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If you want to enjoy life without fretting about how financial upheavals like inflation will impact your savings, you should consider switching your existing retirement plan to a silver IRA. Many people now use this strategy to protect their future.
A central aspect of any investment strategy is diversification. Spreading out your investments allows you to diversify your portfolio so that the breakdown of one business or industry won't impact the entire holdings.
In this guide, we picked the best silver IRA providers for 2022 based on their reliability, reputation, and silver IRA reviews.
Best Silver IRA Companies in 2022
Overall Best Silver IRA Company: Augusta Precious Metals
Founder and CEO Isaac Nuriani established Augusta Precious Metals in 2012. He has a lot of experience helping senior citizens plan their financial future. Augusta has one of the highest ratings and is renowned for its exceptional services.
Unlike some businesses, Augusta takes the time to build trust with customers. They inform customers about the value of diversification and the effectiveness of gold and silver IRAs as inflation hedges.
To strengthen its relationship with customers Augusta firmly upholds the principles of transparency, simplicity, and service. They operate in total transparency, recognizing the value of IRAs and making suggestions based on their benefits to customers.
For the benefit of beginners, they keep the setup process simple and uncomplicated.
They offer 24/7 chat support for any questions on their website to help customers at all times. Customers have full access to a skilled Harvard-educated analytics team, which includes Director of Education Devlyn Steele. Devlyn’s enthusiasm is evident in the wide scope of their website's collection of educational resources.
The experts at Augusta help with paperwork so you won't feel lost, and assist you in choosing the investments that will yield the best returns. You can rest assured that all your material possessions are secure in the well-protected Delaware Depositary. The metals are legally documented and inaccessible to workers.
Pros and Cons of Augusta Precious Metals
Best Silver IRA Company Customer Service: American Hartford Gold
American Hartford is a California-based business renowned for its quick delivery and straightforward IRA setup. They offer one of the largest selections of gold, silver, and other metal bullion. They provide IRA rollovers, as well as silver and gold IRAs. You can visit the company website to register and avail of a free informational manual.
You can buy these tangible assets after determining which metal is best for you. The best part of working with American Hartford is that you get secure delivery of your assets soon after purchase.
They provide a live, around-the-clock chat option on their website. There is also a helpline number that connects you to a specialist on their website if you need more in-depth assistance. They have received many positive reviews and high ratings on platforms such as Trustpilot.
Pros and Cons of American Hartford Gold
Best for First-Time Investors: Birch Gold Group
Birch Gold Group is one of the largest gold and silver dealers in the United States. They offer a wide range of services, including physical metal bullion, IRA rollovers, and gold and silver IRAs. Renowned for providing top-notch services, they help investors through the process to ensure their comfort.
They have an easy setup procedure. The advisors assist you in determining how much money you should save for investments and what kinds of metals to buy with your funds.
New customers can sign up for a free information kit on their website. The kit includes relevant information on gold and silver IRAs and IRA rollovers. They have a helpline on their website that customers can call to have their questions answered.
Birch Gold sells a variety of metals, including palladium, platinum, gold, and silver.
Pros and Cons of Birch Gold Group
The Most Cost-effective: Goldco
One of the easiest ways to set up an IRA is with Goldco. They have approval from BBB and BCA. You can invest in different metals such as gold, silver, palladium, and platinum, or you can invest in a combination of all these metals.
Self-directed IRAs can be set up in three simple and quick steps at Goldco. Their staff helps customers through the process and offers recommendations specific to each customer's future requirements. You won't need to worry because Goldco has a fantastic buy-back plan.
Goldco offers physical asset purchases, IRA rollovers, and precious metal IRAs. They have many different bullions, including bars and coins. A live chat feature is available on their website. You can ask any question, and they will be available to help you.
Goldco has Trustpilot ratings and is CAA-accredited. They are a superb option if you want a business that does not charge high maintenance fees.
Pros and Cons of Goldco
Extensive IRA Track Record: Regal Assets
Burbank, California- based Regal Assets is one of the top suppliers of gold and silver IRAs. They have done an excellent job of upholding this reputation since the company’s founding in 2009. The business earned a coveted "A+" rating from the BBB in 2010.
Regal Assets stands out among Silver IRA providers because of its high customer satisfaction ratings and affordable pricing.
They have a Business Consumer Alliance AA rating and numerous positive reviews on other independent review websites. Their fee schedule is transparent and obvious.
Customer service at RegFal is exceptional – their IRA specialists work with customers from start to finish.
Pros and Cons of Regal Assets
Despite the volatility in the global markets, there is still a high demand for silver and other precious metals. We trust this article has given you a better understanding of the best silver IRA options. It is ultimately up to you and your family to decide what is best for you.
Remember: no other method of portfolio diversification offers investors as much potential as investing in precious metals.
Related: Best Gold IRA Companies, Augusta Precious Metals Review, How to convert your IRA into a Gold IRA, American Hartford Gold Review
Much like gold is, silver is regarded as the ultimate store of value when paper money becomes worthless. Again, like gold, silver can help defend retirement portfolios against inflation and assist investors in holding their value through any market crisis.
There are no dividends or interest payments made on physical gold and silver. Instead, buyers of coins and bars made of precious metals do so because of the metal value they contain. Due to their limited production, rarity, and other collectible attributes, premium coins may be worth more than bullion products.
You can turn the money from your traditional IRA into your self-directed IRA before investing it in physical gold and silver. The IRS permits one IRA rollover per calendar year.