Are you looking to team up with a precious metal company? If so, there are plenty of such firms to consider in the research process.
Goldco has earned its spot among the companies with a stellar reputation. It takes the most pride in its customer service, which is second to none. These professionals offer assistance to clients in each step of the journey. The pricing structure and services it provides are appealing to numerous investors looking for profitable investments.
The review you’ll find below will introduce you to Goldco in detail.
This company was founded in 2006 by Trevor Gerszt, with headquarters in California. It was originally named Goldco Direct and dealt with direct cash deals. Nevertheless, over time, the company has identified a gap in the market for reliable gold IRA providers. Hence, the management reached a decision to operate as a gold IRA firm.
Since the decision was made, the firm had to make some alterations to the name to accommodate it to its operations. They changed it to Goldco Heritage and then, in 2017, just to Goldco. As already mentioned, it’s registered in the state of California and adheres to the existing state laws. This provider offers many benefits to its clients, such as giving ten percent back in silver coins for customers who recently became members, eliminating first-year fees, being beginner-friendly, having no pushy salespeople, etc.
Another aspect that adds legitimacy to Goldco is its partnership with Ron Paul for the purpose of educating investors on the significance of protecting their IRAs and 401(k) accounts. Apart from purchasing and selling precious metals, it provides rollover services to customers too. This firm collaborates with various custodian companies, thus allowing clients to transfer their assets from another company quite easily. Read more about the difference between an investment manager and a custodian.
Precious metal IRA investments have increased in popularity over the last few years due to various factors. The most notable factor is the low volatility of these assets compared to stocks and bonds. Goldco operates successfully by following the guidelines of the Internal Revenue Service. Besides helping individuals buy precious metals, this provider also buys them back or allows customers to sell them.
Moreover, this company offers no storage and custodian solutions. However, it collaborates with other firms that provide such services. As a result, they assist the largest part of their clients in finding a suitable custodian or storage solution. The options provided by Goldco include gold coins and bars, silver coins and bars, palladium, and platinum.
Potential customers can choose from different services that include gold IRA, silver IRA, traditional and Roth IRA planning, 401(k) rollover, SEP IRA planning, etc. Make sure you check out this Goldco IRA Review to learn about the investment process. As we just mentioned, the only services it lacks are related to storage and custodian services. Anyhow, it still recommends various trustworthy options for clients to look into.
Reviews & complaints
Since its foundation, Goldco has, in general, received positive reviews, most of which are focused on their exceptional service and high-quality products. During the history of
the firm, there have been several negative reviews that should be taken with a grain of salt. Even the most reputable companies are no strangers to negative reviews due to having a misunderstanding with their clients.
Goldco is a reliable provider with over a decade of industry experience and thousands of pleased customers. Most of the reviews reveal their devotion to the needs of their customers. On the same note, their website features a chat window that allows you to speak to a representative directly when having a question to ask.
In addition, the attention and care they devote to each client don’t go unnoticed. Actually, many reviews specifically mention this aspect. As far as ratings are concerned, Goldco has an A+ rating with the BBB and a triple-A rating with the BCA. Follow this URL, https://www.wikihow.com/Check-a-Business-at-the-Better-Business-Bureau, to see how to check a business at the BBB.
The account setup process
Goldco strives to make the process of setting up an account or funds rollover as convenient as possible for clients. A representative from this company will be in charge of completing the paperwork by processing the right documents to enable a fund transfer from the account you already have. The transfer is performed in a tax-free way while avoiding penalties for early withdrawal.
The moment your account is open, the representative will guide you through your potential investment choices. The entire procedure will take between two and three weeks to complete. Following your choice of precious metals, these will be bought on your behalf and delivered to one of the storage depositories.
When looking at the fees charged by Goldco, you wouldn’t come across an exact list of costs due to the many variables. The best way to get the exact rates is by visiting their site or contacting their representatives, which aren’t pushy like most of the other salespeople. First-year expenses are eliminated on accounts with a minimum investment of 50,000 dollars.
Customers also get five percent back in free metals on qualified orders exceeding $50,000. There is a $50 first-time setup fee, as well as an annual maintenance fee of $80. Storage expenses range between $100 and $150, depending on whether the depository is segregated or non-segregated. Shipping fees are variable. Non-segregated storage is charged $100 annually, while segregated storage is charged $150 per year.
The minimum purchase amount for IRA purchases is $25,000, while it’s $3,500 for purchases outside of IRA. Goldco reimburses the storage cost for a whole year, but the reimbursement is in the form of silver of similar value delivered to the storage unit. The prices charged by Goldco are quite fair when compared to many other companies.
A final note
It’s never too early to think about your retirement portfolio.
The sooner you team up with a reputable company, the better for your retirement funds!