Fidelity Gold IRA Review

individual retirement account that allows investors to purchase and own physical gold as part of their retirement portfolio. The account can be either a Traditional IRA or Roth IRA and provides a convenient way to diversify a retirement portfolio and protect against inflation.

With a Fidelity Gold IRA, investors can purchase gold coins, bullion bars, and gold rounds. The gold must be stored in an IRS-approved depository or in the form of allocated or unallocated metal. When the gold is stored in an IRS-approved depository, it is insured by the Federal Deposit Insurance Corporation (FDIC). Investing in physical gold through a Fidelity Gold IRA provides investors with the potential to hedge against market volatility and inflation.

Official Website:  Fidelity.

The Product and Services offered by Fidelity

fidelity gold ira

Fidelity offers a diverse range of products and services to meet the needs of individual investors, businesses, and institutions. Their comprehensive list of offerings includes:

  • Precious Metals

Fidelity offers a wide array of products and services related to precious metals. Their team of experts is available to help their customers select the best precious metal products for their individual needs. They have a selection of coins, bars, and rounds from a variety of world-renowned mints, ensuring that you are able to find the perfect product to fit your budget, goals, and investment strategy.

  • Mutual Funds

Fidelity offers a wide range of investment products and services, including mutual funds. Mutual funds are a type of professionally managed investment that pools the funds of many investors to purchase a portfolio of stocks, bonds, or other securities. Investing in mutual funds can provide diversification and professional management, making them an attractive option for investors.

  • Exchange-Traded Funds

Fidelity offers ETFs from leading providers with a variety of asset classes, including stocks, bonds, and commodities. With Fidelity, investors can purchase individual ETFs or build a portfolio of ETFs to diversify their investments.

  • Individual Stocks+

Fidelity offers a variety of products and services to its clients, including individual stocks. With Fidelity’s diverse selection of stocks, clients can choose to invest in stocks issued by companies in various industries and markets worldwide. With Fidelity’s wide range of options, clients can build a portfolio of stocks tailored to their own financial goals and risk profile.

  • Traditional IRAs

Fidelity offers Traditional IRAs as a product and service to provide their clients with a tax-deferred retirement savings option. A Traditional IRA allows customers to save for retirement on a pre-tax basis, meaning their contributions are generally deductible from their taxes each year. This helps customers to accumulate more savings over time and gives them more freedom to make larger contributions to their retirement savings.

  • Fidelity Wealth Management

At Fidelity, they are dedicated to providing a comprehensive suite of Wealth Management products and services that are tailored to the individual needs of their clients. Their Wealth Management team will take the time to understand your specific situation and financial goals and then provide you with tailored solutions to help you reach them. Their services are designed to help you identify and manage risks, maximize investment opportunities, and facilitate long-term financial success.

How to open a Fidelity Gold IRA

buy gold at fidelity
Some of the options available for purchase at Fidelity.

Opening a Fidelity Gold IRA is an excellent way to diversify your portfolio and achieve long-term financial security. The process of setting up an account is simple and straightforward and can usually be completed in three steps.

Step 1: Open an Account

To open a Fidelity Gold IRA, the first step is to open a Fidelity IRA account. This can be done online by visiting Fidelity’s website and filling out the online application form. When completing the application, you will need to provide personal information, such as your name and address, as well as financial information, such as your bank account information, investment objectives, and tax filing status.

Step 2: Fund Your Account

The second step is to fund your account. You can make an initial contribution of $2,500 or more to your Fidelity Gold IRA and then add additional contributions. You can also roll over funds from an existing IRA or 401(k) into your Fidelity Gold IRA. The type of contribution you make will determine the amount you can contribute and the tax benefits you may receive.

Step 3: Invest your IRA

The third and final step in opening a Fidelity Gold IRA is to invest your IRA funds. You can choose to invest in gold coins and bullion or in gold ETFs, exchange-traded funds, and mutual funds. You’ll have access to research and expertise from Fidelity’s team of financial advisors, so you can make the most informed decision about your gold investments. Alternatively, you can work with one of Fidelity’s affiliated advisors who specialize in gold investing. This will help ensure that you get the best advice and guidance when deciding which gold investments to select.

Fees Associated with A Fidelity Gold IRA

Setting up a Fidelity Gold IRA can be an ideal way to diversify an individual’s retirement portfolio and add a layer of protection. Before investing in a gold IRA, it is important to understand all the associated fees and expenses that come with it. Below is a list of fees and expenses potential investors may encounter when setting up a Fidelity Gold IRA:

  • Setup Fees: Most IRA providers will charge a setup fee to open an account. This charge is usually a one-time fee and is applied to the account when it is first opened.
  • Annual Fees: These fees, typically charged every year, are associated with the maintenance of the account, as well as any additional services you may be utilizing. Depending on the type of Fidelity IRA you have, the annual fees can vary, so it is important to become familiar with the fees associated with your account. Common annual fees include a custodial fee, storage fees, and administrative fees, although some accounts may include additional fees.

Transaction Fees: They are charges that are incurred when executing a transaction with a broker or investment firm. Transaction fees can vary depending on the type of transaction, the amount being transacted, and the specific broker or investment firm. Generally, transaction fees include commissions, which are charged for buying and selling investments, and settlement fees, which are charged for transferring funds from o

Physical Gold Backed IRA Guide

Comparable to other pension plans, a gold IRA allows for more control over your savings by enabling you to acquire real gold bars and coins as well as other IRS-approved gems like platinum, silver, and cobalt.

With your Gold IRA, you can invest your life’s savings depending on a certain tax treatment (after-tax or pre-tax), just like with any other retirement account, and then draw payments in the long term. You will continue to select a beneficiary for your Custom Precious Metals IRA or Gold IRA, obtain quarterly reports, and sign in to see your balance online.

What Types Of Gold IRA Accounts Are There?

financial literacy

There are a limited number of account categories that each offer unique tax benefits, just like traditional retirement plans. The three different kinds of gold IRA accounts are as follows:

  1. Simplified Employee Pension (SEP) gold IRA: Entrepreneurs and independent contractors can open SEP gold IRAs. While the SEP Gold IRA offers larger contribution limits, it functions in the same way as a pre-tax regular IRA in that your deposits are not taxable. You can pay up to 25% of your revenue, or $53,000, and see which is lesser, as opposed to the $5,500 cap.
  2. A conventional gold IRA: Traditional gold IRAs function similarly to pre-tax classic IRAs in terms of taxation and are tax-deferred pension fund accounts. You won’t pay taxes on your investment or profits, and in most instances, you can deduct your contributions from your taxes. The IRS has set yearly contribution caps of $6,500 for people over 50 and $5,500 for those under 50. You will be liable for taxes on distributions from a pre-tax IRA after retirement.
  3. Roth Gold IRA: this one functions the same as any other Roth IRA and is an after-tax pension fund account. The key benefit of a Roth IRA would be that you will not be liable for any taxes in the future once you begin taking payouts during retirement, even though there is no advance tax rebate with Roth IRA contributions.

Is Your Account Legible?

The majority of retirement account types are eligible to move all or part of them into a Gold IRA in a stamp duty-free, penalty-free manner.

While there are no restrictions on rollovers for conventional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, these other plans, including Thrift Savings Plan (TSP),  403(b), 401k, and 457(b) can only be redistributed if the recipient is at least 59.5 years of age or has left their previous employer.

Apart from the annuity, which may be based on the contract, include a surrender price, the majority of assets can be surrendered on just a penalty-free, tax-deferred basis. Nonetheless, if there are any surrender fees, an expert in IRAs can help you find out.

How to Set Up A Gold IRA Account

Setting up a self-operated IRA and buying into precious jewels is a bit more intricate compared to setting up a Roth IRA or traditional IRA. To shed more light for you, here is everything you are required to do.  This information was taken on the guide on, a leading precious metals investing website.

gold bars

  1. Choose a Self-Directed Custodian

A self-directed account is taken care of by a custodian. These can be trust companies, banks, or other organizations accepted by the IRS. These custodians help stockholders to buy into other assets such as real estate and precious metals.

  1. Select a Precious Metal Broker

Choose a precious metals merchant next. To buy silver, gold, palladium, or platinum, you will request the IRA administrator to wire cash to the dealer.

You should perform your independent research before deciding on a dealer and purchasing valuable metals with money from your IRA. To aid in your search, it’s advisable to look for a broker who is a member of professional trade organizations like the (ANA) American Numismatic Association, (ICTA) Industry Council for Tangible Assets, or (PNG) Professional Numismatists Guild. Additionally, your IRA administrator may already have links with specific merchants; nevertheless, you must always undertake your own due diligence to verify their trustworthiness.

  1. Determine Your Preferred Products

Here, you might want to cooperate with your broker to decide which goods you want to purchase. There are numerous options to choose from.

  1. Select a Trustee

It is mandatory to have precious metals stored by an approved trustee or depository in the case of self-directed IRAs. Your administrator can suggest one for you or you can as well choose one which meets the requirements laid out by the Internal Revenue Code. It is important to note that you can never be allowed to keep your precious metals by yourself.

  1. You are Almost Done

After getting an administrator, a broker, and a trustee, you are ready to complete your transaction. The IRA administrator will deal with the payments while the broker will convey your metals to the trustee.

Financing Your Precious Metal IRA

After a successful application and the self-directed IRA running, financing is a very simple task. You can do that by any of the following means;

  • Rollover – you can have a direct rollover from a qualified pension plan funded to your IRA on a duty-free basis.
  • IRA Transfer – you can fund your new IRA by a transfer that is completed by filling out a transfer request form. This is from one IRA to another. This method guarantees a tax-deferred ground.
  • Cash Contribution – the custodian can take a cheque or a wire and fund your account with money. The taxable plan is dependent on the IRA account type. It may either be on an after-tax or pre-tax basis.

The only disadvantage of financing your IRA account is that you may not finance it with gold coins already in your possession since the U.S. authorities only accept particular bullion and gold coins to be deposited in IRAs.

diversified portfolio
A diversified portfolio is an absolute must for investors.

Pros and Cons of Gold IRAs

Just like any other type of investment, gold IRAs also have their fair share of merits and demerits as outlined below;


Investment diversification: Compared to standard assets, gold holdings might move in diverse ways. Therefore, gold gives investors a diverse investment option for their pension planning assets, potentially reducing the price risk associated with bonds and stocks.

Inflation protection; Gold is used by investors as a protection against inflation. Gold is a valuable commodity that has been used for hundreds of years, despite the fact that it does not always perform effectively as an appreciating asset.

Access; With your self-directed gold IRA account, you have a wider choice of other assets than with a Roth IRA.

Deposit of value: By controlling the supply, central banks can influence the worth of currencies. They have the power to print more money and fill the market with that too, which would fuel inflation. Because it is very scarce, gold has a value that transcends national boundaries.

Tax-protected investments: A gold IRA enables you to reduce your current or future tax burden.

What is a Home Storage Silver IRA?

Do you want to invest in silver? If yes, it is a good decision to make, especially because the value of silver increases over time. To make your investment more interesting, have you thought about physically holding the silver or any other valuable metals you invested into? Bringing home the silver, gold etc you purchased using your IRA is actually possible, but there are a lot of requirements you need to complete and high fees you need to pay, to make this a reality.

You might have watched or seen advertisements that claim that being the account holder, you own your IRAs custodian. Meaning, as the owner of the IRA, you can buy silver using the funds on your IRA, then keep the IRA assets at the safety of your own home or a safety box of any financial institution of choice.

If this is what you heard and unfortunately believed in, one thing you need to know is that in most cases, storing silver IRA at home may violate the rules set by the IRS.


IRS: What Do They Say Regarding Home Storage Silver IRAs?

The retirement account of an individual symbolizes the association between the IRS and the account owner him/herself. The only time you can take advantage of the tax benefits from IRAs is if you follow the policies set by the IRS for IRA.

Silver, gold and the rest of precious metals are considered as “collectibles” based on the Internal Revenue Code number 408. The regulations set by the IRS discourages account holders from keeping and holding collectibles, including silver, and other known unconventional assets like real estate.

Also be sure to check out our article on gold IRAs.

Penalties Involved When Starting A Home Storage Silver IRA

Opening a home storage silver IRA can probably equate to significant fees, taxes or penalties for the entire lifetime of your IRA.

Remember that the IRS gives huge importance to this action, so expect that if this occurs, they will not wait and for sure, they will act on it immediately.

Some of the penalties you need to be prepared are:

– Distribution penalties

– Income Tax Issues/Consequences

– Forbidden Transaction Treatment

– IRA Audits

What Are The Ads About Home Storage Silver IRAs?

There can be numerous ads on the internet that promote home storage for IRA accounts, they claim that it is a legal investment and something that IRA owners can do without troubles, unfortunately, most, if not all of the ads are misleading.

Economic uncertainty made home storage silver IRA popular, particularly for investors who do not have high tolerance facing risks. Ads are focusing more on the advantages of having full control over tangible assets.

Although home storage silver IRAs seem very interesting, you have to remember that it is not always okay and safe to do it.

Do not get so excited about this investment option, yes, it is economically convenient to physically hold onto your investment, but if you want to enjoy all the benefits from an IRA, you need to follow what the IRS requires.