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Last Updated on December 26, 2023
Considering the top gold custodian on the market? Look no further than Rosland Capital. It’s essential to confirm that Rosland Capital is genuine and not a fraudulent enterprise.
Rosland Capital is celebrated for its authenticity within the industry. As a long-standing precious metals dealer in the USA, they are known for maintaining high standards.
Although Rosland Capital has faced complaints over time, it’s crucial to mention that they also boast high ratings from the Better Business Bureau and the Business Consumer Alliance.
What is Rosland Capital?
Wondering what Rosland Capital is all about and whether they fulfill their promises?
While TV commercials may create a sense of legitimacy, a deeper investigation is required to determine the company’s true nature.
BBB Rating
Before we dive in, let’s take a look at their status with the Better Business Bureau other agencies…
Rosland Capital, a BBB-accredited business since 2008, is also a TrustLink and BCA member. These organizations ensure that companies conduct business ethically.
With a physical presence and open communication with customers, Rosland Capital has a 3.24 customer rating and an A+ BBB rating, making them a solid recommendation for potential clients.
How Does a Precious Metals IRA Work?
A precious metals IRA is a tax-deferred retirement plan that legally allows investment in precious metals. It operates similarly to a traditional IRA, with taxes due upon withdrawal.
One significant advantage of a precious metals IRA is the tax-free growth until retirement withdrawal. You can use your funds as desired and contribute annually without paying taxes. This investment strategy is safe and provides peace of mind.
How to Set up a Gold IRA with Rosland Capital
When initiating a gold IRA, explore all available options and associated expenses. You’ll also learn about suitable precious metals for your retirement plan.
IRA Setup
A representative will provide forms to complete and sign, establishing an agreement with the IRA administrator according to existing regulations.
Select Gold
Once the account is established, review the options for your Gold IRA.
Funding the Account
Add funds to your Gold IRA account via check or transfer. The funds will be used to invest in physical precious metals stored in Delaware on your behalf. Metals will be organized and stored separately.
Upon setup completion, annual fees must be paid to the IRA custodian (Equity Institutional) for storage and administrative work.
From age 72, you must begin taking minimum distributions. You can cash out investments or withdraw physical gold.
Should Put Your Money in a Gold IRA?
Individual Retirement Accounts (IRAs) protect your retirement and your family’s financial security. Long-term accounts should allocate a significant portion to stable and reliable assets for a secure and comfortable retirement.
Cash in an IRA may devalue rapidly due to inflation, so gold is adependable asset that retains and potentially increases in value over time.
A gold IRA investment thrives amid crises that negatively impact most other assets. As the global economy struggles with lockdowns, shortages, wars, and inflation, uncertainty is at an all-time high. Investors are safeguarding themselves by incorporating physical gold into their IRAs.
Understanding the economic risks and taking action to secure your financial future is essential, and a Gold IRA is an easy way to achieve this protection.
Fees With Rosland Capital
Rosland Capital has no hidden or additional fees. Costs are transparent and openly shared with clients, including expenses associated with setting up a Gold IRA.
A $50 setup fee and a separate $225 administration fee are required. Storage fees are typically paid separately.
For individual transaction fees, consult your assigned representative. A minimum deposit of $10,000 is necessary to start.
Rosland Capital Pros and Cons
Pros:
- Reputable and established: Rosland Capital has been in business since 2008 and is a member of TrustLink and the Business Consumer Alliance (BCA).
- High ratings: They hold an A+ rating from the Better Business Bureau (BBB) and a AAA rating from the Business Consumer Alliance.
- Comprehensive precious metal IRA services: Rosland Capital offers a full range of services for setting up and managing gold IRAs, including account setup, funding, and storage.
- Transparent fees: The company has no hidden or additional fees, with all costs openly shared with clients.
- Tailored investment portfolios: Rosland Capital customizes each portfolio based on clients’ needs and preferences.
- Positive complaint resolution: The Business Consumer Alliance report shows that all complaints have been resolved, with some clients receiving full refunds or adjustments.
- Physical gold investment: Rosland Capital only deals with physical precious metals, providing tangible assets to clients.
Cons:
- Customer complaints: Some customers have reported issues with overpriced coins, delivery delays, and unsatisfactory customer service.
- High minimum investment: Rosland Capital requires a minimum deposit of $10,000 to start, which may be too high for some investors.
- No interest or dividends: Gold IRA investments with Rosland Capital do not generate any income, as their value depends solely on market fluctuations.
- Strict storage requirements: Although customers can store precious metals privately, the IRS has strict regulations regarding third-party storage, which may be inconvenient for some clients.
- No paper assets: Rosland Capital does not deal with paper assets such as bonds or stocks, which may limit diversification opportunities for investors.
Complaints?
To gain a comprehensive understanding of a company, it’s crucial to examine the complaints lodged against Rosland Capital.
Common complaints include:
- Overpriced coins
- Delays in delivering purchased metals
- Subpar customer service
- Possessing gold while enjoying IRA tax advantages
There are also concerns about Rosland Capital’s delivery process taking longer than the promised 14 days, according to customers’ tracking information. This delay can hinder the growth and value addition of the investment.
Despite these complaints, Rosland Capital maintains its reputation for efficient deliveries, claiming to be twice as fast as its competitors.
The Business Consumer Alliance has awarded Rosland Capital an AAA rating—the highest available. The report also states that the company has:
- Received 13 complaints in the past three years
- Several 5-star reviews
- Settled $177,917 in disputes
- Resolved all complaints
The positive correlation between complaint resolution and customer satisfaction demonstrates Rosland Capital’s commitment to its customers and reasonable customer service.
The company addresses complaints and continually improves its operations, highlighting its dedication to detail and customer satisfaction.
Is Rosland Capital Legit or a Scam?
Based on our research, Rosland Capital is a totally legitimate company and not a scam. They have been in business since 2008 and hold an A+ rating from the Better Business Bureau (BBB) and a AAA rating from the Business Consumer Alliance (BCA). They are also a member of TrustLink.
Despite some customer complaints (who doesn’t have some customer complaints these days?), Rosland Capital has a history of addressing and resolving issues, as reported by the Business Consumer Alliance. The company offers comprehensive precious metal IRA services and is transparent about its fees.
While no company is perfect, the overall reputation and standing of Rosland Capital in the industry suggest that they are a very legitimate company. However, it is always advisable to conduct thorough research and consider multiple options before making any investment decisions.
Conclusion
This Rosland Capital review provides insight into the company’s offerings, including concerns about scams or unfair treatment when establishing a gold IRA.
As one of the most reputable options for investors, Rosland Capital’s network is among the industry’s best. As a registered business operating in the region, they grant access to all relevant information.
Gold investments continue to rise in value, making them an attractive alternative to bonds, stocks, or other assets.
Beginners should note that physical gold can retain its value for decades and perform well against inflation, unlike cash. This protection against political issues and economic market damage is invaluable.
Investing in a gold IRA with Rosland Capital could be a wise decision for securing your financial future, but of course you’ll need to consult with your personal financial advisor before making any investment decisions.
FAQs
- What is the recommended investment for precious metals?
Rosland Capital customizes each portfolio based on clients’ needs, ensuring a unique retirement plan. Investment percentages in precious metals may vary depending on individual preferences.
- Will you receive interest/dividends in a Gold IRA or precious metals IRA?
No income is earned from precious metals IRAs. The Gold IRA’s value will fluctuate based on market conditions.
- Will Rosland Capital hold the gold-related investments or just the gold?
Rosland Capital deals exclusively with physical precious metals, with no paper assets involved (e.g., bonds, stocks). Gold is purchased from the company and included in the Gold IRA.
- Can you store gold from Rosland Capital at home?
While you may store precious metals privately, the IRS has strict regulations regarding third-party storage. Due to Rosland Capital’s experience and top-notch security, it’s advisable to let them handle the storage.
- Is it possible to track each precious metal investment with Rosland Capital?
The value of gold and other precious metals changes throughout the day, making tracking difficult. Contact a Rosland Capital representative for up-to-date pricing.
