The Complete GoldStar Precious Metals IRA Review You Need for 2024
Established in 1989, the GoldStar Trust Company has been at the forefront of providing services tailored to the needs of its clients, especially those who want to invest in a precious metals IRA.
The company professionals are committed to providing quality products, competitive prices, and top-notch customer service. Its experienced staff is available to answer questions and provide assistance throughout the entire process.
Investing with the GoldStar Trust Company is a safe and secure option for supplementing retirement funds.
With its background in physical precious metals, this company is dedicated to providing customers with the best possible IRA account experience. The organization has over a decade of experience in the gold and IRA industry and is among the most trusted names in the business.
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The GoldStar Trust Company was founded and owned by members of the Kelley family, including newer vice presidents with real estate, mutual funds, and self-directed IRA backgrounds.
They specialize in providing traditional, Roth, SEP, and Simple IRAs in addition to precious metals IRAs. On top of that, the company has been helping thousands of investors diversify their retirement portfolios since 1989, including physical gold, silver, and other precious metals investments.
The GoldStar Trust Company takes pride in providing efficient and reliable services to its clients, making it incredibly easy to open, manage, and fund a precious metals IRA.
It offers a wide selection of gold and silver coins, bars, bullion for investments, and a secure storage facility for your assets. On top of that, it is one of the few trust companies that are qualified to hold precious metal investments in an IRA or Roth IRA.
What Kind of IRA Account Does the Goldstar Trust Company Offer?
The GoldStar Trust Company offers a variety of individual retirement accounts (IRAs) to meet the unique needs of its customers:
Traditional IRAs
Generally, traditional IRAs allow individuals to make tax-deductible contributions that can be withdrawn at retirement age, usually around 59 1/2.
These accounts offer tax-deferred growth on contributions, allowing IRA holders to grow their money faster than a regular savings account.
Additionally, the GoldStar Trust Company offers an array of account options to meet the diversity of its individual investors, including self-directed accounts, custodial accounts, and single-signature accounts.
Furthermore, any income generated from investments within a Traditional IRA account, such as interest and dividends, are also tax-deferred, meaning that taxes are not due on them until you withdraw money from the account.
Simple IRAs
Simple IRA accounts by the GoldStar Trust Company allow individuals to save for retirement while enjoying some tax benefits. The funds are typically invested in stocks, bonds, and mutual funds, allowing savers to grow their money over time.
There are contribution limits, and each payment is made with pre-tax money, reducing the saver’s taxable income. This helps to make saving for retirement a more attractive option for many individuals.
The GoldStar Trust Company makes sure that the accounts are up to date with the latest regulations, and it provides a secure environment to protect these investments.
A maximum contribution that can be made to a Simple IRA is $13,500 per year. All funds that are contributed to a Simple IRA can be invested in a variety of investments, including stocks and mutual funds.
Roth IRAs
A Roth IRA account allows for tax-free growth of assets and withdrawals in retirement, allowing for tax-free income during the golden years.
Furthermore, contributions to such IRA accounts can be withdrawn without penalty, allowing for more flexibility when an individual needs access to cash.
The GoldStar Trust Company is a premier provider of Roth IRA accounts, offering clients personalized advice and a range of investment options.
These accounts are different from traditional IRAs in that they allow for contributions to be made with after-tax dollars.
This means that taxes on the contributions and any subsequent earnings are deferred until the account holder takes a withdrawal. The deferral allows for money to grow without being subject to taxes, thus increasing the potential of the account.
SEP IRAs
A Simplified Employee Pension IRA (SEP IRA) is an individual retirement account (IRA) established by an employer on behalf of their employees. It is suitable for small businesses and the self-employed and can be a great way to provide tax-advantaged retirement savings.
This is a type of tax-deferred retirement savings plan that allows contributions to be made by employers, employees, or both.
The funds deposited in a SEP IRA are pre-tax contributions, meaning they are not taxed until they are withdrawn. Furthermore, the contributions are deducted from the account owner’s taxable income, which helps lower their tax liability.
SEP IRA accounts by the GoldStar Trust Company are an excellent way for small businesses and self-employed individuals to save for retirement.
They are similar to traditional IRAs, but the contributions are larger and tax-deductible. On top of that, such retirement accounts also have the added flexibility of being able to accept money at any time, whether during the tax season or throughout the year.
Can Physical Precious Metals Be Stored in an IRS-approved Account in the Goldstar Trust Company?
Precious metals like gold coins, silver, platinum, and palladium can indeed be stored in a self-directed IRA account with the GoldStar Trust Company.
The organization is a self-directed IRS-approved trust company that provides secure, insured ownership of physical precious metals.
Gold and silver, including other metals held in physical form by the GoldStar Trust, are stored in an IRS-authorized depository maintained by the Delaware Depository Service Company (DDSC).
This affords customers the security of knowing that their assets are safe while ensuring that the trust company meets all applicable regulations set forth by the Internal Revenue Service.
Customers looking to store physical gold and other precious metals in an IRA custodian must open a GoldStar Trust Company IRA account and purchase gold and silver from a reputable dealer. Once these steps have been completed, clients can be sure that their assets are securely stored and protected from potential theft or damage.
The Storage Charges for Precious Metals IRA Custodian with the Goldstar Trust Company
Investing in a Precious Metals self-directed IRA custodian with the GoldStar Trust Company comes with many advantages, one of which is the low storage fee.
It’s a safe, secure, and affordable solution to investing in precious metals such as gold coins. The GoldStar Trust Company’s storage fee is $50 per year. Holdings of up to $100,000 can expect a yearly fee of $275.
The GoldStar Trust Company has a variety of IRA fees that investors should be aware of. Two of the most common fees are the $65 annual fee and the $25 fee for self-directed IRA account establishment.
All of the required fees vary based on the custodian chosen and the type of account opened (whether for silver bullion or palladium bullion), so customers should evaluate all their options before making a decision.
The GoldStar Trust Company - Frequently Asked Questions
Potential self-directed IRA account owners barely know much about this small-scale company. Here are a few of the most common questions people have about the GoldStar Trust Company website and alternative investments:
Where Is the Goldstar Trust Company Headquartered?
The GoldStar Trust Company is headquartered in Canyon, Texas. Overall, the team is highly experienced and dedicated to providing unparalleled customer service for self-directed IRA holders.
What Kind of IRA Retirement Accounts Does the Goldstar Trust Company Offer?
The company allows its customers to open a number of different types of IRA investment accounts, including Traditional IRAs, Simple IRAs, Roth IRAs, and SEP IRAs.
Each type of IRA has its own set of rules and requirements that must be followed in order to maintain the tax-advantaged status of the account and create a diverse retirement portfolio.
The GoldStar Trust Company’s experienced staff is available to help customers determine which type of account is best for their individual retirement needs.
Is the Goldstar Trust Company IRA Ideal for a Self-directed IRA Custodian?
With a long history of reliable and experienced service, the GoldStar Trust Company is well-suited to provide the custodial services required for a self-directed IRA. Its experience in the self-directed IRA custodial arena makes it an ideal company for individuals looking for an IRA that is tailored to their unique needs and goals.
Furthermore, its low fees, professional investment advice, and wide range of IRA portfolios provide clients with more flexibility and access to more opportunities than many other limited liability companies on the market.
Why Should Gold Be Stored in an IRA?
Investing in an Individual Retirement Account (IRA) is a great way to save for the future. Gold is known for its stability and is a great asset to add to your retirement portfolio. By investing in it through an IRA, you are able to take advantage of the tax benefits and potential cost savings associated with having gold in retirement.
Conclusion
The GoldStar Trust Company is a leader in the self-directed IRA custodian industry, providing personalized customer service and support. This company is experienced in working with individuals to help them achieve their financial goals with self-directed IRAs.
On top of that, it offers IRA custodial services that make it easy to invest in a variety of paper assets, including real estate investments, church bonds, precious metals like gold, silver, and palladium, private placements, and cryptocurrencies.
