When it comes to buying gold, an IRA company is of great importance to you. The company is your custodian and is responsible for a number of things which include:
Buying IRS-approved gold for you
Setting up your self-directed IRA
Ensuring that your gold is secure and safe
Rolling over your existing IRA into a Gold IRA without any tax penalties
Due to the importance of an IRA company, it's good that you do your research and identify the best company in your area. A good company should be willing to do the following:
Rolling your existing IRA to a new gold IRA
Investing your funds in a number of other precious metals other than gold
Providing you with a secure storage facility for your gold
Keeping track of the market conditions for gold and other precious metals
Offering good deliver and guarantee policies
Offering a flat fee for your account
Advising you on what to do on a number of issues
Factors to consider when choosing an IRA company
License: all IRA custodians are required by law to be properly licensed by the internal Revenue service (IRS); therefore, you should ensure that the company that you want to work with has the necessary license.
Insurance: it's good to work with a protected company; therefore, you should work with a company that has the FDIC insurance. The good side with working with an insured company is that you are sure to get your investment back in the event there is a calamity in the company.
Online reviews: many people write their experiences with a company online; therefore, if you are looking for a reputable company you should visit online review sites and see if there are any reviews about the company that you want to work with.
If there are no reviews, chances are that the company is new thus it's not good to work with it. If there are reviews, you should ensure that they are positive. One of the best sites that you should visit is the Better Business Bureau website.
These are some of the factors that you should consider when choosing the best gold IRA Company. When you find three or five good companies you should schedule an interview with the representatives of the companies in order to determine if the companies right for you. As rule of thumb you should only work with the best company.
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