Fidelity Gold IRA Review

Fidelity Gold IRA Review – Legit or Scam?

Looking to safeguard your retirement with a Fidelity Gold IRA? Discover how to integrate gold into your retirement strategy, navigate tax benefits, and understand fee commitments in our concise guide. We directly address your main concerns, providing the necessary steps and insights to make an informed decision without overwhelming you with jargon or unnecessary details.

What to Know About the Gold IRA by Fidelity

  • Fidelity offers a variety of gold IRA options compatible with both Traditional and Roth IRAs, with different tax implications and contribution rules, aimed at providing a hedge against inflation and diversifying retirement portfolios.
  • Fidelity’s broader investment landscape offers a wide range of options beyond gold IRAs, including bonds, ETFs, and digital currencies, emphasizing diversification across multiple asset classes and geographies to manage risk and improve potential returns.
  • The process to set up and fund a Fidelity gold IRA is simple and supported by robust customer service, with transparent fees including transaction and storage costs, but the platform may present some challenges for new users.

While you are here, check out my list of top rated gold IRAs.  You’ll see which one I personally chose to invest with.  (Yes, I’m a REAL gold IRA investor and show receipts!)

Discovering Fidelity’s Gold IRA Options

Fidelity gold IRA investment options

Fidelity provides a plethora of options for gold IRAs. You can invest in physical precious metals like gold bullion bars and Gold American Eagle coins, adding a golden sheen to your retirement savings. Fidelity’s gold IRA options cater to both Traditional and Roth IRAs, allowing you to hold physical gold or other precious metals in your retirement account.

Why is this significant? Well, gold is considered a safe investment, offering a hedge against inflation and economic uncertainty. Plus, it has the potential to deliver lucrative returns, making it an attractive addition to your retirement portfolio. But Fidelity’s gold IRA isn’t just about gold, as we’ll see next.

The Two Flavors of Fidelity Gold IRAs

Fidelity offers both Traditional and Roth gold IRAs, each with distinct tax implications and withdrawal rules. The Traditional IRA is funded with pre-tax dollars, potentially lowering your taxable income in the contribution year and offering you a current tax break. On the other hand, a Roth IRA is funded with after-tax dollars, enabling tax-free withdrawals.

But that’s not all. Here are some additional benefits of Roth IRAs:

  • Tax-free growth and withdrawals, given certain conditions are met
  • No minimum distributions required starting at age 72
  • Contributions can be made at any age, as long as you have earned income

These advantages make Roth IRAs a popular choice for retirement savings.

In short, the type of gold IRA you choose at Fidelity can have a significant impact on your tax liability and withdrawal rules in retirement.

Starting Your Gold IRA with Fidelity

The process to open a gold IRA with Fidelity is straightforward and online. You select the account type, provide your personal and investment details, and voila, you’re all set to start your gold investment journey. However, some customers may encounter challenges during the online account setup process, necessitating additional help from Fidelity’s customer service.

The good news? You can rely on Fidelity’s customer service for guidance through the process, ensuring a smooth account setup. So, whether you’re an experienced investor or a novice, opening a gold IRA with Fidelity is a breeze.

But investing in a gold IRA is just one part of the story. Let’s now turn our attention to the wider investment landscape at Fidelity.

Navigating Fidelity’s Investment Landscape

Diverse investment opportunities at Fidelity

Fidelity offers more than just gold IRAs. It’s a full-fledged financial services company offering a wide range of investment options. From small and large-cap funds to bond funds and index funds, Fidelity has got you covered, making it a one-stop-shop for your retirement strategies.

Fidelity also acts as an agent, facilitating precious metals transactions without taking positions in the precious metals market. This ensures that your assets are stored and insured at a Delaware-based corporation, FideliTrade Inc., offering you peace of mind. But that’s not all.

With planning and financial advice services, Fidelity supports a range of needs including wealth management, retirement and long-term care planning, thus enriching your investment journey.

Beyond Gold: Diverse Assets on Offer

While gold IRAs are an important part of Fidelity’s offerings, the company provides a broad array of other investment opportunities as well. Some of these options include:

  • Bonds
  • Fixed income
  • ETFs
  • CDs
  • Digital currencies

Additionally, they offer alternative investment options such as private placements in various sectors like private equity and real estate debt.

With Fidelity’s Sector and Industry ETFs, you can invest in specific sectors ranging from energy and biotechnology to chemicals. Plus, they offer credit-oriented investment products and liquid alternatives that bring additional diversification to traditional stock and bond portfolios. In short, Fidelity goes beyond gold to offer a diverse range of investment opportunities, helping you craft a well-rounded portfolio.

Crafting a Balanced Portfolio

Diversification is a fundamental principle in Fidelity’s investment strategy. By including a mix of stocks, bonds, and other investments, you can manage risk and potentially improve returns for a given level of risk. Fidelity suggests diversification across:

  • Market capitalization
  • Sectors
  • Geographies
  • Maturities
  • Credit qualities
  • Durations within each investment type

They also advocate for the strategic use of sector ETFs, such as exchange traded funds, to adjust the risk/reward balance within a diversified investment strategy.

Plus, there are alternative investments like mutual funds and the Fidelity® Wise Origin® Bitcoin Fund, providing high-risk-tolerant investors with exposure to bitcoin.

The Journey to a Gold-Backed Future

Funding options for Fidelity gold IRA

How can you start your investment journey with a Fidelity gold IRA? It’s a simple, four-step process:

  1. Open an account
  2. Fund it
  3. Purchase precious metals
  4. Store your assets in a secure depository.

This four-step process guarantees the safety and security of your investment, laying a strong foundation for a gold-backed future. Now, let’s delve deeper into funding your golden nest egg with gold coins and selecting precious metals products.

Funding Your Golden Nest Egg

The process to fund a Fidelity gold IRA is simple. You can fund your account through a fresh cash purchase or deposit, rollover from a company-sponsored plan like a 401(k), or an IRA transfer from an existing Fidelity retirement account.

For instance, if you’ve left employment, you can perform a direct rollover from your 401(k) to fund your gold IRA. Or, if your plan allows it, you can take an in-service withdrawal before retirement. This flexibility in funding options makes it easy to start investing in a gold IRA with Fidelity.

Selecting Precious Metals Products

Precious metals products for Fidelity IRAs

After funding your account, the next step is to buy precious metals. Fidelity offers various precious metals products for your IRA through partnerships with FideliTrade. These include bullion and coins, allowing you to diversify your precious metals investments.

However, it’s important to remember that investing in gold and precious metals, including silver platinum and palladium, through a precious metals investment company involves certain restrictions and the market can be extremely volatile. Therefore, you should thoroughly consider the suitability of these investments, including precious metals sales, for your individual retirement accounts.

Fidelity’s Fees and Charges Decoded

Fidelity’s gold IRA fee structure is transparent. The fee structure includes no account opening fee, a transaction fee for precious metals, and a quarterly storage fee.

Understanding these fees can help you make an informed decision and ensure that there are no surprises down the road. So, let’s decode these fees, shall we?

Understanding Transaction Costs

The transaction fee for precious metals at Fidelity is a minimum of $44 per transaction. This applies whether you’re buying or selling physical metals. The fee varies based on the total investment amount, ranging from 0.99% to 2.9% for trading precious metals. Also, keep in mind that the minimum investment amount required for a precious metals transaction at Fidelity is $2,500, though this is reduced to $1,000 for IRAs.

Quarterly Custody Expenses

In addition to transaction costs, Fidelity charges a quarterly storage fee for precious metals. This is 0.125% of the total value or a minimum of $3.75, whichever is greater.

This fee goes towards securing your precious metals at Fidelity’s insured storage facility, FideliTrade Inc., which boasts robust insurance coverage at Lloyds of London against theft and disappearance.

My Personal Experience with Fidelity Gold IRA

After discussing the technicalities of a Fidelity gold IRA, let’s explore my personal experience. My journey with Fidelity’s gold IRA has been quite rewarding, with professional assistance and support throughout the investment process. The overall satisfaction rate among individual investors, including myself, is high, a testimony to Fidelity’s commitment to customer service.

The user-friendly account setup, low minimum investment requirement, and the insured storage facility for assets have all contributed to my satisfaction with Fidelity’s gold IRA. Now, let’s dive deeper into my experience with Fidelity’s customer support and investment platform.

Customer Support When You Need It

The customer support at Fidelity is:

  • Supportive and professional
  • Always ready to help, whether you’re navigating the account setup process or have a query about your account
  • Available 24/7 through live chat support, so help is always just a click away.

This level of customer support plays a vital role, especially for those who are new to gold IRAs. It ensures that you have the necessary guidance and assistance at every step of your investment journey, making the entire process smooth and hassle-free.

Navigating the Investment Platform

Fidelity’s investment platform is user-friendly and equipped with tools and features that simplify the investment process. For instance, the IRA contribution calculator tool helps with financial planning, allowing you to calculate the amount you can contribute based on specific details.

However, the platform isn’t without its challenges. Some users, especially new ones, may find Fidelity’s website confusing due to its expansive variety of services. Additionally, some users have reported issues with the Fidelity mobile app, such as slow performance and unexpected logouts.

Despite these minor hiccups, Fidelity’s platform remains a reliable and efficient tool for managing your gold IRA.

Fidelity’s Reputation Among Investors

Generally, Fidelity holds a positive reputation among investors. With over 43 million satisfied account holders and an A+ rating from the Better Business Bureau, it’s clear that Fidelity has carved out a niche for itself in the financial services industry.

However, like any other company, Fidelity isn’t perfect. Some customers have criticized their customer service, pointing out a lack of proper training and knowledge among representatives. There have also been issues with customer service follow-up and problem resolution. But despite these criticisms, Fidelity’s standout features like investment support, extensive presence, and solid track record reinforce a favorable view of the company.

TrustPilot and BBB Speak

Customer ratings on TrustPilot and the Better Business Bureau offer valuable insights into user sentiments and experiences. Fidelity, for instance, has earned an A+ rating from the BBB, indicative of a positive track record in customer service and business practices.

However, on TrustPilot, Fidelity has a rating of 1.3 out of 5, reflecting a mix of customer experiences. While some customers have had positive experiences, others have faced challenges, highlighting the need for continued improvement in customer service.

Advantages and Drawbacks: A Balanced View

Just like any investment option, Fidelity’s gold IRA has its own set of advantages and disadvantages. On the bright side, there’s:

  • 24/7 live chat support
  • No account opening fee
  • Timely news and investment insights through newsletters
  • An IRA contribution calculator tool
  • A low minimum investment requirement of $2,500

On the flip side, first-time investors might find Fidelity’s website confusing due to its expansive variety of services. Also, the limited selection of precious metals for investment could restrict your diversification options.

The Bright Side of Fidelity’s Gold IRA

Security vaults for Fidelity gold IRA

24/7 live chat support is one of the significant advantages of Fidelity’s gold IRA. This ensures that you have access to assistance anytime you need it, enhancing your investment experience.

There’s also no account opening fee for a precious metals IRA with Fidelity, making it more accessible for investors. The low minimum initial investment requirement of $2,500 is another plus, especially for individuals looking to start with a smaller amount. Add to this the timely news and investment insights through Fidelity’s newsletters, and you have a gold IRA that packs a punch.

Considerations Before Investing

Despite its advantages, there are certain factors to consider before investing in Fidelity’s gold IRA. First, Fidelity offers a limited selection of precious metals for investment. If you’re looking to diversify your precious metals investments, this could be a limitation.

New users might also find Fidelity’s website a bit confusing due to the expansive variety of services. However, with time and the help of Fidelity’s customer support, you can navigate the platform with ease.


In conclusion, Fidelity’s gold IRA offers a robust and diverse investment option for your retirement savings. With the ability to invest in physical precious metals, a wide range of other investment options, professional customer support, and a user-friendly platform, it makes for a compelling choice for anyone looking to diversify their retirement portfolio.

However, as with any investment, it’s important to do your due diligence and understand the pros and cons. While Fidelity’s gold IRA has its advantages, it’s not without its challenges. But with a clear understanding of these, you can make an informed decision that best aligns with your financial goals and risk tolerance.

Frequently Asked Questions

Can you buy gold IRA Fidelity?

Yes, you can buy a gold IRA from Fidelity, but you can only hold Gold American Eagle and Gold American Buffalo coins in your retirement portfolio due to federal laws and restrictions.

What is the best gold IRA?

Goldco is considered the best overall gold IRA company with an outstanding track record, top ratings, and robust educational content, including an A+ rating from the Better Business Bureau, AAA rating from Business Consumer Alliance, and an excellent Trustpilot rating.

Are gold IRAs a good idea?

Investing in a gold IRA can be a good idea for diversifying your investment portfolio and protecting your savings from inflation. However, it may not be the best choice for those seeking high returns in the short term.

Does Fidelity have a gold fund?

Yes, Fidelity offers the Fidelity® Select Gold Portfolio.

What types of gold IRA accounts does Fidelity offer?

Fidelity offers a Traditional IRA and a Roth IRA for gold investments.

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Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.