Heritage Gold Group Review
What Are the Costs to Start a Gold IRA?
Self-storage gold IRAs are also available through Heritage Gold Group. This requires the creation of an LLC business and those costs and fees are different in each state. There will also be fees to store the physical gold or precious metals that are being stored as federal law does not typically allow for on-site tax-advantaged gold storage. Heritage will help individuals setup their LLC and provide assistance with all state article filings, including a tax identification number and banking authorizations, for an undisclosed fee.
What Types of Precious Metals Are Available?
Platinum and palladium are also available for sale through Heritage Gold Group. Some of the products that are offered for sale may or may not be considered suitable for a gold IRA, so it is best to consult with a customer service specialist over certain items. Heritage does include a green banner on certain precious metals that are IRA approved for easy recognition. Pricing is based on the spot price for the precious metals at the time of purchase in most instances and a helpful ticker for those prices runs along the top of the site.
With that being said, gold coins lead the way for purchase at Heritage. From the Gold American Buffalo to the unique styling of the Gold Vienna Philharmonic that was first minted in Austria in 1989, there are many investment options that fit inside and outside of an IRA for consideration. This is, in part, what helps Heritage to stand out as an organization.
What Is the Buying and Selling Process?
Heritage Gold Group also offers those interested in created a tax-advantaged retirement account a free guide in how to succeed financially with a gold IRA rollover. It is filled with trending information about the precious metals market and offers solid advice about the pros and cons of diversification through these products. There are also a number of e-books and reports that are free to download from their site.
What Timeframes Can Be Expected?
If you choose the self-storage option, expect 5-10 business days for the complete account setup process to be completed if this is a brand new gold or silver IRA. From checkbook authorization through the IRA to the LLC creation process, the complete rollover experience may take up to 60 days to complete.
Is Heritage Gold Group the Right Company To Use?
Everything with this organization does seem to be on the up and up. If anything, the one concern we do have is that the custodian of your gold and silver is supposed to be independent, so having a locked-in relationship with a custodian to hold your assets is a bit worrisome in some respects. Having the option for a self-managed LLC IRA for gold and precious metals helps to counter those worries, but may not be right for all investors. It takes time to research all of the needed information about market growth, which Heritage provides well, but may not be suitable for those who need to invest with limited time.
For a company with an established reputation, we recommend Regal Assets. There is no question about how long it takes or who can get your gold, silver, or precious metals investments when you choose them as your gold IRA company. That’s why it is ours and compared to Heritage Gold Group, Regal Assets gets our recommendation every time.