Thinking about rebalancing my Palladium IRA - thoughts?

Maria Campbell

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Thinking about rebalancing my Palladium IRA - thoughts?

maria_campbell📊Growing (50-100k)

about 5 hours ago

Key Takeaways

•Okay, so I've been sitting on a Palladium IRA for about five years now, and it's done pretty well for me.
•I initially put about $75k into it, and it's currently hovering around $98k.
•Not bad, especially considering the current market volatility everywhere else.

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Okay, so I've been sitting on a Palladium IRA for about five years now, and it's done pretty well for me. I initially put about $75k into it, and it's currently hovering around $98k. Not bad, especially considering the current market volatility everywhere else. As the mayor of a small town here in Boise, I'm always looking at the long game, not just for our community but for my own retirement planning too.

The thing is, I'm starting to get a little antsy with such a significant chunk of my retirement savings (it's close to 60% of my total investment portfolio) being so heavily weighted in one asset class, even if it's a solid one like palladium. I'm thinking of pulling about $15-20k out of the palladium and diversifying a bit more into some physical gold. I've been eyeing some sovereign coins, generally considered pretty liquid, and it feels like a more traditional, 'safe' move for some of those gains. Anyone else done a similar rebalance out of palladium after a good run?

My RMDs are still a ways off, but I'm trying to be proactive in understanding how these moves might affect them down the road. I actually stumbled across this RMD Calculator (rmdcalculator.goldirablueprint.com) the other day and it seems like a useful tool for getting a preliminary idea. I'm just curious if anyone has any experience with managing RMDs across different precious metals in an IRA – does it add extra complexity come distribution time? Any advice on the logistics or tax implications of rebalancing within an IRA would be greatly appreciated. Thanks!

3 comments

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Best Answer▲ 5 upvotes

margaret_chen🏆Advanced (250-500k)

Hey, that's not a bad return at all, especially with the current market! I'm curious though, what made you go with palladium specifically for your IRA in the first place? Was there something about its historical performance or industrial demand that drew you to it over, say, gold or silver?

Comments (3)

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

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Hey, that's a nice gain on your Palladium! I hear you on the rebalancing. I had a similar situation a few years back with some platinum I'd invested in. It had a good run, and I was tempted to just let it ride, but ultimately decided to pull some out and diversify a bit more into gold. No regrets so far, it balanced things out nicely for me.

sandra_green📊Growing (50-100k)✓ Verified•less than a minute ago

Honestly, while palladium has been a solid performer, I'd be looking at diversifying beyond just one metal, even if it's done well. Putting all your eggs in one basket, even a shiny palladium one, can be a bit risky. Have you considered adding some gold or silver to the mix? Could help smooth out any future dips.

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