A quick google search reveals a long list of precious metal IRA specialists ready to help rollover a portion of your retirement savings into physical gold and silver.
Which company should you choose to work with?
In this Goldco review, we’ll take a close look at Goldco, the company's history, fees, reputation, online complaints, and more.
Let's get started.
Goldco: Company History
Goldco is a full-service gold IRA firm located in Calabasas, California. Led by Trevor Gerszt, the company provides gold IRA services to buyers across the United States.
Goldco also ships precious metals to customers that ask for home delivery, but the bulk of their business is in opening gold IRAs.
Goldco’s Industry Reputation
Due diligence is important before making any decisions with your savings. It makes sense to research any gold company before purchasing your bullion bars or coins.
In recent years, some well known gold companies have found themselves in legal battles. Established gold dealers have been sued, and some have even gone out of business for unethical business practices and other gold IRA scams.
So where do Americanas turn to assure they’re working with a legit gold IRA dealer?
Fortunately, the internet makes it difficult for bad actors to hide poor business practices. Customers have the ability to go online and vent any frustrations with these gold IRA companies.
We’ve curated Goldco’s online complaints, reviews and ratings from verified independent websites. Let’s see how Goldco’s reputation stacks up:
We're happy to report that Goldco has built an overwhelmingly positive online reputation in more than a decade of serving gold IRA customers across the United States.
Based on our research into the firm, we’ve decided to add Goldco to the top of our list of recommended gold dealers for 2023.
We’ve vetted 25+ companies. At the time of this writing, only a select few companies have made our list of reputable gold IRA partners.
If You Have a 401(k) or IRA:
A retirement crisis may be looming. On top of inflation and interest rate hikes...
Can Your Retirement Account Also Stand Up to:
- Declining Economy
- Foreign Wars
- and Spiraling National Debt?
Get Your 32 Page (Free) 2023 Wealth Protection Kit from Goldco Today...
Goldco Products and Services
The company has a wide selection of precious metal coins and bars available for purchase. Goldco is very familiar with navigating the tax code for Gold IRAs. As your gold and silver specialists, Goldco can assist in putting together a portfolio that is compliant with the IRS tax rules.
It's important to note that Gold IRAs cannot hold collectibles, numismatic, rare, or graded coins. Examples of Goldco precious metals that are acceptable for your IRA include:
More information on the IRS and precious metals allowed in your IRA can be found here. If you're interested in bars or coins not listed above, simply reach out to Goldco. The company is able to source any IRA-eligible coin you may be interested in buying.
Note: Goldco regularly offers promotions and incentives for new customers. Check out their website to learn more about their latest promotional offers.
Goldco Review: What Fees Will I Pay?
To avoid any confusion, we've taken Goldco fees information directly from Goldco's website.
The company's preferred IRA Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50, as well as a $30 wire fee.
Annual maintenance for an IRA is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. You can discuss the pros and cons of each storage type with your Goldco account rep.
Know that fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian).
Depending on the custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.
Note: The required minimum purchase at Goldco to start a gold IRA is $25,000.
Goldco Review: What I Don’t Like About the Company
My only complaint is that Goldco has a minimum purchase of $25,000 for IRA accounts. For non-IRA deals, the company will handle purchases as low as $3,500.00.
While I understand that 401(k) or IRA rollovers are usually larger purchases, I know that some competitors will open a Gold IRA for as low as $10,000.
$25,000 minimum may be high for some Americans.
Goldco is a highly rated gold IRA company. It appears they really care to do their customers right, and it is reflected in their high rankings across independent verified review websites.
The company has low fees, reasonable pricing, and a generous buyback program. Goldco is currently one of just a few precious metals dealers that we’ve decided to endorse on this website.
Visit Goldco and request your free gold IRA guide. A specialist will call you to confirm your shipping address and get educational material sent out for delivery in one-two days.
If you're ready to get started now, you can ask to get transferred to their IRA department and ask any questions you might have about the gold buying process.
Take the time to research and ask questions. After taking the time to review the company, we believe you're in good hands with Goldco.