Custodian fees for precious metals IRA - what's everyone paying?
- •Diving into the weeds on custodian fees for my gold IRA and starting to pull my hair out a bit.
- •I’ve got about $300k in metals across a few different holdings, mostly sovereign coins and some PAMP bars.
- •I initially went with whatever custodian my local dealer recommended, which is Delaware Depository, and they've been fine, no complaints really.
Diving into the weeds on custodian fees for my gold IRA and starting to pull my hair out a bit. I’ve got about $300k in metals across a few different holdings, mostly sovereign coins and some PAMP bars. I initially went with whatever custodian my local dealer recommended, which is Delaware Depository, and they've been fine, no complaints really. But when I look at the annual statements, the fees always seem to sting a little.
I’m trying to figure out if I’m getting a fair shake on fees, or if I should be shopping around. I definitely value security and a good reputation – especially with something as important as my retirement nest egg. This isn't some fly-by-night operation to me; it's about preserving wealth for the long haul, much like how the good distilleries in Kentucky ensure their bourbon ages perfectly. I’m thinking about the legacy aspect, and I want a custodian that reflects that long-term stability.
What are folks on here typically paying for annual custodian fees on similar portfolio sizes? Are there hidden costs I should be looking out for? I know some companies have tiered pricing based on asset value, and others might have flat fees. I’m in Lexington, so physical access isn't really a dealbreaker for me, but peace of mind absolutely is. Thoughts?