A Fidelity Gold IRA is an investment account that offers some of the best terms, especially for those who don’t have a lot to invest. Today, we will take you through what it takes to get a gold ira, were to open one, and how it compares with other options. Fidelity is the largest mutual fund company in the US, with roughly $3 trillion in assets under management as of 2017, so they are the obvious first choice when you want to invest in gold. As mentioned, they offer some excellent rates on their investments like their IRA’s, which can be opened online.

Does Fidelity Have A Gold IRA?

Overview

Fidelity is the largest mutual fund company in the US, with roughly $3 trillion in assets under management as of 2017, so they are the obvious first choice when you want to invest in gold. As mentioned, they offer some excellent rates on their investments like their IRA’s, which can be opened online.

These aren’t new, Fidelity first launched them in 2006, and the answer from the “help desk” is always the same, although I’ve never called them because I’m sure there’s a better option out there. This is a reasonably simple IRA to open. You can do so by clicking here or going to the “IRA Center” section on their website and clicking on the IRA link.

You’ll then be taken to an enrollment page which you can fill out online. You will also have the option of whether you would like to use your Social Security number or give them your name and date of birth. I’ve been able to get a PIN for this IRA through my employer, so I shouldn’t have any trouble opening it with no fees in most cases, but if that’s not an option for you, then basically all you need is your name and date of birth. This can be done at no charge.

FAQS

1. What is a Fidelity Gold IRA?

A Fidelity Gold IRA is an investment account that offers some of the best terms, especially for those who don’t have a lot to invest. Today, we will take you through what it takes to get a gold ira, were to open one, and how it compares with other options.

2. How much does it cost?

Fidelity’s IRA doesn’t charge any setup or maintenance fees if you are already working for someone else or plan on maintaining a minimum balance of around $2500 at any given time during the year. This is one of the cheapest options available.

3. What investment choices are available?

Investment choices vary depending on the account type, but the most popular include: Fidelity funds, index funds, government, and corporate bonds; of course, gold is also an option for IRA owners, despite Fidelity’s unwillingness to advertise that fact. In addition to mutual funds (traditional or Roth accounts) and a variety of CDs (certificates of deposit), there is also a self-directed IRA which allows approved investors to buy just about anything they want.

4. How much can be invested?

Most mutual funds, including Fidelity’s, have a minimum investment requirement of $2500, but you can open an IRA with just 100 dollars. Otherwise, the maximum individual contribution is $5000 a year or $5500 for someone 50 or over.

5. Can I take a loan against my gold IRA?

You cannot take a loan against your gold IRA at Fidelity. While most other companies will allow you to do this, it’s a good idea to avoid taking out loans on any of your IRAs. There can be financial penalties for doing so, and it is a bad idea to borrow against an investment.

6. Are there any disadvantages?

Most investors find that Fidelity Gold IRAs are the best way to invest in gold because the company is reliable and trustworthy. Still, they also put some restrictions on what exactly you can buy with your IRA. The vast majority of investment options available through Fidelity Gold IRAs are mutual funds or CDs, which are considered low-risk investments. Only a few options are considered “riskier, ” including stocks, precious metals, and real estate.

7. How often do I pay taxes on my gold IRA?

Unlike a standard investment in some other companies, your gold IRA has no tax consequences. You had already paid taxes when you contributed. Because the funds are invested low-risk, you will likely never have to pay capital gains taxes or any other type of annual tax on your IRA, as this is typically only applicable to speculators.

Final Verdict

One of the main reasons you may want to choose a gold IRA is if you are looking for a safe way to earn interest on your retirement money without paying taxes or issuing penalties. A gold IRA is one of the world’s most secure and safest investments, not just because the physical asset (gold) is rare and valuable, but because it isn’t subject to any market fluctuations or risk. The gold in your IRA can even be held in storage at no charge by Fidelity at one of their vaults across the country. Fidelity also provides excellent customer service and can be reached over the phone or through their website when you have questions about opening an account or making important investment decisions.