best gold ira rollover

IRA Financial Group Review

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. As a major part of this review, 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.

In our opinion as specialist analysts in the precious metals market, we have not rated IRA Financial Group in our top 30 recommended companies in this niche. If you want to find out why they never made the top 30 selection and who we rank most highly for the provision of precious metals and precious metal IRAs read on.

Last year, the US 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's effect and provide you with good ROI levels.

Precious metals and precious metals IRA (Individual Retirement Account) investments have proven to be one of those investment vehicles that have 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. Please click on all or any of the buttons below to get the full details about our top three elite precious metals IRA companies.

 

#1 Recommendation

Best Overall Precious Metal Provider

 

Best IRA Gold information packREQUEST YOUR AUGUSTA GOLD GUIDE

 

#2 Recommendation

Best  Gold IRA Based On Price

 

Best IRA Gold information pack REQUEST YOUR GOLDCO GOLD GUIDE

 

#3 Recommendation 

Most Reliable IRA Provider

 

Best IRA Gold information packREQUEST YOUR HARTFORD GOLD GUIDE
Independent Financial Group Reviw

Company Name

Introduction to IRA Financial Group

The company is a fund administrator that takes care of retirement assets and funds. They pride themselves on being an expert in financing self-directed retirement plans, cryptocurrency acquisitions, Peer to Peer lending, precious metals IRA, stocks, and general business. 

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. He started the company with the aim of implementing recent technologies in traditional investment markets. 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 the 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 are coming 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 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.

The CEO (Chief Executive Officer) of IRA Financial Group (Adams Bergman) is a member of the Forbes Council. His status avails the company of opportunities to contribute to Forbes. On the company’s website, you will see articles that he 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.

IRA Financial Group offers IRA rollovers and precious metals IRA services. The company is a BBB 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 relating to 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.

How IRA Financial Group Works

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 IRS to offer personalized services. The company makes investing in alternative assets easy for its clients with retirement accounts. 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 the investments to hold in your type of IRA. In addition, they give clients recommended investment strategies that will aid them in saving more money through tax avoidance.

What Does IRA Financial Group Sell?

When we spoke to the management team members of the company, 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. By paying attention to what they said about the company's aim, it was easy to understand why the company offers the kind of products and services that they offer their customers.

The company provides its customers with opportunities to conventionally invest their savings before and after retirement. 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, then this company may be your best alternative.

A Checkbook writing SDIRA 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.

An 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 your bills, accessing your funds, and making income deposit 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 that can take care of the whole checkbook control process.

IRA Financial Group also provides its clients with cryptocurrency investment opportunities that are not available with other investment companies. Although, cryptocurrency investment depends on your opinions about cryptocurrencies and the associated risks in what we consider to be a very volatile market.

IRA Financial Group Costs and Fees

The company doesn't display its IRA fees on its website. Unfortunately, this is the aspect a lot of investors get interested in. For such a company with a 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 experiences that many companies that are not transparent about their prices, either have higher than average margins or levy hidden charges that they do not want customers to know about until they are more fully engaged in the buying process.

Financial Features

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. Keep in mind 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. When we asked some customers about their IRA fees, they told us that they contacted the company for their IRA investments and the investment fees. 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, 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 either be based on customers' bargaining power or the kind of assets in their investment portfolio.

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.

Pricing

  • As a customer, you can pay for your self-directed IRA LLC with a $360 annual starting fee or pay a $999 one-time payment.
  • You can start with a $360 yearly payment for your Self-Directed IRA. Although, the company will incorporate Gemini Exchange into this IRA.
  • You can either pay $999 at once or $199 annual payment for a solo 401(k). However, this payment starts after the first year.
  • You can pay a one-time fee of $2,500 or $100 monthly for ROBS (Rollover as Business Start-up).

Self-Directed Retirement Plans

The company offers two types of Self-Directed Retirement Plans.

  • Self-Directed IRA
  • Self-Directed IRA LLC

Self-Directed IRA

For this investment plan, IRA Financial Group serves as the IRA custodian. Primarily, there are three major parts of a self-directed IRA, and all these parts must be IRS-approved.

  • A custodian.
  • A financial institution.
  • A depository.

Customers can finance 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 the 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 shared as a punishment. Since the account is personal, the individual investor who broke the law will bear the punishment alone.

SDIRA fees are higher than the fees of the regular IRAs. Increment results from additional fees like establishment fees, yearly renewal, and annual fees. SDIRA custodians do not give their customers any advice, and customers under 50 can only spend a maximum of $6000.

Self-Directed IRA LLC

This IRA is another self-directed IRA option. This self-directed IRA option is a checkbook control that allows investors to make faster investments. 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. When you have a self-directed IRA LLC, IRA Financial Group can help you transfer funds from your IRA to your regular bank account via checkbook control. In addition, IRA Financial Group helps self-directed IRA LLC investors to invest more promptly into opportunities.

Solo 401(k)

There are not many solo 401(k) varieties. The employer and the employee can participate in retirement fund investments in this investment plan. This feature takes allows participant to invests higher sums and get unlimited access to their accounts. A client with a solo 401(k) plan 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 not pay income tax. Most importantly, you will need approval from your IRA custodian to make a solo 401(k) investment.

ROBS Solution

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 our startup business or an already 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.

Investing Retirement Funds

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.

Real Estate

You can invest in real estate locally or internationally through IRA Financial Group. Some of the investment options are;

  • Apartments
  • Lands
  • Rentals
  • Liens
  • Commercial properties
  • Residential properties

This investment is also called a real estate IRA.

Investment Funds

An SDIRA can subsidize alternative and traditional investment funds. This IRA has tax advantages and a minimum amount for starting the process. You can 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.

 

IRA pros and cons of cryptocurrencies

Cryptocurrency

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.

Precious Metals

The company also allows investors to buy or fund their precious metal investments using their Solo 401(k) or self-directed IRA. The categories of precious metals you can invest in through IRA Financial Group are:

  • Gold
  • Silver
  • Platinum
  • Palladium

Holding any above-listed precious metals in an IRA is always 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 mined American Eagle coins.

Here are the benefits of investing in precious metals IRA;

  • It is a good way of growing your wealth with the decrease in the dollar value.
  • Liquidating any precious metal held in your IRA is easy.
  • Precious metals can function as a hedge against inflation.
  • It is an excellent way to diversify your investment portfolio.
  • Precious metals are accepted worldwide.
  • How to Hold Precious Metals in an SDIRA

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 will have to take to invest in a precious metals IRA.

  • Establish or open your Solo 401(k) or Self-Directed Individual Retirement Account (SDIRA) through an IRA custodian.
  • Fund your Solo 401(k) or SDIRA via a transfer or rollover. Your IRA custodian can help you with the funding process. If your custodian does it correctly, the transfer will be tax-free.
  • Start buying IRA-eligible coins using the funds in your account.

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.

Tax Liens or Deeds

You can invest in mutual funds, notes, and tax liens through IRA Financial Group. According to one of the company experts we talked with, the best way to support any of the investment documents above is through a self-directed IRA LLC. this investment may be low, but it is one simple way to make money.

Payment System

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 options. With any of these payment options, the company will give you 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 Adam Bergman, the company's CEO.

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 the IRS form 5500-EZ.

What Makes IRA Financial Group Unique?

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.

How Do Customer Review Sites Rate IRA Financial Group 

BB Review and Customer Testimonials

A+

We found 18 review ggiving them a five sytar score and we only found one compliant

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

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.

Facebook Reviews

4.8 out of 5 stars.

From a total of 96 reviews.

Trustpilot 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.

IRA Financial Group Promotions

At the time of writing this article IRA Financial Group had no promotions on offer. If you are looking for one of our top rated companies that currently has a great promotion where you could get up to $10,000 in free silver then click on the Goldco banner below.

 

free $10,000 in silver

IRA Financial Group Pros And Cons

Pros
They have positive customer ratings on different public review sites
The company offers a wide range of IRA investment opportunities  and if you are looking for an alternative to precious metal IRA investments this company moght be one to consider
They charge their customers reasonable IRA fees.
They have a specific education program for high- net-worth individuals
Cons
The company is not transparent with most of its service pricing.
Compared to some of the other companies we have reviewed they have not been established in this industry as long.
The number of great customer reviews we could find on key review sites is lower than we would like to see for our top 20 rated companies.
The company has relatively little quality insightful information of their website.
The ratio of negative to positive review was too high for our liking.d

Our Recommended Alternatives To IRA Financial Group

Goldco ranks top on our list because of the vast range of precious metals it gives investors at affordable prices. It also offers gold IRA investment opportunities to interested investors. The company's customer service and support are one of the best you can find in the industry.

It has a rich education section for precious metals investment and sells the best products in the precious metals industry.

Augusta Precious Metals is a gold IRA firm that gives its clients top-rated investment options. The company has a wide selection of products for its clients, uses Delaware Depository for storage, and offers quality customer service to its clients.

American Hartford provides their clients with opportunities to invest as families in the precious metals industry. While being passionate about family investments, they sell the best precious metals in the market and prove it by offering buyback services to their customers.

They also have world-class customer service and one of the best promotional investment offers in the industry.

Conclusion to our IRA Financial Group Review

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 12 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, then this company might be a great choice for you. We say might as we are not experts in any other area than precious metal investment, so we are not qualified to pass judgement on such areas as RBOS or art investments.

When it comes to buying precious metals or a precious metal IRA, we believe that our top three ranked companies, Goldco, Augusta Precious Metals and Hartford American Gold are better placed to meet your needs, as these companies specialize in this area, they have better customer services and a more proven track record in this sector.  The better track record is evident by the higher number of overall 5-star reviews they have and the much lower number of low-scoring reviews they have recorded against them on the major review sites.

Bottom line if you are looking to buy precious metals or a gold IRA work with Goldco, Augusta or Hartford.

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