is a gold ira a traditional ira

Gold Star Self Directed IRA

Gold Star Self Directed Ira is an IRA custodian which offers its clients accounts that can be self-directed by the customer. The excellent service they provide to customers and transparent fees set them apart.

After an account set up with a specialist in precious metals has been set up, clients provide specific instructions regarding what platinum to purchase at what price and through the dealer. After these instructions have been received to an IRA custodian makes and holds the platinum until it is needed.

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Customer Service

GoldStar offers its IRA account holders with many options when it comes to retirement accounts. Traditional and Roth IRAs are both provided, as are Simplified Employee Pension plans (SEP), making these ideal for small businesses and self-employed individuals wishing to make contributions towards a pension through payroll deduction. Lastly, Roth IRAs provide tax-free retirement savings plans.

GoldStar is different from the competitors by offering clients the ability to invest in alternative assets outside the traditional IRA custodian model. Their website contains an impressive array of investments such as the real estate industry and startups as well as a fee calculator so clients are aware of the fees that apply when working with this company.

Customers report overall satisfaction with GoldStar Trust Company. They highlight its excellent high-quality customer service as one of the one of the main reasons they chose to do business with GoldStar Trust Company. This includes easy to understand paperwork, a friendly and helpful service, excellent administration of accounts, minimal charges and the wide array of investments available.

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Fees

Goldstar Trust Company IRA stands apart from other custodians because they offer personalised services to its customers. The company has been located in Canyon, Texas since 1989 Goldstar Trust Company IRA offers innovative retirement planning and investing strategies.

The company's fees are based upon the worth of your account and charges an annual administration fee which increases as you add more value. This is in contrast to some custodians that charge flat-rate annual charges.

Prior to opening an account at Goldstar, it is crucial to understand the fees as well as the expenses associated with real estate investments. In addition to the first setup charge and annual maintenance fees based upon the value of your property, you'll also need to cover legal charges for the need to review or rush documents.

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IRA Investment Options

Goldstar Trust Company provides custodial services for retirement accounts that are self-directed and provides their clients with alternative options for investing, like precious metals, private corporations and church bonds - many investors find these investment options better than investment in stocks.

At Real Estate Investment Trusts (RETs) They offer IRA-approved real estate investment opportunities. Property managers have to agree to an agreement in writing with RET for them to be recognized and earn a profit from the profits from their properties. Additionally, their site provides solutions to a lot of commonly asked questions about legalities of real estate investment.

With a reasonable once-off fee, and $65 per year maintenance charge, they have an affordable price in the marketplace. The fees schedule can be easily found on their site for ease of access - an invaluable aspect for financial companies! Additionally, they have excellent client satisfaction, earning an A+ grade from Better Business Bureau.

Security

Precious metal IRAs are self-directed individual Retirement Accounts (SDIRA). The SDIRA allows you to control the retirement savings and investment choices, unlike the 401k plan, which is managed by major financial institutions.

Gold IRA businesses are gaining well-known as a method to diversify your investment portfolio that's heavily concentrated in bonds and stocks. Additionally, they offer the ability to buy back your investments in a simple manner.

Before selecting a IRA custodian it is essential to research thoroughly the company to select one that can best meet your specific requirements. You should compare fee structures, BBB complaint histories and knowledge of investments before you make the decision. A reliable IRA custodian that stands out is offering exceptional customer service with reasonable prices, while focusing on a variety of other assets and also offers free shipping of physical bullion items. In addition, they are in close contact with various depository firms.