Thinking about my kids' future with gold - anyone else?

Donna Rogers

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Thinking about my kids' future with gold - anyone else?

donna_rogers🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•It really makes you think about preserving something tangible.
•It's done pretty well, honestly, and it feels like a solid, unshakeable asset compared to some of the more volatile stuff out there.
•My kids are still really young, 5 and 7, so obviously retirement planning for them is a loooong way off.

See what your 401(k) could look like in gold

Been doing a lot of thinking lately about passing things down to the next generation, especially with the bourbon industry seeing so many legacy brands getting snapped up by big conglomerates. It really makes you think about preserving something tangible. I’ve had about 15% of my portfolio, roughly $60k-$75k, in a Gold IRA for the last five or so years – mostly American Gold Eagles and some Canadian Gold Maple Leafs. It's done pretty well, honestly, and it feels like a solid, unshakeable asset compared to some of the more volatile stuff out there.

My kids are still really young, 5 and 7, so obviously retirement planning for them is a loooong way off. But I'm starting to wonder if it makes sense to start a separate, smaller Gold IRA for each of them, funded annually with some contributions. Or maybe just buy physical gold outright – a few Krugerands or Sovereigns here and there – and store it securely outside of an IRA. The idea of them inheriting something with intrinsic, historical value that isn't just paper or a stock certificate really appeals to me. It's almost like a nod to the old-school way of doing things, which resonates with me given the business I'm in here in Lexington.

I know there are tax implications with either route, especially with physical gold outside a retirement account, but I’m more focused on the principle of it. I want to give them a head start and a hedge against future economic instability, something that represents a true store of wealth. Has anyone else gone down this road with their kids or grandkids? What did you choose and why? Any unforeseen issues or stellar advice you picked up along the way?

The thought of handing them a literal piece of history, something that has been valued for thousands of years, just feels right. It’s less about making them rich overnight and more about instilling a sense of financial prudence and giving them a foundational asset. Sometimes it feels like I'm overthinking it, but then I remember how quickly things can change, and having that stability just seems smart. What are your thoughts on this?

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5 comments

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Best Answer▲ 9 upvotes

thomas_walker🏆Advanced (250-500k)

Totally! Thinking about legacy is a big one. One thing I've found helpful for understanding how to pass assets like gold down without a huge tax hit later is looking into gift tax exclusions and estate planning in general. It's not the most exciting read, but knowing the rules can save your kids a headache (and some cash!) down the line. A good financial advisor focused on estate planning can be a lifesaver here.

Comments (5)

matthew_murphy👑Elite (1m-5m)Real Investor•about 2 months ago

Hey, totally get the sentiment of wanting to pass down tangible assets. It's a noble thought. But I gotta wonder, with gold, is it truly a "legacy" piece for kids in the same way a family business or property might be? It's easy to sell, sure, but it doesn't really *do* anything or generate income. Could that 15% be working harder for them in other ways by the time they inherit it?

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Totally! I've been on a similar wavelength. My dad, bless his heart, put some money into a mutual fund for me when I was born, and it's done okay, but nothing to write home about. Now that I have my own little ones, I've been eyeing gold as a more tangible, long-term asset to squirrel away for them. It just feels... more solid, you know? Less subject to the whims of the market. Good on you for thinking ahead!

daniel_wright💎Premium (500k-1m)Real Investor✓ Verified•about 2 months ago

That's an interesting point about the bourbon industry and legacy brands being acquired. It definitely highlights the importance of tangible assets for generational wealth. When you say 15% of your portfolio is in gold, is that specifically physical gold or does that include gold-related ETFs/stocks?

diane_bailey💰Established (100-250k)Real Investor•about 2 months ago

Totally with you on this. The "legacy" aspect is a huge draw for me too, especially with how volatile everything feels these days. I've been slowly building up a precious metals IRA for a couple years now, and it's less about trying to get rich quick and more about having a solid, tangible asset that isn't tied to the whims of the stock market or some corporate takeover. My aim isn't 15% like yours, but it's a significant chunk!

It's comforting to think that, whatever happens, there's a real, physical store of value there that can be passed down. Plus, as you said, it's just *different* from stocks and bonds. A nice diversification play and a hedge against the unknown.

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 →