Finding the Right Custodian for Your Gold IRA Account

When investing in rollover IRA to gold, it is essential that you do so through a reputable company. Banks and traditional investment firms do not offer gold backed IRA investments. Thus, you need to work with an industry specialist. Ideally, you need an investment company that can store the physical gold bars for its clients. 


Here are some of the questions that you need to ask when selecting a custodian for your gold IRA investment:

•    Is the custodian certified by IRS?

IRS is the United States’ revenue agency responsible for collecting taxes and enforcing US tax laws. You truly want to be in the IRS’s good graces, and this is why you need to hire an IRS approved custodian. Also, the IRS certification is an indicator that the custodian is likely qualified to handle clients’ investments. Secure your investment by hiring an IRS certified custodian.

•    What is the custodian’s experience in gold investments?

Your retirement portfolio is serious business. Therefore, it is important that you hire an experienced custodian to watch over your financial future. Be sure to hire a custodian who is experienced in opening precious metal IRA accounts. Generally, it is recommended that you hire a custodian with at least two years of experience. Check out trustworthy review sites such as Rare Metal Blog what they have to say about the company like in this JM Bullion review as an example.

•    Is the custodian well established and reputable?

If the custodian has been in operation for years and has provided excellent rollover to IRA gold services, then you will not have trouble finding tons of positive reviews and comments about the company online. To determine the legitimacy of the custodian, be sure to check with the Best Business Bureau (BBB). Do not forget to read customer reviews.

•    Will your IRA be backed by real physical gold?

One of the greatest concerns every investor has when hiring an IRA account custodian is that the custodian will make you jump through several hoops before encountering your gold. It is prudent that you get a custodian who will make it easy for you to get hold of your gold whenever you need it. Consider hiring a custodian who offers EFT or paper gold services. You need to access your investment at any time, and if the IRA custodian is not going to allow you to do this, then continue with your search.

•    Will the custodian be available to communicate with you?

It is important that you know how your investment is fairing. You are better off hiring a custodian who will maintain strong communication with you either through phone or email. Ideally, you should develop a strong relationship with your account manager so you can feel comfortable calling him/her from time to time to provide you with account updates.

Conclusion:

A gold IRA rollover is one of the smartest decisions you can make to protect your nest egg from stock market fluctuations, political and national unrest, and most importantly inflation. There are obviously some important things to consider before beginning a rollover as we have already discussed. However the benefits outweigh the costs.

Comments

Post a Comment

Popular posts from this blog

Buying Gold Bullion Vs. Coins: Which Is the Better Investment?

Image
The traditional approach to investing calls for people to fill their portfolios with blue chip stocks and bonds that will steadily grow in value over the years. This philosophy is perfectly acceptable when the economy is booming, and markets are stable or expanding. Under those conditions, your portfolio will likely yield a 5-8 percent annual return, leaving you with a nice nest egg for retirement. But what happens during times of economic turmoil? When the bottom drops out of the market, an entire portfolio can be wiped out in a matter of months-which is why the shrewdest investors diversify by acquiring gold . Precious metals have proven that they can maintain their value regardless of the ebbs and flows of the financial markets, making the metals market a very desirable alternative to stocks, bonds, mutual funds, and even IRAs. When it comes to acquiring gold, investors must decide which form they would like to purchase. The two major options are bullion (metal formed into
Read more

Beauty and Wisdom Behind Gold Investing

Image
Gold investing is a very lucrative and promising form of investment. Mankind has always been in love with gold. It is certainly not going to wither away in the future. The reason for the popularity of gold is that the metal is always held precious by people, no matter what the circumstances are. Gold Investing – Why Is Gold So Precious? It has many uses and it is a rare metal. That is why it is counted as one of the most prized resources in the world. The shine and color of gold add to its beauty. The rarity of gold along with its rich shine and appearance, have made it a symbol of wealth among people for centuries. Gold is not only used for decorations and in jewelry, it is also used as medicine in few cases. Gold is quite inert, and it does not corrode or lose value. This means one generation can pass on their family gold to the next one and so on without any loss of value. This cannot be done with other metals like iron etc. Another beauty of gold is the ease of testi
Read more