Best Gold IRA Companies & Bullion Dealers
Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed. Learn more
Have you already made up your mind that you actually want to invest in a Valuable Metals IRA — or better still, roll over your existing retirement savings account like a 403b or 401k to a Gold IRA? If you have, the next thing to do is to choose the best Gold IRA firm to take you through this crucial investment journey. Key factors to consider include track record, any past accusations of fraud, as well as the mode of service. For instance, while some firms simply sell precious metals, the service package offered by others also includes handling your Gold IRA custodian and storing the assets for you. Therefore, it is imperative that you consider all these issues beforehand.
4 Important Aspects of Top Gold IRA Dealers to Consider Before Settling on One
#1) Ratings, Ratings, Ratings!
Customer reviews and ratings are feedback on a firm’s quality of service. Therefore, a higher number of positive reviews means better service. Also, further ratings by authority agencies like the BCA or Trustlink are very critical. Websites such as Yelp, Complaint Board, and YP also contain feedback from past clients, something which can also be used by present and prospective clients to gauge how professional and customer-satisfying the services of a Gold IRA dealer are.
#2) IRA Pricing Model
IRA dealers whose annual charges are flat fees are better than those firms with scaled fee structures that increase with the size of your IRA account. A scaled pricing regime is especially punitive if you are a medium or large investor — c.f. $50,000+ — or if you have plans for growing the size of your account in the future. Among the firms we have reviewed, there were those whose annual fees can rise to thousands of dollars for large account sizes!
#3) Metal Delivery Time and General Efficiency
We have come across clients with complaints of having waited for up to 60 days before their accounts could be set up, or for delivery of their valuable metals. In light of the prevailing uncertainty in the economy, no investor would desire such kind of service.
#4) Nagging Sales Agents or Impolite Customer Care Executives
To earn more commissions for themselves, some sales reps often try to push investors to buy collectibles or numismatic coins. You are strongly advised to avoid firms whose agents practice such red-flag strategies. Note that the IRS has NOT approved collectibles for IRA investing and therefore they are NOT recommended. Do not allow your Gold IRA dealer to push, rush or constantly nag you about buying collectibles or any other assets for that matter. Be sure to get as much information as possible about the investment move you are making.
