Gold IRA Fees and Costs
Understanding the fees associated with a Gold IRA is essential for budgeting and planning. Common costs include a one-time account setup fee, which covers paperwork and initial processing. You will also pay an annual custodian fee for account administration and reporting. Storage fees are charged by depositories to securely store your physical gold, with rates varying based on segregated or non-segregated storage. In addition, bullion dealers may charge a premium or markup above the spot price of gold when you buy coins or bars, and there may be shipping or insurance costs when metals are delivered to or from the vault. Always review fee schedules from potential custodians and dealers to ensure transparency and competitive pricing.