About Goldco
Goldco, founded by Trevor Gerszt in 2006, aims to empower Americans to protect themselves from market volatility and stock market crashes. With years of experience and a strong track record, Goldco is committed to helping customers plan their financial futures with precious metals.
Goldco Services
Goldco offers three investment options for its customers: silver IRAs, gold IRAs, and the direct purchase of silver and gold. With a minimum investment of $25,000, Goldco has a lower entry requirement compared to Augusta Precious Metals. Goldco charges an $80 annual maintenance fee, along with a one-time account setup fee of $80. The company uses the Delaware Depository as its preferred IRS approved storage facility, offering options for non-segregated storage at $100 per year or segregated storage at $150.
It is important to note that the maintenance fee and storage fee are separate from the custodial fee, which is required per IRS guidelines. While a custodian may charge an additional fee, Goldco has one of the best buy-back programs in the precious metals industry, providing convenience to investors looking to sell their precious metals.
About Augusta Precious Metals
Augusta Precious Metals, founded by Isaac Nuriani in 2012, aims to protect Americans from unstable and unreliable stock market investments. As a family-owned company based in Casper, Wyoming, with an additional office in Beverly Hills, California, Augusta Precious Metals offers a range of services to its customers.
Augusta Precious Metals Services
Augusta Precious Metals provides three services: gold IRAs, silver IRAs, and gold and silver direct purchases. With a minimum investment requirement of $50,000, Augusta Precious Metals has a higher entry point compared to Goldco. The company charges a $100 annual maintenance fee, which is higher than Goldco, but has a lower account setup fee of $50. Like Goldco, Augusta Precious Metals uses the Delaware Depository and offers options for non-segregated storage at $100 per year or segregated storage at $150.
Similar to Goldco, the account maintenance fee and storage fee do not include the custodial fee. Augusta Precious Metals also has a buy-back program, although it does not offer the highest price guarantee that Goldco provides.
Augusta Precious Metals vs. Goldco: A Comparison
Both Augusta Precious Metals and Goldco have A+ ratings from the Better Business Bureau (BBB), AAA ratings from the Business Consumer Alliance, and five-star ratings from Trustlink. Augusta Precious Metals has a 4.9 rating from Consumer Affairs, while Goldco has a 4.8.
Both companies offer a wide selection of metal options at competitive rates. Augusta Precious Metals stands out by offering lifetime support to customers, allowing access to specialists even after the account is opened. New investors can also schedule a one-on-one web conference with an expert at Augusta Precious Metals to address any questions or concerns before opening an account.
Goldco, on the other hand, provides high-quality customer service and a robust buy-back program for its customers. While it does not offer lifetime support, it excels in assisting investors looking to sell their precious metals.
Which Gold IRA Company Should You Choose?
Choosing the right gold IRA company depends on your specific preferences and needs. Consider the following factors to make an informed decision:
Choose Goldco if:
- Your investment is less than $50,000.
- You prefer lower annual fees.
- You value access to an industry-leading buy-back program.
Choose Augusta Precious Metals if:
- You can meet the minimum investment requirement of $50,000.
- You desire high-quality lifetime account support.
- You want to open a precious metals IRA that includes both gold and silver.
Both Goldco and Augusta Precious Metals are reputable companies that can help you diversify your retirement portfolio with physical assets. Evaluate your investment goals and preferences to determine the best fit for your needs.
CFTC
How To
Gold Roth IRA guidelines
Start saving as soon as possible to save for your retirement. Start saving as soon as possible, usually at age 50. You can continue to save throughout your career. To ensure sufficient growth, it is vital that you contribute enough each year.
You can also take advantage of tax-free savings opportunities like a traditional 401k (k), SEP IRA (or SIMPLE IRA). These savings vehicles enable you to make contributions while not paying any taxes on the earnings, until they are withdrawn. These savings vehicles are great for those who don't have access or can't get employer matching funds.
The key is to save regularly and consistently over time. You may not be eligible for any tax benefits if your contribution is less than the maximum allowed.
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