American Hartford Gold does not charge any fees for setting up a gold IRA, nor does it charge for shipping your gold to the depot. It covers insurance and tracking, but you’ll likely have to pay annual maintenance and storage fees if your investment is in a custodian. Since the company’s online precious metals catalogs don’t list prices, you’ll need to contact a representative. Augusta Precious Metals offers a team of specialists to guide you through the Gold IRA process and manage your accounts.
Additionally, companies that offer free services often don’t provide the extra support and knowledge that you would get from a higher quality company. American Hartford Gold is a good choice for investors who want to diversify their asset portfolio with gold investments. Next, many IRA companies charge an annual administrative fee, which covers the cost of opening your account year after year. On the other hand, if you allowed an IRA transfer, the money would never touch your bank account before it was transferred to your new IRA.
You can fund your account by transferring money from an open IRA or transferring a 401 (k) to a new, self-governing IRA. Some Gold IRA companies work with specific depositories, so you can easily transfer your investment to these facilities. Gold IRA rollovers are when you use the fund from an existing IRA to distribution and invest it in a new precious metal IRA. Instead, the IRS requires gold IRA investors to store their gold in an IRS-approved custodian, such as a bank, credit union, or other financial institution.
If you choose to invest in a gold IRA, you can buy a range of IRA-approved gold coins to fund your account. Birch Gold Group works with reputable depositories that allow you to store your gold, silver, platinum, and palladium coins in your IRA. You may be wondering whether it is actually beneficial to invest in gold for your retirement funds rather than keeping a traditional IRA or 401 (k). If you buy the gold for your IRA, you must also buy it in one, a half, a quarter, or a tenth of an ounce of gold coins.
Augusta Precious Metals is a leading IRA gold company founded by Joe Montana, a Hall of Fame quarterback, and his team of financial advisors.