US Money Reserve offers a variety of services to help people diversify their retirement portfolios. It has decades of experience in precious metals investments, personalized customer service and various support resources to help you make informed decisions.
These services include gold and silver IRAs. They can also help you roll over funds from your existing IRA or 401(k) plan.
Precious metals IRAs
If you’re looking to diversify your investment portfolio, a precious metals IRA can be an excellent option. These self-directed IRAs allow you to invest in a variety of unconventional assets, including gold, silver and cryptoassets.
However, you should be aware of some potential IRS issues before you decide to open a precious metals IRA. First, you need to understand the statutory exceptions to federal income tax law that allow you to include gold, silver and platinum coins or bullion (gold, silver, platinum and palladium bars that meet applicable purity standards) in your IRA.
Second, you need to find a reputable dealer who knows the government’s rules. You can ask your IRA custodian for recommendations, or you can search online and consult industry trade groups like the American Numismatic Association and the Industry Council for Tangible Assets.
You also want to make sure that you choose a company that offers buybacks for your precious metals. These companies will buy back your metals at a favorable price if you decide to sell them back in the future.
Investing in precious metals, such as gold, silver and platinum, can help smooth out the volatility of stocks and bonds and protect your wealth from inflation. In addition, some people believe that these assets are a safe haven, offering a tax-favored place to stash their wealth.
The IRS permits investors to purchase certain forms of precious metals and bullion in their IRAs, as long as they meet specific purity requirements. These include gold, platinum, silver, palladium and copper.
Some reputable gold IRA companies offer easy setup processes and qualified assistance from investment professionals. They also provide valuable economic guidance to help investors make informed decisions.
Gold IRAs usually have one-time account setup fees, yearly maintenance fees, and seller’s fee (the markup on the spot market price of gold that an investor pays). They may also have brokerage fees, storage fees (paid to an approved depository), insurance fees (insuring against loss at the depository), and cash-out costs (a fee for closing the account when you decide to do so). Regardless of which type of IRA you choose, your precious metals should be stored with a custodian that has gained federal approval for asset custody services.
Silver IRAs are legitimate investment vehicles that allow investors to diversify their portfolio with physical metal. They can also serve as a hedge against inflation and help increase asset growth.
Silver is one of the safest assets available, and it’s an excellent way to protect your retirement savings. But if you decide to invest in precious metals, you need to select a custodian and depository that are fully compliant with IRS regulations.
In addition, you need to find a dealer who can give you a fair price. There are a lot of scammers out there, so it’s important to do your research before you make a decision.
The best silver IRA companies act as a one-stop-shop for all the important tasks related to setting up a silver IRA, such as buying and selling your metals. We’ve found Noble Gold Investments to be a great choice for this purpose, as they offer low fees and top-notch ratings.
While US Money Reserve is a reputable company with a long track record of customer satisfaction, they have had some legal issues and customer complaints in the past. It is important to compare other providers of precious metals and do research before making a purchase to ensure you’re getting the best value for your money.
Some customers have complained that the prices for USMR products are higher than those from government mints, which can be a concern. In addition, some customers have found that USMR’s sales tactics are pushy or high-pressure.
Despite these problems, U.S. Money Reserve is a legitimate business with expert guidance, secure storage options and a wide variety of gold and silver products available for sale.
In 2015, the company appointed a new president, David Breckenridge, who was committed to fixing these issues and making USMR a better company for its employees and for consumers. He was responsible for establishing quality assurance standards, improving the company’s online reviews and responding to consumer concerns in a timely manner.