What exactly are Gold IRAs and is starting one a financially wise decision for you in 2022?

Whether you call it a Gold IRA, Silver IRA, or Self-Directed IRA, a Precious Metal IRA is a solid choice to add to your investment portfolio. This allows you to invest some funds in an area that is, to some extent, protected from an unpredictable stock market. When you choose to diversify your retirement portfolio, the impact of a stock market crash may not hit you as hard. An IRA allows one to save up for retirement using a tax-advantaged account.

Goldco is a prominent leader in facilitating the opening and funding of precious metals IRAs. Read more below to find out if a Gold or Silver IRA from Goldco is an ideal fit for your investment plans.

Goldco Self-Directed IRAs

Best Gold IRA Companies in 2022



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Best Gold IRA Companies in 2022

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A Self-directed IRA is a variation of a traditional individual retirement account, allowing you to build up your nest egg in a tax-advantaged setting with similar contribution thresholds. Instead of stocks or bonds, the investor holds gold, silver, or other forms of bullion. Goldco has helped thousands of satisfied customers set up Gold IRAs and Silver IRAs as a practical means to diversify their retirement funds.

Top Reasons to Choose a Self-Directed Gold IRA with Goldco

1. The difference between a Self-Directed IRA and the typical IRA is primarily the types of assets being held in the account. When your money is held in a number of different areas, like stocks, bonds, gold, and silver, your overall financial security is strengthened because each asset would be affected differently in the event of a market crash. 

Let's say you had invested all of your savings in the stock market, and the market plummeted just before you entered retirement. Suddenly, you have drastically fewer funds available, creating financial difficulty and possibly jeopardizing all of your plans, dreams, and freedom. Now, had you invested a portion of your savings in gold or silver, those particular funds might have remained essentially unaffected by that same market crash.

2. Typically, the value of gold and silver will rise when the stock market has fallen. Gold, especially, does better in retaining its value when compared to other asset types, making it one of the most popular choices for those with diversification in mind. It's not difficult to see why; gold, as well as silver, will always be in high demand due to its use in jewellery as well as in high technology industries.

3. Another huge benefit to precious metals, is they are typically easy to sell off at basically any time, and in varying quantities if you so wish. Not so much of an option when it comes to, say, real estate investments. The point is buyers will be lined up waiting to purchase your precious metals.

Gold American Eagle Coin

Gold American Eagle Proof

Gold American Bald Eagle Coin

Gold Buffalo Coin

Gold Maple Leaf Coin

Gold Lucky Dragon Coin

Gold IRA Coins

Gold Australian Saltwater Crocodile Coin

Royal Mint Gold Lunar Series: 2016 - Year of the Monkey Coin

Royal Mint Gold Lunar Series: 2017 - Year of the Rooster Coin

Royal Mint Gold Lunar Series: 2018 - Year of the Dog Coin

Royal Mint Gold Lunar Series: 2019 - Year of the Pig Coin

Goldco Features

It is easy to set up a Gold or Silver IRA with a Goldco representative.

You can protect your nest egg by diversifying your investment savings with a Precious Metals IRA.

Silver and gold make wise investments because they tend to hold their value and are highly sought out.

Once you decide to liquidate funds from an IRA, gold and silver can typically be very easy to cash out.

Goldco offers a wide array of gold and silver bars and coins available for purchase and addition to a Precious Metals IRA.

Goldco experts can easily take you through how to initiate a new Precious Metal IRA or roll over your existing investment funds into a Precious Metal IRA.

Precious Metal IRAs are tax-advantaged, meaning they are an ideal option for having full control over your own physical investment.

The Goldco website provides a free guide on how to create a new self-directed IRA for Precious Metals.

The entire process of starting a precious metals IRA is quick, easy, and stress-free.

Investment in precious metals means more security for your retirement savings because you've diversified your portfolio.

Your earnings grow tax-free or tax-deferred.

The IRA set-up/roll over process is easy and quick, especially with assistance from a Goldco expert.

Goldco Review Summary

You've done the research and have decided that a Precious Metal IRA is the ideal option for diversifying your retirement investment portfolio, and, of all investment companies, Goldco is your top choice.

To proceed with setting up and funding your IRA, visit Goldco online to fill out an intake form, or feel free to reach out to their customer assistance team today!

Goldco Review 2022

Self-Directed IRAs – A Free Handbook

Take some time to assess whether a Gold or Silver IRA is right for you; request a free guide from Goldco on self-directed IRAs. Learn about what to expect when setting up an IRA so you know you’ve made a fully informed decision.

Goldco Resources Available

You will find that the Goldco website offers excellent information on planning and investing for retirement. Visit the ‘Resources’ tab at the top of the site to discover several helpful articles including a section on current pricing for gold, silver, and more. As well, there are video tutorials plus a FAQ section to address any additional questions you may have.

Transferring and Rolling Over IRAs – A Simple How-To

Goldco’s process to create a Precious Metals IRA involves four easy steps, however, should you require assistance at any point, representatives are available and happy to help.

1.       Review and weigh all benefits of precious metal investment against other retirement savings options such as stocks, bonds, or real estate. As well, determine which precious metal might be right for you and why.

2.       Contact a Goldco IRA specialist today! If you need assistance with rules, regulations and paperwork, their team are experts at facilitating the sign-up process.

3.       Next, arrange with your Goldco IRA advisor to arrange a funds transfer to your newly created account. After which time, you can choose the specific coins or bars you would like to add, and Goldco will transport and securely store your items accordingly.

4.       Sit back and watch your nest egg grow! You can also contribute up to a total of $6,000 each year – that’s across all IRAs – without incurring additional fines. If you are older than 50, you can even contribute $7,000 yearly.

The Transfer and Roll Over of Existing IRAs – Is it Right for Me?

Need help deciding whether or not to roll over your current retirement investment savings into a Precious Metals IRA? You can visit Goldco online and go through their comprehensive guide to assess your retirement account’s eligibility to be rolled over into a Gold or Silver IRA. Alternatively, you can contact a Goldco representative with any questions on the roll over process, and live chat is readily available and simple to use.

A very common point in time to initiate a roll over of funds is when one switches occupations or is at retirement age. What many people don’t realize is they may be able to roll over funds from multiple retirement savings accounts into a newly created Precious Metals IRA. One benefit of rolling over existing funds from a company-sponsored account into a Gold IRA is that the value of the gold or silver in your account are normally taxed lower than if you had simply purchased the metals to hold at your personal residence. Depending on your individual situation, you may be able to avoid being taxed on the gains from your investment. As well, savings that are held in precious metals are less likely to be seized by government officials than other investment accounts. Gold and silver offer an extra level of security should an event occur where the value of the US dollar plummets, meaning the investments you make today are worth considerably more down the road.

That being said, here are some important steps you should know before taking the plunge:

- Familiarize yourself with current IRS rules and regulations regarding IRAs.

- It is also very important to first research acceptable IRA contribution limits for your age range, as exceeding the limit can result in a yearly fee of 6% until the error is remedied.

- Keep in mind that funds cannot be withdrawn before the age of at least 59 ½ years; an early withdrawal can incur a 10% fee in addition to further tax on the funds withdrawn. 

Setting Up a Silver IRA

As mentioned above, the procedure to create a Silver IRA with Goldco is very straightforward; complete their website form, fund your new account, and select whichever silver coins or bars you would like to the account. You also have the option to select a mix of silver and gold items for your self-directed IRA.

Silver IRAs from Goldco

Just like Gold IRAs, Silver IRAs make for a great choice if diversification is important to those looking for alternative investment options. Investing in silver is prudent because it is another precious metal with value that can typically survive a tumble in the markets. 

One notable benefit to silver is that it is more economically priced compared to gold and other precious metals. Just like gold, it is in high demand, however, you can purchase many more silver items for the same price spent on gold. Once you reach retirement and require funds, it should be easy to liquidate your silver bars and coins, regardless of the current state of the stock market. 

Goldco’s IRA Bars 

Goldco offers a wide selection of gold bar sizes from which to choose. The most popular sizes come in 1-ounce, 5-ounce, 10-ounce, and 100-ounce bars. According to IRS regulations, the gold held in precious metals IRAs must be at least 99.5% pure.

How to Set Up a Gold IRA 

The experts at Goldco can help get you set up quickly and easily. They will answer all of your questions about IRS-related guidelines on self-directed IRAs so you can be sure all proper standards are being adhered to while still enjoying the tax-advantaged benefits.

- Your customer service representative can assist you with completing the application form to create a new IRA. 

- Next, simply advise the representative of your desired payment type, and a transfer of funds can be arranged. 

- Finally, pick which precious metal you’d like to add to your IRA.

- At this point, Goldco will securely transfer your precious metals to an IRS-sanctioned storage facility. When you reach retirement, you will have the option to take your payout in gold or liquidate to cash.

Gold Coins or Bars?

There are several points to consider when determining which way to go. Gold bars are a solid choice, but gold coins present an interesting advantage because of additional demand for a type of coin or rare mintage, which could dramatically exceed the value of weight alone.

Goldco offers a list of the various gold coins and bars they offer that meet these requirements and can be held in a Gold IRA.

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Source: Goldco.com, June 2021