Investing in precious metals is one of the best alternatives to start organizing your finances for your retirement. However, choosing the best company is a challenging task.
If you’re opening a precious metals IRA, you must trust top-tier professionals who can help you through the process, suggest effective strategies, and guide you if there are any issues.
Unfortunately, not all companies offer this kind of help. In this Advantage Gold review, you’ll learn why its professionals are some of the best precious metals IRA providers you’ll find.
Advantage Gold is a financial organization. Its primary goal is to help clients start investing in gold IRAs.
With Advantage Gold, you’ll get resources and information, which allow you to understand what precious metals can do for your retirement account.
Advantage Gold also suggests the precious metals you should invest in depending on your specific case. Plus, it can also help you if you want to roll over your account.
At Advantage Gold, you’ll find professionals who specialize in helping you open a gold IRA account, so its professionals will walk you through the process, explain the benefits and drawbacks of investing in precious metals, and more.
Overall, Advantage Gold is one of the best financial companies out there to trust if you’re opening a precious metals account. Take a look at the benefits and drawbacks that it offers you:
- In Advantage Gold’s online education center, you’ll find easy-to-read charts, videos, and infographics to learn more about the investment process.
- One-on-one assistance is available with Advantage Gold, which is a fantastic alternative if you don’t know where to start.
- A welcome bonus is available, and the fees for the first year will be waived if you bring $50,000 or more to a rollover transaction.
- It doesn’t have many options for coin collectors since you can only invest in specific precious metals if you’re opening an IRA (gold, silver, platinum, and palladium).
- The fineness of the metal must meet specific requirements when it comes to precious metals IRAs.
- Agents have less experience than others you may find out there since the company has only existed for eight years.
What Fees Does Advantage Gold Charge?
There are many fees involved when it comes to opening precious metals IRAs. Unfortunately, the fees are not displayed on the Advantage Gold website.
Therefore, you’ll have to contact the company if you want more information. Even so, there is a range of costs for each type of service, for instance:
- Activating your account: between $50 and $150.
- Terminating your account: between $50 and $75.
- Research: between $25 and $75 an hour.
- Annual fee, during the first year: between $250 and $350.
- Maintenance year for the second year and beyond: between $150 and $250.
Costs can vary a lot depending on who holds your precious metals and the total value of your assets. Also, there could be additional storage fees.
What Advantage Gold Offers
Investors should open retirement accounts as soon as possible. However, you can’t trust any company that comes your way.
Investing in physical precious metals requires time and effort, and you must also work with the best professionals possible.
Advantage Gold reviews show that clients are very happy with the guidance they get. Professionals in this company are expert precious metals providers who know what you should do to get the best results possible.
Whether you’re investing in gold, silver, or other precious metals, the company you work with must offer the features you need. Here’s what you’ll get with Advantage Gold:
Gold Roth IRAs
A gold Roth IRA is a type of retirement account that you can use to invest in precious metals.
When you open these types of retirement accounts, you make contributions after paying taxes.
Once you meet certain conditions, you can make withdrawals on a tax-free basis.
People interested in precious metal IRAs often choose this option if they think they’ll be in a higher tax bracket before retirement since they can save some money on payments.
The most popular Advantage Gold IRA account is the traditional one. They’re very similar to the previous option, but in this case, you must make contributions before paying taxes.
Once the funds are not in the account, you’ll have to pay taxes for the withdrawals. However, in many cases, you’ll get deductions.
Opening a traditional account may be convenient if you want to defer tax payments until you retire. To know more, check out Advantage Gold’s site and find the free gold IRA guide.
Advantage Gold is also a convenient alternative for people who want to change existing retirement accounts. Rolling them over would allow you to focus on precious metals investments and add that to your portfolio.
Precious metals IRA accounts are convenient even if you have a 401(k). Since Advantage Gold offers an alternative, you can contact its team and work with them to build a steady financial cushion for your retirement.
Any account that you open with the company will be completely under your control. Therefore, all decisions are up to you.
The best part of choosing everything about your gold IRAs is that you can decide what you invest in. Gold, silver, platinum, and palladium are fantastic alternatives, but you can find others if you want to.
Related Reading: Home Storage Gold IRAS
Types of Options Available for a Precious Metals IRA
If you’re investing in gold, silver, and other precious metals, you must know your options. Here is what Advantage Gold gives you:
Gold Purchases and Buybacks
Advantage Gold helps clients open gold IRAs and offers numerous alternatives when it comes to this. However, you can also buy precious metals from the company.
At the same time, you can sell your metals back to Advantage Gold if you want, and the company will buy them at a fair market price.
Advantage Gold also gives clients liquidation alternatives if they wish to empty their gold IRAs.
Even though Advantage Gold doesn’t offer custodial services, it works closely with two trustworthy companies that you can consider.
Who Is Advantage Gold Good for?
Although Advantage Gold objectively offers some fantastic alternatives to open a gold IRA, no company caters to every single person in the country.
Understanding if Advantage Gold is for you is crucial before hiring its experts. As the review mentioned before, people who collect palladium coins, for example, should think things through since they may not get so many options with this company.
Even so, Advantage Gold offers options for you to build your portfolio and incorporate various precious metals investments. The following prospects are the ones who may want to consider working with the company:
Beginner and Experienced Investors
Both beginner and advanced investors can work with Advantage Gold and open an IRA.
The company is ideal for people interested in investing in gold, silver, palladium, and other metals.
Advantage Gold can help beginners open a gold IRA, and for advanced investors, it offers different options to build their portfolios.
People Who Want Account Rollovers
The company can help people turn their accounts into a gold IRA. In some cases, you may change your mind about your plan.
At first, you may have opened a specific type of account for your retirement. It happens to many people that later on, they learn that investing in metals allows them to protect their assets against inflation.
Advantage Gold can help you because its professionals will guide you to roll over the funds from one account to another one.
Frequently Asked Questions
Can You Invest in Gold if You Have a 401(k)?
No, typically, you can’t buy gold with a 401(k). You’ll need a gold IRA.
What Is a “Precious Metal” or Gold IRA?
It’s a type of retirement account that allows you to invest in specific metals to protect your finances against inflation and plan your future.
How Much Does It Cost to Open a Gold IRA?
On average, costs can go from $50 to $150. However, you may also have to pay extra fees depending on your case.
Can You Buy Gold if You Have a Roth IRA?
You can if you have a Roth gold IRA.
What Types of Precious Metals Can You Buy with an IRA?
Typically, investors will buy gold and silver. Nonetheless, you could purchase platinum, palladium, and other metals – it depends on the specific limitations of your account, which, in turn, goes back to the company you opened it in.
If you’ve made it this far in the Advantage Gold review, you probably want to know a verdict – is the company trustworthy or not?
The truth is that numerous clients have said that Advantage Gold is a fantastic company to trust. Its professionals are kind, friendly, and helpful, and they always suggest the best options.
People’s comments highlight the company’s top-tier customer service, the experts’ patience with beginner investors, professionalism, and fast response times.
No company fits every single person’s needs, but Advantage Gold is a fantastic option if you want to open a gold IRA and start planning for your retirement.