gold IRAs are one of Goldco specialties, they are not the only service that the company offers. Customers can also purchase precious metals to hold as a personal investment. Any of the IRA-approved coins and bars listed above are also available to purchase for a personal investment.
One of the benefits of keeping some physical gold and silver in your possession is that they are very easy to liquidate. That means that if there were a major emergency, and you needed fast access to cash, that you could get it quickly.
There is no reason why you can't purchase some coins and bars for a personal investment and also work with Goldco to diversify your holdings with a Precious Metals IRA. Both of these are smart financial decisions and can help make sure you're prepared for whatever life throws at you.
To learn more about making a purchase, contact Goldco today. You can either call to speak with a representative or start by filling out the contact form on the "Contact Us" section.
Free Silver Promotion for IRA Customers
Goldco is an awesome company that already stands out compared to most of the other precious metals providers out there. However, the promotion they are currently running just makes them that much better. Right now, if you set up a qualifying Gold IRA with Goldco, you can earn 10% of your IRA total back in free silver (or up to as much as $10,000 in free silver). Earning that much free silver for opening up an IRA that is going to help put you in a better position for retirement is an amazing deal and one that you don't want to miss.
Learn More with the Free IRA Kit
Goldco's free IRA Kit, called Protecting Wealth, can assist you in understanding more about working with Goldco and investing in precious metals. The kit includes helpful information about growing your retirement savings, why precious metals can give you greater control of your future, and how you can invest in gold and silver without facing any penalties or taxes.
If you'd like a copy of the guide, just visit Goldco's website and complete the brief online form. All you'll need to do is fill in your name, phone number, and email address. Then, Goldco will send you your kit within a few days.
Additional Resources for Investors
In addition to the free Gold IRA kit that you can request from Goldco, you'll also find a lot of useful, free information on the website. Goldco wants to help their clients and potential clients understand what makes precious metals such a good investment. They also want to keep their clients up to date with the latest information about precious metals markets.
If you visit the News and Articles section of the website, you can browse through the different article topics and decide which will be of the most help and interest to you. A few of the different article titles include:
Features
Pros & Cons of Goldco
Pros
Cons
Final Thoughts
Goldco is our top recommendation for the best precious metals provider and Gold IRA company. When you're looking for the best of the best when it comes to gold and silver, look no further than Goldco. Between their knowledgeable team of experts, diverse assortment of silver and gold coins and bars, and impressive free silver promo for their new IRA customers, Goldco is clearly a step ahead of all the other precious metals providers out there.