Thoughts on converting inherited IRA to Gold with Augusta?

Hey, I've actually looked into something super similar! My grandma also left me a traditional IRA a few years back, and I seriously considered moving a chunk of it into a Gold IRA, though I was looking at a different company. The tax implications for inherited IRAs can be a little different too, so definitely something to keep in mind. Have you already spoken to Augusta about the specifics for an inherited account?

Hey, sorry about your grandpa, that's rough. $85k is a good chunk of change to work with though. You mentioned being a government employee – are you contributing to a TSP then, or have you rolled anything into a civilian IRA already?

Hey, I hear you on wanting to diversify, especially with the market being a bit wild. Augusta is definitely a popular choice for gold IRAs, and I've seen good things about their customer service.

However, just a thought: have you looked into all the potential fees associated with a gold IRA conversion, especially with an inherited one? Sometimes those can eat into your returns more than you'd expect. Also, it might be worth exploring other inflation hedges beyond just physical gold. Just something to consider before pulling the trigger!

Hey, sorry to hear about your grandpa. That's a solid amount to work with!

One thing to keep in mind, especially with an inherited IRA, is the RMD (Required Minimum Distribution) rules. Even if you convert it to a Gold IRA, you'll still have those RMDs to deal with. While Augusta can definitely help with the conversion and buying the physical gold, make sure to ask them how they handle RMDs from an inherited account. Some custodians have smoother processes than others for liquidating a small portion of your metals to cover those distributions. Might be worth checking out this article on Investopedia about inherited IRA RMDs – it's a good primer!