When you set up a gold IRA, you have several gold IRA companies to choose from as a custodian. That’s because, in addition to the gold investment itself, there are many services you can use to manage your gold. Some companies specialize in helping investors with their gold IRAs, and others offer general financial management services. Which company you choose will depend on your needs and how much time and effort you want to invest in managing your account. Many companies offer gold IRA services, each with different benefits and drawbacks.
BlackRock
BlackRock is one of the largest investment and financial services companies in the world. It’s listed on the New York Stock Exchange and has almost $10 trillion in assets under management. That scale gives it significant buying power in the gold market. BlackRock also offers a range of gold-based investments, including exchange-traded funds (ETFs), gold certificates, and gold bullion coins.
It offers gold IRAs through its iShares division. Its gold-based IRA allows you to choose between physical gold and gold futures. You can also choose between a Self-Directed account, which requires more work on your part, and a Managed account, which requires less work from you. With the Self-Directed account, you’re responsible for deciding how to invest your money and keeping track of it. With the Managed account, BlackRock makes the investment decisions for you.
Some of BlackRock’s other gold IRA services and benefits include:
- Full brokerage services – You can trade any stocks, bonds, ETFs, and stocks you hold in your gold IRA account.
- Full custodial services– BlackRock handles everything from storing your gold to keeping records of it.
- No minimum investment– You can open a gold IRA with as little as $100.
- Easy set-up– BlackRock offers a simple account set-up that takes just minutes.
- Full range of gold investment options– You can buy gold bullion, gold bars, or gold coins.
Coin IRA
Coin IRA specializes in gold IRAs, and its sole business is buying, storing, and selling gold. That focus allows it to offer higher quality gold at lower costs than most other gold IRA companies. It also provides a range of gold-based investments, including ETFs, gold stocks, and gold coins. Coin IRA offers a self-directed account for those who want to handle their investments. Coin IRA’s services include stocks, bonds, and gold, full brokerage services and investment management, and easy account set-up.
Merrick
Merrick is a full-service financial management company and a gold IRA custodian. Merrick’s services include investment management, financial planning, tax planning, and insurance. Its Gold IRA offerings include gold coins and bars, as well as other types of gold-based investments. Merrick’s full-service approach allows you to manage all of your finances in one place. It also allows you to choose from a wide range of gold-based investments, including gold stocks and ETFs.
USAA
USAA is a financial services company for military members and their families. They offer a traditional gold IRA and a self-directed gold IRA. The latter puts you in charge of buying and selling gold while they handle the investments. It offers a gold-based IRA through its discount brokerage arm, which manages investments for its customers.
USAA’s IRA allows you to buy a range of gold-based investments, including gold coins, gold bars, and gold ETFs. You can also buy silver and platinum-based investments through USAA. USAA’s Gold-Silver-Platinum IRAs let you diversify your investments. It also offers competitive pricing, and its customer service is helpful.
Ameritas
Ameritas is a financial services company, as well as a gold IRA custodian. Its Gold IRA service allows you to buy gold, gold coins, and other types of gold-based investments. Ameritas also offers other types of IRAs, including a Roth IRA. Ameritas’s Gold IRA service allows you to buy a range of gold-based investments. It also provides other types of IRAs, so you can diversify your retirement savings.
Conclusion
When you’re looking for a gold IRA company, make sure it’s reputable and can meet your needs. Take time to research different companies and compare their services. If you’re unsure which company to choose, you can also consider working with an independent financial advisor. An advisor can help you choose the best company for your needs, and they can help you manage your account.