It can often seem that each day is more uncertain than the next. You don't know what is going to happen with the economy or the stock market. Whether you're getting closes to retiring or just like to plan ahead and make sure you're prepared for the future, this can be very unsettling.
If all of your money is invested in the stock market, it could be absolutely devastating for your financial outlook if the market crashed right when you were ready to retire. Investing some of your money in gold, silver, or other precious metals can place you in a much better position; even if the stock market were to crash, you'd still have access to other funds.
Advantage Gold is a well-established and trusted gold investment company. They specialize in helping customers set up or rollover Precious Metals IRAs (also known as Gold IRAs).
If you've been wondering if now is the right time to start diversifying your investments by adding precious metals to your portfolio or you're just curious to learn more about how Gold IRAs work, you've come to the right place. Read through our thorough review of Advantage Gold to find the answers to your questions and decide if you're ready to start investing with this company.
Why You Should Consider Investing in Gold and Other Precious Metals
Gold is a very valuable asset to own. When you invest in gold, you are taking steps towards securing your future financial security.
Financial experts recommend diversifying your portfolio. This means, splitting up your money so that all of your funds are not invested in the same thing. Taking some of your investments out of the stock market and investing in gold instead will help you meet this goal of portfolio diversification.
The reason experts recommend having a diverse investment portfolio is because it is more secure. If one of your investments tanks, you haven't lost all of your money, since you have funds in other places as well.
Gold is in high demand and can be liquidated with ease. When you retire, you should have no trouble selling your gold to receive a cash payout when you need it.
All signs point to gold remaining a highly sought-after commodity. For thousands of years, it has been a desirable investment. It has remained extremely valuable and popular, and there are no signs that indicate that any of this will be changing.
Silver, too, is also a very valuable and profitable investment. Silver is regularly used for jewelry, but new applications are being discovered for it every day, including being used for new technological advances.
Another reason that gold is seen as a good investment is that it retains its value, even as the value of the US dollar continues to slip. Over the years, the US dollar has lost value, making the money in your bank account and investment accounts less powerful than when it was initially invested. Gold, on the other hand is able to retain, or even increase, its value in the face of the declining US dollar.
What is a Gold IRA?
A Precious Metals IRA, commonly referred to as a Gold IRA, is one of the best ways to secure your financial future for your retirement years. When you invest in gold and other precious metals through a Gold IRA, you won't need to worry about paying tax on your investments, as long as you wait until you are at least 59.5 years old to start withdrawing funds from your account.
Gold IRAs are one type of self-directed IRA that allows you to have a say in what you include in your investment portfolio. With many IRAs and 401(k)s, you often don't get to choose the stocks or bonds you invest in.
You can choose to set up a new self-directed Gold IRA through Advantage Gold, or you may be able to rollover or transfer your existing IRA or retirement account into a Gold IRA. We'll go over a bit more about how of these work in the following section.
Select gold, silver, palladium, and platinum coins and bars can be added to your Gold IRA. The IRS has created strict guidelines regarding the purity each type of metal must be in order to be included in a Gold IRA. Advantage Gold can work with you to select IRS-approved precious metals to add to your Gold IRA.
Setting up a Gold IRA
If you're ready to open up a new Gold IRA account or to rollover an existing retirement account, Advantage Gold has a team of precious metals advisors that can help you understand and complete all of the necessary steps. The precious metals advisors are experienced and knowledgeable in rolling over different types of retirement accounts and will be able to provide you with all the necessary guidance you'll need to ensure a smooth transition between plans.
Setting up a new Gold IRA with Advantage Gold is simple. They have streamlined the process and made it very straightforward. Plus, as we shared above, the precious metals advisors are only a phone call away if you need any assistance or guidance with completing the process.
The first thing you'll need to do to open a new Gold IRA is complete the application. Advantage Gold offers both paper and online applications, so you can choose the format you are most comfortable with. To set up your account, you'll need a driver's license or government-issued photo ID.
Once your account is set up, you will need to indicate the method you will be using to fund your new Gold IRA. The funding source could be a direct transfer from an IRA managed by another custodian, a rollover from your existing IRA, a rollover from your 401(k) or a qualified retirement plan from your employer, or an annual contribution amount to your new Gold IRA.
Once your account is set up and authorized, you'll be able to select the gold, silver, platinum, or palladium coins or bars that you'd like to add to your account.
If you would like to set up a Gold IRA, one of the necessary steps will be selecting the coins or bars you would like to include in your account. Many of the gold, silver, platinum, or palladium bars don't meet the high purity standards outlined by the IRS in order to be included in a Gold IRA. Here are the requirements for the different types of precious metals:
When you visit Advantage Gold's website, you will easily be able to find the various coins that are approved for Gold-IRAs that you can add to your account. When you click on "Precious Metals" along the top navigation bar, you'll be taken to the pages that display the different approved coins. The coins are sorted by precious metal type, and you can easily change the coin type you're looking at by clicking on the corresponding heading (Gold Coins, Silver Coins, Platinum Coins, and Palladium Coins) at the top of the page.
Here are the different gold coins that can be added to a Gold IRA:
Below are the different silver options you can add to your Gold IRA:
These are the platinum coins that are approved for addition to a platinum IRA:
Here are the palladium coins you can add to a Gold IRA:
Will My Current Retirement Account Qualify for a Gold IRA?
If you're looking to rollover a current retirement account into your new Gold IRA, you're likely curious if the plan type you have is eligible for a rollover. While not all retirement plans can be rolled over into a Gold Ira, many can. Below is a list of the different plan types that may qualify for a rollover:
Precious Metals Storage
In nearly all cases, the IRS does not allow you to store your gold, silver, or other precious metals for a Gold IRA in your home. Instead, the precious metals must be stored in an IRS-approved facility. Advantage Gold's precious metals are kept secure in the Delaware Depository, one of these IRS-approved facilities.
Knowing your gold, silver, platinum, and palladium are stored in the Delaware Depository should help you feel extremely confident about the safety and security of your precious metals. The Delaware Depository spares no expense in ensuring that the precious metals in their possession are safe and protected.
Below are some of the security measures they have put in place to keep your investments secure.
Knowing all the safety and security measures that are put into the place by the Delaware Depository, you should have no second thoughts about whether your gold, silver, platinum, or palladium will remain safe and secure.
Advantage Gold's Buy Back Policy
Advantage Gold will buy back any of the precious metals you bought from them whenever you are ready to sell them. You'll be paid the fair market value for the coins and bars you are looking to sell.
If you decide to liquidate your account with Advantage Gold or are ready to sell your gold or other precious metals to make withdrawals from retirement, you can request a form from Advantage Gold that will lock in the buy-back price. Once you complete and return the form, Advantage gold can transfer the specific coins or bars you would like to sell out of your vault into a separate vault.
After this transfer is complete, they will wire you the funds from your account. In most cases, the whole buy-back process should take no longer than 24 hours.
If you've reach at least 59.5 years and are ready to begin taking distributions from your account, you can also choose to receive the physical coins, instead of liquidating them.
Free Gold IRA Guide
To help you learn more about how Gold IRAs work, the different precious metals you can add to a Gold IRA, how to rollover a retirement account, and more about the process of setting one up, Advantage Gold has created a free Gold IRA Guide. They generously offer this guide for free download through their website.
To receive the free download, you'll simply need to enter your name, email address, and phone number. Then, just click on whether you are interested in learning more about purchasing precious metals or adding precious metals to an IRA of 401(k).
Free Retirement Resources
In addition to the free Gold IRA guide, Advantage Gold also offers a variety of resources aimed at educating and informing their clients about retirement. These resources include:
Advantage Gold is also now offering their account holders a free copy of the book, "The New Case for Gold" by James Rickards, a New York Times Best-Selling Author. The book is designed to educate readers about making choices to protect themselves from market volatility, protecting funds against inflation risks, and why it is important to have a diversified portfolio.
Why Choose Advantage Gold?
While there are many gold investment companies to choose from, you'll be pleased with your decision to work with Advantage Gold. They are the industry leader in completing Gold IRA rollovers and have an experienced team who is always available to help walk you through the process of converting eligible retirement accounts.
When you read through a few reviews from other customers of Advantage Gold, you will be able to easily see the care, support, and personalized attention each person is given who chooses to work with Advantage Gold. Their teammates are dedicated to delivering top-notch customer service and helping investors feel comfortable, confident, and informed about their decision to invest in precious metals.
Advantage Gold earned the TrustLink award for being the most trusted Gold IRA company for three years in a row. They are an A+ rated and accredited business with the Better Business Bureau and are also accredited by Consumer Affairs. Additionally, Advantage Gold holds memberships with the Industry Council for Tangible Assets (ICTA), the American Numismatic Association, the Business-Consumer Alliance, and a variety of other organizations.
If you would like to diversify your portfolio and protect your financial future, investing in precious metals with a Gold IRA through Advantage Gold is the way to go. Advantage Gold is a well-trusted business who can help you set up your IRA and select the right gold, silver, platinum, or palladium coins you'd like to invest in. They offer a wide selection of IRS-approved coins and will set up storage for your account in the highly-protected and secure Delaware Depository.
When you invest in gold and other precious metals with Advantage Gold, you can feel confident that you are taking steps to protect your financial future and make sure you are prepared for your retirement years. Why put your financial future at risk any longer? Contact Advantage Gold today to set up your new Gold IRA!