In this CheckBook IRA review, we take a look at the business, its offerings, what we liked, what we did not like and whether we would or would not use it to invest in gold or a gold-backed IRA.
Click here to learn more about which company ranks #1 in 2021
Who is CheckBook IRA?
Headquartered in the United States, CheckBook IRA currently has over 800 clients in 13 countries worldwide. Ever since its inception, the company has accumulated as much as 45,000 accounts under its name, and the numbers continue to rise.
Although CheckBook IRA is a notable investment company, it is not as well-known as some of the other big players in the industry. However, it is a company that that continues to provide quality products and services to clients and potential investors who are looking to maximize their profits and prepare for their retirement.
What Does CheckBook IRA Offer?
There are numerous services that this company offers, which cater to the needs of savvy investors. However, the primary field of expertise of this company is educating potential clients about various investment options, specifically in IRA’s.
If you lack the knowledge or understanding on this form of investment, then you can rely on their sales representatives, for information you need before getting started. Furthermore, you can visit their website for resources that will guide you, once you have arrived to a decision of opting for an IRA as one of your investment options.
CheckBook IRA provides additional services that go hand in hand with your investment options. For instance, you can count on storage service by this company, in addition to their IRA and gold 401K rollovers.
Unfortunately, you may not be too pleased about the amount you have to pay for its storage service. Unlike cheaper rates offered by other IRA companies, CheckBook IRA charges quite an expensive rate for storage, which may be one of the things that can hold back your decision of choosing to invest with them.
Things To Like About CheckBook IRA
There are several areas about this IRA custodian that you will appreciate. Some of these factors include the following:
1. Client Education
Since investing is not something to be taken lightly, it is important that you know where your money is going, before you decide to get the ball rolling. On their website you will find informative, videos, articles and testimonials that can really help guide a new investor. With CheckBook IRA, you can be sure you will obtain sufficient information that will equip you with everything you need before investing in gold.
2. Credibility
The company has been in the industry for more than 10 years, and it provides its services to the United States and several other countries worldwide. Thus, you can be sure that by choosing this financial firm, you are not dealing with a fly-by-night company for your investment.
3. Customer Service
Nothing can be more comforting than dealing with responsive and professional customer service representatives for any inquiries or concerns you may have about your account. To make it even better, each time you contact the company, every conversation will end up as expected – with your questions answered and issues resolved.
With excellent rating from the BBB, zero complaints filed by clients to this authority source, you have the assurance of working with experts in the field of investing.
Things NOT To Like About CheckBook IRA
It is only right that you look into both aspects of a company before you come up with the decision of choosing it to begin the investment process. While there may be several positive features of the company, there are also some less-than-perfect areas to consider including these:
1. Insufficient Company Details
Although there may be numerous positive features about the company, there are some areas that can be a source of concern for potential clients. For instance, there appears to be insufficient information on the history and background of the company.
This can be an alarming concern, since before you devote a chunk of your money to an investment firm you first need to be sure about its history and reputation.
2. Lack of Credible Ratings
Another issue that you may come across as you make a choice about investing with CheckBook IRA is the fact that it has not received any ratings from BCA and TrustLink. These are authority sources that people look rely on when they need to know more about businesses they plan to work with. Unfortunately, CheckBook IRA has zero information from these sources.
3. Hard-Selling Concerns
There have been plenty of complaints about the pushy sales and marketing staff members of the company. Hard-selling the company’s product and services may turn away potential investors who need accurate information without being forced to make a quick decision.
4. Expensive Storage Fees
Lastly, the storage fee offered is at $1,500 annually. This is very expensive since you can find other companies that only offer as little as $100 per year.
CheckBook IRA – IRA Fees
Initial Setup Fees | $115+ |
Annual Admin Fees | Not Disclosed |
Annual Storage Fees | $1500 |
Minimum Purchase Amount | None |
Preferred Depository | Home Delivery Only |
Rankings, Complaints and Customer Reviews
Better Business Bureau (BBB)
CheckBook IRA has received an impressive rating of A+ from the BBB. There were also no complaints against the company, and CheckBook IRA has been BBB- accredited since April 2006 (read more).
Business Consumer Alliance (BCA)
The BCA does not have any current ratings or customer reviews on CheckBook IRA.
TrustLink
There are no customer reviews posted on TrustLink.
Ripoff Report
There are no complaints filed or feedback given on RipoffReport.com.
CheckBook IRA Review – Final Thoughts
Although CheckBook IRA has fulfilled the demands of some investors by providing education and having a professional staff to answer questions, there are other factors to consider.
The main issues include the expensive cost of storage as well their representatives engaging in hard-selling of their company’s product and services. Moreover, their lack of reviews on the BCA and TrustLink is worrisome.
When choosing a company it’s important to look for high authority ratings and positive customer reviews. The more transparent a company is, the safer you’ll be when making any big financial decisions to do business with them.
Which Company Do We Recommend?
Official Website
Give them a call: 1-877-589-1223
In the end, what matters most is the company’s reputation, dependability and the number of satisfied clients through the years.
Goldco is one of today’s industry leaders and has received the highest ratings from the BBB, BCA and TrustLink. They are a practical IRA company to work with because of their reasonable rates for ancillary services and up-to-date market prices for all of their products offered.
For a full in-depth analysis of this company, check out this review of Goldco.
It’s great to know that you can count on professional and knowledgeable staff members who are always ready to support you when it comes to boosting the returns of your investment. If you’re interested in growing your assets by investing in gold and other precious metals visit Goldco or Call 1-877-589-1223.
Click Here for the Official Website of Goldco
- Editor Rating
- Rated 2 stars
- Poor
- CheckBook IRA
- Reviewed by:
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I’ve been a financial retirement planner for over 30 years and have been investing in gold, silver and other alternative investments since 2008. When I’m not spending time with my wife and 3 beautiful children, I am learning more about new emerging technologies such as the blockchain.
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