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    SD IRA vs. Traditional Custodian for Silver Bars - My Experience/Questions

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    Key Takeaways
    • Figured I'd throw my two cents in and see what others are doing.
    • I rolled over about $700k from an old 401k into a Gold IRA a few years back.
    • The whole process was a bit of a headache, honestly.
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    Been seeing a lot of chatter lately on here about self-directed IRAs versus just sticking with a traditional custodian, especially for physical metals. Figured I'd throw my two cents in and see what others are doing.

    I rolled over about $700k from an old 401k into a Gold IRA a few years back. The whole process was a bit of a headache, honestly. Went with a traditional outfit in Delaware because that's what my financial advisor pushed. He said it was "safer" and "simpler." Well, simpler for him maybe. Anytime I want to check on my silver bars (I've got a good chunk of 10-ounce bars, some old Sunshine minting, some new APMEX certified), it feels like pulling teeth. They send me statements, sure, but it's all just numbers on a page. I can't physically see or verify anything without jumping through hoops.

    My buddy, who's got a similar dairy background to me, went the self-directed route with a custodian in South Dakota. He says it's a bit more paperwork upfront, but he feels way more in control. He actually visited the vault once (pre-COVID, obviously) and said it was a real eye-opener to see physical assets he owns, even though he can't take them home. I'm sitting here in Madison, wondering if I made the wrong call. My current custodian's fees feel a bit high for what I'm getting in terms of transparency.

    Is anyone else finding the traditional route to be a bit opaque? For those with self-directed IRAs for silver, what's your experience been with access, fees, and overall peace of mind? Thinking of exploring a transfer, but the thought of another rollover gives me hives.

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    3 comments

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    Best Answer▲ 9 upvotes
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    gary_stewart📊Growing (50-100k)

    Hey, I hear you on this one! I actually had a similar internal debate last year. I was looking at getting some silver bars and really struggled with whether to go the SD IRA route or just use my regular custodian.

    Ended up sticking with my traditional custodian for simplicity's sake, but I definitely felt like I was missing out on some potential control. Curious to see what others chime in with!

    Comments (3)

    9
    gary_stewart📊Growing (50-100k)less than a minute ago

    Hey, I hear you on this one! I actually had a similar internal debate last year. I was looking at getting some silver bars and really struggled with whether to go the SD IRA route or just use my regular custodian.

    Ended up sticking with my traditional custodian for simplicity's sake, but I definitely felt like I was missing out on some potential control. Curious to see what others chime in with!

    8
    sharon_evans💰Established (100-250k)Real Investorless than a minute ago

    Hey, interesting post! When you say "traditional custodian," are you referring to the custodians that generally handle SDIRAs, or something else entirely? Just trying to get a clearer picture of the distinction you're making.

    1
    mark_adams👑Elite (1m-5m)Real Investorless than a minute ago

    Interesting take. While I get the appeal of having direct control with a self-directed IRA, sometimes the "extra steps" for traditional custodians actually work in your favor. Think about the added security and insurance, not to mention the potential for better liquidity if you ever need to sell quickly. It's not always about having your hands on it, but knowing it's safely handled by pros. Just a thought!

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