Precious Metals IRA Fidelity Investments Review
Finding the right custodian for your precious metals IRA is extremely important with the constant threat of economic upheaval and hyperinflation which can wipeout your savings in a heartbeat.
If you’re looking to start a precious metals IRA Fidelity Investments is one of the many options you’ll have when looking for a custodian to manage your account and help protect your savings.
Fidelity is a well-known group primarily because of the wide variety of investment options they offer in addition to precious metals such as gold and silver.
However, if you’re interested in starting a precious metals IRA Fidelity may or may not be a good choice when it comes to protecting your savings.
Let’s get into this Fidelity Investments review and go over why that is.
As previously mentioned Fidelity has many, many investment options. If you’re looking to really diversify your investment portfolio this can be a good thing.
On the other hand, if you just want to protect your retirement savings in a precious metals IRA, Fidelity may not be your first choice since it isn’t their primary focus.
Here are a few of the investment options offered by Fidelity in addition to precious metals:
- Mutual Funds
- Sector Investing
- ETFs (exchange traded funds)
Something interesting to note is that Fidelity’s website states:
“Precious metals are generally not eligible to be held in other retirement accounts at Fidelity.”
This may make it hard, if not impossible, to have precious metals in the same IRA with other investment options.
Reviews and Comments:
Customer comments on Fideity are generally a mixed bag. There are a lot of people who love the company while there are those who hate it.
Let’s take a look at some of them.
This individual was impressed with Fidelity’s customer service:
“Especially compared with other banks that have given me the runaround or sent me to talk to someone else or fill things out online, my experiences at this Fidelity branch have been very smooth, and very humane.” – Alex J.
On the other side of things, here is someone who hates Fidelity’s customer service:
“FIDELITY IS HORRIBLE. WORSE CUSTOMER SERVICE I HAVE EVER SEEN.
I recently took a SONY 401 K and rolled it over to a Fidelity IRA. Went into a Fidelity office to complete the transaction by a 3 way conference call. Was told the transactions were completed, given a confirmation number and the stocks cashed out and money rolled over into the IRA.
Check my account a week later and still in stocks. No transaction was ever done.” – Dennis P.
In response to complaints about Fidelity’s customer service, one person had this to say:
“They provide guidance by appointment so the other hater reviewers should try showing up to their dentist or Gary Danko without an appointment.” – Jordan M.
Now let’s take a look at some of the various ratings that Fidelity has received.
- 3.5/5 – glassdoor
- 47/100 viewpoints
- 3.5/5 Yelp
- 3/5 Epinions (for their 401k services)
- 1/5 Consumer Affairs
Overall the scores tend to be pretty mediocre. This is probably due to the fact that most people seem to either love or hate Fidelity Investments as I mentioned before.
This review was pretty interesting due to the polarizing nature of Fidelity Investments. There have been a lot of great things said about them, and also a lot of terrible things said about them.
However, since this site is dedicated to helping you find the best company for a gold and precious metals IRA, Fidelity will be judged on that merit above all else.
That brings me to my final verdict for Fidelity Investments:
The reason I’m giving Fidelity Investments an average score is because gold and precious metals are just one of the many options to choose from.
While that may seem like a good thing, the lack of focus on the gold and precious metals market combined with the fact that precious metal IRAs must be kept separate from other investment options at Fidelity make it only average as far as gold IRA companies go.
For a purely gold and precious metals IRA, Fidelity may not be the best choice but there are other companies that focus much more heavily on the precious metals market that you may be interested in.
If you’re interested in starting your own gold IRA to protect your retirement savings from today’s volatile economy my highest recommendation is Regal Assets, a BBB accredited company.
In addition to having top scores with TrustLink and the Business Consumer Alliance, Regal Assets can show you how to rollover existing IRAs (such as a 410k) into a gold IRA without incurring any tax penalties.
Regal Assets can help you:
– Buy IRS approved gold
– Set up a self-directed IRA
– Store the gold in a secure location
For a limited time Regal Assets is offering a FREE gold IRA investment kit to help you learn how a gold IRA can protect your savings from being lost due to hyperinflation and the declining US dollar.
Click Here for more information on how to get your FREE gold IRA investment kit today.