Years in Business | 6 |
Minimum IRA Investment | $5,000 |
Fees |
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Services Offered |
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Suitable for | Retirement investors who want short-term price protection |
Online Experience |
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Reagan Gold Group is a Los Angeles-based precious metals investing service founded in 2017. The company has earned an A+ rating with the Better Business Bureau and a 4.5-star rating on Trustpilot.
Reagan Gold Group makes it easy for investors to diversify their portfolios with precious metals like gold, silver, platinum, and palladium. They can purchase coins and bullion to add to their existing portfolio or open a precious metals IRA to invest in metals for retirement.
Reagan Gold Group is an investment service and precious metals broker. The company offers a wide range of physical gold, silver, platinum, and palladium products that investors can purchase and use to diversify away from stocks, bonds, and other common assets. Diversifying into precious metals can be a hedge against inflation or a downturn in the stock market, making them a popular choice for many retirement investors.
Reagan Gold Group simplifies the process of investing in precious metals. You can purchase gold products to add to your current portfolio or open a precious metals IRA to invest for retirement. Gold products are stored in a licensed depository and insured against loss. There’s also an option for home delivery for investors who prefer to take custody of their metals.
I like Reagan Gold Group because it offers several unique benefits for investors. First, if you buy metals from Reagan Gold Group and their price drops within the first 14 days, the company will reimburse your loss with more precious metals. In addition, Reagan Gold Group has a buy-back policy for existing customers. This makes it easier to sell your metals at a fair price if you need cash in retirement.
With its 14-day price guarantee on metal purchases, Reagan Gold Group is an excellent option for retirement investors who want short-term price protection. The company is also an appropriate fit if you’re learning about precious metals investing for the first time, since they offer an informational investor kit. This will arrive at your home in about three days and contains details about why you might want to diversify into precious metals and how Reagan Gold Group’s service works.
Reagan Gold Group doesn’t provide much information about its fees on its website, but the agent I spoke to was very transparent. There are two main fees at Reagan Gold Group.
First, the company charges a markup on the spot price of each metal you purchase. This varies based on which product you purchase, the amount you purchase, and the current price of each metal. For most purchases, the markup is around 7%.
Second, Reagan Gold Group charges an annual fee that includes custodianship for your IRA and storage at the Delaware Depository. The annual fee is $230 per year, but it’s waived for your first two years.
Spot price markup | 7% (varies) |
Annual fee | $230/year (waived for first two years) |
Notably, if you purchase metals from Reagan Gold Group, you receive price protection for 14 days. This means that if the price of your metals goes down, the company will reimburse you for your loss. This ensures that you can invest safely with Reagan Gold Group even during periods when spot prices are relatively volatile.
Reagan Gold Group enables you to purchase physical metals for investment. You can either buy metals to add to an existing non-retirement portfolio using post-tax funds or open an IRA to invest in metals for retirement. Reagan Gold Group offers both traditional and Roth IRAs and can help you roll over funds from an existing retirement account without taxes or penalties. The minimum investment is $5,000.
Reagan Gold Group has a wide range of gold, silver, platinum, and palladium products for you to choose from, including both coins and bullion. The company offers to store your metals for you in its safe at the Delaware Depository. All metals stored at the depository are insured by Lloyds of London, so you don’t have to worry about theft or damage.
Alternatively, you can have your precious metals delivered to your home. However, Reagan Gold Group recommends that investors do not choose this option, since metals must be stored with a licensed depository to be included in an IRA.
I found that it’s very easy to start investing in precious metals with Reagan Gold Group.
When you’re ready to start investing, you can contact Reagan Gold Group by phone. An agent will ask for details about your current portfolio and your investment goals to determine whether a precious metals IRA makes sense for you. The agent will then help you set up a new IRA and walk you through the process of rolling over funds from an existing retirement account.
Once your IRA is set up, you can choose which of Reagan Gold Group’s metal products to purchase. The company’s website has details about each product and I found that the company’s agents are very helpful in making recommendations.
Reagan Gold Group offers customer support by phone from 8am-5pm (PT) Monday-Friday. There is no live chat or email support, but I was able to connect with a helpful agent in less than a minute by phone.
One thing I really like about Reagan Gold Group is the extent of educational resources on the company’s website. There are detailed guides explaining the benefits and drawbacks of precious metals investing and how to use gold as a hedge against inflation. The company’s site also has a blog with market news updates and charts showing the trajectory of gold and silver prices. An FAQ page answers questions specifically about Reagan Gold Group.
Can I roll over an existing 401(k) to Reagan Gold Group?
Yes, Reagan Gold Group can help you roll over funds from an existing 401(k), IRA, or other retirement plan to your new precious metals IRA. There are typically no taxes or penalties for rolling over your retirement account to a precious metals IRA. The rollover may take up to several weeks to complete.
Can I store gold or silver in my IRA at home?
Yes, you can request that precious metals you purchase from Reagan Gold Group be delivered to your home. However, your metals must be stored with a licensed custodian, such as in a bank security deposit box, in order to qualify as investments within your IRA. You may also need to establish an LLC in order to legally self-custody precious metals within an IRA.
What precious metals are allowed in an IRA?
Investors are allowed to hold gold, silver, platinum, and palladium in an IRA. Coins, bullion, and bars must contain at least 99.5% gold, 99.9% silver, 99.95% platinum, and 99.95% palladium to qualify.
Reagan Gold Group makes it simple to invest in gold, silver, platinum, and palladium through your existing portfolio or through a precious metals IRA. The company has a wide range of metal coins, bullions, and bars to buy and the minimum investment is only $5,000. I especially like that Reagan Gold Group offers purchase protection for 14 days and has a policy for buying back metals from customers after they retire. Overall, this is an excellent company to work with for anyone who wants to diversify their retirement portfolio into precious metals.