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# 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:

1. **Account Setup (One-Time):** A fee paid to the custodian to establish your new retirement account. This is typically between **$50 and $150**.
2. **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**.
3. **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.