Gold IRA minimums - is $25k enough?
- •Hey guys, Been lurking for a while and finally decided to post.
- •I'm an accountant here in Atlanta and have been seriously considering diversifying my retirement portfolio with a Gold IRA.
- •I’ve gone through all the tax implications and benefits – that part I totally get and it frankly looks really appealing for long-term stability.
Hey guys, Been lurking for a while and finally decided to post. I'm an accountant here in Atlanta and have been seriously considering diversifying my retirement portfolio with a Gold IRA. I’ve gone through all the tax implications and benefits – that part I totally get and it frankly looks really appealing for long-term stability.
My main question is around minimums. I’m sitting on about $100k in my current 401k and was thinking of rolling over maybe $25k-$30k to start. Would this even be enough to make it worthwhile for a Gold IRA? I’ve seen some companies advertising pretty low minimums, but then I also read stories about fees eating into smaller accounts. I don’t want to jump in and find out my initial investment is just getting swallowed by storage and maintenance costs.
For those of you who started with a similar amount, what was your experience? Did you regret not putting more in upfront, or was it a good entry point? I’m looking for a solid long-term hold, not trying to day trade gold here. Any specific custodian recommendations for someone looking to start around that $25k-$30k mark would be awesome too. Thanks in advance!