Custodian fees for Palladium IRA - what are you all paying?

Robert Thompson

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Custodian fees for Palladium IRA - what are you all paying?

robert_thompson💰Established (100-250k)

3 months ago

Key Takeaways

•Okay, so I've been looking at my quarterly statements for my Gold IRA, and decided maybe I should actually scrutinize the fees a bit more.
•Anyway, over the years I've added a fair bit of palladium to it, mostly through my previous custodian.
•Now that I'm fully retired and spending more time puttering around the house here in Phoenix, I've got more time to dig into the nitty-gritty.

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Okay, so I've been looking at my quarterly statements for my Gold IRA, and decided maybe I should actually scrutinize the fees a bit more. I rolled over part of my old teacher's pension into a Gold IRA after 2008 – watching the market crash just made me feel like I needed something more tangible, you know? Anyway, over the years I've added a fair bit of palladium to it, mostly through my previous custodian. Now that I'm fully retired and spending more time puttering around the house here in Phoenix, I've got more time to dig into the nitty-gritty.

My portfolio is sitting comfortably around the $150k mark, and from what I'm seeing, the custodian fees are starting to feel a little… chunky. I'm paying a flat annual fee of $250, plus a percentage fee on storage that works out to another $150 a year for the palladium specifically. It just feels like there might be better options out there, especially since I'm not planning on doing a ton of buying and selling frequently. It's more of a long-term hold for me.

So, for those of you with Palladium IRAs, what are you currently paying for custodian fees? Are you seeing flat fees, percentage-based, or a mix? Did any of you manage to negotiate lower fees, or find a custodian that truly offered competitive rates for palladium specifically? I'm curious if I'm just being cheap, or if others have found significant savings by switching. Any advice or experiences would be greatly appreciated!

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7 comments

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Best Answer▲ 14 upvotes

barbara_white🏆Advanced (250-500k)

Just started my rollover process last month. The paperwork alone almost made me quit lol.

Comments (7)

betty_king📊Growing (50-100k)•3 months ago

Man, I feel this so hard. I rolled over an old 401k into a Precious Metals IRA a few years back for similar reasons – the market just felt too wild. I definitely got caught up in the "gold is safe" hype and probably didn't dig into the custodian fees as much as I should have initially. Good on you for scrutinizing them now!

For palladium, specifically, I'm with [Redacted Custodian Name] and my annual fee is a flat [Redacted Fee Amount] no matter the value. It felt a bit steep when I first saw it but so far it's been pretty consistent. Curious to see what others are paying!

gary_stewart📊Growing (50-100k)•3 months ago

Hey, that's smart to scrutinize those statements! Especially after a rollover. You mentioned looking at your Gold IRA statements – are you actually holding palladium in that same IRA or are you just considering adding it? Curious about the fee structure differences if you're holding both.

charles_lewis💎Premium (500k-1m)Real Investor•3 months ago

Interesting point about the fees, but I've always wondered if focusing too much on the *exact* percentage of custodian fees for something like a Gold IRA is a bit of a red herring. I mean, we're talking about a long-term play here, right? If the metals do what we expect them to do over the decades, those custodian fees are going to be a pretty tiny blip in the grand scheme of things. Seems like the bigger concern is picking a reputable custodian that won't pull any shady stunts, rather than splitting hairs over 0.1% differences in fees.

nancy_hall💰Established (100-250k)Real Investor•16 days ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•16 days ago

Just started my rollover process last month. The paperwork alone almost made me quit lol.

joyce_cooper📊Growing (50-100k)✓ Verified•16 days ago

Been looking into this myself — the fees on some of these custodians are wild. Anyone found one that doesn't gouge you?

richard_garcia👑Elite (1m-5m)Real Investor•16 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

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