tax on silver

Forum|Forum|4 months ago
January 14, 2026
2 replies
0 views

i took all my retirment money and put it all in silver and i want to start getting a payment how can i do this and not loose my silver and pay the least amount in taxes

Not A Product Question

VolvoGirl

Level 15

Did you take the money out of your retirement to buy the Silver? Or did you buy it inside the IRA or 401k, etc? What kind of retirement account?

Mike9241

Level 15

It's not clear what you did.

If you took the money from your account to buy silver and it's not held in a retirement account, you will get a 1099-R showing the distribution. You will be taxed on the full amount of the withdrawal unless it was a Roth and you meet the requirements for nontaxability, or if you had tax basis in a non-Roth account, only the excess over basis is taxed..

Most managed retirement accounts do not allow for buying physical silver. You would have needed to transfer (rollover) the funds to a self-directed retirement account that allows this. If you personally got the cash you had 60 days to put it into another retirement account. If you moved from a taxable account to a ROTH, you'll be taxed on the distribution, but RMDs are not required from a ROTH.

If you complied with the tax laws and the silver is held in a taxable retirement account, most likely an IRA, current law says you must start distributions in the year in which you reach 72 1/2, but can defer to 4/1 of the followingyear the first distribution. A second distribution must be taken in the same year.

There are other possibilities because what you provided is incomplete.

Mike9241

rbrewer335Author

Level 2

i rolled it from a self directed ira into a physical silver ira about 3-4 yrs ago and as you can see it is blowing up i plan on liquidating when i feel the time is right and start taking a dividend from it i am not 72 yet it will be a while but i am retired i need advice on what to do with it for my best out come

Opus 17

Level 15

@rbrewer335 wrote:

i rolled it from a self directed ira into a physical silver ira about 3-4 yrs ago and as you can see it is blowing up i plan on liquidating when i feel the time is right and start taking a dividend from it i am not 72 yet it will be a while but i am retired i need advice on what to do with it for my best out come

We can't give financial advice, or predict the future price of silver.

Any funds you withdraw from a pre-tax IRA will be taxable as ordinary income (no matter what the IRA was invested in -- the entire withdrawal is taxable because you did not pay taxes on the original contributions).