Anyone using Equity Trust or Kingdom Trust for precious metals IRA? Favorable experiences?
- •Okay, so I've been with my current custodian for my Gold IRA for about six years now.
- •Rolled over the majority of my military pension and some other savings back then, ended up with about $750k in physical gold and silver, mostly gold.
- •I'm hitting that point where I'm starting to think about consolidating things or at least seeing if I'm getting the best deal.
Okay, so I've been with my current custodian for my Gold IRA for about six years now. Rolled over the majority of my military pension and some other savings back then, ended up with about $750k in physical gold and silver, mostly gold. It was a no-brainer with the geo-political instability I've seen over my career, and being out here in the Pacific and seeing how things really operate behind the scenes, it just made sense to have that tangible hedge. I'm hitting that point where I'm starting to think about consolidating things or at least seeing if I'm getting the best deal. Fees aren't terrible, but I'm always looking to optimize. I mean, who isn't?
I've been looking at Equity Trust and Kingdom Trust as alternatives. Heard decent things about both, but you know how it is – online reviews can be a mixed bag. For those of you with significant precious metals IRAs, say in the quarter-million to million-dollar range, what's been your actual, real-world experience with either of these? Specifically interested in their fee structures, ease of communication, and any hoops you had to jump through for distributions, should that ever come up. I'm not planning on touching this for a good while yet, but it's good to know the exit strategy isn't a headache.
Did anyone experience a noticeable difference in annual fees, storage costs, or transaction fees when switching? My current setup has a flat annual administration fee plus a tiered storage fee with Brinks, which adds up. Trying to get a clear picture of what those "transparent" fee schedules actually look like when you're moving a considerable sum. Are there any hidden charges that popped up after you signed on?
Living out here in Honolulu, I sometimes feel a bit disconnected from the main financial hubs, so reliable and responsive customer service is a big deal for me. Anyone have any horror stories or, conversely, glowing praise about getting issues resolved with either Equity or Kingdom? Or are there other custodians I should even be looking at that are particularly good for larger precious metals holdings?