What's the best precious metals custodian / storage companies to go with for an IRA ...Submitted by baparson on Tue, 02/26/2013 - 11:00
I'm looking to roll over my IRA to a precious metals IRA. I know ... I know some of you will state to cash it out and buy them and store them at home. But I just don't want to take the tax hit and not take advantage of the tax benefits of IRA contributions, so that said I want to go with a precious metals IRA. So i'm looking for the best custodian / storage set up out there. I don't want to go with a custodian and storage facility that that will cost an arm and a leg, so what's the best bang for your buck?
I was looking a New Direction for the custodian and Citadel for the storage (Using APMEX for the dealer to get the metals).
Any suggestions would be much appreciated. Thanks!
EDIT: a couple people commented that you should be able to take physical possession of your metals in your IRA. I always thought you couldn't. However, I did some searching around and found this site:
And on that page they state that you can in fact take physical possession if your IRA holds coins, but can't take possession of bullion. And doing the self-directed IRA with check book control model seems to be the way to go to avoid those outrageous fees (The fees are one of the main factors holding me back).