Gold IRA tax advice from my accountant - thoughts?

• •Figured I’d share some of the high-level stuff he laid out and get some thoughts from others here.
• •Most of this was rolled over from a traditional IRA a few years back, so it’s all pre-tax.
• •He really hammered home that the Gold IRA, much like a traditional IRA, defers taxes on both the contributions *and* the growth.

Just got off a pretty detailed call with my accountant (been with us for decades, super sharp, especially with inherited assets and estate planning) regarding my Gold IRA. Figured I’d share some of the high-level stuff he laid out and get some thoughts from others here.

I’m sitting on about $350k currently, primarily in physical gold within the IRA, split pretty evenly between American Gold Eagles and PAMP Suisse bars. Most of this was rolled over from a traditional IRA a few years back, so it’s all pre-tax. The generational wealth aspect is huge for my family – staying solvent and passing things down wisely is basically drilled into you from birth growing up in Spokane with the timber business. He really hammered home that the Gold IRA, much like a traditional IRA, defers taxes on both the contributions and the growth. That’s massive for long-term compounding, especially with what gold’s been doing lately. He also touched on how distributions work once I hit retirement age – essentially, they’ll be taxed as ordinary income, just like any other traditional IRA distribution.

Where it got really interesting for me was the discussion on RMDs (Required Minimum Distributions). He reminded me that physically held precious metals still have RMDs applied to them just like any other asset in a traditional IRA. He recommended having a clear strategy for how those RMDs would be satisfied – whether it’s by selling a portion of the gold or taking distributions from other assets in my overall portfolio. He also briefly mentioned the possibility of a Roth conversion down the line, but we didn't dive too deep into the mechanics of converting physical gold yet, as the tax impact right now would be... substantial, to say the least, given my current holdings and income bracket. It's something to think about, perhaps for a smaller portion, or much further down the road if tax laws shift.

Anyone else have similar conversations with their accountants? Any insights beyond the standard tax deferral stuff that really made an impact on your strategy? I'm always looking for ways to optimize, especially when dealing with these larger, legacy-focused portfolios.