Why You Shouldn't Store IRA Precious Metals at Home

Why You Shouldn’t Store IRA Precious Metals at Home

A Rhode Island couple made a smart move when they purchased precious metals to include in their IRA. However, they overlooked one important guideline regarding storage of these precious metals. Instead of storing the gold and silver coins in an IRS-approved depository, they stored the coins at home. The IRS does not allow at-home storage…