A friend of mine just told me I could rollover my 403b and convert in gold or silver. I like the idea, especially in times like this. However, his financial planner told him he could store his assets in a safe at home. Is that true?
No, you cannot store your precious metals at home. It needs to be held in a US depository, the McNulty case made that pretty clear. In this case, a couple fought the IRS about storing their gold IRA at home and they lost.
No you need to store your precious metals in a depository, as james said as per IRS regulation.
David, I would suggest you read the post about the 10 best gold IRA companies.
No, you cannot legally store gold or other precious metals from an IRA at your home. According to IRS rules, precious metals purchased through an IRA must be stored in an IRS-approved depository. These depositories ensure that the metals are kept in a secure environment that meets all IRS requirements for custodial holdings.