Inherited an old IRA, was thinking about rolling it into physical gold. Anyone have experience?

Christopher Young

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Inherited an old IRA, was thinking about rolling it into physical gold. Anyone have experience?

christopher_young🌟Ultra (5m+)

about 9 hours ago

Key Takeaways

•My uncle passed away late last year, good guy, always invested super conservatively.
•Maintained a traditional IRA his whole life, mostly in bonds and a few blue-chip dividend stocks.
•I’m the sole beneficiary on it, and it’s sitting at just over $700k.

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My uncle passed away late last year, good guy, always invested super conservatively. Maintained a traditional IRA his whole life, mostly in bonds and a few blue-chip dividend stocks. I’m the sole beneficiary on it, and it’s sitting at just over $700k. I’ve already got a pretty significant physical gold and silver stack here in Scottsdale – probably 15% of my overall portfolio which is well north of $5M – so naturally, my mind immediately went to converting a good chunk of this inherited IRA into a Gold IRA.

My own Roth and 401k are diversified, but for this inherited portion, I’m leaning heavily into tangible assets. I’m an entrepreneur, so I'm used to making decisions, but navigating the inherited IRA rules and then pairing that with precious metals custodians has me thinking. The RMDs are definitely a factor, but honestly, having that much more physical wealth outside of the traditional financial system feels right to me right now.

I’m curious if any of you have gone through a similar process – inheriting an IRA and then rolling it into a Gold IRA? What were the biggest hurdles you faced? Did you find a custodian that was particularly responsive or easy to work with for the physical allocation? Are there any hidden fees or issues with storage that caught you off guard? Trying to gather as much real-world experience as possible before I pull the trigger on this. Appreciate any insights.

3 comments

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Best Answer▲ 10 upvotes

robert_thompson💰Established (100-250k)

That's a nice chunk of change to inherit, congrats (and sorry for your loss). Before you jump straight into rolling it all into physical gold, have you considered the tax implications of an inherited IRA, especially if you're not a spouse? It can get a bit complex with RMDs and the 10-year rule, depending on your situation. Physical gold in an IRA also often comes with custodian fees that can eat into your returns. Just something to think about beyond the "gold is gold" argument.

Comments (3)

nancy_hall💰Established (100-250k)Real Investor•less than a minute ago

Hey, totally get where you're coming from. I was in a similar boat a few years back when my grandma passed and left me her Roth. Hers was in some pretty standard mutual funds. I decided to roll a portion of it into a Gold IRA myself, keeping some in the market too for diversification. So far, no regrets. It's nice having that tangible asset.

dorothy_lopez💰Established (100-250k)Real Investor•less than a minute ago

Hey, that's a pretty substantial amount! Congrats on being the beneficiary. When you say "physical gold," are you talking about an actual physical Gold IRA where you own the bullion, or are you considering something like a gold ETF within the IRA? The storage and insurance for actual physical gold can be a bit different, so just curious which route you're leaning toward.