Rolling Over Your 401k to a Gold IRA
Are you looking to rollover your 401k into a Gold IRA? A Gold IRA is a retirement investment account that is backed by physical gold, not the US Dollar and there are many reasons you should consider it.
Most investors believe in the myth that the price of gold is one of the most volatile values on the market due entirely to emotional and political swings. That is partially true, but the day to swings are very small compared to the long term growth. This means that Gold long term (think retirement) investment value is much stronger than most other types of investments.
When you look at the long term performance of gold, it is anoption for a 401k rollover that very much makes sense.
Things to Consider when Choosing an IRA Company
Choosing any investment opportunity can be stressful enough, even when you do not have to fret about the devaluation of the dollar, or the status of the economy, and the prospect of others buying the limited gold out there. These are all very real and serious concerned that many people will have when turning an IRA into a Gold IRA. And all of these worries can be put to rest by possessing the right information and ensuring you have all the knowledge necessary for your decision.
The best way to ease your worries is to find a reliable company that can answer your questions and provide you with the best quality care possible. It is rather frustrating to locate an exceptional IRA company, as not all of them are loyal nor trustworthy. Later we will discuss some of the most reputable companies with excellent online reviews and success stories; however, for now we will first see what kinds of things you should judge these companies on.
What makes a great Gold IRA Company
It is important to know as much about the IRA systems as you can before going ahead with any contracts and commitments. Below you will find four things to educate yourself on so you are prepared for your discussion with a representative from prospective IRA companies.
Beware of Hidden Service and Storage Fees
The representative will try everything they can to get you to sign on with them, their job is to sell and so many will do anything to get the best sale they can achieve. This can cause dishonesty and embellishment of costs and terms. It is important to be cautious and for you to ask direct questions about if there is a flat storage fee or if the storage fee changes based on an increase in the account balance. Know that many of the Gold IRA companies have an administration fee that will grow as your money grows. Make sure you know exactly what to expect from each and every company so that you can make your decision based on facts and not the embellishments of Gold IRA salesmen.
Know Your Precious Metals
Gold is not the only type of metal that can be used in an IRA, other precious metals like silver and platinum can also be invested in for IRA. It is vital that you educate yourself on the different metals and how they will be used in IRA, you will also need to watch for which types of metals can used when rolling over your original IRA. Figure things out for yourself first, like the benefits and disadvantages of both Gold Bullion (rare) and Gold Coins (collectibles).
Learn all you can so you know which investments fits you the best. The types of metals you choose will also affect the storage facilities your need so ensure the company you are working with will provide you with the highest quality security features in their storage facilities. Also, be aware that the accountant representative that you deal with is receiving some sort of commission based on profit margins, so some of these representatives will try to convince you to invest in a particular metal. For example, one representative might try to sell you some rare coins to invest in as a way to get more money for themselves. Be aware of this and also make sure you read all of the online reviews and resources on each company you are considering.
Getting The Best from your investment
Remember that what you decide now may not meet your needs ten, twenty, or thirty years from now. Down the road you may wish to unload some of these precious metals or liquidate your assets. Check to see if there is a buyback program for the Gold or Silver you want to invest in. You should make sure you will get a fair value when you want your money. A good Gold IRA company will be reliable and helpful when helping you set up your investment as well as when you are ready to deplete your investment and receive your cash.
Making your Choice
It can be very frustrating to go through with a company only to be bombarded with additional fees and poor customer service. It is important to find the best suited company on your first try, to save you any unnecessary headache. Know that it can take 30 days to 90 days for your precious metals to deliver and so this long, tedious process does not need to be more stressful because you choose the wrong company. Since you will need assistance with rolling your funds into a Gold IRA account and dealing with any tax issues, it is always best to seek assistance from an IRA professional who can guide an assist you with all your needs and questions.
Three common complaints of Gold IRA Companies and how to avoid them:
Complaint Number One
Sales representatives who only care about their own commission from your transaction and so the customers feel taken advantaged of and less likely to proceed with rolling their IRA into a Gold Ira…It is vital to learn the difference between a cunning salesman and a helpful representative. A cunning salesman will keep trying to pressure you to buy something you obviously do not want and most likely do not need, a helpful representative will ask you questions about what you are looking for and offer suggestions to find the best IRA plan for your and your needs.
Complaint Number Two
Another complaint about the techniques of the salesmen is that their tactics are too aggressive; i.e. calling clients all the time and pestering them to make their decisions as quickly as they can…you should know that even the good representative are really in this to earn commission, but that does not mean they should annoy and pester you. A good representative will take the time to answer your questions and provide you with all the need information. They should wait for you to make your choice and not attempt to hustle you into a poor investing choices. You should be assertive and not let yourself be intimidated by representatives who appear knowledgeable about all things IRA—you most definitely should conduct your own research.
Complaint Number Three
The last most common complaint is that an account representative will try to get you to buy a precious metal that has a bigger profit margin for the company then that will benefit you, the client….this comes from, again, the salesman trying to get the best deal for them and so they will not provide you with the most accurate information. It is best to get most of your advice and information from neutral and third party sources. This way you will be able to ensure you have the most reliable information and can use that when talking with your account representative. Also, ensure that the company you are considering actually has a buyback programs and gives you the option of selling or liquidating your assets so you can make good on your investment.
This highly rated company follows a customer first philosophy and will stand with you every step of the way. Right from your very first phone call Regal Assets places your satisfaction as a priority by assigning you a single accountant representative to work with you during the whole process, and this single person will be the one to answer all your calls and emails. Regal Assets understands real people and their real concerns, your personal accountant representative will ensure that you understand all about precious metals and investing. You will not feel pressured to succumb to any sales tactics and you can be assured that every option will be presented to you.
Regal Assets provides its customers with very fast delivery (within 7 day) of their precious metals. They also have the added perk of receiving a free 1 oz. Silver American Eagle if they happen to miss a deadline. These are great qualities to look for because it shows fast service and an honest merchant who will take responsibility for its errors.
Excellent fees and prices
Regal Assets charges clients a flat fee of 150 dollars per year (as opposed to 225 dollars per year or more form competitors). They also keep the metals segregated, allowing for full separations between your precious metals and their other clients. A lot of other companies will not segregate the metals and will cost just as much or more then Regal Assets. Additionally, there is a flat fee for Administration matters of 100 dollars for all of Regal Assets clients. Many other companies will increase these fees if the value or the investment increases. Lastly, as a sign up perk they will pay for your setup fees, administration fees, storage fees and delivery of metals. In your first year of using a Gold IRA with Regal Assets, you will save 500 dollars, as opposed to having to pay for all of that or more with a competitor.
Requests and fund transfers occur with forty eight hours because Regal Assets does all its paperwork electronically and clients can send in faxes of their signatures; so, there is no need to wait for the post office or FedEx to arrive with the documents. With this fast service, and the fact that you will receive your gold within seven days, Regal Assets proves itself to be one of the most customer friendly Gold IRA companies out there.
Regal Assets received the highest rating of an “A+” on the Better Business Bureau website, which shows reliable and honest Regal Assets is and how you will be met with efficient and quality service when choosing Regal Assets for your Gold Ira needs. Regal Assets achieved such a high ranking because there have been no complaints made on the Better Business Bereau website in more than a year. The Better Business Bureau website provides citizens a place to write and read reviews about many different businesses, allowing for a nice online community to form where people share their opinion and others are able to be warned against untrustworthy businesses that provide poor customer service. To find out more about Regal Assets’ ranking on the Better Business Bureau website, you can view the ranking and reviews at:
In the 2013 Inc. Magazine’s ranked Regal Assets as number 20 out of 500 for the greatest United States financial services. This was the thirty-second annual listing for Inc. Magazine’s financial services list, which provides Americans with vital information about the 500 most financially successful businesses out of the thousands and thousands that operate within the United States. This ranking demonstrates how great Regal Assets is because its great financial success shows how millions of people have put there trust and money into the Gold IRAs and other investments that Regal Assets offers. More details about Regal Assets’ ranking on Inc. Magazine can be found in the following article with the link:
Regal Assets also has a great reputation on the website TrustLink, another website where people can write and read reviews about different businesses. Based on 403 reviews, Regal Assets has earned an average of Five Star ratings, meaning it as achieved a preferred membership status on the website. The reviews of Regal Assets posted on the TrustLink website can be viewed here:
With Regal Assets you will be sure to fine high quality services at great prices as well as superb customer service for all your Gold IRA needs. Sign up for your Gold IRA with Regal Assets at: https://www.regalassets.com/
For more information about Gold IRA’s visit wikipedia’s Gold IRA page.