A palladium IRA is an independent retirement account that contains palladium metal. You can add palladium to your self directed IRA but their are special IRS requirements for palladium coins and bars. Many palladium coins and bars cannot be included within an IRA because they don’t meet the strict purity level requirements. When you setup a palladium IRA with an IRA company, they can help you purchase IRA approved palladium that meet the IRS requirements.
A palladium IRA offers all of the same tax benefits that you’d find within other popular IRAs. These IRAs offer investors the chance to save money for their retirement on a tax free or tax deferred basis. Just make sure that you meet the IRS rules in order to avoid any tax penalties.
You must only include palladium within an IRA that has a purity level of 99.95%. Any palladium that does not meet this threshold cannot be added to a palladium IRA. Another important rule is that the palladium metal must be stored in an IRA approved depository. These storage facilities have very secure vaults that hold precious metals and other high value items for investors. The top depositories are the Delaware Depository and the Brinks Global facility.
IRA Approved Palladium Coins:
IRA Approved Palladium Bars:
There may be other palladium coins and bars that meet the IRS requirements. These are the most popular coins and bars that you can add to a palladium IRA. Make sure that any palladium that you add to the IRA will meet the 99.95% purity level. Do not be carried away by palladium coins that are part of a limited edition, commemorate a special event, or offer some other gimmick to buy them. Those coins tend to be sold at a huge premium as a collectible item but they don’t tend to meet the purity level requirement to be added to a precious metals IRA.