The Birch Gold Review that follows is brought on by the growth in the numbers of putting their retirement money into precious metals. The IRS permits those who have 401k or IRAs (Individual Retirement Accounts) to utilize the assets in the purchase of precious metals like gold and silver. Those precious metals are then considered an integral part of the 401k or IRA investment fund.
It is worth noting that if your retirement plan is a 401k , that means it is managed by your employer ,and you may not have the choice to invest in gold or any other precious metals . Additionally, you may only be able to invest in a 401k plan in precious metals if you already have retired from the job for which the scheme was established . These limitations do not affect IRAs.
There is a great deal of curiosity about the conversion of IRA or 401k cash into precious metals , and this has led numerous precious metal traders to actively focus on those with 401k or IRA plans in their promotion efforts . Since those dealers are keen to sell their items , those people who do respond to the businesses in question need to take care that they are dealing with a reputable organization.
The the web makes it much simpler for traders to check out any company trading in the US. Anyone who is looking at shifting all or part of their 401k or IRA equity into precious metals should take advantage of this convenience before making any deals.
Birch Gold Group is just one of the numerous firms providing professional services to people who would like to use 401k or IRA funds to invest in precious metals. The company, based in California, has established an outstanding reputation, and it seems like they could be a good option for those who would like to roll their retirement schemes to precious metals.
A great place to start with is with the BBB (Better Business Bureau). The BBB monitors businesses to ascertain adhere to the Bureau’s mission statements. Trust and integrity are key factors, and they are very important when it comes to financial dealings. Our Birch Gold Review found that the business has an A+ ranking with the BBB. That is the highest rating that the BBB gives a company, therefore that is a positive.
During our evaluation, we checked out the company’s rating on the BCA (Business Consumer Alliance). The BCA monitors complaints against companies with the help of quite sophisticated computer software. As with the Better Business Bureau, grades or rankings are given companies, and, yet again, Birch Gold Group has achieved the highest rating possible from the BCA, that is to say AAA.
Moreover, it should be stressed that there are not any complaints registered against Birch Gold Group on the BCA site. That does not mean that everyone is pleased. As we will find out later in this analysis, not everyone is pleased with the way the business performs, and it would seem that some people merely did not take the trouble to record any issues with the BCA.
We examined the company’s rating on a few review sites. On TrustLink, the business gets a 5-star rating, but has only 29 reviews. TrustLink was developed by the BBB to provide clients with a way to let others know about their experiences, both positive and negative, with businesses.
An internet search will reveal that there are some very serious question marks about this specific organization. There are several complaints about their unwillingness to share information about its configuration. The company’s website contains few specifics about the firm, aside from standard contact info.
There is not any background information on the company directors or management, and there is nothing relating to the history of the company. This is at odds with the majority of dependable businesses, who provide plenty of details about the business for interested parties.
Complaints About Sales Techniques
Many online complaints about the business have to do with the manner in which it sells gold. People looking for 401k or IRA investment opportunities are usually advised to invest in gold bullion. Nevertheless, lots of people have complained that Birch Gold Group attempts to sell them collectible gold or silver items, for instance coins, and that the firm charges a lot more than the market price for those goods. Complainants state that the rates they were quoted were up to 30% above market price.
There are also complaints that the firm is more like a telemarketing business than an investment adviser. People point out that company employees appear to be reading from prepared scripts, and therefore are not able to adequately answer questions that may not be included in those scripts.
Which Gold IRA Company Do I Recommend for 401ks and Rollovers?
My choice for the best Gold IRA firm is Regal Assets. You can give them a call at 1-888-745-7957.