While you should invest in gold if you have the money, there are other ways to secure it. In this article, we’ll go over some options and which gold IRA trust is the best option. While these aren’t the only options available, each one offers certain advantages that are well worth considering. For example, a Roth IRA allows early withdrawals without penalty. This way, you can use the money for certain things such as home purchases, qualifying medical expenses, educational costs, or periodic payment plans for early retirement.
STRATA Trust
STRATA Trust Company is a wholly owned subsidiary of Horizon Bank, SSB, that provides custody and administration for traditional and alternative assets. In addition to gold and silver, customers can invest in publicly traded stocks, closely held stocks, non-traded LPs, and LLCs. This wide variety of investment options allows customers to diversify their portfolios and build their own investment strategies. However, before choosing a custodian, prospective investors should perform their own due diligence.
Strata’s fee calculator helps you compare costs between different custodians. Most self-directed IRA custodians charge different fees than broker dealers. Using the calculator, you can compare STRATA’s fees to other gold-IRA custodians. For example, if you’re planning to invest in gold or silver, you can use the fee calculator to find out how much a custodian will charge you to handle your gold or silver investments.
American Hartford
The American Hartford Gold IRA offers numerous advantages. First, it is family-run. American Hartford Gold offers a wide array of resources, including a library of articles, e-books, webinars, and other information. Another benefit is their fast, efficient process. You can fund your precious metals IRA in as little as three to five business days. In addition, American Hartford Gold works with Equity Trust, a Delaware-based depository, to keep your gold and silver safe and secure.
Once you have opened an account with American Hartford Gold, you will need to transfer your IRA funds to it. Your money will be placed in a bank or an IRS-approved depository. For this, you will have to pay a fee to the depository. This fee can vary, but the average fee for storing your gold and silver is around $75 per year, depending on the value of the metals. American Hartford Gold recommends the following depository companies for their IRA investments:
JM Bullion
If you’re looking for a great place to invest your gold IRA funds, consider using JM Bullion. This online precious metals dealer is based in Dallas, Texas. Their team specializes in selling coins and bullion. While they don’t provide vault services, they do recommend that you use a specific company for your precious metals IRA deposits. JM Bullion does provide gold and silver IRAs with physical pieces.
When funding your account, you can choose to fund it with cash, a transfer from your existing retirement account, or by rolling over your old retirement account. JM Bullion ships your precious metals using USPS. The company will require a signature to receive your shipment, so it is important that you know when to expect it and make arrangements to pick it up on time. You can track your order through the online platform or request a pick-up at the nearest JM Bullion warehouse.
Regal Assets
In addition to selling products for Gold IRA accounts, Regal Assets offers precious metals to non-IRA investors. Their product information is subject to change due to changes in investment and government legislation, so investors should always check with their provider before making a purchase. Established in 2003, Regal Assets offers products with pre-set value amounts ranging from $5,000 to $250,000, and customer service representatives are always available to assist them with the right selection.
The process to open an account with Regal Assets is straightforward. You can simply fill out the application online and wait for a representative to call you. Once you’ve submitted your information, you can choose metals and storage locations. Then, you can start collecting your distributions as early as age 59 1/2. You don’t have to worry about taxes or penalties once you’re a senior, either. IRA custodians should be regulated by the SEC, and Regal Assets has received all three.
Precious Metals IRA
The IRS isn’t too keen on storing precious metals in your IRA if you plan on keeping them at home. Keeping them at home could expose you to tax penalties, but most IRA custodians advise keeping them in a bank’s safe deposit box. That’s because there are many security benefits to using a bank’s safe deposit box to store your precious metals.
There are many options for precious metals IRAs. You can transfer your IRA from one type to another. If you own an employer-sponsored plan, you can transfer it to a Precious Metals IRA. For a self-directed IRA, you must have owned the account for at least two years. You must own the account for at least two years before you can transfer it to a Precious Metals IRA.
