Thinking about my family's legacy - gold & silver for the grandkids?

Ruth Perez

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Thinking about my family's legacy - gold & silver for the grandkids?

ruth_perez📊Growing (50-100k)

less than a minute ago

Key Takeaways

•Okay, so I've been a government employee here in Albuquerque for almost 20 years now, slowly building up that pension.
•I started my Gold IRA a few years back, got about $70k in it now, mostly gold but a decent chunk of silver too - those 100oz bars look pretty sweet.
•Cash feels… temporary.

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Okay, so I've been a government employee here in Albuquerque for almost 20 years now, slowly building up that pension. I started my Gold IRA a few years back, got about $70k in it now, mostly gold but a decent chunk of silver too - those 100oz bars look pretty sweet. My main goal was always to supplement that pension when I retire, but lately, with the way things are going, I've been thinking more about what I leave for my kids and grandkids.

My kids are grown and mostly doing their own thing, but I've got two grandkids I adore, and I want to give them a real head start, or at least a safeguard. Cash feels… temporary. Stocks feel volatile, even though I've got some in my 401k. I'm wondering if I should start a separate, smaller physical gold or silver stash specifically for them. Not like, a massive inheritance, but maybe a few thousand dollars worth of bars and coins that they can access when they're older, something tangible that isn't tied to the regular financial system.

Has anyone here done anything similar? Set aside specific precious metals for younger family members? I've been playing around with that Gold vs Stocks Comparison tool and looking at the 10-year chart, gold has held its own pretty darn well, sometimes outperforming. It really makes you think about its stability over the long haul. My parents generation always talked about "hard assets" and I'm starting to really see why.

Is it better to hold it myself and earmark it, or are there trusts or other vehicles people use for this kind of thing? I don't want to complicate my main IRA, just looking for smart ways to pass on a little piece of financial security outside the norm. Any advice from folks who've thought about this would be awesome.

3 comments

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Best Answer▲ 10 upvotes

diane_bailey💰Established (100-250k)

Hey, that's an awesome idea! I'm pretty much in the same boat, just a few years behind you. I'm also thinking about setting up something for my nieces and nephews down the line. It's cool to hear someone else is already doing it and thinking about the long game like that.

Comments (3)

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

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

Interesting! So you're thinking about a Gold IRA for the grandkids too, or is this more about gifting physical gold/silver to them down the line? Gifting sounds like a whole different ballgame with tax implications, just curious what your thoughts are there!

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

That's a super thoughtful goal, securing something for the grandkids. I wonder, though, if a Gold IRA is the *most* efficient way to pass on that physical gold and silver specifically for them in the future? Inheritance laws and transferring IRAs can sometimes be a bit of a headache compared to just, say, owning it outright in a non-IRA account and gifting it directly down the line. Something to consider if the physical asset is the primary driver.

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