The equity allowance should not be accessible by the minister until retirement, so it should be placed directly in a minister's tax-sheltered retirement account.

This investment serves as a base for your retirement planning when you combine it with savings, in individual retirement account, or investments.

For example, a fund may charge a flat fee for maintaining an individual retirement account for an investor.

When a retirement account invests in precious metals, the metals are typically held by a third-party custodian.

True, a custodian bank could also happen to be a retirement account administrator/ custodian, though a commercial bank could also be such a custodian and not be a custodian bank.