Inherited IRA and the Palladium Play - Anyone else considering?
- •Just wrapped up a discussion with my financial advisor here in Honolulu about my inherited IRA.
- •My uncle passed last year, bless his heart, and I’m sitting on about $350k of his old 401k, now an inherited IRA.
- •While the market has been… interesting… I’m feeling a familiar itch to diversify even further than my current (mostly gold) holdings.
Just wrapped up a discussion with my financial advisor here in Honolulu about my inherited IRA. My uncle passed last year, bless his heart, and I’m sitting on about $350k of his old 401k, now an inherited IRA. While the market has been… interesting… I’m feeling a familiar itch to diversify even further than my current (mostly gold) holdings. Been hearing more chatter about palladium, especially with the global supply chain stuff and continued industrial demand from Asia picking up. Given my portfolio is already close to 75% physical gold between my regular IRA and direct holdings, thinking about moving a decent chunk of this inherited IRA into palladium.
My advisor is, as expected, a little hesitant. He’s more of a traditional equity and bond guy, even though he helps me manage the gold. But looking long-term, particularly with the geopolitical climate shifting and what I see happening in the Pacific Rim economies, palladium feels like it could be a solid hedge. I’ve lived through enough market volatility from various postings to know that diversification isn't just a buzzword, it’s peace of mind. And frankly, with the inherited IRA, I’m looking at a 10-year payout window, so I don't need immediate liquidity from this specific bucket.
Anyone else here go the palladium route with an inherited IRA? What were your experiences? Did you face any pushback from your custodians or advisors? Also, I was poking around online and saw this Eligibility Checker tool for gold IRAs. Wondering if anyone has used something similar specifically for palladium IRAs, or if the rules generally just follow the broader precious metals IRA guidelines. Always good to double-check these things before pulling the trigger on a $100k+ move.