retirement

6 surprising IRA investment options

Retirement » 6 Surprising IRA Investment Options

Heads-up on coins
Heads up on coins © Steve Heap/Shutterstock.com

Heads-up on coins

You can buy these coins with your IRA: U.S. gold coins in 1-ounce, half-ounce, quarter-ounce and one-tenth-ounce denominations; and 1-ounce silver coins minted by the U.S. Treasury Department. Certain platinum coins are also allowed.

Gold and silver coins have been measurements of value for thousands of years. They tend to be stable or go up when stock markets crash or inflation soars. Gold and silver have seen their ups and downs in recent years.

But that doesn't necessarily mean they're good for every IRA. For one thing, they don't pay interest or dividends, so you won't be compounding returns between purchase and withdrawal. And a lot of mainstream IRA custodians like banks and mutual funds don't offer this IRA option.

That's two reasons they may be problematic, says Meg Green, founder of Meg Green & Associates, a wealth management firm in Miami. "Where are you going to find a custodian to keep them for you?" she asks. Internal Revenue Service regulations require storage be overseen by a custodian, but custodians don't have to offer the service.

The second problem is cash flow. "You need things that provide income," she says.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.04%  0.05 4.09%
15 year fixed refi 3.15%  0.10 3.05%
10 year fixed refi 3.15%  0.06 3.09%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.67%  0.35 4.32%
50K FICO-based HELOC 4.04%  0.05 3.99%
100K FICO-based HELOC 3.88%  0.05 3.83%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.99%  0.19 2.80%
48 month used car loan 2.91%  0.09 3.00%
60 month new car loan 3.06%  0.10 3.16%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99% --0.00 0.99%
2 Year CD 1.20% --0.00 1.20%
5 Year CD 1.82% --0.00 1.82%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.80% --0.00 15.80%
Cash Back Cards 16.42% --0.00 16.42%
Low Interest Cards 11.09% --0.00 11.09%
 
Next
advertisement
Partner Center
advertisement

Connect with us