Investors see the writing on the wall and it doesn’t look good. Now more than ever, you have to focus on building your retirement so you can live comfortably in the future.
Are you prepared? The earlier you start building your gold IRA account, the better off you’ll be in the future.
How do I know?
Simply put, gold has consistently gained value over the years. It’s the one commodity that never goes out of style.
Sure, the gold price will fluctuate at any given point. But over the course of decades, the overall trend is positive. This bodes well for future retirees looking to bow out of the workplace earlier than normal.
Getting started on your gold IRA investing journey is all about preparation. I’m here to help you prepare the right way. So, when it’s time for you to stop working and start living, you’ll have all your ducks in a row.
And your gold IRA investment will have grown consistently and created you a very healthy nest egg.
What to Look for in the Top Gold IRA Companies
You’ve decided to invest in gold. Now what?
Do you go to your local jewelry store and start purchasing gold rings and gold chains? Absolutely not!
For retirement purposes, you have to contact a gold company and open a precious metals IRA. This is the only way to invest in gold for your retirement while taking advantage of the tremendous tax benefits.
Some of the most important things to look for when choosing a gold company include:
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Peer-Reviewed Ratings – I love looking at peer-reviewed ratings when determining if I should do business with a gold company or not. Why? Looking at these ratings helps you see if a particular company is having success with their customers or not. You’ll learn about customer complaints, how the company handled them, and detailed reviews of the organization.
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Buyback Programs – nobody likes to believe that they’ll run into money problem someday before retirement but it happens. You may need to sell your gold and silver investments quickly. You need to sell them to a company that you can trust. Selling them back to your gold broker through a buyback program is the fastest and safest way to liquidate your position. The top gold companies offer buyback programs and repurchase gold at current market values.
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Storage Capabilities – there are two types of storage for precious metals: co-mingled and segregated. The top companies offer segregated storage for their valued customers like you. This means you’ll have a dedicated vault strictly used to store your precious metals and no one else’s. Segregated storage is a little more expensive. But having the ability to keep your gold safe in a dedicated vault will help you sleep better at night.
Other Things to Look for in Gold IRA Companies
Besides the important factors mentioned above, you should also consider the following when choosing a gold broker:
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IRA Fee Structure – certain gold companies charge top dollar to initiate a gold IRA rollover or transfer. And their yearly stockpiling and administration fees can really add up and harm your investment. The best companies charge flat rate administration fees and low-cost segregated stockpiling fees. And they even waive 1-3 years’ worth of expenses for valued customers that meet certain criteria.
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Customer Service – you absolutely need to do business with a gold company that has an impeccable customer service staff. This is especially true if you’re new to this type of investing. You’re going to have questions that need to be answered. You’re going to have concerns that must get addressed. A company with solid customer service will be equipped to answer your questions and concerns with the greatest of ease. And working with a friendly customer service staff makes the entire experience a lot more enjoyable.
What to Avoid When Choosing a Gold IRA Broker
I’ve shared some things to look for in the best gold companies, so let’s switch gears for a moment. Now, it’s time to discover some of the things to look for that will make your hackles rise. These glaring problems will flash red alert lights in your mind telling you to avoid this company at all costs.
The most important things to avoid include:
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Poor Delivery Times – after you open up your precious metals IRA account, and you begin purchasing gold, you want your account to update quickly. The best way for this to happen is to have the broker ship your investments to your precious metals depository. The top gold brokers ship customer investments quickly. In fact, it only takes them about seven days or less to get the job done. Some companies are known to dilly dally and take 60-90 days to make this delivery, which is unacceptable in my opinion.
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Overly Aggressive Salesmanship – the worst companies are guilty of annoying their customers to no end with sales pitch after sales pitch. These companies do not care about your well-being or your retirement future. They care about making commissions and nothing more. The best companies will let you dictate the terms of the relationship. And they’ll do it without forcing expensive investments on you that may or may not qualify for a gold IRA.
The Biggest Advantages of Opening a Gold IRA Account
Opening a gold IRA has its benefits. Some of the biggest advantages include:
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Gold investments eliminate your reliance on Fiat currencies.
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Gold is a hedge against inflation and a down stock market.
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The value of gold is near all-time highs and investors continue flocking to it in droves.
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Major countries like China and Russia invest heavily in gold and buy tons of it each year.
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Investing in gold is the perfect way to protect your retirement from geopolitical uncertainty.
Bottom Line
Preparing for early retirement doesn’t need to be difficult. You have to focus on funding and purchasing valuable gold IRA investments. At least that’s one part of the equation. You can handle all the other parts to make your early retirement a smashing success.
Ultimately, when you decide to retire early you need to plan well in advance. Investing in a gold IRA is a great way to build your wealth and protect your nest egg all at the same time. Consider opening a precious metals IRA sooner rather than later.
