Allegiance Gold 2024 is a GOLD winner among the silver and gold IRA companies out there.
If your retirement goals placing your saving in a Gold IRA or in precious metals IRA, this company might be who you need.
Allegiance Gold was inducted into the Inc 5000 at number 749 in 2023 and their proved loyalty and top consumer advocate awards demonstrate that the company is not only reaching new highs but is also trustworthy.
Allegiance Gold invests heavily in training and education for its sales team.
By the end of this review, you’d know the following:
How the precious metals market work compared to other currencies- A detailed analysis of the services of Allegiance Gold
- Whether the IRA company is the right fit for you or not
- And, more!
There is a lot of research that you need in order to see if Allegiance Gold is the right fit for you.
Who is Allegiance Gold ?
Allegiance Gold offers you a robust way to diversity your wealth.
Allegiance Gold was founded in 2013 and is located in West Hills, California. This precious metals dealer, and Gold IRA company has bestowed upon itself the lofty proclamation of “#1 Trusted Gold Company in America”.
The Allegiance Gold catalog focuses mainly on investment-grade gold, silver, palladium, and platinum coins and bars that can be kept in a Precious Metals IRA Custodial services are provided by GoldStar Trust Company and Strata Trust Company. Vault storage is provided by Brinks Global and Delaware Depository.
Gold and silver represent some of the world’s most coveted physical assets, offering the flexibility to convert them into local currencies, regardless of your location. These precious metals hold immense value, ensuring easy conversion into cash.
Furthermore, gold and silver belong to distinct asset classes, making them valuable additions to a well-balanced investment portfolio. Their prices tend to rise significantly when the value of fiat currencies declines, even in challenging economic conditions.
Unlike traditional assets, such as stocks and bonds, gold and silver often move inversely to currencies like the US dollar. Thus, incorporating precious metals into your investment strategy can enhance the overall value of your portfolio when other assets may underperform.
The Significance of Gold in Your IRA
Individual Retirement Accounts (IRAs) play a pivotal role in securing your retirement and safeguarding your family’s financial well-being. These specialized accounts enable you to set aside tax-advantaged savings for your future needs.
In the context of long-term financial planning, it becomes imperative to allocate a substantial portion of your assets to stable and dependable investments, ensuring a secure retirement. While traditional cash holdings in an IRA may erode in value due to rapid devaluation and escalating inflation, gold stands out as a reliable asset.
In today’s world, marked by economic turmoil, supply chain disruptions, geopolitical tensions, and soaring inflation rates, uncertainty prevails like never before. Investors are increasingly turning to physical gold as a means to fortify their IRAs.
A gold IRA thrives during crises that adversely affect most other asset classes. Failing to act to safeguard your financial future in the face of economic perils is a risk, while taking the initiative to protect your wealth through a Gold IRA is an act of prudence.
Meet the Allegiance Gold Management Team
Allegiance Gold was co-founded by Mark Naaman, who serves as the company’s CEO. Alex Ebkarian, the co-founder, and Chief Operating Officer oversees client management and day-to-day operations. He holds a Bachelor of Science in finance from California State University, Northridge, and boasts over 15 years of experience in the financial services and investing sectors.
Mr. Ebkarian’s extensive background includes financing private equity organizations, venture-backed enterprises, and start-up businesses, contributing significantly to the success of his clients. Together, the management team is committed to the prosperity of Allegiance Gold.
Allegiance Gold Custodians and Storage
Allegiance Gold collaborates with two premier Self-Directed IRA precious metals custodians in the United States to manage your precious metals IRA accounts. Strata Trust Company and Goldstar Trust Company offer secure safekeeping services.
Precious metals purchased through Allegiance Gold find their home in IRS-approved storage facilities such as Delaware Depository and Brinks Global. These depositories are third-party storage facilities that guarantee the safety of your precious metals, fully insuring them against loss, damage, theft, and more.
Before financing a self-directed IRA with precious metals, you must decide on your preferred storage method. Allegiance Gold ensures that your valuable assets remain protected and accessible.
Allegiance Gold Products and Services
Allegiance Gold offers a wide range of products and services, with a primary emphasis on IRA-eligible bullion. Their offerings include various investment-grade coins and gold bars, in addition to a selection of silver and gold numismatics.
Some of the products available from Allegiance Gold include:
- Gold Canadian Gyrfalcon
- Gold American Buffalo
- Gold American Eagle
- Silver American Buffalo
- Palladium Canadian Maple Leaf
- Platinum Canadian Maple Leaf
- Platinum American Eagle
In addition to their product offerings, Allegiance Gold provides a complimentary Investment Guide to clients upon request, offering valuable insights into the world of precious metals investing.
Understanding the Functionality of a Gold IRA
A Gold IRA operates in a manner similar to a traditional IRA but offers greater control over your investments, including the option to include physical gold coins, bars, and other IRS-approved metals.
Like other retirement plans, you can contribute to your Gold IRA or Custom Precious Metals IRA and withdraw distributions in the future, just as you would with a standard retirement account.
IRA vs. 401(k)
Both IRAs and 401(k)s serve as vehicles to save for retirement while providing tax advantages through tax-deferred or tax-free growth. Contributions can be made to both types of accounts.
A traditional IRA allows you to invest before taxes, with gains growing tax-deferred. Taxes are only paid on your investment gains upon retirement. On the other hand, a 401(k) is an employer-sponsored retirement savings plan that enables employees to allocate a portion of their earnings pre-tax. Taxes are deferred until withdrawals are made, similar to a traditional IRA. Some employers offer matching contributions to 401(k) accounts.
Types of Gold IRA Accounts
Gold IRAs come in three primary types, each offering distinct tax benefits:
- Traditional Gold IRA: This tax-deferred retirement savings account functions similarly to traditional pre-tax IRAs. Contributions are typically tax-deductible, and gains and contributions grow tax-free.
- Roth Gold IRA: A Roth Gold IRA is an after-tax retirement savings account that mirrors a Roth IRA. Contributions do not provide immediate tax deductions, but the primary benefit lies in tax-free distributions during retirement.
- SEP Gold IRA: Self-employed individuals and business owners can opt for SEP Gold IRAs. These resemble traditional pre-tax IRAs in terms of tax treatment, but they come with higher contribution limits.
Understanding Rollover IRAs
Rollover IRAs are commonly used by individuals who change jobs or retire, necessitating the transfer of their 401(k) from a previous employer to a new financial vehicle. When leaving an employer, you typically cannot retain your 401(k) investments, as significant tax penalties may apply upon withdrawal.
However, you can seamlessly transfer your 401(k) balance to a traditional IRA, avoiding tax penalties. Traditional IRAs are funded with pre-tax funds, ensuring a smooth transition. If you choose to roll over retirement assets into a Roth IRA, which is not funded with pre-tax funds, some tax benefits may be forfeited.
The Case for Investing in a Gold IRA
Conventional financial institutions manage the average American’s IRAs, often comprising stocks, mutual funds, and bonds. These traditional assets offer no guarantees, subjecting investors to market fluctuations and uncertainties.
Mainstream media, government incentives, employers, and large financial corporations typically promote stock market and real estate investments as the primary wealth-building strategies. However, they tend to overlook the importance of precious metals as a means of wealth preservation.
Gold IRAs have a proven track record and have gained popularity for their stability in the face of volatile market conditions. Just as individuals carry insurance for life’s most critical aspects, including health and property, storing physical precious metals in an IRA is a prudent strategy for portfolio diversification.
A well-constructed portfolio incorporates precious metals to shield your investments from market crashes, inflation, deflation, and currency devaluation. In essence, a Gold IRA serves as insurance for your retirement funds, providing peace of mind.
Benefits of Gold
Gold holds a unique place in global history, valued for its longevity and cultural significance. Over millennia, people have held gold for various reasons. Here are some compelling reasons to include gold in your IRA today:
- Risk/Return Balance: Gold serves as a low-risk asset, offering a form of insurance and security in your portfolio, rather than solely focusing on profit generation.
- Geopolitical Uncertainty: Gold retains its value during periods of financial instability and geopolitical upheaval, earning the moniker “crisis commodity.” It often outperforms other investments when confidence in governments wanes.
- Personal Wealth: In an era marked by data breaches and cyberattacks, privacy is paramount. Physical gold can be exchanged globally, providing private, tangible, and portable wealth.
Reviews, Ratings, and Customer Satisfaction
Allegiance Gold has received top star ratings from satisfied clients and enjoys a strong reputation on customer rating sites like Trustlink. Clients have lauded the company for its professional guidance and support in navigating the world of precious metals investing.
In Conclusion
Whether you’re a novice or experienced investor, confidence in your investments is essential. Diversifying your portfolio with precious metals offers numerous advantages. By investing in precious physical metals through Allegiance Gold, a company highly regarded by both reputable consumer protection agencies and its clients, you can protect your wealth and retirement funds at every step of the journey. Trust in Allegiance Gold’s professionals to guide you towards a secure financial future.
