Silver IRA Rollover Companies: Reviews, Comparison, Fees

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Because of the prevailing economic uncertainty, you might be worried about keeping your wealth safe. With widespread scams, finding an investment that suits your needs may be challenging.

Many people were like that before they discovered any precious metals IRA. They are a form of self-directed individual investment accounts that allow us to invest in precious metals. People have bought precious metals like gold and silver for centuries, so there is no need to hesitate while opening a silver IRA.

If you’re ready to invest, you must transfer your funds from your traditional IRA. To make your journey easier, here’s a guide to assist you with your Silver IRA Rollover.

Top 4 Silver IRA Companies of 2023 At A Glance

1. Goldco: Editor’s Choice – Best and Most Trusted Gold IRA Company Overall (4.9/5)

2. American Hartford Gold: Runner up – Best Price for Bullion (4.8/5)

3. Augusta Precious Metals: Great Buyback Program (4.6/5)

4. Birch Gold Corporation: Great Staff Overall (4.5/5)

Numerous firms claim they provide the best precious metals IRA in searching for the best providers. However, after going through the Better Business Bureau and reviews on Trustpilot, you will find the top 4 silver IRA companies today.

#1 Goldco: Editor’s Choice – Best and Most Trusted Gold IRA Company Overall (4.9/5)

Don’t be fooled by its name! Goldco is one of the investment industry’s most illustrious silver IRA providers. The firm specializes in simplifying complex procedures helping you secure your investments in precious metals.

If you’re looking for a company to help you diversify your investment with precious metals, Goldco should be on your list. The firm enables you to execute a silver IRA rollover, moving your funds from traditional to silver IRAs. While many believe the task is complex, Goldco’s staff works hard to ensure that you face no hurdles.

You will need a financial advisor to oversee your investment portfolio to make a substantial investment. Goldco hires financial experts who are experienced in dealing with customer finances. They provide you with the knowledge and skills to execute successful investments helping you secure your retirement.

Goldco helps you pick a custodian that suits your needs. Once you have chosen a worthy custodian, the company guides you through creating a silver IRA account. Once your account is established, Goldco facilitates all precious metal transactions while ensuring they comply with the IRS.

You will need further guidance if you’re new to investing in Silver IRAs. Goldco offers beginners a comprehensive guide introducing them to IRAs and their benefits. By educating its clients, the company has a success record unlike any of its competitors.

With one of the lowest fees in the industry, the company is one of the most popular investment firms on our list. Its services have gained it an A+ score with the Better Business Bureau. It also has excellent reviews on Trustpilot and other independent review websites.

If you’re looking to invest in silver IRAs, you will want a simple path to start your investment. Choosing Goldco may help you get into a trouble-free, long-term investment.

Pros

• Simple account creation procedure

• Simplifies the process of initiating a silver IRA rollover

• One of the lowest fees, nominal annual and account management fees

• A+ score by the Better Business Bureau

• Partnered with the most secure depositories

• Reasonable because of the offers clients can receive, including fee-waivers

• Fast shipping to depository with insurance on every order

• Impeccable customer support with readily available educational materials

Cons

• A minimum $50,000 is required to create an account

• A limited selection of precious metals; platinum and palladium options are not available

• Does not operate outside the United States

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#2 American Hartford Gold: Runner up – Best Price for Bullion (4.8/5)

American Hartford Gold, established in 2015, is a family-run investment business. The firm’s primary goal is to help its customers get a diversified collection of assets. They offer precious metals such as silver, platinum, and gold.

American Hartford allows you to protect your precious metals in a retirement savings account. Investing with the firm provides tax-free growth to your portfolio.

IRAs are investment accounts that allow people to claim tax breaks to enhance their wealth. Tax incentives such as deferred payments are claimable when investing in an IRA.

Social Security will not provide for you to sustain your retirement when you retire. The firm allows you to diversify your investment, spreading the risk across assets. American Hartford provides its customers with a diverse range of precious metals from Canada and South Africa.

American Hartford is less well-known than the other firms on this list. Yet, its offerings distinguish it as the most significant selection. If you have an existing IRA account and wish to roll over to a silver IRA, the company’s brokers work hard to provide a hassle-free transfer.

Clients do not need to be concerned about the security or safety of their assets. Insurance covers all purchases, and the firm offers fast shipping of metals. American Hartford provides tailored solutions with varying costs. They may even waive fees in some cases.

The firm has an A+ rating with the Better Business Bureau and has worked hard to maintain its outstanding reputation. It also has five ratings on reputable networks like Trustpilot and Google.

American Hartford is well-known for its excellent customer service. Celebrities like Rudy Guiliani even support it. If you’re interested in a silver IRA, contact American Hartford Gold.

Pros

• One of the leading gold and silver IRA company

• Offers platinum, silver, and gold IRAs

• All purchases are covered by insurance

• No transportation fee is charged to deliver your silver to a depository

• AHG may waive fees of certain clients

• The firm employs financial experts to guide you through a silver IRA rollover

• Customer service is available across-the-clock

• Financial advisors help you decide on the right precious metal to invest in

• Multiple storage facilities with state-of-the-art security to protect your silver

• Endorsements from numerous financial bigshots

• The Better Business Bureau rates them an A+ for their outstanding service

Cons

• Precious metal coins do not have variety, only offered in gold or silver

• It does not list the cost of its services online

• Does not offer its services to clients outside the United States

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#3 Augusta Precious Metals: Great Buyback Program (4.6/5)

Augusta Precious Metals, established in 2012, is a notable provider of IRAs backed by precious metals. Many people choose the firm as their provider because of the quality of their services. 

The benefits that Augusta provides are hard to miss. Since they provide consistency and round-the-clock assistance, Augusta Precious Metals has earned a high ranking on this list. This company aids clients in establishing diversified investment portfolios, giving them more control over their financial futures.

Despite working with many firms, many people were surprised by the variety of physical precious metals Augusta dealt with. There is a wide variety of gold and silver choices, including silver bullions. They also deal with silver coins that are great for a silver IRA!

Augusta Precious Metal’s customers appreciate the transparency in the firm’s practices. The firm does not charge any markups and accurately labels its service costs. Despite the prevalence of sloppy business practices in the sector, the company’s honesty often comes as a pleasant surprise to customers.

Augusta goes out of its way to deal with its clients. With a team of experts that are well-versed in handling investment portfolios, you can be confident that you’ll get top-notch service from this company.

Augusta Precious Metals is committed to developing lasting relationships with its customers. Reviews from satisfied customers are proof of Augusta’s services. Many people appreciated the company providing them with the data they needed to invest in the market confidently.

The company helps any client create a silver IRA and easily transition from traditional precious metal IRAs to their retirement account. If you’re new to precious metal investments, this will assist you in identifying suitable metals-based investments. Great economic rivals have endorsed Augusta Precious Metals, and they have many satisfied customers. 

The Better Business Bureau has awarded the company an A+ grade, indicating that its facilities are among the best in the field. Augusta Precious Metals may be the best option for you if you’re seeking a reliable silver investment firm.

Pros

• Assists in creating a self-directed IRA

• It offers a large variety of precious metals, including silver, gold, platinum

• Small minimum investment of $50,000

• Hires financial experts to guide its customers through their investments

• Vast information is available to help you learn more about silver IRAs

• Round-the-clock assistance is available in case you encounter any difficulties

• Zero complaints

• Partners with many depositories to help you choose one near you

• Offers quick deliveries to depositories, most within ten days

• Some IRA accounts may receive reimbursed fees in silver coins

• Better Business Bureau rates its services an A+

Cons

• A vague website with little information regarding their services

• Very few bullion options

• Operates only within the United States

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#4 Birch Gold Corporation: Great Staff Overall (4.5/5)

Birch Gold Group should be your priority if you want an established business to invest in. With 17 years of experience in dealing with investments, the firm is the most experienced IRA provider on this list. With decades of experience, the firm’s advisors can help you set and achieve your investment goals.

Birch Gold makes it incredibly simple for newcomers to invest in Silver IRAs. If you have an existing precious metal IRA and want to initiate a rollover, the firm’s brokers ensure the process is hassle-free! By providing tailored suggestions, they strengthen their relationship with the clients. 

If you still need clarification about Silver IRAs, the firm ensures it clears all misconceptions by providing educational content. The resources available on its website ensure you know the inside-outs of your investment.

The firm allows you to open a self-directed IRA, giving you the power to invest in a wide range of precious metals. They offer palladium, silver, and gold at the lowest rates due to negligible markups. Furthermore, Birch Gold provides a buyback guarantee on all of its sales if you want to sell your precious metals.

Birch Gold has built its reputation because of its excellent services. It offers coins, bars, and bullion for the precious metals you choose to invest in.

The firm ensures its advisors are always available to provide you with assistance and advice to take your investment to the next level. You will have very little to complain about with a firm like this.

With services like these, it comes as no surprise the firm has gathered a lot of testimonials on the web. The Better Business Bureau rates them with an A+ because of their attention to detail when handling customers. Reviewers on Trustpilot could not find flaws either, almost rating them five stars.

Birch Gold may be the right choice if you’re looking for an established investment firm to guide you to invest successfully.

Pros

• Low minimum investment of $10,000; perfect for beginners

• One of the most experienced IRA providers with 17 years of experience

• Educational materials available on their website familiarize you with IRAs

• Easy to initiate a silver IRA rollover with its staff available to guide you

• Purchases over $50,000 are exempted from the annual fee

• Customer service is always available in case you have any queries

• Wide variety of precious metals, including palladium, silver, and gold

• Partnered depositories across the United States make their services more accessible

• Negligible markups ensure the spread is minimal

Cons

• A vague website that does not specify the fees 

• Does not support traditional IRAs

• It does not offer its services outside of the United States

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Benefits of Silver IRAs

Many people who are invested in traditional IRAs or 401ks wonder why they should look into silver IRAs. It is common for people who don’t understand the essence of the investment to question its credibility. 

The volatility in the stock market has caused many individuals to look for other places to invest in. In comparison, the market for precious metals is volatile, too; it is not as volatile as other commodities.

Unlike other metals, the purchase of silver does not involve a lot of premiums. Silver is cost-effective and has a strong preference for investors who want to opt for precious metals. 

Silver’s price has stayed the same recently but hasn’t decreased drastically. During times of economic uncertainty, this kind of asset is invaluable. People seek silver when they no longer have faith in paper currency.

Why Invest in Silver IRAs?

Do you need clarification about why you should invest in a Silver IRA? Don’t worry; this section explains all the benefits of doing so!

Strong Industrial Demand

Silver isn’t just a hot commodity in the financial market. Industries highly sought this metal since it is an essential component of their products. With the current supply crisis, demand for silver will likely surge a lot in the upcoming months!

Numerous industries demand silver for different uses across the world. It is a vital part of energy production in power equipment and solar panels.

Water treatment facilities use the metal to purify water supplies across cities. 

Furthermore, the product is used in semiconductors and batteries, currently facing shortages. This is partly due to silver’s rarity.

It is doubtful that silver production will be able to meet the growing demand in the upcoming months. The shortage will likely cause an increase in the price of silver. Thus, it is the ideal time for you to put your investment in precious metals. 

Take advantage of the chance for an investment moonshot. Contact an investment company and open a self-directed silver IRA account!

Global Demand

Did you know the global demand for silver surged by over 19% in 2021? 1.05 billion ounces of this metal was demanded in 2021, a remarkable figure! However, the growth has continued.

The demand for silver is set to reach a record high by the end of 2022. Experts believe they will use 1.112 billion ounces of this precious metal worldwide.

Apart from industries, a lot of people demand silver for other purposes. Few metals come into mind when we think of jewelry, and silver is one of them. The metal can easily be sculpted into intricate shapes and requires nominal care.

Silver is also demanded as an investment in bullion and silver bars. Many countries around the world used silver in their coinage. Nowadays, it is prevalent for investors to buy silver coins and bars. The demand for these items increased by 36% in 2021 alone.

Finally, another primary use of silver is in silverware cutlery and decoration. Silver is used for making decorative items that are used in homes around the world. The demand for silver across different industries has increased considerably as well.

Hedge Against Depreciation

As time passes, paper currency may decline and lose its value. Silver is an excellent hedge against inflation and economic downturns. While the dollar’s value has fallen due to the effects of the pandemic, precious metals have seen record highs. 

Silver has a negative correlation with the US dollar, which may come as a surprise to you. Its value tends to rise with time, whereas money tends to fluctuate. Putting some of your money into silver is an excellent long-term strategy to help you secure your financial future in retirement.

Currencies support silver’s value, and a weak currency often leads to higher prices due to increased demand. This is because speculation makes people buy more silver when the dollar weakens.

Hence, silver prices rise when the dollar’s value goes down because of inflation. This process protects your wealth from depreciating.

What is a Silver IRA Rollover?

Once you have created a self-directed silver IRA account, you need to move funds to start investing. If you do not have any other retirement, you will need to transfer money into your account to buy silver.

You must execute a silver IRA rollover if you have an existing employer retirement plan. The process involves moving the value of one IRA to another. You can move some or all of the assets into your new silver IRA account.

To start the rollover process, you must submit a transfer request to your IRA provider. Do not take custody of the asset, or you may be liable for a fine! Your IRA provider will process the paperwork and complete the rollover quickly.

Understanding What a Silver IRA Rollover Entails

You may have heard silver and gold are an excellent hedge against inflation, but like many, you may feel skeptical. Is the jargon around silver IRAs tricky? You may want to understand what a silver IRA rollover entails, and this guide simplifies the process.

Remember, rolling the value of your IRA to another has very few risks. Since you do not have to claim ownership of your assets, the chances of fines and penalties are meager. Your silver IRA provider and custodian handle countless rollovers daily, so you do not need to worry!

Your IRA providers can use two routes to execute a silver IRA rollover. First, they may opt for a direct transfer. Your custodian will have to write a cheque to your silver IRA provider. This helps you avoid liabilities as your IRA provider and custodian will deal directly.

The other option for a silver IRA rollover is an indirect transfer. A custodian will write you a cheque that you must deposit to your silver IRA within sixty days. If you miss the sixty-day deadline, the IRS will charge you a penalty for the early withdrawal of funds.

Which accounts can be rolled over to a Silver IRA?

If you are considering moving your funds from one account to another, it’s time to discuss which accounts are suitable for a silver IRA rollover. A rollover is a great way to move the value of your investment between different accounts, helping you diversify your investment. 

The following accounts can be rolled over into a silver IRA:

• Traditional IRA

• Roth IRA

• SEP IRA

• Simple IRA

• 401(K)

• 403(b)

• 457 Deferred Compensation Plan

• Pension

• Thrift Saving Plan

• TIAA CREF

• Non-prototype IRA

• Beneficiary IRA

A “Hassle-Free” Silver IRA Rollover

You must move funds to your silver IRA account to start investing in silver. While the process may seem like a hassle, there is no reason to worry. If you work with the right IRA provider, you will have a hassle-free silver IRA rollover and can start investing in no time.

The process of purchasing silver and other metals is simple in self-directed IRAs. As explained earlier, you have two options for a rollover. It would be best if you conduct a direct rollover. This common practice helps you avoid tax penalties while moving funds out of your traditional IRA.

If you have an old investment account that is not performing well, you must consider a silver IRA rollover to ensure you make enough money for retirement. Plans like 401(k), 403(b), and 457(b) are highly vulnerable to the uncertainty prevailing in the current economic crisis.

Move your funds into your silver IRA by making a simple phone call to your custodian to move your funds from your existing plan to the new silver IRA. 

Final Thoughts – Best Silver IRA Rollover

Silver is an excellent investment to add to your IRA. The metal is the perfect choice for a long-term investment that can hedge inflation.

Goldco is the best choice if you are still trying to choose a silver IRA provider. They are one of the most experienced IRA providers and have the skills to ensure their clients enjoy hassle-free silver IRA rollovers.

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The firm is renowned for its transparency and customer service, making its clients trust its services. You’ll be amazed at the simplicity of their processes once you go through their offers.

The firm provides educational materials, which are great for beginners who want to learn more about silver IRAs. You will also be pleased with the service their experienced staff offers.

Before creating a precious metals IRA account, remember to do your research. Go through the pros and cons of investing in silver, and then make your final decision. If you plan on rolling over to a silver IRA, remember to choose the best provider to facilitate your transaction swiftly.