Understand the Goldco Fees for Your IRA
Henry Clibborn- Goldco Precious Metals and Coins provides physical gold and silver bullion products that are eligible for holding in an IRA account.
- Its offerings include gold bars, silver bars, gold coins, and silver coins.
- The company's products are available as IRA collectibles, which are held in a depository on behalf of the IRA owner.
- Goldco Precious Metals and Coins offers free storage for all IRA-eligible products.
Goldco Precious Metals and Coins offers IRA-eligible gold, silver, platinum, and palladium bullion products.
Goldco Precious Metals and Coins, a division of Goldco, Inc., is based in Fort Lauderdale, Florida, and was founded in 2001. The company specializes in IRA-eligible precious metals, coins, and collectibles. It also offers a wide selection of collectible coins, banknotes, and precious metal jewelry.
Goldco IRA Fees
A one-time setup fee: $50.
A monthly administrative fee of $5.
A storage fee of 0.50% per year for gold and silver and 0.25% per year for platinum.
A direct-to-your-bank fee of $40.
A 10% markup on the price of gold and silver for orders over $20,000.
A 15% markup on the price of gold and silver for orders over $25,000.
A 20% markup on the price of gold and silver for orders over $30,000.
A 25% markup on the price of gold and silver for orders over $35,000.
A 30% markup on the price of gold and silver for orders over $40,000.
IRA Fees
Goldco does not charge any fees for buying gold bullion or gold coins with an IRA.
Annual Administration Fees
Goldco is a registered investment adviser, and the annual administration fee for an IRA account is comparable to other investment advisers or brokerage firms.
Goldco clients benefit from personalized, attentive service. Goldco also offers online account access, which many other investment firms charge additional fees for.
IRA Funding Fees
Goldco charges $49.95 for an IRA funding transaction. The fee covers the cost of opening an account, as well as the cost of transferring funds.
Withdrawal Fees
Withdrawals made from an IRA will incur a $49.95 fee. This fee covers the cost of opening and maintaining the IRA account.
Rollover Fees
Goldco charges a rollover fee of $49.95.
Annual IRA Account Fees
Purchase, sale, redemption, and transfer of fractional shares ($5.95)
Foreign or U.S. Government Securities ($5.95)
Gold Depositary Receipts ($5.95)
Gold Bullion ($5.95)
Annual IRA Account Fees with Goldco Gold IRA
Annual Gold IRA Account Fees
Annual Account Fees with Goldco Gold IRA
Total Annual Fee for Goldco Gold IRA
Goldco IRA Account Fees
One reason why Goldco has such low account fees is because they do not require a minimum balance. Their "IRA Kit" costs $100, which covers the fiduciary services, tax preparation, and the IRA account opening.
You are also given the option of purchasing an IRA kit online, which costs $90. The kit allows you to open an account online and applies to the following types of accounts:
Traditional
Roth
Rollover IRA
SEP IRA
