Inherited an IRA, thinking Palladium - anyone done this?

James Wilson

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Inherited an IRA, thinking Palladium - anyone done this?

james_wilson👑Elite (1m-5m)

2 days ago

Key Takeaways

•My old man passed late last year, and I'm staring down a sizable inherited IRA.
•We're talking somewhere north of $800k, maybe closer to $900k once everything settles.
•Naturally, my mind immediately jumps to shoring up this inherited sum with something similar.

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My old man passed late last year, and I'm staring down a sizable inherited IRA. We're talking somewhere north of $800k, maybe closer to $900k once everything settles. I'm already pretty heavily weighted in precious metals through my own IRA and some direct holdings – been a core part of my portfolio since retiring from the Street in '08. Naturally, my mind immediately jumps to shoring up this inherited sum with something similar. The question rattling around in my head is: has anyone here taken an inherited IRA and rolled a significant portion into Palladium?

I know the usual suspects for precious metal IRAs are gold and silver, and I’ve got plenty of both. But I’ve been eyeing Palladium for a while now, especially with the supply chain issues and its increasing industrial demand. It feels like a more unique play for diversification within the metals space – less correlated to the classic gold movements in some ways, and with its own set of geopolitical risks that I, frankly, find intriguing. Plus, the current price point feels opportune, even if it's been volatile. I’m based in New York, and my usual precious metals dealer here offers Palladium IRA options through a custodian I'm familiar with, so logistics aren't a major hurdle.

What are your thoughts on an inherited IRA specifically for Palladium? Any specific custodians or dealers you'd recommend looking into for this kind of transaction, beyond the usual suspects? Are there any hidden tax implications or RMD quirks for inherited IRAs holding alternative assets like Palladium that I should be particularly aware of? I've got my wealth advisor on it, but I always value real-world experiences from people who are actually in the trenches with their money.
Cheers,
-A fellow metalhead

124

4 comments

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Best Answer▲ 6 upvotes

ruth_perez📊Growing (50-100k)

Hey, first off, super sorry about your dad. That's a tough one, and then dealing with the financial stuff on top of it all.

Funnily enough, I'm in a somewhat similar boat, though on a much smaller scale. Inherited an IRA from an aunt a few years back, and also already had a decent chunk in PMs. I actually did move some into palladium, though it was a smaller percentage than what you're talking about. It's been interesting to watch, definitely more volatile than gold or silver, but I'm happy with the decision. Good luck with whatever you decide!

Comments (4)

ruth_perez📊Growing (50-100k)•2 days ago

Hey, first off, super sorry about your dad. That's a tough one, and then dealing with the financial stuff on top of it all.

Funnily enough, I'm in a somewhat similar boat, though on a much smaller scale. Inherited an IRA from an aunt a few years back, and also already had a decent chunk in PMs. I actually *did* move some into palladium, though it was a smaller percentage than what you're talking about. It's been interesting to watch, definitely more volatile than gold or silver, but I'm happy with the decision. Good luck with whatever you decide!

michelle_collins🏆Advanced (250-500k)Real Investor•2 days ago

Hey, sorry to hear about your old man. That's a good chunk of change to be working with. I'm curious, when you say "heavily weighted" in precious metals, are we talking mostly gold and silver, or have you already dipped into palladium or platinum before with your own holdings?

michael_anderson🏆Advanced (250-500k)Real Investor•2 days ago

Hey, first off, sorry to hear about your dad. That's a tough one.

While I totally get the appeal of palladium, especially if you're already big into metals, have you considered how illiquid it can be compared to gold or silver? If you ever need to access that capital quickly, you might find yourself in a bind, and the bid-ask spread can be a killer. Might be worth weighing that against its potential upsides.

nancy_hall💰Established (100-250k)Real Investor•2 days ago

Hey, first off, sorry about your old man. That's a tough situation, but it sounds like he set you up pretty well.

Palladium is definitely an interesting one, especially with its industrial demand. Since you're already deep into precious metals, you might find this article on palladium's market dynamics and future outlook helpful for your decision-making: https://www.kitco.com/news/2023-12-18/Palladium-market-outlook-2024.html. Always good to have the latest info when making big moves. Good luck!

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