Kingold Jewelry

Investing in a gold IRA can be a smart financial move, but it's important to understand what you're getting into before committing. That's why it's important to research and read honest reviews.

Vantage Gold IRA is a popular provider, offering various products and services to help you invest in gold. In this review, we'll look at what to consider and what to expect when investing in a Gold IRA with Vantage.

We'll discuss the company's history, products and services, fees and customer service ratings. With this information, you can decide whether Vantage is the right provider for you and your retirement portfolio.

Vantage IRA Background

One of Arizona's most trusted names in self-directed IRA custodianship is Vantage IRA, formerly Entrust Arizona. Since its founding in June 2004, the Phoenix, Arizona-based company has amassed more than 6,500 customers.

With First Trust Company of Onaga (FTCO) as its partner, Vantage IRA is a TPA that manages individual retirement accounts. Financial advisors at Vantage IRA help clients set up and manage self-directed IRAs.

Vantage has been at the forefront of the retirement account market in promoting investment diversity since 2004. Their target market consists of wealthy individuals in the United States who may not be keen on investing in the stock market.

Investing your money wisely requires knowledge of several options, such as custodial accounts and alternative asset IRAs. When you work with Vantage, you'll have access to a group of experts who are prepared to see you through the process quickly and easily.

If you're an alternative asset investor looking for a helpful, personable and easily accessible account administrator to oversee your portfolio, Vantage is here to serve you.

Vantage is dedicated to protecting your retirement investments. They work hard to provide you with various investment options that are both malleable and promising so that your money may be put to work just how you want it to.

Vantage Self-Directed IRA Management

Currently, Vantage manages retirement funds totaling over $2.5 billion. Vantage is one of the preeminent administrators of IRA accounts in the US. They assist savers who wish to diversify their retirement funds into private companies, real estate and promissory notes.

J.P. DahDah, who earned degrees in finance and marketing from the University of Arizona is the company's founder and chief executive officer. In 1997, he began working as a financial advisor for American Express Financial Advisors, a reliable Fortune 100 firm.

Mr. Dahbah's tenure in the banking sector spans a whopping 26 years. He has received numerous honors and distinctions throughout his career, including the prestigious "Entrepreneur of the Year" award from the Arizona Hispanic Chamber of Commerce.

In addition, he was recognized as one of Arizona's most promising young business leaders by being named to the inaugural class of "Forty Under 40" by the Arizona Hispanic Chamber of Commerce and the Phoenix Business Journal. He was named one of the 25 "Most Admired Leaders" in 2020.

Vantage Gold IRA Investment Accounts

Vantage IRA's website is clunkier than average. Vantage IRA doesn't provide a convenient way to view all available investment choices in one place.

Under the "Forms" menu item, you'll find a breakdown of all the details. The website might be more user-friendly with some tweaks here and there. The various Vantage IRA retirement plan options were eventually uncovered after diligent research. One can choose from the following investment account options.

Traditional IRA

This tax-advantaged account allows you to set aside pre-tax money for your retirement. With a Traditional IRA, you can make contributions each year up to the IRS limit, which will be tax deductible.

Vantage IRA makes it easy to open and manage a Traditional IRA. You can contribute to your IRA through various methods, including direct deposit, cash deposit, transfers from other accounts or mail. Your contributions must be made by the tax filing deadline each year to be eligible for that year's tax deduction.

When withdrawing funds from your Traditional IRA, you generally cannot do so until you reach age 59 ½. To avoid taxes and penalties, you must take Required Minimum Distributions (RMDs) once you reach age 70 ½. Early withdrawals are possible but may incur taxes and a 10% penalty.

Roth IRA

A Roth IRA is one of the most popular types of investment accounts offered at Vantage IRA. It's a retirement savings plan that allows you to make after-tax contributions with the potential for tax-free growth and withdrawals in retirement.

Contributions to a Roth IRA can be made with earned income (such as wages, salary or self-employment income) up to the annual contribution limit, which is currently $6,500 for those under age 50 or $7,500 for those age 50 and over.

Contributions must be made by the individual's tax filing deadline, typically April 15, but contributions for the prior year's taxes can be made up until the tax filing deadline.

Withdrawals of contributions can be taken out at any time without penalty. However, if you withdraw earnings before age 59 ½, you may be subject to taxes and penalties. Upon reaching age 59 ½, you can withdraw your earnings without penalty.

Roth IRAs also allow you to take a qualified distribution, meaning you can take out up to $10,000 without penalty or taxes to purchase a first home.

SIMPLE IRA

A SIMPLE IRA (Savings Incentive Match Plan for Employees) is a retirement savings plan for small businesses and self-employed individuals. It's an easy way to save for retirement while taking advantage of tax benefits.

At Vantage IRA, you can open a SIMPLE IRA and contribute with pre-tax dollars. When you contribute to the account, you get an immediate tax deduction on your contributions. Contributions to a SIMPLE IRA are made by both you, the employee and your employer.

The maximum contribution you, the employee, can make is $15,500 in 2023, plus an extra $3,500 "catch-up" contribution if you're 50 or older. Your employer's contribution is limited to matching your contribution up to 3% of your salary or a flat 2% of your salary, regardless of whether you contribute.

You can begin withdrawing funds from your SIMPLE IRA when you reach the age of 59 ½. Before that point, withdrawals are subject to a 25% early withdrawal penalty unless you qualify for a special exception.

This means you should think carefully before withdrawing money from your SIMPLE IRA, as any funds withdrawn before age 59 ½ may be subject to taxes and other penalties.

SEP IRA

A SEP IRA or Simplified Employee Pension Individual Retirement Account is a great retirement investment option offered by Vantage IRA. It's perfect for business owners, freelancers, and the self-employed who want to save for retirement.

With a SEP IRA, you can contribute up to 25% of your compensation or $66,000, whichever is less. Contributions are made with pre-tax funds, meaning they reduce your overall income taxes owed.

In terms of making contributions to your SEP IRA, it's easy. Just deposit funds into the account before filing your year's tax return. Remember, contributions are limited to the lesser of 25% of your compensation or the annual limit.

When withdrawing funds from a SEP IRA, you can do so at any time once you reach age 59 ½. You are required to start making withdrawals at age 70 ½. Withdrawals will be subject to income taxes and may also be subject to a 10% penalty if taken out before age 59 ½.

Vantage Gold IRA Investment Options

The Vantage Self-Directed IRA allows you to invest in alternative assets not available through traditional IRAs, such as real estate. Some of the most well-liked investment choices are listed here.

Private Entities

Private companies are available for investment. These businesses are private and are not traded on any public exchange. Startups and businesses of a similar size fall into this category. You can find these in various organizational forms, such as limited partnerships, limited liability companies, private placements, private funds and private stocks.

Investment capital for private firms comes from individuals and small groups. These can include individual retirement accounts, which can provide a welcome cash infusion to a young company. One perk is that your IRA won't have to pay any taxes on profits from these types of investments if and when they turn a profit.

Real Estate

This is the most common investment option for SDIRA holders. Commercial, single-family, multi-family, mixed-use, raw land, seasonal rentals and "fix and flips" are just a few of the many real estate options available to investors.

Real estate purchases made with an IRA are functionally equivalent to those made with other types of funding. You can pay cash, take out a mortgage, or use a company for a purchase. It is entirely up to you to decide.

Checkbook IRA LLC

A Limited Liability Company or LLC, is a legal structure that provides its owners with limited legal liability for their business actions and the resulting financial repercussions. In a Checkbook IRA LLC, the IRA serves as the sole proprietor of the business.

It has a wide range of advantages. It is common for investors to prefer the structure of an SDIRA because it allows them to act quickly on investment opportunities and accommodates their desire to hold a diversified portfolio.

Promissory Notes

The option to lend money is available for those with a Self-Directed IRA interested in a fixed-income investment. All sorts of promissory notes can be purchased with an IRA. Convertible notes, trust deeds, private credit funds and unsecured notes are all examples.

Managing your own IRA is entirely up to you. With the funds from your SDIRA, you can play the role of the lender if you like. You can use a self-directed IRA for private loans.

Vantage Gold IRA Fees

The Vantage Gold IRA setup fee is $50. This covers setting up and transferring your funds into the account. An annual maintenance fee of $100 covers the account's cost and any additional services you might need. The cost of holding precious metals IRAs begins at $225 per year.

If you choose to store your gold in an off-site storage facility, the storage fee is typically $125 per year. When buying or liquidating gold, you'll be charged a commission based on the value of the gold you're buying or selling.

The commission can range anywhere from 0.5% to 2%. In addition, there is a wire transfer fee of $30. If you need custom research or advice, there's a fee of $50 per hour. Finally, if you need to mail documents or gold, there's a fee of $30 per package.

Vantage Gold IRA Ratings

Vantage IRA customer ratings are consistently high, with hundreds of verified customer reviews across multiple platforms. Customers praise the company for their knowledgeable staff, competitive pricing and speedy customer service.

The Better Business Bureau (BBB) currently rates Vantage Gold IRA as an A+, the highest rating. This reflects the company's commitment to excellent customer service and ethical business practices.