Best Silver IRA Companies
Choosing the best Silver IRA companies is not an easy task. There are many different types of companies out there that offer a variety of options to people who desire to invest in their retirement plans.
Many people will tell you that it's important to research before making any decisions about your investment, but how much time should you spend researching? In this article, we'll go over some things that might help you find the company for you!
Top 5 Silver IRA Companies Compared
RANK | COMPANY | TRUSTLINK | MIN. INVESTMENT | PRICING | MORE INFO |
|---|---|---|---|---|---|
1 | Goldco | 5 Star Rating | $25,000 | Great - 10K Free Silver* | |
2 | Augusta Precious Metals | 4 Star Rating | $50,000 | Good | Review of Augusta Precious Metals |
3 | Regal Assets | 4 Star Rating | $10,000 | Good | |
4 | American Hartford Gold | 4 Star Rating | No minimum | Best *Price Match Guarantee! | |
5 | Gold Alliance | 4 Star Rating | $10,000 | Good | Review of Gold Alliance |
Silver IRA Company Reviews
Goldco
www.goldco.com
Star Rating
Goldco is a company that sells precious metals to people who want IRAs. Goldco was founded in 2006, and it has offices in Woodland Hills, California. You can buy gold, silver, platinum, and palladium from Goldco for your IRA instead of stocks or bonds. The Taxpayer Relief Act of 1997 constructs a few exceptions to the collectibles rule.
This type of IRA investment is possible because it is one of those exceptions. The exceptions are for bullion types and coins that help people invest their money. Goldco is a company that helps people with their IRAs. They help people open new accounts, and they help people who want to transfer their IRAs from other companies or financial institutions to Goldco.
Goldco helps clients protect their retirement savings. They roll over their existing IRA, 401(k), 403(b), or other qualified retirement accounts to a Gold IRAGoldco is a business that helps people with their money. The company has a good rating from the Better Business Bureau. They have a Triple-A rating from the Business Consumer Alliance, which means that they have been reviewed positively by customers and their business practices are ethical. To learn more about how safe-haven precious metals can help you protect your money, call today.
Pros
- This company sells IRAs for gold and silver.
- A list of free resources for retirement.
- You can find information by going online or on the phone.
- Goldco specializes in precious metals-backed IRAs.
- Goldco has many years of experience in Precious Metals IRAs.
- This company has an A+ rating from the Better Business Bureau.
Cons
- Only offer gold and silver IRAs.
- This company does not provide custodian or storage services.
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
Augusta Precious Metals is an award-winning company. They stay with customers through the life of their physical gold and silver portfolios. They are a leader in the retirement community, and they say that they need to add physical gold and silver to their retirement portfolio.
Augusta Precious Metals is committed to transparency. When you buy from this company, people will make sure that you know everything about the product. Anyone in the U.S. can call the Augusta analytics team to find out more about gold and silver as a preservative portfolio asset.
Augusta Precious Metals helps people set up silver and gold self-directed IRAs. They send IRS-approved metals to secure depositories. The company also educates people who want information before they decide to fund a Silver IRA and provides a lot of information on its website.
The company offers online resources, including current market news, videos led by a Harvard analytics program member, and a required minimum distribution calculator. The company also provides free one-on-one webinars with its in-house economic analysts.
Pros
- Lifetime customer support
- Streamlined approach
- Competitive pricing
Cons
- No online orders
Regal Assets
www.regalassets.com
Star Rating
Regal Assets gets a lot of praise from its customers and from people who know about the industry. Celebrities, like (famous person), invest there too. When they called them over the phone, they were very helpful. They said that they had a 99.9% satisfaction rate because their opening was really good.
They also told us that they had recently been ranked #20 in Inc Magazine's famous top 500 list. They've been in financial newspapers such as Smart Money, Forbes, Yahoo! Finance, and Market Watch.
There are many reasons that Regal Assets became one of their top gold IRA firms in 2021. One reason is that they have great customer reviews, no complaints, and competitive prices. They also sell precious metals and bullion coins
Pros
- Official member of the Forbes Finance Council
- AAA Rating with the Business Consumer Alliance
- This company has a rating of A+ with the Better Business Bureau.
- Customers on TrustLink gave this company a 5 out of 5-star rating, and the company is a preferred member.
Cons
- Currently, they only work with people from a limited number of countries.
American Hartford Gold
www.americanhartfordgold.com
Star Rating
American Hartford Gold Group is a family-owned business that sells precious metals and precious metal IRAs. You can buy precious physical metals. This includes gold, silver, platinum, and palladium bars, coins, or bouillon.
You can use a gold or silver IRA to add to your savings. Gold and silver IRAs are an alternative to a traditional IRA, which focuses on bonds, stocks, and other investments like that. Precious metal IRAs help diversify your retirement savings and make you wealthier in the long run.
American Hartford Gold Group will not charge you to set up your own IRAs and do retirement accounts. They also won't charge for shipping your precious metals around, including insurance and tracking.
Depository fees vary depending on the amount that you invest in. The online catalogs for precious metals don't list prices, so you will need to talk to a company representative. The website does provide price charts for gold, silver, and platinum.
Pros
- Buy-back guarantee
- High customer ratings
- No shipping fees
Cons
- Metal investments carry risks
- No prices on online catalog
Gold Alliance
www.goldalliance.com
Star Rating
Gold Alliance is a company that helps people decide what to invest in. Gold Alliance works with clients across the United States. People turn to Gold Alliance when they want to have their own silver IRA. The company has been around since 2017.
Gold IRAs are a type of IRA. It is an IRS-regulated account. Gold IRAs allow people to invest money in physical gold instead of stocks or mutual funds. Gold Alliance is a company that deals with gold and precious metal.
They help people buy this for their retirement account. When people have a long-term investment strategy, they can use gold or other metals to make it happen. Gold Alliance can help you to buy gold or other precious metals outside of your retirement account.
Pros
- Free precious metals storage
- Free $1,500 in silver for qualified accounts
- Buy-back guarantee
Cons
- Does not publish prices of precious metals
Silver IRA: What You Should Know
A silver IRA is a special kind of retirement account that permits you to invest in entitled silver coins and bars. The rules are the very same as those for any other IRA, except you can attach silver and other valuable metals to your account, whereas uniform IRAs focus on stocks and other paper assets. Silver IRAs can help you to save money for retirement.
They are good because they are different from other investments and you won't lose your money. The only problem is that it takes a long time to get the money back, so don't be too sad if you want to take some of the money out before then.
Many people are familiar with IRAs that you can open at a brokerage firm. These accounts help you save money. When you finance these types of accounts, your money is buying stocks and bonds from companies like Fidelity or Schwab.
A less common option is to open a self-directed IRA account. This type of account has the same tax benefits and the same guidelines as other types of IRAs but with one difference—you manage the investments. This means you can choose your investments instead of having to use what the broker offers.
There are many choices, and they include hard assets that you can touch like cash-flow real estate, businesses, gold, silver platinum, and palladium. A Silver IRA is an IRA with some type of silver investment inside it.
Is Silver a Good Retirement Investment?
Silver is a type of metal. It is also seen as a safety net in times of uncertainty. People use silver to protect their wealth in difficult times like now when tensions are running high.
What to Look For in A Silver IRA Company
Not every IRA company advertised today is trustworthy, and it's important to understand the strict regulations IRAs must follow with regard to storing precious metals.
Informative
IRAs are not easy to understand. There are many different codes that go into IRAs, and it can be hard to tell which ones you can use. IRAs also have a lot of rules about what transactions you can only do with them and which ones you cannot. The information on IRAs is hard to understand. With this in mind, we place together a list of companies that make the most information about IRAs easily accessible. All of these companies offer some educational resources, but not all of them have the same amount.
Fair Marketing Tactics
Many companies that sell precious metals and offer Silver IRA custodial services create unsupported claims about “guaranteed” profits. Many also charge their websites with alarming headlines about impending economic disasters. Some companies try to trick or scare seniors into investing in their company without thinking about it first.
Reputable
You should look at companies that have a history of service and a good reputation in their communities. It is important to remove companies from your record that had unclear origins or that had accepted negative reviews from reputable news organizations.
Things to Consider When Choosing a Silver IRA Company
You should consider these things in looking for a Silver IRA Company:
Track Record and Reputation of the Company
Check with your state securities regulators for any problems. You can do a background check to see if the people who are running the company have done anything bad in the past. You can also do a Better Business Bureau search and see if there are complaints against them and how they were resolved.
Ratings are a number that tells how well companies are doing. These ratings come from people who have bought from the company before. If more people say good things, then the better the company is doing.
The best ratings are from the Better Business Bureau, the Business Consumer Alliance, and TrustLink. Consumer information websites can help you find out more about the service quality and professionalism of a company. These websites tell you what other people have said about the company, and they also let you know if there are any complaints.
Upfront and Reasonable Individual Retirement Account Fees
Experts say that you should only consider firms that offer a flat fee for their yearly fee. Firms that have fees that go up with the size of your account are just taking unfair advantage of you because they know you have more money. Investors with a medium-sized account ($50,000) or larger should be careful.
Investors with plans to increase their account size over time should also be careful. Some firms charge customers a fee for having a balance. They might charge this even if the customer doesn't deposit money. These firms have been known to assess literally thousands of dollars in fees each year.
Silver Storage Safety
You need to know the policies of each storage. They might have different rules. Some have commingled storage, which means that people's things are mixed together in one place. Other places have segregated storage, where people's things are separated from others' and stored in their own place Commingled storage of metals is when the vault holds metals that belong to many people. Segregated storage is when silver is put into a locker system inside the depository.
In segregated storage, the coins or bullion bars stored are the same ones that come from the bank. But in commingled storage, even though they have the same value as those taken from the bank, they might not be stored there originally.
Segregated storage is your own place in the vault. This means that no one else's metals will be near yours, and they won't mix together. If you want to sell your silver, gold, and other precious metals in the future, it is good to store them with these firms. They are easy and fast if you need to sell them. You should be careful of how much they charge for international storage or segregation.
Generous Company Buyback Policies
If you want to sell your silver, make sure you find someone who can buy it. If they cannot buy it quickly and easily, then you might not get as much money. You should pick a custodian who will buy back your silver at the current market price. That way, you can sell your silver quickly at the current cost.
Sincere ‘Trust Signals’ From the Provider
A well-rounded silver IRA custodian should be able to offer other precious metal investments besides gold. These can include silver and platinum. They are different than gold, but they might be something you would want in the future when the market changes.
It is important to choose a silver IRA custodian who is trustworthy and knows about the current trends in the market. They can help you decide which type of silver IRA to invest in.
Conclusion
Choosing a Silver IRA company is important. You need to think about the company's reputation and integrity before you entrust them with your money.
Investing in a Silver IRA gives you a lot of benefits such as stability in your future investments from the market's ups and downs, and more diversification in other areas like stocks so if anything does go wrong you'll have some sort of backup.