Gold IRA companies focus on assisting investors with adding physical precious metals to self-directed IRAs. Unlike conventional investment firms centered on equities and mutual funds, these companies guide clients through the unique process of owning IRS-approved gold and other metals inside a retirement account.
What Do Gold IRA Companies Do? .Most Gold IRA providers serve as intermediaries rather than direct custodians. They coordinate with IRS-approved self-directed IRA custodians who handle account administration, reporting, and regulatory compliance. These companies assist investors with education, metal selection, and the rollover or transfer of existing retirement funds.
A major service provided by Gold IRA companies is rollover assistance. Many investors move funds from 401(k)s or traditional IRAs into Gold IRAs. Experienced providers help ensure the process is completed correctly to avoid taxes or penalties.
In addition, Gold IRA companies partner with IRS-approved depositories for secure metal storage. These facilities provide high-level security, insurance, and auditing. Due to IRS regulations banning home storage, metals must be held at approved facilities.
By simplifying a complex process, Gold IRA companies help investors diversify retirement portfolios and gain exposure to physical assets.