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Bear Lake Gold has carried out this IRA Financial Group review to give you our professional opinion on this precious metal company, its costs and fees, its uniqueness, and its products and services. Unlike other IRA Financial Group reviews online, we will give you correct and updated details about the company's coins, bullion, and precious metals IRA offerings.
We carried out this review using our standard review methodology. As a crucial aspect of all our review processes, we communicated in real-time with the company's offline and online clients living in the United States and some of the company's employees. Specifically, we spoke to people in their customer care and management team.
As specialist analysts in the precious metals market, we have not rated IRA Financial Group in our top five recommended companies in this niche.
Read on to find out why they never made the top five selection and whom we rank most highly for providing precious metals and precious metal IRAs all they did reach the top ten.
Last year, the U.S. recorded that the number of retirees living 200% below the poverty line was more than 15 million. From our experience with occurrences in the financial industry, we can trace this poverty rate to either a lack of proper investment or no investment before and after retirement. The increasing inflation rates also contribute to this number by reducing the value of people's savings.
The only way to get out of this rat race is by investing your income or savings before and after retirement. Most importantly, investing through a vehicle that is in a low-risk and less volatile market. These investment vehicles save money from inflation and provide good ROI levels.
Precious metals and precious metals IRA (Individual Retirement Account) investments have proven to be an investment vehicle that has saved retirees from poverty, shielded their savings from inflation effects, and given them good ROI before and after retirement. Precious metals IRA investment is like investing in a tax-efficient saving regime.
The goal of this review is to help equip you with the information you need to decide whether to invest in gold and other precious metals through the IRA Financial Group or instead to take our advice and choose one of the companies we have vetted and recommend as an alternative to the IRA Financial Group.
Before we begin this IRA Financial Group review properly, we want to reassure you that we have been accurately reviewing precious metals IRA companies for many years. From our numerous reviews, we have carefully selected the industry's precious metals IRA elite companies. These companies are:
Please click on all or any of the links above to get the full details about our top five elite precious metals IRA companies.
The company is a fund administrator that takes care of retirement assets and funds. It was founded by Adams Bergman in 2010 at 1691 Michigan Ave # 335, Miami Beach, FL 33139, USA.
IRA Financial Group prides itself on being an expert in financing self-directed retirement plans, cryptocurrency acquisitions, Peer-to-peer lending, precious metals IRA, stocks, and general business.
On the company's website, you will see articles Adam wrote as far back as July 2011. In addition, you will see over 30 more articles for investors to read and research. These elements make it clear that the company has a level of influence in the investment markets. The company is also affiliated with the IRA Financial Trust Company. The latter handles retirement account investments and funding on various levels.
Furthermore, the company's YouTube channel has over a million views and 7,000 active subscribers. They have blogs covering every retirement investment concept ranging from foundations like "self-directed IRAs" to advanced concepts like "financial success." Since its inception, the company has helped over 21,000 customers invest over $4.5 billion in alternative investments.
Therefore, it does not matter if you come into the investment market with uncertainties. You will find blogs and videos on the company's various platforms that will clear your doubts. Moreover, you can contact the company's ERISA (Employee Retirement Income Security Act of 1974) and tax experts if you need extra information.
There are also real-life examples in the content they provide for investors. This way, you will get real-life examples of whatever concept you want to understand about investments.
IRA Financial Group offers IRA rollovers and precious metals IRA services. The company is a BBB (Better Business Bureau) and IRS-approved business. On BBB, they have an A+ rating. The company also has podcasts for those who prefer listening to reading investment content. They have over 300 tracks on the Soundcloud platform for IRA investing alone. Although their podcast platform is new, it will give you general ideas on investment and IRAs before you start engaging with the company. The CEO, Adams Bergman, has also written over eight books on self-directed IRAs.
The CEO (Chief Executive Officer) of IRA Financial Group, Adams Bergman, is a member of the Forbes Council. Adam Bergman founded the company in 2010 in Florida, United States. He is a former ERISA and tax attorney who has worked with major legal firms.
Adams started the company to implement recent technologies in traditional investment markets, and his status avails the company of opportunities to contribute to Forbes.
The company functions as a "fund administrator." In other words, they maintain existing and start new individual retirement accounts for clients. They have the approval from the IRS to offer personalized services. IRA Financial Group makes investing in alternative assets easy if you have an existing retirement account. It is one of their major goals as an IRA investment company.
The company combines traditional banking processes and modern technologies to make investing in an IRA easy, simple, and seamless for its clients.
They also have experts who can help you understand your current IRA and suggest investments for your type of IRA. In addition, they give clients recommended investment strategies that will aid them in saving more money through tax avoidance.
When we spoke to the company's management team members, they told us that the company's goal was to open the investment world for people, and the company does all it can to see that it happens. Paying attention to what they said about the company's aim made it easy to understand why it offers its customers the products and servicesit currently offers.
The company allows its customers to invest their savings before and after retirement conventionally. Moreover, they also give their customers opportunities to invest unconventionally. Some examples of their unconventional investments include private business stocks, cryptocurrencies, and peer-to-peer lending.
Investors also get opportunities to invest maximally via checkbook writing. If you want to partner with a small company with various investment options through checkbook writing, this company may be your best alternative.
A Checkbook writing SDIRA (Self-Directed Individual Retirement Account) is a structure approved by the tax court and IRS. The structure allows you to fund any investment type through your IRA tax-free.
When you control your IRA through checkbook writing, you will not need the consent of your custodian to make any investment. In addition, you will not need to deal with high custodian fees, unlike an SDIRA-controlled investment. For the latter, you will need the consent of your custodian to execute or enter any transaction.
A SDIRA-controlled investment comes with high fees. However, this structure is the most used among investors who do not make high-frequency transactions.
Checkbook writing allows you to carry out transactions using your physical IRA checkbook. Paying bills, accessing funds, and making income deposits becomes easy through IRA check-writing.
If you value privacy and speed and want to control your IRA, you should opt for a checkbook-writing IRA. IRA Financial Group has a team of experts who can handle the whole checkbook control process.
IRA Financial Group also provides its clients with cryptocurrency investment opportunities that are unavailable with other investment companies. Although, cryptocurrency investment depends on your opinions about cryptocurrencies and the associated risks in a volatile market.
The company doesn't display its IRA fees on its website. Unfortunately, this is the aspect many investors are interested in. For such a company with a high Forbes reputation, this modus operandi is strange. We tried to find out why they do not display their pricing on their website from their customer care team when we spoke to one of them. Unfortunately, we did not get a satisfactory response.
This lack of pricing transparency may lead investors to question the company's reputation. Generally, we have seen from experience that many companies that need to be more transparent about their prices either have higher-than-average margins or levy hidden charges that they want customers to know about once they are more fully engaged in the buying process.
The company, however, has some details about the services they offer and their financial implications. If you eventually choose to invest with this company, you can use the cost of these services to decide the kind of investment you will make with the company. Remember that the fees related to their IRA services are not part of the fees they display on their website.
The company can serve as a custodian for your IRA investments since it offers checkbook writing. Most people we contacted informed us that the fees for precious metals IRA investments were reasonable.
The company does not bill customers who want to open a precious metals IRA with them. The company also does not display its storage costs. However, they collect custodian fees annually, and according to customers' feedback, the fees are quite reasonable. According to the details we got while talking to customers who have done or are doing business with this company, the company's quarterly deductions with checkbook control range from $180 to $360. We suspect this range can be based on customers' bargaining power or the kind of assets they hold in their investment portfolios.
Every time an investor trades an asset, the investor pays between $35 to $45 as transaction fees. When we asked a customer representative why the fees are different, she told us that the amount clients pay as transaction fees depends on the type of assets they are trading.
The company offers two types of Self-Directed Retirement Plans.
For this investment plan, IRA Financial Group serves as the IRA custodian. There are three major parts of a self-directed IRA, and all these parts must be IRS-approved.
Customers can invest money in diverse assets with their self-directed IRAs. For example, precious metals, mutual funds tax lien, private business stocks, and other alternative assets. A self-directed IRA gives investors personal control over their funds. Therefore, it means that a self-directed IRA relates more to individuals.
However, there is a limit to how much an investor can fund. If any investor violates any SDIRA (Self-directed Individual Retirement Account) law, the person's IRA accounts will be
This IRA is another self-directed IRA option. This self-directed IRA option is a checkbook control that allows investors to invest faster. The IRA custodian will offer the client full-time services in the self-directed IRA LLC. Moreover, the clients can invest in any custodian branch without losing money or wasting time.
This IRA investment method is more convenient and affordable. With a self-directed IRA LLC, IRA Financial Group can help you transfer funds from your IRA to your regular bank account via checkbook control.
There are few solo 401(k) varieties. The employer and the employee can participate in retirement fund investments in this investment plan. This feature allows the participants to invest higher sums and get unlimited access to their accounts. Clients with solo 401(k) plans will pay taxes if they withdraw their money in bits.
The Solo 401(k) retirement plan increases investment funds yearly more than any other retirement investment plan. Hence the popularity of the investment plan. As an employee, you can spend up to 25% of your revenue annually and push your average investment to $61,000.
You can diversify your investment with the solo 401(k) plans. You can also spend on tax liens and rentals. In addition, you will enjoy tax-free dividends. Most importantly, you will need approval from your IRA custodian to make a solo 401(k) investment.
ROBS is an acronym that represents Rollover for Business Startups. With this investment plan, you can fund your business startup using your retirement funds.
Your Retirement funds will first be rolled over to your 401(k) IRA when you open a ROBS account. You can also use this investment plan to buy stocks from organizations. Then you use the stock dividend to invest in your startup or existing business.
The investment plan is one way to invest in yourself. However, you can incur tax liabilities when withdrawing funds rolled over to your 401(k) before the due withdrawal date.
The company allows its clients to invest in tax-free opportunities. As we mentioned before, this was the company's goal. The company has experts that will assist you with investing in your preferred assets, provided your account balance can fund it.
You can invest in local and foreign real estate through IRA Financial Group. Some of the investment options are;
This investment is also called a real estate IRA.
An SDIRA can subsidize alternative and traditional investment funds. This IRA has tax advantages and a minimum amount for starting the process. IRA Financial Group allows its investors to invest in equity and hedge funds through this investment plan. However, you must pay attention to what you are investing in and determine if the investment term is prohibited before investing. The company’s experts can advise you on what to invest in and guide you through the investment process
You can invest in cryptocurrencies using your self-directed IRA funds through IRA Financial Group. You can aid your cryptocurrency investment using methods controlled by custodians or checkbooks. The company partnered with Gemini cryptocurrency exchange to allow investors to invest in bitcoin or other cryptocurrencies through its digital app known as IRA Financial Trust. The app is available on both Apple App Store and Google Play Store.
IRA Financial Group also allows investors to buy or fund their precious metal investments using their Solo 401(k) or self-directed IRAs. The categories of precious metals you can invest in through IRA Financial Group are:
Holding any above-listed precious metals in an IRA is a good investment option. It is to invest your IRA funds in an asset that volatility and fluctuations in the stock market will not affect.
IRA Financial Group sells IRA-eligible coins and bullion in the precious metals category above, and the IRS approves these coins and bullion. For example, the U.S. state minted American Eagle coins.
Here are the benefits of investing in precious metals IRA;
Investing in a precious metal IRA requires very few steps that are not difficult. IRA Financial Group has experts that will help you through the process involved. However, here are the steps you must take to invest in a precious metals IRA.
IRA financial group can help you through all these processes and even advise you on buying the best IRA-eligible coins. The company's experts will advise you based on your account balance, investment needs, and goals.
You can invest in mutual funds, notes, and tax liens through IRA Financial Group. According to one of the company's experts, the best way to support any investment documents above is through a self-directed IRA LLC. This investment may be low, but it is one simple way to make money.
IRA Financial Group gives clients two kinds of payment plans. If you choose the self-directed payment option, you can choose the $199 primary or $500 premium payment option. With any of these payment options, the company will provide consulting services for one year with all relevant benefits. However, there are additional benefits when you pay for the premium option. You will get fast IRA customer support and personal consultation sessions with the company's CEO, Adam Bergman.
If you are going for the Solo 401(k) investment option, you can choose a $199 basic or a $500 premium payment plan. For the Solo 401(k) investment, you will get a one-year consultation service for free. Then, the company will organize all the IRS restatement requirements and forms for you. However, only users with the premium package can fill out the IRS form 5500-EZ.
Most customers who told us they had done business with other precious metals companies said they stayed with IRA Financial Group because of its customer service. According to them, the company has quality customer service. As a customer, you can contact IRA Financial Group's customer care through its online and mobile platforms. You can also access the company's customer support services via its numerous blog posts, website investment guides, and podcasts. Additionally, the company enjoys special IRS audit protection because Adams Bergman is a tax professional.
When writing this article, IRA Financial Group had no promotional offer. If you are looking for one of our top-rated companies that currently have a great promotion where you could get up to $10,000 in free silver, then click on the Goldco banner below.
A+
We found 18 reviews giving them a five-star score, and we only found one complaint
No Reviews Were Found
No Reviews Were Found
3.4 out of 5 stars.
This rating was based on 34 reviews. 16 were excellent, 2 were great, 1 was average, 1 was bad, and 11 were poor.
4.8 out of 5 stars.
From a total of 96 reviews.
4 out of 5 stars.
This rating was based on 109 reviews. 73 were excellent, 12 were great, 8 were average, 3 were bad, and 13 were poor.
When Bear Lake Gold reviewed IRA Financial Group, we found they are not a scam company; we believe they are a legitimate company and, as far as we can see, are safe to do business with. The company has been in the industry for 13 years, and its CEO is a reputable person in the business world.
If you are looking for alternatives to investments in precious metals or an alternative to an investment in a precious metals IRA, this company is an excellent choice. We say "might" because we are only experts in precious metal investment. Hence, we are not qualified to pass judgment on such areas as ROBS or other investments.
When it comes to buying precious metals or a precious metal IRA, we believe that our top five ranked companies, Goldco, Augusta Precious Metals, Hartford American Gold, Birch Gold Group, and Noble Gold Investments, are better placed to meet your needs, as these companies specialize in this area. They have better customer service and a more proven track record. The better track record is evident by, the higher number of overall 5-star reviews and the much lower number of low-scoring reviews they have recorded against them on the major review sites.
If you are looking to buy precious metals or a gold IRA, we recommend working with any of the top five gold IRA companies mentioned below. Please click the relevant links in the next section to request their detailed review guides and know more about them.
Read the full Goldco review here.
Features
Read full Augusta's review here.
Features
Features
Read our full Hartford American Gold Review
Read the full Birch Gold review here.
Features
Read the full Noble Gold review here.
Features
An IRA Financial Group Silver and Gold IRA is a retirement account allowing individuals to invest in precious metals. For instance, gold and silver. This kind of IRA allows individuals to diversify their retirement portfolios to include precious metals, and it promises more ROI (Returns on Investments) than traditional investments like stocks, bonds, ETFs, etc.
The process of opening a precious metals IRA through this company is simple. All you need to do is fill out the online application form from the company's website and fund your account. When you finish the account funding process, you can proceed to select your preferred gold and silver investments for inclusion in your newly opened gold IRA account.
