I haven't used either one... personally I would look into self directed IRAs and you can then invest in a variety of things... gold, silver, crypto etc. Let it all ride on GME if you're feelin lucky lol.
There are various custodian companies that will help manage it for you.
EDIT: the above is not financial advice, just my personal thoughts.
I wouldn't necessarily trust fidelity either.. I was thinking more along the lines of generic self managed custodians that will just generate the tax stuff for you and then you use any broker you want to execute trades, but that too comes with some risk since even if there is nothing wrong sometimes the IRS will look at you sideways just for having a non-standard setup and cause you expense for no reason. Its annoying, I know.
This week we have been innundated with CMEs from the sun. It only takes one really big blast from the sun to put us back to the stone age. OP, you might want to think about getting some gold and silver to have on hand if the lights go out. Electricity might not be your friend in a power outage, but physical gold or silver will. Not saying to rush out and do it, but just think about a grid down scenario.
Unless you have physical control of it in your hot little hands, you don't really own it and there's zero security or advantage going with that over another IRA, aside from potential gains of one vs other.
There comes a point in your awakening when you have to realize, playing by their rules with the 401k and IRA etc is way less secure and valuable than you holding actual physical in your hand.
My thinking was similar, but quickly realized it was really no different than any other IRA. I've reduced contributions to the casino investments and have been leaning harder on physical in the past 2 years.
I haven't used either one... personally I would look into self directed IRAs and you can then invest in a variety of things... gold, silver, crypto etc. Let it all ride on GME if you're feelin lucky lol.
There are various custodian companies that will help manage it for you.
EDIT: the above is not financial advice, just my personal thoughts.
I wouldn't necessarily trust fidelity either.. I was thinking more along the lines of generic self managed custodians that will just generate the tax stuff for you and then you use any broker you want to execute trades, but that too comes with some risk since even if there is nothing wrong sometimes the IRS will look at you sideways just for having a non-standard setup and cause you expense for no reason. Its annoying, I know.
This week we have been innundated with CMEs from the sun. It only takes one really big blast from the sun to put us back to the stone age. OP, you might want to think about getting some gold and silver to have on hand if the lights go out. Electricity might not be your friend in a power outage, but physical gold or silver will. Not saying to rush out and do it, but just think about a grid down scenario.
It's no more secure than any other IRA.
Unless you have physical control of it in your hot little hands, you don't really own it and there's zero security or advantage going with that over another IRA, aside from potential gains of one vs other.
There comes a point in your awakening when you have to realize, playing by their rules with the 401k and IRA etc is way less secure and valuable than you holding actual physical in your hand.
You can certainly do both...
My thinking was similar, but quickly realized it was really no different than any other IRA. I've reduced contributions to the casino investments and have been leaning harder on physical in the past 2 years.
I used Birch Gold, everything went smooth.
Glad to help, I transferred some 401k funds, and took delivery on silver rounds, mark up was about $4.oo over spot.
https://www.learcapital.com/gold-ira/precious-metals-ira/
Don't fall for Goldco. The coins are way overpriced.