Finding an alternative IRA service provider who can help you manage retirement funds through various alternative assets is challenging. There are two good providers to consider in Regal Assets and Alto.
These two providers are different, as Regal Assets focuses on precious metals and cryptocurrencies with their Regal IRA. Alto is about cryptocurrencies with their Alto CryptoIRA. And alternative investments, such as real estate, private companies, and digital currencies with their Alto IRA. We will focus on Alto's CryptoIRA product and service for this article.
You’ll find many things of value in these two groups, if you are seeking greater control and flexibility in your retirement investing journey.
About the Companies
First, let’s look at Regal Assets. Regal Assets was formed in 2009 in Beverly Hills as a group that can help people invest in precious metals for their IRAs. The group became the first to offer cryptocurrency support for IRAs in 2017.
Alto CryptoIRA is a Nashville-based company that was formed in 2018 as an offshoot of Alto IRA, a group established in 2016. Alto CryptoIRA offers support for IRA holders with hundreds of currencies available to hold.
Both organizations work as custodians for alternative investments people can use for their IRAs. You can open a self-directed IRA with either of these groups to expand upon what you can handle for retirement savings.
What Assets Can You Use?
Regal Assets supports twenty different cryptocurrencies for your IRA, including Bitcoin, Ethereum, EOS, Dash, and Litecoin. You can also contact Regal for details if you want to invest in another currency Regal doesn’t list on its website. There are no limits to what Regal assets crypto options you can handle, but you might require extra work to access some.
Regal also supports precious metals, as you can acquire various gold, silver, platinum, and palladium materials. Regal will hold your metals in a secure off-site location to protect your assets.
Alto CryptoIRA supports more than two hundred cryptocurrencies. Your Alto IRA custodian can support many currencies from 1INCH to Jasmy to Horizen. The team at Alto will help you learn about these currencies and how they work before you invest in them.
Alto has a partnership with Coinbase, one of the world’s top crypto exchanges. You can use the Coinbase platform to acquire and sell your coins for your IRA.
Both of these IRA custodians offer various security measures to ensure your investments stay safe. All Regal assets gold investments and other precious metals stay in private vaults under strong security. Regal uses a segregated gold IRA vault storage for clients as a method of ownership, where the gold must be stored in approved 3rd part depository per IRS requirements.
As for Regal Assets cryptocurrency deals, Regal keeps all currencies stored in a cold storage environment to prevent your data from being exposed online. An industrial-grade SSL server works when you’re getting your Regal Assets cryptocurrency transactions up and running.
An Alto IRA crypto fund will also use a cold storage platform for protecting your crypto access data. It also uses government-grade SSL encryption protection to ensure your funds remain safe.
Alto also works with Coinbase to ensure your transactions stay safe. Coinbase holds crime insurance to ensure you are safe from losses from theft or cybersecurity breaches.
Alto CryptoIRA provides insurance of up to $250,000 on all cash in your IRA. Regal Assets has up to $2 million in insurance protection for crypto IRAs. Lloyd’s of London provides insurance for Regal’s IRAs.
What Charges Can You Expect?
Regal Assets IRA does not charge setup fees, which is very convenient. But Regal does charge a $250 annual fee to cover administration costs and storage. You must also invest at least $15,000 in your IRA.
Your Alto self-directed IRA does not entail custody or account fees, but there is a trading fee of 1 percent of each transaction you complete. You can also start your IRA for less money, as the group requires a minimum investment of $10.
How to Fund Your Account
Both of these groups make it easy for people to start their accounts. First, Alto CryptoIRA can help you start by transferring funds from an older retirement account, or you can use cash from another bank account.
The setup wizard will help you get your Alto Roth IRA or traditional IRA ready. You can choose between these two IRA options when getting started. You can check an Alto IRA review from the group to see what makes these work and determine which fits your needs.
For a Regal Assets gold IRA or crypto IRA, you can use a direct bank transfer or a transfer of funds from an older IRA or 401(k) to your account.
The official Regal Assets BBB report lists Regal as having a C+ rating, plus it is not accredited. Some customers have expressed concerns over how their metal assets work. Regal also reports a five-star rating with more than 1,800 reviews on the review website BirdEye.
The Alto CryptoIRA BBB report is better, as people have left better Alto IRA reviews with the BBB. The company has an A+ rating with the BBB but is also not accredited.
Both of these groups have various support services for clients. Regal Assets has a phone line you can contact for further information on how the team works. You can also order a free starter kit from Regal online to help you learn how to get your self-directed IRA ready.
Alto CryptoIRA has an online database to help you learn how to invest in cryptocurrencies and how your account will work. Alto also offers an online form where you can submit a question for review as necessary.
Which Is the Best Option?
The best choice for a self-directed IRA service provider will vary on your unique needs. If you are interested in investing in unregistered securities, then both have different offerings for this market.
Alto CryptoIRA offers support for more currencies, plus it provides a convenient database to help you understand how to manage your funds. Meanwhile, Regal Assets can help you with gold and crypto investments and offers more security and insurance for your investing needs.
If you want to invest in a wider variety of alternative investments, such as real estate, farmland, loans, digital currencies, private equity, and securitized collectibles, then Alto's other IRA product called Alto IRA could be a better fit for your needs.
Whatever the case, both of these groups will be convenient and helpful for your IRA needs. Be sure to see how well these two entities can help you with your self-directed IRA plans.
What cryptocurrencies are available for your self-directed IRA?
While you can find thousands of cryptocurrencies on today’s market, you’ll likely find a few dozen through a typical custodian. But some groups might accept requests for certain currencies.
What types of IRAs can you open through a self-directed IRA custodian?
You can order a traditional or Roth IRA through most custodians. Some groups can also support SEP IRAs for people who work for smaller businesses.
Risk Disclosure: Any investments, such as cryptocurrencies and precious metals, come with an inherent risk, where you could end up making less money than what you put in. Before investing your hard-earned cash, be sure to speak with licensed professional financial advisor first. Always remember that past performance is not an indication of future returns.
Disclaimer: The website's owners of Cryptowealthbay.com may be compensated for suggesting certain businesses, goods, and services. While we do everything possible to verify that all of our content is accurate, the information we provide may not be impartial or unbiased, and it does not constitute financial advice.