Last Updated on March 14, 2023 by Ben
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.
You might think, “Is Oxford Gold Group legit?” To know more about what this company offers, read through this extensive Oxford Gold Group review!
Table of Contents
- Precious Metals Investing In Oxford Gold – Everything You Need to Know
- How Does Oxford Gold Group Work
- Oxford Gold Group Products and Services
- Kinds of Retirement Accounts Can Oxford Gold Group Rollover Into a Self-Directed IRA
- Pros and Cons of Oxford Gold Group
- Trust Ratings and Reviews
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 stores your precious metals 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. Rather than promoting multiple investment strategies, this company focuses more on their clients’ needs so they won’t feel pressured to purchase precious metals.
The Oxford Gold Group also sells self directed retirement accounts. Investing in precious metals has never been easier since 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 don’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
This company has made investing in gold IRAs as cheap as possible. Oxford Gold Group 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 start your precious metal investments through a self-directed IRA. This implies that 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 the company, 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. They offer coins and bars in a variety of precious metals and delivery, packaging, and shipping services on purchase orders.
Moreover, an Oxford Gold Group partner will always assist you whenever you have a specific concern. This company stores your precious metals in the safest way possible so you won’t have issues with theft or other schemes. Oxford Gold Group works with trusted storage depositories so your various precious metal products will be safe and sound.
Oxford Gold Group Products and Services
The Oxford Gold Group is also flexible when it comes to their offers. They provide a number of services to their clients in addition to free research and educational tools.
If you’re looking for a specific Oxford Gold Group offer, here are some of their best options:
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 funds 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. Aside from that, you may also take advantage of other precious metals like gold and silver coins. Gold coins are an excellent choice since they don’t depreciate over time.
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.
Gold prices are getting higher, so 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.
The company also offers silver IRA and palladium coins, and these are excellent investment options compared to the stock market.
For more insights on their services, it would be best if you contacted Oxford Gold Group via their communication channels.
Kinds of Retirement Accounts Can Oxford Gold Group Rollover Into a Self-Directed IRA
Traditional IRA Account
Oxford Gold Group’s traditional IRA allows individuals to invest pre-tax income into tax-deferred assets (no capital gains/dividend income is taxed). It all depends on the taxpayer’s age, income, filing status, and other factors.
Contributions are deductible, and 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.
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.
The Small Employer Savings Incentive Match Program is a retirement vehicle that small businesses/self-employed people may finance. In this case, contributions are deductible.
Traditional IRAs and Simple IRAs 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.
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).
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
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 metal market, so you should exercise caution when dealing with any precious metal firm.
This company has excellent ratings from many sources. They have an A+ rating at the Better Business Bureau, 4.8 out 5 stars on Trustpilot, and multiple sources recommend Oxford Gold Group as one of the top companies in the market today.
Overall, these organizations rated Oxford Gold Group as a great company and a fine choice to invest in physical precious metals.
American Hartford Gold
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 loads 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.
Augusta Precious Metals
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.
This company remains with its valued clients throughout the entire life span of their physical gold and silver portfolios with the company, unlike other gold firms.
Also, 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.
Goldco is a prominent precious metals vendor that helps individuals establish and fund gold IRAs. They are 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.
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.
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.