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Precious Metals IRA Rollover Guide

When it comes to retirement we all have the same goal: protect our investments and financial assets so we have a solid foundation on which to enjoy our golden years. It really is a simple wish. Unfortunately, without enough planning and forethought we find ourselves watching these dreams slip away.

Stocks and bonds are unstable and unpredictable, real estate prices are hardly promising, major European and U.S. currencies have dropped in value over the last few years…frankly it all seems a bit wishy-washy. Investing in precious metals, however, continues to be a safe bet.

Why Choose to Invest in a Gold or Silver IRA?

For quite some time now, people across the United States have been looking into IRA rollover plans. Millions of current and future retirees have been unhappy with the return on investment with their current retirement plans. In an effort to salvage their life savings, they have discovered that gold bars and bullion, in particular, are proving to be lucrative. Practically every other type of investment is untrustworthy and since precious metals have been profitable for centuries, they are clearly the way to go.

It certainly seems clear that gold has always made money. In addition to being the forerunner for modern currency, it is alsogold price increase used in a wide variety of applications across the globe (though, perhaps in small amounts). Gold has also been the popular choice for the creation of jewelry and trinkets. Its value has always remained high and is completely independent of the markets or global currencies.

Clearly, a gold IRA is a clever choice. Of course, other metals are also available for IRA investments.

Can I Invest Gold in Other Ways?

While it certainly is possible to purchase gold bars and coins, and to keep these in a storage facility or on your own property, most financial advisors are of the opinion that a gold IRA is the safest and smartest investment option. Gold IRAs are tax-free, which is probably the best perk of a precious metals IRA rollover.

In addition to the tax benefits, gold IRAs are handled by a custodian. This means that while the investor has full control of the account, the custodian is responsible for all the paperwork. Essentially, you enjoy all the benefits of a solid investment without having to do any of the dirty work.

How do I Choose the Right Gold IRA Company or Custodian?

Finding the right gold IRA investment company should be a choice based on a combination of factual information and consumer reviews. The first thing to look out for is the company’s ratings with the Better Business Bureau (BBB) and Business Consumer Alliance (BCA). The higher the rating, the more likely you are to have a good experience with the company.

BBB logo               BCAlogo             trustlink_logo

Another thing to look out for is the company’s TrustLink rating. In order to be sure the company will be capable of handling your investment professionally, they need to have a 5 star rating. Essentially, the higher the star rating, the lower the percentage of customer complaints will be. It would also be in your best interests to consider the length of time the business has been in operation. Naturally, the more experience they have, the more reliable they will be.

What about my Storage Options?

While it may be possible to store your precious metals on your own property, this is generally seen as a security risk. When investigating your gold IRA investment options, it is always best to look out for a company that offers secure storage options.

Rather than finding a separate storing facility, keep your eyes open for an IRA company that has partnerships with reputable storage facilities. If possible, the storage facility should be fairly close to where you live. At the very least, make sure your gold is not going to be shipped off to a foreign country. It is also a good idea to check that the storage facility offers 24/7 access to your gold — this way you can keep an eye on your investment whenever you choose.

Make sure that the Igold-safeRA company of your choice offers full disclosure of all its storage fees. In the event that the information is not readily available on their website, it would be wise to take the time to call them and ask for their full fee structure. It would be particularly frustrating to sign off on a deal only to be unpleasantly surprised by heavy fees further down the line. At the same time, check that your gold is properly insured and make sure insurance costs are not ridiculously high.

What is Important to Know about Quality and Speed of Service?

Processing times should play a fairly large roll in your choice. Only a handful of precious metal investment companies offer a full set of electronic operations and these are the ones worth looking into. Establishing a gold IRA rollover should be as simple as possible.

Try to find a company that eliminates the need for manual signing of documentation, as this often means online processthe process will take weeks. In fact, some companies take up to 90 days to complete fund transfers. No one should have their money hanging in the air for that long. A company that takes care of things electronically will often have the job done within 24 – 48 hours.

Following the above guidelines will ensure that you make the correct choice for your future retirement. A gold IRA rollover does not have to be a complicated mess. With a few clever choices, you will have your new account set up in no time.