Inherited an IRA, thinking about palladium allocation – anyone done this?

Barbara White

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Inherited an IRA, thinking about palladium allocation – anyone done this?

barbara_white🏆Advanced (250-500k)

about 5 hours ago

Key Takeaways

•Okay, so my aunt passed away last year and left me a decent chunk of her traditional IRA.
•We're talking somewhere in the lower six figures, maybe $280-$300k once everything settles – still waiting on the final numbers.
•My initial thought was to just roll this inherited IRA into my existing precious metals IRA.

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Okay, so my aunt passed away last year and left me a decent chunk of her traditional IRA. We're talking somewhere in the lower six figures, maybe $280-$300k once everything settles – still waiting on the final numbers. I’ve had my own gold IRA for a while now, probably around $400k in it currently, and it's been a game changer for my portfolio stability, especially since I live in Portland where the housing market feels like it's constantly teetering on the edge of a cliff. I was a bank manager for years, and even though I saw a lot of different investments cross my desk, nothing gave me the peace of mind that physical precious metals do.

My initial thought was to just roll this inherited IRA into my existing precious metals IRA. But then I started thinking about diversification within the metals themselves. Gold's been good to me, but I've been reading a lot about palladium lately – its industrial uses, limited supply, the whole nine yards. It feels like it could be a really interesting play. Has anyone here converted an inherited IRA into palladium, or even just added a significant palladium allocation to their existing setup? I’m trying to weigh the pros and cons beyond just the typical "gold vs. anything else" talk.

I know the rules around inherited IRAs are a bit different, especially concerning RMDs and the 10-year rule, which complicates things when converting to physical assets. I've already talked to my custodian about the general process for moving the funds, but I'm looking for some real-world experiences specifically with palladium. What kind of percentages did you allocate? Did you run into any unexpected hurdles with custodians or storage fees for palladium specifically? I'm trying to avoid any surprises down the line.

Ultimately, my goal is to protect this inherited wealth and ensure it grows responsibly for the long term. My aunt was a very prudent investor, and I want to honor that by making smart, informed decisions. Any insights or advice from those who've navigated a similar path would be hugely appreciated. Is palladium really the next frontier for precious metals investors, or am I getting a bit too speculative here? Let me know your thoughts!

6 comments

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Best Answer▲ 19 upvotes

donald_nelson💎Premium (500k-1m)

Palladium's an interesting one, especially with the auto industry's volatility. My old man actually dabbled in it back in the early 2000s when the price spiked. He made a decent paper profit but ultimately got burned when the market corrected hard. Stick with gold and silver for the bulk of it; palladium's too much of a speculative play for an IRA, in my opinion, unless you're truly tracking industrial demand like a hawk.

Comments (6)

timothy_reed💎Premium (500k-1m)Real Investor•about 3 hours ago

Hey, totally get where you're coming from. My grandpa left me his Roth IRA a few years back, and I actually did something similar with a portion of it. Not palladium, but I ended up converting some of it into a silver IRA, adding to my existing gold. It felt like a good way to diversify within the precious metals space without entirely overhauling my strategy. Good luck with the decision!

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 3 hours ago

Hey, first off, sorry to hear about your aunt. That's a tough situation, but it's great you're thinking pragmatically about the inheritance.

You mentioned your current gold IRA is around $400k. Are you entirely in physical gold within that, or do you have other precious metals mixed in already?

sharon_evans💰Established (100-250k)Real Investor•about 3 hours ago

That's a pretty substantial inheritance, congrats (and condolences on your aunt). While palladium is interesting, I'm not sure I'd go all-in on it for a new IRA given its volatility. Have you considered splitting it between something more stable like platinum or even just adding more to your existing gold allocation? Diversification is key after all!

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•about 3 hours ago

Hey, first off, sorry to hear about your aunt. Glad to hear you're being proactive with the inheritance though!

Regarding palladium, it's definitely an interesting one. Since you already have a significant gold IRA, adding palladium could further diversify your precious metals holdings. Just make sure the palladium you're considering is IRA-approved (usually coins or bars with a certain purity). You can check out IRS Publication 590-A for the specifics on what's allowed in an IRA. Good luck!

susan_clark💰Established (100-250k)Real Investor•about 3 hours ago

I feel ya on the inherited IRA! My grandma left me a good chunk too, though not quite six figures. I also have a gold IRA already, and I've been eyeing palladium for a while now. I finally pulled the trigger on a small allocation last fall, maybe 5% of my total metals. So far so good, but it's definitely a longer-term play for me. Pretty interesting to diversify beyond just gold and silver.