How Does Goldco Work?
Goldco allows investors to purchase precious metals IRA. In order to purchase silver or gold through this company, you will have to schedule a call with a sales representative of Goldco. You can contact the customer support team to schedule this call. Here are the steps you will have to follow in order to complete the bullion or coin purchases:
• You will first need to select your IRA and determine your source of funds. Most clients of the company choose to use funds from other retirement accounts, and these could be IRAs, 401(k)s, and 403(b)s.
• Next, you will be required to choose your custodian and complete the paperwork. This can either be an Equity Trust or a Self-Directed IRA Service.
• You can then authorize the transfer of funds by contacting your retirement account holder.
• Finally, you will be able to complete the bullion or coin purchases.
When transferring funds from your retirement account, you should consider contacting a tax advisor to make sure you minimize your tax liability. Goldco is not authorized to offer tax advice or legal advice, so you will have to use a third-party service.