Articles on: IRA

What does it cost to set up and hold metal in an IRA?

Setting up a Precious Metals IRA involves three primary costs. While SoundMoney helps you avoid traditional "middleman" markups on the metal itself, the retirement structure has its own set of fees:

Account Setup (One-Time): A fee paid to the custodian to establish your new retirement account. This is typically between $50 and $150.
Annual Custodial Maintenance: This is a flat fee (not a percentage) charged by the custodian for tax reporting and account oversight. This usually ranges from $80 to $225 per year.
IRA Vaulting & Insurance: Because IRA assets must be held in an IRS-approved depository separately from your personal wallet, the depository charges a yearly fee for storage and insurance (typically $100 - $150).

Summary: While your personal SoundMoney Wallet enjoys unlimited storage for a one-time $199 fee, your IRA is a separate legal entity. You should expect to pay a combined annual fee to the custodian to keep your retirement account compliant and your physical assets insured.

Updated on: 09/04/2026

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