Augusta Precious Metals IRA Review 2022: Ratings, Options, Pros & Cons
A precious metals IRA is a special form of self-directed individual retirement account that allows you to invest your retirement funds in physical precious metals like gold, silver, platinum, and palladium. This type of investment helps you maintain a diversified investment portfolio by offering a safeguard against unexpected economic shocks and financial crises.
Investing in metals for retirement has gained significant traction over the years. With many gold companies in the market, people are always searching for a gold company they can trust with their retirement funds. Augusta Precious Metals services the needs of people looking to buy gold and silver for investment purposes.
In this Augusta Precious Metals review, we’ll explore what they have to offer and consider why they may or may not be the right investment company for you. We’ve updated this article in the Fall of 2022 to make sure you have the most accurate and timely information in this volatile global macro environment.
This site contains affiliate links to products/services. The owners of this website may be paid to recommend Goldco Direct. The content on this website, including any positive reviews of Goldco Direct and other reviews, may not be neutral or independent. The owners of this website may also be paid a commission by Augusta Precious Metals, Birch Gold Group, Regal Assets, Noble Gold, or others.
August Precious Metals Self-Directed IRAs
Given today’s historically low interest rates on fixed-income investments and stock market valuations, self-directed IRAs offer an alternative to traditional IRAs. They allow you to diversity your portfolio by investing in various assets, including precious metals like gold and silver.
Augusta Precious Metals offers the option to purchase precious metals such as gold and silver bullion coins, rounds and bars, as well as premium coins. The precious metals company also sells collector sets and proofs, certified gold and silver coins, and commemorative coins.
Augusta Precious Metals Gold IRAs
A Gold IRA functions more or less like a traditional IRA. The only significant difference is that you’re investing in physical assets rather than just paper ones. As a result, a precious metal IRA has additional rules and regulations.
Augusta Precious Metals has offered precious metals since 2012. The company boasts a highly trained and knowledgeable team with plenty of IRS regulations experience. Their exemplary customer service makes it easy for your retirement savings to work for you.
Opening a Gold IRA involves an easy three-step process. Here’s their streamlined Gold IRA process:
- Create your self-directed IRA with Augusta’s preferred custodian to store your investments
- Fund the Augusta Precious Metals account
- Purchase eligible gold and silver
You don’t have to store your gold and silver investments at home when Augusta Precious Metals store them in a secure, fully insured facility.
Once you transfer your funds or complete the gold or silver cash purchases, Augusta Precious Metals will have your investments moved safely to an IRS-approved depository, where they’re stored until you reach retirement age.
Augusta allows you to choose the depository most convenient for you from several locations in the United States. Cities with Augusta Precious Metals storage facilities include Los Angeles, CA; Jackson, Ohio; Salt Lake City, Utah; New Castle, Delaware; Wilmington, Delaware; Mississauga, Ontario, Canada; and Springfield, New York.
Augusta Precious Metals’ uniquely efficient and effective approach produces cost benefits that trickle down to its customers.
Even after establishing an initial account, customers can call on anyone from the Augusta Precious Metals team for assistance.
Upon retirement, you can opt to have the precious metals disbursed in actual gold/silver or cash. Bear in mind that buying precious metals hedges against inflation.
The actual gold in a gold IRA must be at least 99.5% pure. Augusta Precious Metals gives investors the option to invest in coins and bars.
Types of Gold IRA Coins
- Gold American Eagle Coin
- Gold American Eagle Proof
- Gold Canadian Maple Leaf coin
- Gold Canadian Eagle coin
- Gold American Buffalo coin
- Gold Canadian Maple Leaf coin
- Austrian Gold Philharmonic coin
- South African Gold Krugerrand coin
Gold IRA Bars
Augusta’s gold bars are manufactured by some of the world’s leading producers. They have bars available in various sizes to meet customer demands.
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Augusta Precious Metals Silver IRAs
Like Gold IRAs, Silver IRAs offer the benefits of diversifying your portfolio, albeit at more affordable precious metal prices. The process of opening and rolling over your account to a silver IRA is the same as gold, and Augusta Precious Metals offers both silver coins and bars.
Types of Silver IRA Coins
Like purchasing gold, silver coins tend to be more valuable than silver bars since they have more collectible value and are easier to trade. However, silver spot prices for silver bars will usually match current market values for silver. Some of the silver coins Augusta Precious Metals offers include:
American Silver Eagle coin
Canadian Silver Soaring Eagle coin
Canadian Silver Eagle with Nest coin
Canadian Silver Maple Leaf
Silver Bars
Augusta Precious Metals Fees
- A one-time account setup fee of $50 to establish the IRA
- Annual custodial fee of $100
- Annual depository fee of $100
Gold IRA Storage Fees
In summary, Augusta customers will pay about $250 in fees for the first year. Subsequent years, the annual fee is $200. There are no hidden management fees, shipping fees, or insurance fees.
Is an Augusta Self-Directed Precious Metals IRA Right for You?
If you’re looking to save cash for your retirement and grow your money steadily over time, then investing in precious metals may be right for you. This type of investment is more stable than traditional stocks and bonds. You can enjoy peace of mind while growing your investment at the same time.
Moreover, a precious metals IRA is easy to cash in, allowing you to liquidate your investments for cash or hold on to them when you retire.
Over the years, precious metals have performed exceptionally well. Safe-haven demand has allowed them to withstand stock market crashes and even outperform stocks. By holding physical gold and silver, you increase your odds of weathering turbulent times and volatile markets.
Overall, investing in precious metals has proven to be one of the most tried and true investment options. Consider an Augusta Precious Metals Gold or Silver Account to grow your retirement savings and secure your financial future.
Transferring and Rolling Over Existing IRAs
If you’re looking to rollover an existing retirement account, say because you’re retiring or changing jobs, the IRS mandates that you roll over the distribution from your existing IRA account or other retirement accounts within 60 days.
Augusta Precious Metals offers helpful guides to simplify the process of rolling over your existing IRA account. A gold IRA rollover provides more benefits than buying gold outright because they attract lower tax charges.
Depending on your tax bracket, contributions made to your precious metals IRA account may also be tax-deductible. Taking advantage of such tax breaks saves you money and makes for a more fruitful investment.
However, it’s essential to be familiar with IRS rules and regulations regarding transferring and rolling over your existing IRA to a Gold IRA. Understanding the rules can save you plenty of time and money.
For instance, the IRS sets regulations that control how much you can contribute to a precious metals IRA based on your age. It also determines when you’ll be allowed to begin withdrawing funds.
With close to five decades of experience in the precious metals industry, the team at Augusta Precious Metals is well versed in the legal, tax, and policy issues regarding precious metal IRAs. The highly experienced professionals are always ready to answer questions and provide more information. They make the rollover process effortless.
As with any investment decision, you always want to start with research. The Augusta Precious Metals team understands the time and effort you put into accumulating your retirement savings and will never recommend products that don’t align with your investment goals. If you opt to invest in gold or silver, you should start considering the types of Augusta Precious Metals you want in your portfolio.
Second, Augusta Precious Metals provides a specialist dedicated to each account. The representative will walk you through the entire process, help with paperwork, and even answer your questions.
Next, you can begin setting up your rollover. Transferring your funds directly from the previous services is often less complicated than doing it indirectly. Nonetheless, you’ll always have an IRA gold advisor by your side to guide you through the transfer process.
Once you’ve completed the transfer, you can select the gold and silver you want to be included in your precious metals IRA and start enjoying the benefits. Augusta offers well-known physical gold and silver products, and you can count on their team to help you assemble the precious metals portfolio you choose.
Useful Resources
Unlike other Gold IRA companies, Augusta Precious Metals offers plenty of educational material to help customers learn more about responsible and strategic retirement planning.
Saving for retirement can be difficult without expert financial knowledge. That’s why Augusta Precious Metals has an entire team of professional gold and silver educators. The precious metals professionals stay abreast of gold and silver prices for retirement savers.
Augusta Precious Metals offers an extensive range of free resources to the public, including simple videos on investing, current events, retirement planning, and more.
Free Self-Directed IRA Guide
Augusta Precious Metals believes every American deserves to better understand the economy and precious metals to make sound financial decisions. As a physical gold and silver provider, the company provides truthful, accurate, and detailed economic and precious metals information to help investors support their savings efforts.
Based on customer feedback and Augusta Gold IRA reviews, the company’s free guides and one-on-one webinars with in-house economic analysts provide valuable information to those seeking to diversify their investment portfolios.
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Main Features of Augusta Info
- Augusta Precious Metals offers self-directed precious metals IRAs, including Silver and Gold IRA
- Self-directed IRAs provide more freedom and control than traditional IRAs. You can direct and manage your own precious metals within this type of IRA or pay someone to manage it, meaning you have complete control over your purchases and sales.
- Augusta Precious Metals IRAs diversify your investments and expand the value of your retirement portfolio, making them a more viable investment for retirement than other traditional and ROTH IRAs
- Unlike other gold companies, Augusta Precious Metals works toward meeting customer expectations with total transparency, simplicity, and customized metal portfolios to meet each client’s needs
- Precious metals offer easy liquidity at retirement
- Augusta has an A+ rating and accreditation by the Better Business Bureau and the highest AAA rating from the Business Consumer Alliance
- Augusta Metals adheres to the highest professional and ethical standards in customer service and holds membership in professional associations
- Augusta offers an extensive range of IRS-approved precious metals options
- Augusta provides free educational resources to ensure the general public is well informed and equipped to make better investment decisions
- The company prides itself on serving as a resource for customers. Highly trained and experienced team members help with the entire process, from account opening to the time you take distributions.
Pros
- Augusta Precious Metals offers a broad selection of popular precious metals
- Streamlined approach and competitive pricing
- They offer lifetime customer support
Cons
- The company requires a minimum investment amount
- They don’t offer other precious metals like platinum or palladium
If you’re interested in diversifying your investment portfolio with a Gold or Silver IRA, Augusta Precious Metals is a reputable partner. The company makes the entire process a stress-free, enjoyable process for retirement savers. The precious metals company also offers customized portfolios and commits to total transparency.
In addition to providing a waiver for the first year’s IRA fees, the experienced team takes care of everything a precious metals investor needs, from the time you fill the paperwork and purchase gold or silver to safe delivery and storage in depositories.
If you’re ready to join the gold and silver IRA bandwagon, contact the team at Augusta Precious Metals today for a consultation. If you found this Augusta Precious Metal review helpful but want to see more options, feel free to check out our article, The 5 Best Gold IRA Companies of 2021.
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Disclaimer: This site contains affiliate links to products/services. The owners of this website may be paid to recommend Goldco Direct. The content on this website, including any positive reviews of Goldco Direct and other reviews, may not be neutral or independent. The owners of this website may also be paid a commission by Augusta Precious Metals, Birch Gold Group, Regal Assets, Noble Gold, or others.
Risk Disclosure: Investments in gold, silver, precious metals, and cryptocurrency involve risk. This is not financial advice and you should consult with a licensed investment advisor before investing.