Goldco is a privately held firm specializing in wealth and asset protection. The brokerage company has experience with providing precious metals-funded IRAs and helps with traditional roll-over retirement accounts into a precious metals IRA. They also assist with physical precious metals buyback and sell them through the metals market if the client choices to distribute them from their IRA account.
Goldco Review
Goldco was founded in 2006 and has received awards for being a leading gold and silver broker company. The company is known for its experience in transferring funds from an existing 401(k), 403(b), 457, pension, or Thrift Savings Plan (TSP) account to a self-directed gold IRA. Also includes Roth IRA rollovers and conversions.
The company is known for helping its clients understand investments in precious metals and protecting their retirement assets. Clients are guided through each step of the rollover process. They can also buy precious metals from Goldco directly to hold outside of their retirement savings account.
| Pros | Cons |
| – Low annual fees – Highest Buyback Guarantee – A+ Better Business Bureau, AAA rating from Business Consumer Alliance – Best Gold & Silver Deals in the industry – 100% FREE IRA Rollover | – Rarely Sells Precious Metals Other Than Gold Or Silver |
Investing With Goldco
Take a look into precious metals IRA accounts to hold a tangible asset in your investment retirement portfolio. If you’re looking to balance volatility from the stock and bond markets, precious metals IRA investments can be an attractive option to balance that.
The IRS made exceptions to their collectibles rule with the Taxpayer Relief Act of 1997. This would allow specific bullion and coins for IRA investments. Goldco has a good understanding of which coins and bars would benefit retirement accounts and their team has decades of experience with the entire rollover process. When working with Goldco, you’ll receive assistance from their team in selecting IRS-approved custodial and storage accounts for precious metals.
The company has received national recognition in 2021 after winning the Stevie Award, being recognized as Company of the Year at the 19th Annual American Business Awards. Goldco has also landed spots on the Inc. 5000 list of the fastest-growing private companies in the country.
About Goldco
The Goldco company mainly facilitates buying and selling of gold and silver precious metals. The IRS requires all IRA accounts to be managed by a custodian to handle assets and Goldco assists with the paperwork and process. Clients also receive assistance in rolling over an existing retirement account into a precious metals IRA, making the process easier for their clients.
After the paperwork is completed, Goldco continues its assistance with selecting IRS-approved coins and bullion that can be added to a precious metals IRA. You’ll receive a specialist to coordinate purchasing assets with the custodian and also communication with the storage facility.
Goldco Costs
Goldco’s has a minimum purchase is $15,000. Unlike other companies, they charge a flat annual fee rather than a percentage of assets. The company doesn’t publish fees on its website but they frequently mention fee refund promotions.
The Irs requires gold storage and custodian fees depending on the company you choose. On average, the storage fees run from $10 to $60 per month or a 0.35% to 1% annual percentage based on the assets.
| Cost/Fee | Goldco Gold or Silver IRA |
| Setup Fee | $50 |
| Annual Maintenance | $100 |
| Non-Segregated Storage | $100 (add $50 for segregated storage) |
| Wire Charge | $30 |
| Total Startup Fee | $280- $330 |
| Annual Fees | $200-$250 |
| Metals Available | IRS-approved gold and silver bullion and coins. |
The Goldco website has some basic gold and silver charts in their IRA section. Based on production and mining, the central bank serves instability, interest rates, and many other factors, precious metals prices can fluctuate.
How to Open a Goldco Precious Metals IRA
You can open a Goldco account by calling the company directly or filling out an application online for your precious metals IRA. They require you to provide a Social Security number and other identifying information, as required by any investment account.
You’ll receive a comprehensive guide explaining appropriate precious metals investments through the mail or email. You can review the options to help you decide what gold and silver are suitable for your IRA account.
Goldco Reviews and Complaints
The Better Business Bureau rates Goldco an A+. Consumers on the site give Goldco a 4.87 out of 5 stars. The few complaints filed against the company all have been resolved thoughtfully by Goldco. The company also has a AAA rating from the Business Consumer Alliance.
On ConsumerAffairs, readers have given Goldco 4.8 out of 5 stars. Indicating that Goldco has been very responsive to questions, and also noted their specialist team was thorough and patient. They also have 4.8 out of 5 stars on Trust Link and Google reviews.
Goldco Q&A
- How do I sell gold or silver held in a Goldco precious metals IRA?
Goldco offers a buyback program to clients who want to take distributions from their accounts. Your specialist can also help you sell on the metals market. - Can I store my precious metals at home?
No. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. The storage facility must restrict access and store each customer’s precious metals separately. This ensures the metals you purchased are returned to you (or cashed in), meeting legal distribution requirements. - Are the values of the precious metals I buy for my IRA guaranteed?
Like all investments, the future value of precious metals is not guaranteed and rises or falls based on various market influences. - When can I take distributions from my Goldco Gold IRA?
You or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account at age 59 1/2. - How long does it take to roll over a Traditional IRA into a Gold IRA?
IRA rollovers typically take around two weeks to complete. However, each Goldco application is different, and processing time varies by case.
Conclusion
Goldco guides its clients through important decisions, providing clarity on the rules surrounding precious metals IRAs and IRS-approved investment options. The company has years of experience in the precious metals market of gold and silver. Reviews from consumers frequently mention the high-level customer experience from Goldco while establishing a precious metals IRA.
