- Ratings and Reviews
Look for gold IRA company reviews and ratings from authority trade associations such as the Better Business Bureau (BBB), the Business Consumer Alliance (BCA) and Trustlink. Companies accredited by these organizations have been proven to deliver results and have established their reputation as a trustworthy company. The more positive reviews a company have the better.
- Experienced Professionals
Investing in gold IRA involves a number of complicated decisions and drawbacks. Not all investors are fully knowledgeable about the gold industry. It is essential that you receive honest guidance from the company. You need a gold IRA company that employs experienced professionals that are knowledgeable to help you make informed decisions. Here are the professionals we recommend.
- Customer Service
Your retirement is important to you; it is essential that you are comfortable with the company and the account representative you will be working with. They must be available to answer your call if you have any queries about your investment. Choose a company that has a good track record for customer service.
- IRA Fee Structure
When it comes to physical gold and other precious metals, there are several fees associated with your investment such as administrative fees and storage fees. These fees will vary, depending on the gold IRA company like Regal Assets you choose. Does the company offer scaled fees or flat fees? Scaled fees are a percentage of your fund, normally at 0.1%. This may not seem material if you have a small account but this could amount to thousands of dollars if you have a large account or you are planning to grow your account size over time.
Choose a company with flat annual fees for administration of your account and storage of your gold. Veer away from companies that offer flat fees just to lure you in, only to slip in additional fees later on. Some companies consider waiving their set-up fees and other fees during the first year.
- Delivery Timescales
From account set up to delivery and storage of your metals, you want transactions to be done as efficient as possible. Choose a company that provides you with a timescale and offers guarantees backed up by compensation schemes for late deliveries. Two to four weeks is reasonable but waiting up to eight weeks for account set up and delivery is unacceptable.
A good IRA company should be able to provide you with other investment options. You need to work with a company that has been in the business for a long period and willingness to help you grow your investment. They must be able to answer your queries and must be available for consultation. Choose a company that will cater to their client’s individual needs and offers personalized service.