Inherited IRA to Gold - My Experience and Questions

Brian Edwards

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Inherited IRA to Gold - My Experience and Questions

brian_edwards🌟Ultra (5m+)

about 2 months ago

Key Takeaways

•Just walked in from the slopes and thinking about some portfolio moves.
•Been sitting on an inherited IRA from my uncle for about 5 years now, still pretty much in the paper assets he had it in.
•The thought of having that much concentrated in equities, even with an inherited account, just makes me feel… exposed.

See what your 401(k) could look like in gold

Just walked in from the slopes and thinking about some portfolio moves. Been sitting on an inherited IRA from my uncle for about 5 years now, still pretty much in the paper assets he had it in. My own money is heavily diversified, with a big chunk in gold and silver, especially after seeing the housing market shake-ups over the last few decades. The thought of having that much concentrated in equities, even with an inherited account, just makes me feel… exposed. My personal holdings are pushing 5M across various asset classes, and my metals alone are probably 1.5M of that, physical and through trusts.

My initial thought when I inherited it was to just keep it as is, play it safe since it was "found money" in a way. But the more I look at the global economic picture, the more I kick myself for not moving it sooner. I’m in Aspen, and everyone up here is talking about inflation and interest rates – it’s literally every other conversation at the club. Plus, with the amount I’m getting from ongoing real estate projects, capital preservation is becoming more critical than aggressive growth for a portion of my portfolio.

So, I'm seriously considering doing a direct conversion of a significant portion of this inherited IRA into a gold IRA. I'm talking a substantial amount, probably around $750k to start. Has anyone here done this with an inherited IRA specifically? I know the rules around inherited accounts can be a bit different, particularly with RMDs and whatnot. Are there any hidden pitfalls or tax implications with a direct rollover to physical precious metals that I should be aware of beyond the usual? I’ve already got a relationship with a solid custodian for my personal metals, but always good to hear others’ experiences.

I value stability and tangible assets, especially with the current economic climate. Real estate development has taught me the importance of having something real you can touch and verify. What are your thoughts on allocating this much of an inherited account into gold right now? Is anyone else feeling this pull towards more foundational assets with their inherited funds?

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Best Answer▲ 16 upvotes

ashley_baker💼Starter (0-50k)

Really valuable perspective. I'll definitely keep this in mind as I make my decisions.

Comments (10)

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

Hey, totally get where you're coming from. I went through something similar with an inherited IRA from my grandmother a few years back. Most of it was in some pretty dated mutual funds. I decided to roll a good portion into a Gold IRA myself, and honestly, the peace of mind has been worth it. The process was surprisingly smooth, but definitely do your research on custodians and fees. Good luck!

donna_rogers🏆Advanced (250-500k)Real Investor•about 2 months ago

Skiing and portfolio planning, sounds like a good day! Quick question – you mentioned your own money is heavily diversified "with a big chunk in gold and silver." Are you talking physical here, or something like GLD/SLV, or a mix?

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Hey, that's interesting you're looking to move the inherited IRA into gold, especially since your personal portfolio is already heavy in it. While it's great to have conviction in your assets, have you considered how much exposure you'd have to gold overall if you went through with this? Sometimes, being *too* concentrated, even in something you believe in, can introduce different kinds of risks.

It's always a good idea to weigh whether adding even more of a single asset class, regardless of how well it's performed for you, aligns with your overall long-term financial strategy for *all* your assets, not just one account. Just a thought!