Choosing between Roth and Traditional Gold IRA for my late husband's legacy - Raleigh, NC investor

Betty King

Back to forum

⭕ Gold Rounds

Choosing between Roth and Traditional Gold IRA for my late husband's legacy - Raleigh, NC investor

betty_king📊Growing (50-100k)

about 1 month ago

Key Takeaways

•I've been working on getting my late husband's investments in order, and it's been...
•a lot, to say the least.
•He always handled everything, and now I'm trying to make sense of it all while also honoring his wishes for our future.

Get the free Gold IRA guide

I've been working on getting my late husband's investments in order, and it's been... a lot, to say the least. He always handled everything, and now I'm trying to make sense of it all while also honoring his wishes for our future. One thing I'm really grappling with is whether to go with a Roth Gold IRA or a Traditional Gold IRA for a portion of the portfolio. I'm looking at putting about $75,000 into physical gold rounds within the account, as he always believed in tangible assets, especially during uncertain times.

My financial advisor here in Raleigh has laid out the pros and cons for both, but honestly, it's just so much to take in. With the Traditional, I'd get the tax deduction now, which is appealing, especially since my income took a hit after Charles passed. But then I'm thinking about those distributions down the line and what the tax situation will be like then. The Roth, on the other hand, means no tax deduction now, but tax-free withdrawals in retirement. That sounds incredibly comforting, knowing that part of his legacy would be protected from future taxes.

I'm 62 now, and thankfully, Charles set us up well, so I'm not in immediate need of this money. The goal is truly long-term preservation and growth of this specific part of the portfolio. Are there any other widows or investors in a similar situation who have made this decision? What swung it for you? I'm trying to weigh the immediate tax relief against the future tax-free growth, and it feels like such a monumental choice, especially since it's about safeguarding what he worked so hard for.

Any insights, particularly from those who've navigated this with a similar portfolio size (50k-100k) or in a comparable life stage, would be incredibly helpful. I just want to make the right decision for us, and for his memory.

151

5 comments

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →

478 people viewed this today63 members requested a free kit this week94 investors bookmarked this

Best Answer▲ 16 upvotes

sandra_green📊Growing (50-100k)

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

Comments (5)

mark_adams👑Elite (1m-5m)Real Investor•about 1 month ago

Hey there, I just wanted to say I totally get where you're coming from. My mom went through something similar a few years back with my dad's estate, and the Roth vs. Traditional Gold IRA was a big sticking point for her too. It's tough navigating all this while grieving.

I don't have advice on which one to pick, but just wanted to offer some solidarity. It sounds like you're doing an amazing job honoring his memory and his financial foresight.

helen_turner💰Established (100-250k)Real Investor•about 1 month ago

Hey there, I'm so sorry for your loss. That's a lot to navigate, and it's really admirable that you're taking on his investments.

You mentioned "honoring his wishes for our future." Did he ever express a preference for how he wanted his investments handled, or any specific goals for them that might lean one way or another on the Roth vs. Traditional front?

maria_campbell📊Growing (50-100k)✓ Verified•about 1 month ago

Hey there. First off, so sorry for your loss. That's an incredibly tough situation to be navigating.

While a Roth Gold IRA definitely has its perks, especially with the tax-free withdrawals later, have you considered the immediate tax implications if you were to convert some of his existing traditional assets to a Roth? Depending on the size of his estate and your current income, that could be a significant tax hit upfront, which might be something to weigh against the long-term benefits. Just a thought.

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

I'm so sorry for your loss. It's completely understandable that this is a lot to navigate right now. For the Roth vs. Traditional Gold IRA, one thing that helped me understand the differences better was looking at the income limits for Roth contributions. Even though it's an inherited IRA, there can still be nuances depending on how it's being rolled over. The IRS website has some pretty clear guides on inherited IRAs and contribution rules that might give you a better picture of what's best for your situation. Stay strong!