Not just is it backed by Joe Montana, it’s also one of the only gold individual retirement account companies without any negative problems on the BBB. Should you trust them with your retirement savings? Here’s an in-depth evaluation of Augusta Valuable Metals. Read on to find out the pros, cons, what sets them apart, and if there’s a much better gold individual retirement account service provider.
To open a gold IRA, the account minimum is $50,000, which is higher than lots of competitors. But if you have the cash, they have lower yearly charges than some other business. Augusta Precious Metals might be the ideal gold IRA business for you if you: Are still undecided and desire to learn about investing in gold before taking the leap, Want to be directed through every action, Have at least $50,000 to rollover or invest If you only wish to invest a percentage into gold instead, check at Goldco.
Here are 3 factors that set Augusta Valuable Metals apart. Investing your cost savings in gold can be scary, but Augusta Valuable Metals takes the fear out of the formula.
They start by giving you a totally free gold coin just to find out about gold Individual retirement accounts. You’ll receive the “Ultimate Guide to Gold IRAs” and, more importantly, a private video chat to teach you about purchasing gold, the threats and rewards, and rip-offs to prevent. And it does not stop there.
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Augusta Valuable Metals’ preferred custodian is Equity Trust. They’re a self-directed individual retirement account provider with over 45 years of experience. They serve customers in all 50 states and hold over $34 billion in possessions. Augusta will work as your intermediary to Equity Trust. Naturally, you have access to them anytime you desire.
In addition to the depository’s physical security, your gold and silver will be protected by $1 billion all-risk insurance supplied by London underwriters. The Augusta ghysical gold and silver IRA is one of the finest on the market, as you can see in the comparison with their rivals listed below.
However, they have actually never ever declined a request. You can sell your gold on your own, naturally. That involves discovering a purchaser or regional gold dealership, and browsing for the best rates. With Augusta Precious Metals, you can have comfort knowing they could purchase it back at competitive prices.
Your custodian can set up those sees. Now that you’ve got a solid idea of what Augusta Valuable Metals is and the services they provide, let’s compare it to other rare-earth elements IRA providers worth thinking about. Here’s how Augusta Valuable Metals withstands some of its top rivals: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s preferred Custodian charges a flat annual account service charge that includes a one-time IRA account set-up fee of $50, along with a $30 wire cost. Annual upkeep is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Costs for gold storage and custodianship can vary depending upon the company you pick to handle these services (required by the IRS, as all IRA properties must be managed by a custodian).
35% to 1% each year. Goldco does not charge any storage fees for cash transactions over $25,000. Let’s start with some essential stats. Goldco has a minimum investment of $25,000. Depending upon the choices you pick, Goldco could have a somewhat greater yearly cost than Augusta Precious Metals. But if you make at least $50,000 investment, they use 5% back in premium silver.
One area Goldco stands out in is that they guarantee to buy back your gold at the highest rate. This provides you more security knowing that you’re not stuck with your gold and can sell it back at a great rate.
And they waive charges in the very first year for accounts over $50,000. Just like Augusta Valuable Metals, Birch Gold gets fantastic evaluations from customers.
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They have actually partnered with custodian Equity Trust to provide their gold and silver Individual retirement accounts. Equity Trust has been around for over 45 years and holds over $34 billion in properties. And the gold and silver in your individual retirement account is safely stored with depositories like Delaware Depository, which is safeguarded by $1 billion all-risk insurance coverage through London underwriters.
They have typical customer ratings of over 4. 9 stars. If you’re still worried, take a look at this useful guide from the CTFC on how to recognize valuable metals fraud. Augusta Precious Metals is best for retirement investors thinking about maintaining their wealth and diversifying their savings. And who wish to invest at least $50,000 into gold.
There’s no surefire way of understanding which metal is the best to buy. Precious metals can be an excellent way to diversify your possessions and hedge versus stock market volatility.
Their fees are similar to other gold Individual retirement account providers. Keep in mind: This site is made possible through financial relationships with some of the products and services mentioned on this site.