The Best Gold IRA Rollover Available Today
Alex Long- Investors interested in gold IRA rollovers should consider purchasing physical gold as opposed to paper gold.
- Gold IRAs are funded with physical gold stored in a secure depository.
- Investors typically like these types of accounts because they offer protection from market risk, and they also provide tax benefits.
Gold IRA rollovers are a hotly debated topic in the retirement and investing communities. Some experts argue that gold prices are too volatile and are subject to heavy manipulation by governments, while others say that gold is a reliable hedge against inflation, the U.S. dollar, and other major currencies.
However, many investors prefer physical gold to paper gold for a variety of reasons.
Types of Gold IRA Accounts
There are several different types of gold IRA rollovers, so it's important to understand their differences before opening an account.
Self-directed IRAs: These IRAs are built from gold you own, not gold that is bought and stored in a depository. They can be held in precious metals such as gold, silver, platinum, and palladium.
Exchange-traded funds (ETFs): These are traded similar to stocks or mutual funds. They are often bought and sold throughout the day and have daily trading volume. Some investors feel ETFs are less tax-advantaged than physical gold.
Gold bullion: This is actual gold stored in a depository, not stocks, bonds, or stocks held in an IRA.
Precious metals: These are gold and silver coins.
Gold mutual funds: These are funds that are invested in specific types of gold.
Gold Coin IRA
Founded: 2005
Headquarters: (New) Atlanta, Georgia, U.S.
The Gold Coin IRA offers investors a way to invest in physical gold within a tax-advantaged retirement account. The company buys gold bullion directly from authorized sellers, including refiners and mints, and then stores the gold in a secure facility. The gold is then delivered to investors in segregated, 24-karat gold bullion bars and coins.
Gold Bullion IRA
These are the most common type of Gold IRA. With this type of Gold IRA, the custodian holds physical gold bars. As the individual chooses, he or she can purchase gold bars that weigh 1 ounce, 5 ounces, or 10 ounces.
Gold ETF IRA
One of the best options for a gold IRA rollover is to buy shares of a gold exchange-traded fund (ETF). These funds trade like stocks, but they are structured as trusts, and they pool money from many investors to invest in gold.
The most popular gold ETF is SPDR Gold Trust (GLD), which tracks the price of gold bullion. It is the most popular gold investment in the world, with approximately $41 billion in assets.
Gold 401(k)
One of the most popular ways to own gold is through a 401(k) or 403(b) plan.
The gold in a 401(k) or 403(b) plan must be located in a depository account, which is different from the account that holds the securities and cash. The custodian of the gold account is required by law to provide annual audits on the gold held under your plan.
Gold IRA
A gold IRA is very similar to a traditional IRA, except that it invests in physical gold instead of stocks, bonds, or other financial instruments.
Gold IRAs must adhere to the same rules as traditional IRAs regarding contribution limits, earnings, and distributions.
How to Buy Gold
If buying physical gold, gold bullion coins, or bullion bars, you can find a reputable dealer in your area by searching on Google.
Gold Trust
A Gold IRA Trust is a fund that provides a secure and tax efficient way to store and invest your physical gold. The gold bullion is held securely for you, and you only own legal title to the gold.
Gold IRA: Should You Open One To Save For Retirement?
The Bottom Line
OptionsHouse offers its clients one of the best IRA rollovers and gold IRA options available today. It is one of the few platforms that provides clients the ability to purchase physical gold through an IRA. With options ranging from IRA custodian services to gold-backed IRAs, OptionsHouse provides its clients with a wide range of options when it comes to gold IRAs.
