My Roth Gold IRA Experience - Did I Make The Right Call?

Janet Cook

Back to forum

🧱 Silver Bars

My Roth Gold IRA Experience - Did I Make The Right Call?

janet_cook📊Growing (50-100k)

about 10 hours ago

Key Takeaways

•Okay, so I've been running my jewelry store here in Providence for going on 25 years now, and I practically live and breathe precious metals.
•I've got a good chunk of my personal savings in gold and silver, always have.
•A few years back, when I decided to roll over about 75k from an old 401k into a Gold IRA, I wrestled with the Roth vs.

Download the free rollover checklist

Okay, so I've been running my jewelry store here in Providence for going on 25 years now, and I practically live and breathe precious metals. I've got a good chunk of my personal savings in gold and silver, always have. A few years back, when I decided to roll over about 75k from an old 401k into a Gold IRA, I wrestled with the Roth vs. Traditional decision for ages.

Ultimately, I went with the Roth Gold IRA, converting those funds. My logic at the time was that with gold (and silver, which I also hold a good amount of outside the IRA) being a long-term play, and with my income likely higher now than it will be in retirement, paying the taxes upfront made sense. I figured the potential for tax-free growth on my actual physical gold and silver bars and coins was a huge advantage down the road. I'm 55 now, so I'm looking at another 10-15 years potentially before I start drawing anything.

I've seen some decent appreciation on my holdings, especially with silver bars getting some traction lately. The account itself is managed by a custodian, and I store the physical metal at a depository just outside of Boston. It’s comforting knowing it’s there, tangible, and not just numbers on a screen. But occasionally I wonder, did I miss out on the immediate tax deduction of a Traditional Gold IRA? That 75k would've been a nice deduction that year.

For those of you with Roth Gold IRAs, are you happy with your choice? Did anyone here go Traditional and have any regrets, or are you loving the deferred tax benefits? I literally talk about ounces and karats all day, but when it comes to the retirement account structure, there's always that nagging "what if."

4 comments

Considering a Gold IRA for your retirement?

Get a free info kit from a top-rated company — trusted by thousands of investors.

Under $100k? Compare options →

61 people viewed this today7 members requested a free kit this week11 investors bookmarked this

Best Answer▲ 9 upvotes

charles_lewis💎Premium (500k-1m)

This is so relatable! I'm in a different line of work, but I also felt that pull towards precious metals for my retirement. I'd been watching the market for ages and just felt like it was the right move for my IRA, especially with all the economic uncertainty. Ended up making a similar call a couple of years ago. So far, so good!

Comments (4)

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

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

Interesting! So, you rolled over the 75k from an old 401k. Was it already a Roth 401k, or did you do a Roth conversion on that portion when you moved it into the Roth Gold IRA?

karen_robinson💼Starter (0-50k)•less than a minute ago

Hey, interesting post! It sounds like you've got a great handle on precious metals given your background. I get the appeal of having a chunk of your savings in gold and silver, especially with your expertise. However, I do wonder if having *all* your personal savings tied up in just two asset classes, even with a Roth Gold IRA, might be a little top-heavy. Diversification is usually key, even for those of us who love gold. Just a thought!

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

Hey, that's really interesting to hear about your experience! Given your background, it makes total sense you'd lean into precious metals for your IRA. Diversification is key, especially with how volatile things can be.

One thing I always recommend folks check out when they're evaluating their precious metals IRA is the storage options. Make sure you're comfortable with where your gold is actually being held and the associated fees. Sometimes people overlook that detail. Here's a decent article explaining the different types of storage for a Gold IRA that might be helpful: Investopedia: Best Gold IRAs

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →