Goldco Reviews 2023: Fees, Storage, Complaints & Lawsuit

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If you're seeking a reliable and trustworthy gold IRA company, you might have come across Goldco. This Los Angeles-based company has over a decade of experience in the precious metals industry and is highly rated across the internet. Notably, it is the only precious metals company recommended by Sean Hannity.

Goldco has earned its reputation with an A+ rating from the Better Business Bureau, 5-star rating on Trustlink, 4.9 stars on Google, and 4.8 stars on Trustpilot. With such outstanding ratings and positive reviews, Goldco is undoubtedly a top-rated gold IRA company.

However, before making your decision, it's essential to explore whether Goldco is the best fit for your precious metals IRA needs or if there are better alternatives available. In this Goldco review, we'll provide you with comprehensive insights, covering topics like account opening, available products, customer reviews, pros, cons, and alternative options.

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What Is Goldco?

Goldco is a well-established and reputable precious metal investment company that aims to assist Americans in building their retirement savings through investing in gold and silver coins and bars. They offer various solutions for purchasing gold or silver, including options for investing in precious metals with a self-directed IRA.

When it comes to buying precious metals, Goldco provides different options. You can either purchase premium coins or bars outright or open a Goldco IRA account. If you choose the IRA option, you can fund your account by rolling over assets from existing retirement accounts, such as 401(k), 403(b), TSP, savings, or IRA accounts, without incurring tax consequences. Once your Goldco IRA is funded, you have the freedom to choose which precious metals you want to include in your portfolio.

Goldco's dedication to providing exceptional customer service and valuable education on precious metals sets them apart in the industry. They have received high praise from satisfied customers, and their A+ rating from the Better Business Bureau further confirms their commitment to customer satisfaction. By choosing Goldco, you gain access to expert guidance and a wide range of products and services that align with your financial goals.

Biggest Advantages of Goldco

Goldco offers several advantages over other gold companies to help customers protect their retirement savings and plan for a secure financial future. Some of the key advantages of choosing Goldco include:

1. Free Gold IRA Investor Kit: Goldco provides a free gold IRA investor kit to potential customers, allowing them to access valuable information about precious metals investments and the benefits of opening a gold IRA account.

2. $10,000 or More in Free Silver on Qualified Accounts: Qualified accounts with Goldco can receive $10,000 or more in free silver, which can further enhance the potential for diversification and growth in the investment portfolio.

3. Excellent Reputation: Goldco has earned a solid reputation in the precious metals industry, receiving thousands of positive reviews from satisfied customers. The company is highly regarded and has achieved an A+ rating from the Better Business Bureau, signifying their commitment to providing top-notch customer service and maintaining high standards of business ethics.

4. Highest Buy-Back Guarantee: Goldco offers a buy-back program that allows investors to sell their gold and silver products back to the company at their initial price, providing extra peace of mind and flexibility for investors.

5. Dedicated Account Representative: Goldco provides customers with a dedicated account representative who guides them through the investment process and tailors investment strategies to meet their specific financial goals.

6. Endorsements by Prominent Figures: Goldco's credibility is further reinforced by endorsements from influential figures such as Sean Hannity and Chuck Norris, lending trust and confidence to their offerings.

Request a FREE Gold IRA Kit and Receive Up To $10,000 in Free Silver >

Or, Get The 2023 GOLD IRA Investment Guide

With positive reviews, competitive pricing, and a range of gold and silver investment options, Goldco stands out as a reputable and trustworthy precious metals dealer and retirement account provider. Their focus on customer satisfaction, expert guidance, and solid reputation make them an attractive choice for individuals seeking to diversify their retirement assets with precious metals investments.

Goldco Reviews and Ratings

Goldco has received positive reviews and high ratings from various sources, making it a reputable and trustworthy precious metals IRA company. Here are some key points about Goldco's reviews and ratings:

1. Goldco has earned a 5-star rating on Trustlink, 4.9 stars on Google, and 4.8 stars on Trustpilot.

2. The company holds an A+ rating from the Better Business Bureau, which reflects their commitment to customer satisfaction and ethical business practices.

3. Goldco has been operating in the precious metals industry for over a decade, further establishing its credibility and experience.

4. While there are a few negative reviews, they often describe issues related to the customer's lack of knowledge about the products they ordered, indicating that proper research and understanding of the risks associated with precious metals investments are essential.

5. Customers who are informed about the risks and invest at the right time with Goldco are generally happy with their selections and have expressed satisfaction with the company's offerings. Many of them would use Goldco again and recommend it to others.

Goldco Reviews Overview:

Goldco Costs & Fees

Goldco's required minimum purchase to open a gold IRA account is $25,000. Goldco's preferred Custodian has a flat-rate annual account fee that includes a $50 one-time IRA set-up fee, along with a $30 wire charge. Storage costs $100 per year, with a $100 annual maintenance fee.

The fees for gold storage or custodianship vary depending on which company you choose to manage these services. This is required by the IRS as all IRAs must be managed and stored by a custodian. Storage fees vary depending on the Custodian. They can be anywhere from $10 to $ 60 per month or 0.35% to 1 percent of assets. Goldco does charge storage fees on cash transactions above $25,000

Goldco Pros:

• Specialists in Gold and Silver IRAs: Goldco is known for its expertise in providing gold and silver Individual Retirement Accounts (IRAs), allowing investors to protect their retirement savings with tangible and valuable assets.
• Positive Customer Reviews: Goldco has received thousands of 5-star reviews, indicating a high level of customer satisfaction and trust among its clients.
• Free Shipping and Silver Offer: Qualified accounts may receive free shipping on precious metals purchases, and Goldco offers an additional gift of silver as a percentage of the initial investment, providing added value to investors.
• Good Selection of Gold and Silver Coins: Goldco offers a diverse range of gold and silver coins, providing investors with options to suit their preferences and investment goals.
• Highest Buy-Back Guarantee: Goldco offers one of the highest buy-back guarantees in the precious metals industry, providing peace of mind to investors looking to sell their precious metals.

Goldco Cons:

• Minimum Investment Requirement: Goldco requires a minimum investment of $25,000 for opening a gold IRA, which might be a barrier for some investors with smaller initial funds.
• Limited Metal Options: Goldco primarily focuses on gold and silver, and while they may occasionally offer platinum or palladium, these options are not regularly available as part of their product offerings.

Request a FREE Gold IRA Kit and Receive Up To $10,000 in Free Silver >

Or, Get The 2023 GOLD IRA Investment Guide

How to open a Goldco Precious Metals IRA:

1. Understand Precious Metals IRAs: A Precious Metals IRA is a type of self-directed IRA that allows investors to direct their retirement funds into physical precious metals like gold, silver, platinum, or palladium.

2. Evaluate the Benefits: Consider the advantages of diversifying your portfolio with precious metals, such as stability and protection against economic uncertainties and inflation.

3. Review Contribution and Income Limits: Familiarize yourself with the IRS contribution and income limits for retirement accounts, as they can change from year to year.

4. Contact Goldco: Reach out to Goldco and express your interest in opening a Precious Metals IRA. Goldco offers a range of services tailored to individual financial goals.

5. Consult with a Representative: A Goldco representative will guide you through the process of opening a Precious Metals IRA, providing all the necessary information about their terms of doing business.

6. Fund Your IRA: You can fund your Precious Metals IRA by rolling over assets from existing retirement accounts, such as 401(k), 403(b), TSP, savings, or other IRA accounts.

7. Choose Your Precious Metals: Once your Precious Metals IRA is funded, you can select the specific precious metals you want to include in your account, such as gold or silver coins or bars.

8. Sign the Agreement: Sign the necessary agreements to secure your purchase and confirm your understanding of Goldco's terms of doing business.

Opening a Precious Metals IRA with Goldco can help diversify your investment portfolio and protect your retirement savings with tangible assets like gold and silver. It's essential to consult with a Goldco representative and consider your individual financial goals before making any investment decisions.

Goldco's Contact Details

Website: https://goldco.com/

Email: info@goldco.com

Telephone: 855-629-1007

Company Address: 24025 Park Sorrento Suite 210, Calabasas, CA 91302, USA

Goldco 2023 Gold Investment Kit: Download here

Frequently Asked Questions About Goldco

Overall, Goldco has received positive feedback and high ratings from customers, making it a reliable and recommended choice for individuals looking to invest in precious metals through a reputable IRA company.

Can I sell my gold once it is in my gold IRA account?

Yes, Goldco offers one of the highest buy-back guarantees in the precious metals industry for selling gold or silver from your precious metals IRA. This allows you to get an immediate offer at better-than-market prices instead of finding your own buyer and negotiating prices based on the current precious metals market.

Can I store my precious metals at home?

If you open and fund a silver or gold IRA, the IRS restricts you from storing precious metals belonging to your IRA at home or in a safe-deposit box. You must keep your precious metals in an insured depository until you can withdraw or sell your gold or silver. However, if youre purchasing metals without an IRA, you can store them in a safe or safe deposit box, ensuring they are kept in a dry and protected place.

Is Goldco a legitimate company?

Yes, Goldco is a legitimate company with an A+ rating from the Better Business Bureau and a Triple A rating from the Business Consumer Alliance. It has been on Inc. 5000's list of the Fastest Growing Private Companies for the last six years and has received awards such as "Company of the Year" in 2021 and 2022 from the American Business Awards.

Is there any IRS penalty for moving assets from a 401(k) to a gold IRA?

In some cases, there is no IRS penalty for IRA rollovers from a 401(k). To avoid IRS penalties, you can initiate a direct gold IRA rollover with your 401(k) company. However, an indirect rollover may result in a taxable withdrawal if you take longer than 60 days to complete the transfer, and you may be subject to a 10% early withdrawal penalty if you are younger than 59 and a half years old.

Can I take physical possession of my precious metals?

If your precious metals belong to your precious metals IRA, you can't withdraw them until you reach withdrawal age at 59 and a half years old to avoid IRS penalties. When you can receive distributions, you may take payments in the form of your precious metals or cash.

What custodians does Goldco work with?

Goldco works with all major custodians of self-directed IRA accounts and offers custodial services. Alternatively, you can choose a third-party custodian to manage your precious metals investment account.

How long does it take to set up a new gold IRA with Goldco?

Setting up a gold IRA with Goldco typically takes as long as a phone call with a Goldco specialist. However, funding and completing a gold IRA rollover from a traditional IRA, 401(k), or other retirement account may take several weeks. The quality customer service team at Goldco can assist you in gathering necessary documentation and completing appropriate forms for the rollover.

Request a FREE Gold IRA Kit and Receive Up To $10,000 in Free Silver >

Or, Get The 2023 GOLD IRA Investment Guide

Contact Details

Goldco Reviews

Lisa Abble

+1 228-818-1321

info@goldforprotection.com

Company Website

https://www.jpost.com/advisor/money/article-743450

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