Gold IRA firms help individuals include physical gold and other precious metals within self-directed retirement accounts. Unlike conventional investment firms centered on equities and mutual funds, they help investors navigate the process of legally owning IRS-approved metals in a retirement plan.
What Do Gold IRA Companies Do? .Most Gold IRA companies act as facilitators rather than custodians. They coordinate with IRS-approved self-directed IRA custodians who handle account administration, reporting, and regulatory compliance. Gold IRA firms guide clients through setup, metal selection, and retirement account rollovers.
A major service provided by Gold IRA companies is rollover assistance. Investors often transfer assets from 401(k)s or standard IRAs into Gold IRAs. Experienced providers help ensure the process is completed correctly to avoid taxes or penalties.
These companies coordinate storage through approved depositories that meet IRS standards. Approved depositories maintain strict security protocols, insurance, and oversight. Since personal storage is not allowed under IRS rules, approved depository storage is required.
Through professional guidance, Gold IRA companies make it easier for investors to add tangible assets to their retirement portfolios.