Oxford Gold Group Review

Gold IRA is a secure choice for investing in gold without the hassles and risks associated with keeping actual bullion bars. There are numerous sorts of gold IRA accounts; however, the Oxford Gold Group IRA stands out because of its dependability, cost-effectiveness, simplicity, and other factors.

Customers may work directly with business partners for each sale, whether it is directly buying precious metals or precious metals IRAs since Oxford Gold Group is an owner-operated company.

Precious Metals Investing In Oxford Gold – Everything You Need to Know

What is Oxford Gold?

Oxford Gold Group is a gold, silver, platinum, and palladium dealer that also offers gold and silver IRAs. You may create a new account or transfer an existing IRA or 401(k) to Oxford Gold Group.

The Oxford Gold Group keeps IRA gold in a safe using the Delaware Depository and Brink’s Global Services. Residents of Texas may also pick the company’s own storage facility in Texas.

History and Background

The headquarters of the Oxford Gold Group are in Los Angeles, California. The firm began operations in 2017, but its founders have more than 20 years of experience in the precious metals sector. Its owners’ insights and their dedication to client care have aided it to establish itself as a top gold investment company.

The Oxford Gold Group also sells self-directed gold IRAs and silver IRAs. The firm can also develop custom investment plans to help you reach your financial objectives.

The Oxford Gold Group provides trading possibilities for gold, silver, platinum, and palladium if you don’t want to invest in IRAs. Gold IRAs, on the other hand, provide tax advantages that these other options do not. You won’t pay taxes when you sell your retirement account’s gold for a profit because the value of your gold rose.

Oxford Gold Group Account Fees

The Oxford Gold Group has made investing in gold IRAs as cheap as possible. The firm charges a fixed yearly maintenance fee, which ranges from $175 for accounts worth less than $100,000 to $225 for ones valued at more than $100,000.

The storage fee is included in the maintenance fee, but shipping and brokerage costs are not. Furthermore, all account maintenance expenses are tax-deductible.

If you have a huge account, the Oxford Gold Group can provide savings on your maintenance fees. The size of your account will impact how much of a rebate you receive, and it may continue for several years. The rebate program is so successful that many gold IRA owners don’t pay maintenance costs for the first three years of operation.

How Does Oxford Gold Group Work

Unlike a regular IRA, you may invest in precious metals through a self-directed Oxford Gold Group self-directed precious metals IRA. That implies you get to pick the IRA-approved metals you want to invest in, such as gold, silver, platinum, and palladium.

If you’re interested in establishing a precious metals IRA with Oxford Gold Group, go to its website and download its free report on how to invest in precious metals. To obtain the material, you must give your name, email address, and phone number.

Oxford Gold Group can assist you in selecting the best gold and other precious metals investment option after you’ve decided to start buying. Oxford Gold Group offers coins and bars in a variety of precious metals and delivery, packaging, and shipping services on purchase orders.

Oxford Gold Group Products and Services

They provide a number of services to their clients in addition to free research and educational tools.

Precious metals IRA

IRAs are investment accounts created specifically for individuals who wish to save for retirement. They provide tax benefits to those who use them to save in return for placing limits on how much fund they put into the account.

The Oxford Gold Group manages precious metal IRAs for their clients, allowing them to invest in precious metals in a tax-advantaged account.

You can contribute money to a precious metal IRA and then select the metals you’d like to invest in. Oxford Gold Group manages the purchase and storage of those metals on your behalf. The company may send the metal straight to you when it’s time to withdraw from your account.

Silver, gold, platinum, and palladium products

Oxford Gold Group offers a wide range of precious metal products, even if you are not creating a precious metal IRA.

Gold, silver, and other precious metal coins and bars from several nations around the world, including the United States, Canada, Austria, Australia, and the United Kingdom, are examples of these goods.

You may fill out a form on the Oxford Gold Group’s website to find out whether you’re interested in buying these goods. The firm will contact you to discuss the transaction and specifics, such as delivery and storage, once you submit your interest form.

Kinds of Retirement Accounts Can Oxford Gold Group Rollover Into a Self-Directed IRA

Traditional IRA

A traditional IRA allows individuals to invest pre-tax income into tax-deferred assets (no capital gains/dividend income is taxed). Depending on the taxpayer’s age, income, filing status, and other factors, they may contribute up to $5,500-$6,500. Contributions are deductible. Money is taxed on withdrawal. The owner of the account has the right to withdraw funds at any time, but if you are not more than 59 1/2, you will be penalized by federal law.

Roth IRA

A Roth IRA allows contributors to invest post-tax income toward investments that grow on a tax-deferred basis. Depending on the taxpayer’s income, filing status, and other criteria, up to $5,500 or $6,500 may be contributed. Contributions are not deductible since they are made after-tax. Because money is taxed before being put into a Roth IRA, it does not incur any penalties when taken out. The holder of a Roth IRA is exempt from withdrawal fees as long as they are over 59 1/2 years old. If you take the funds from your Roth IRA before they reach age 59 ½ and the account has less than five years of service, you will owe a tax penalty.

401(k)

A 401k is a type of “for-profit” company’s retirement plan. The most popular form of defined contribution retirement plan is the 401(k). These plans may generally only be transferred if the recipient is at least 59 1/2 years old or has left employment (no longer works for the employer).

SIMPLE IRA

The Small Employer Savings Incentive Match Program is a retirement vehicle that small businesses/self-employed people may finance. Contributions are deductible. Traditional IRA’s and SIMPLE IRA’s cannot accept rollover contributions from these accounts until they have been open for at least two years. It is not possible to switch to a minor account.

Thrift Savings Plan

A Thrift Savings Plan (TSP) is a savings plan for federal government workers. Employees are either “civilian” or “uninformed,” depending on their job. In order to roll over their TSP accounts, federal workers must be 59 1/2 years old or older and/or separated from service with the government. In addition to TSP forms, employees must use a separate set of forms for any rollovers.

The direct trustee-to-trustee transfer and the 60-day rollover option are two legal, tax-free, and penalty-free ways to move assets between retirement accounts. The Oxford Gold Group has a dedicated IRA department that will handle the technicalities for you.

Pros and Cons of Oxford Gold Group

Pro

• Fast and simple account creation procedure
• Simple fee structure
• Hold a variety of precious metals.
• There are huge educational tools available.

Con

• A higher first-year charge than other companies
• Paper account statements will incur additional costs.

Trust Ratings and Reviews

When you entrust any business with your money, it’s critical that you feel confident in the company you’re dealing with. There are numerous scams and deceptive offers in the precious metals market, so you should exercise caution when dealing with any precious metal firm.

The Oxford Gold Group is a company with excellent ratings from many sources. They have an A+ rating at the Better Business Bureau, 4.8 out 5 stars on Trustpilot and all around good reputation online for pricing transparency to name just some!

Alternatives

Augusta Precious Metals

Star Rating

Augusta is a gold and silver champion, having won numerous awards for her research on the subject. Augusta Precious Metals is the only gold dealer in the country to offer this service. Augusta Precious Metals remains with its valued clients throughout the entire life span of their physical gold and silver portfolios with the company, unlike other gold firms.

Unlike other gold companies, this firm has specialized divisions that handle each step of the simplified procedure, resulting in cost savings that are passed on to clients through decreased pricing.

Augusta’s commitment to full transparency, simplicity, and account lifetime service to clients and their customized metals portfolios is expressed on the firm’s website.

American Hartford Gold

Star Rating

The American Hartford Gold (AHG) is a family-owned business that aids customers in diversifying and safeguarding their wealth with precious metals. Physical silver, gold, and platinum coins and bars, as well as the innovative Gold IRA, are available.

American Hartford Gold provides a wealth of precious metals market information and historical perspective, as well as free access to publications and Product Specialists who can help you make educated investment decisions. The company is committed to giving this information for free so that investors can make the greatest judgments possible without being pressured.

Goldco

Star Rating

Goldco is a prominent precious metals vendor that helps individuals establish and fund gold IRAs.

Goldco is a California-based firm that helps customers protect their financial future by investing in precious metal IRAs. Goldco isn’t new; they’ve been operating since 2006, but it’s only now that precious metal IRAs are receiving the attention they deserve with regard to impending taxation.

The cost of a precious metals IRA with Goldco is $260 per year. If you want to invest in a non-segregated storage IRA with Goldco, it will set you back $260 for the first year and $180 for each subsequent year.

If you want to keep your IRA with separate storage, you’ll pay $310 in the first year and $230 each year after that. There are no costs involved with non-IRA transactions.

Birch Gold

The Birch Gold Group is a precious metals merchant with 19 years of expertise, including assisting customers in managing Precious Metals and Gold IRAs. For IRA investments or personal ownership, the firm sells real gold, silver, platinum, and palladium.

The Birch Gold Group’s in-house IRA Department specializes in making it easy for customers to create a Precious Metals IRA or transfer retirement funds. Birch Gold provides a deep level of client education, taking the time to make sure each customer understands the advantages and risks of precious metals investing while also taking into account each investor’s objectives.

Regal Assets

Star Rating

Regal Assets is a famous name in the gold investment sector. The firm specializes in assisting customers in protecting their savings and assets through gold-backed IRA programs and has been the market leader for ten years.

For their thousands of investors who wish to acquire bullion coins and bars and then stock them offshore in a politically and legally safe jurisdiction, Regal provides an outstanding variety of alternatives in the precious metals categories of gold, silver, platinum, and palladium.

Among the large variety of products available are some of the most well-known and purest coins and bars made in the world’s finest and most prestigious mints.

Conclusion

Oxford Gold Group has a decent variety of coins and bars accessible if you’re looking to acquire precious metals for investment. They also offer products that are IRA-approved, which is beneficial if you want your investment account to be tax-deferred. 

If you’re looking to invest in some high-quality metal assets while diversifying your portfolio at the same time, consider giving this firm a closer look by checking out their website or reading through testimonials from satisfied customers.