Palladium IRA Custodian Fees - What's a Good Benchmark?
- ā¢Okay, so I just rolled over a big chunk of my old 401k into a Palladium IRA, and I'm really happy about that decision.
- ā¢After doing a ton of research, palladium really stood out to me ā its industrial demand seems solid.
- ā¢I ended up with about $75k in palladium, mostly Canadian Maple Leafs, which Iām feeling pretty good about.
Okay, so I just rolled over a big chunk of my old 401k into a Palladium IRA, and I'm really happy about that decision. I've been in the music industry out here in Nashville for years, and while things are good, seeing the market swing lately just made me want a more tangible asset. After doing a ton of research, palladium really stood out to me ā its industrial demand seems solid. I ended up with about $75k in palladium, mostly Canadian Maple Leafs, which Iām feeling pretty good about.
My question for you all is about custodian fees. I'm currently with a well-known custodian (won't name names yet), and their annual fee is a flat $150. Beyond that, there's a storage fee for the depository, which comes out to $100 a year for my specific holdings. So, all in, Iām paying $250 annually. This is my first time dealing with a precious metals IRA, so I don't really have a benchmark. Is $250 a year for a $75k palladium IRA about average, or am I potentially overpaying? Are there better options out there that you guys have found?
Also, looking ahead a bit, Iām trying to plan out my retirement distributions and keep everything organized. I stumbled across this tool called the RMD Calculator (specifically that one from Gold IRA Blueprint) that calculates required minimum distributions. Has anyone here used that for their precious metals IRA? Does it factor in the unique aspects of a physical asset, or is it more geared towards traditional investments? Any insights on that would be super helpful too!