The number of people that misunderstand a precious metals IRA is staggering.
You (the general you, not pointing fingers) can't hold the assets in an IRA. It needs to be held by a custodian until you do a withdrawal, otherwise it's a taxable event with penalties.
I agree with the sentiment of not owning a PM ETF. That's as useful as shitpaper (except the Sprott ones). It doesn't mean you can't have physical metal in an IRA, vaulted, and under control of a custodian which meets the IRS requirements for an IRA. It's still coins and bars you hold in your hand when you withdraw.
A self-directed IRA is even better (but sometimes a bit more expensive). You can have stocks, crypto, PM's, REITs/Mortgages and private equity offerings in there. Sky's the limit, and the transfer from your existing IRA / 401K is still a non-taxable "in-kind" transaction.
I chose a company that has been around for 90+ years that vaulted my silver and gold in Texas. (If SHTF, and TX leads the secession charge, I'm covered.) Talk to a company like Monex to see who they recommend for SD-IRA custodianship, and do your research.
The number of people that misunderstand a precious metals IRA is staggering.
You (the general you, not pointing fingers) can't hold the assets in an IRA. It needs to be held by a custodian until you do a withdrawal, otherwise it's a taxable event with penalties.
I agree with the sentiment of not owning a PM ETF. That's as useful as shitpaper. That doesn't mean you can't have physical metal in an IRA, vaulted, and under control of a custodian which meets the IRS requirements for an IRA. It's still coins and bars you hold in your hand when you withdraw.
A self-directed IRA is even better (but sometimes a bit more expensive). You can have stocks, crypto, PM's, REITs/Mortgages and private equity offerings in there. Sky's the limit, and the transfer from your existing IRA / 401K is still a non-taxable "in-kind" transaction.
I chose a company that has been around for 90+ years that vaulted my silver and gold in Texas. (If SHTF, and TX leads the secession charge, I'm covered.) Talk to a company like Monex to see who they recommend for SD-IRA custodianship, and do your research.