Inherited IRA to Gold - My experience and some thoughts

Brian Edwards

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Inherited IRA to Gold - My experience and some thoughts

brian_edwards🌟Ultra (5m+)

about 8 hours ago

Key Takeaways

•Just closed out my inherited IRA and rolled a good chunk of it into a Gold IRA.
•Thought I'd share my experience and see if anyone else has gone through this, especially with the current market volatility.
•My uncle passed late last year and left me a pretty substantial IRA, about $1.2M.

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Just closed out my inherited IRA and rolled a good chunk of it into a Gold IRA. Thought I'd share my experience and see if anyone else has gone through this, especially with the current market volatility.

My uncle passed late last year and left me a pretty substantial IRA, about $1.2M. He was always a fan of diversified assets, and honestly, so am I. With my real estate developments here in Aspen, I've got plenty of exposure to that sector, but I've always liked having some physical metals in the safe as well. This inherited IRA felt like a good opportunity to rebalance a bit more into something tangible, especially since I already have a significant position in some copper and nickel mining stocks. After talking to my financial advisor, we decided to allocate about 40% of that inherited IRA ($480k) into a Gold IRA. I was primarily looking at American Gold Eagles and Canadian Maple Leafs, leaning heavily towards the Eagles for now. The process itself was pretty straightforward, surprisingly. The rollover took about three weeks from first call to confirmation of purchase, and the company I went with was pretty transparent about all the fees involved, which was a relief. Storage is vault-based, obviously, in Delaware.

My rationale for this move is pretty simple: inflation hedge, geopolitical instability, and a general distrust of how the Fed is handling things right now. I don't need this chunk of change for immediate liquidity, and I'm comfortable with the long-term play. It's a small but significant piece of my overall $5M+ portfolio, and it feels like a prudent move. Plus, it just feels right to hold a hard asset, especially coming from an uncle who lived through some wild economic times.

Anyone else here go through an inherited IRA to gold conversion recently? What were your thoughts on the process, and what kind of allocations did you make? Curious to hear if others are seeing similar value in this strategy. Or am I just getting too much altitude sickness up here?

5 comments

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Best Answer▲ 10 upvotes

timothy_reed💎Premium (500k-1m)

Dude, totally agree. I did something similar with an inherited 401k from my grandma a few years back, though nowhere near as big as your uncle's IRA! I rolled about $150k of it into a Gold IRA.

The peace of mind knowing a portion of it is in physical assets, especially with how bonkers things have been lately, is seriously priceless. Good on you for making that move!

Comments (5)

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

Dude, I just went through something super similar, though on a much smaller scale! My grandmother left me a traditional IRA and after seeing what the market's been doing, I seriously considered a gold IRA too. Ended up going with a mix of precious metals and some more conservative funds, but the thought of having something tangible like gold was definitely appealing. Glad to hear it worked out for you!

catherine_bell🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, thanks for sharing your experience! That's a pretty hefty sum to inherit, congrats (and sorry for your loss, of course). I'm curious, when you say "rolled a good chunk" into a Gold IRA, did you keep the rest in a traditional IRA, or move it somewhere else entirely? Just wondering how you diversified beyond the gold.

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

Interesting move, OP. While I get the appeal of gold for stability, especially with an inherited sum and market jitters, I can't help but wonder if you're potentially leaving some growth on the table. An inherited IRA already has specific distribution rules, and you're essentially trading traditional market exposure for physical asset exposure. Gold can be great for preservation, but it typically doesn't offer the same capital appreciation potential or dividends that a diversified stock portfolio could, even in volatile times. Did you look into other options for the inherited IRA, or was gold always the primary goal?

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Hey, thanks for sharing your experience! It's super helpful to hear real-world examples, especially with such a significant amount. I've been looking into something similar myself.

One thing I found really useful when researching was this rundown of IRA rollover rules. It's a bit technical, but understanding the direct vs. indirect rollover can save you some headaches (and potential taxes!). Good luck with your new Gold IRA!

timothy_reed💎Premium (500k-1m)Real Investor•less than a minute ago

Dude, totally agree. I did something similar with an inherited 401k from my grandma a few years back, though nowhere near as big as your uncle's IRA! I rolled about $150k of it into a Gold IRA.

The peace of mind knowing a portion of it is in physical assets, especially with how bonkers things have been lately, is seriously priceless. Good on you for making that move!

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