Gold IRA Companies in Millsboro, Delaware, Where the Coal Plant Just Went Dark

Gold IRA companies in Millsboro, Delaware are stepping into a local economy that just lost a 68-year fixture. NRG's Indian River Power Plant, the last coal-fired power plant standing anywhere in Delaware, shut down for good on February 23, 2025, after nearly seven decades running along the Indian River just outside town. That's not ancient history — it happened last year, and it's the kind of local shift that changes who's calling a gold IRA company and why. A plant that size didn't just generate power; it generated union jobs, pension checks, and a certain kind of retirement security that's now gone from Millsboro's tax base for good.

With the power plant gone, Mountaire Farms is left holding down more of Millsboro's economy on its own. The poultry company was founded in Millsboro in 1914 by Guy Cameron and has stayed headquartered there through three generations of the Cameron family, growing into the fourth-largest chicken producer in the United States. Its Millsboro complex has long been one of the area's largest private employers, and unlike the power plant, poultry processing isn't going anywhere — Sussex County has run on it for a century. That gives gold IRA companies serving Millsboro a workforce that skews toward long manufacturing careers rather than corporate 401(k)s with six-figure balances.

Millsboro's 2024 median household income is $78,707, below Delaware's statewide figure of $84,954, and the median home value sits at $332,600 — among the lower figures in Sussex County's beach-adjacent towns. The median age is 39.5, younger than you'd guess for a town where roughly 26% of residents are 65 or older, according to the 2020 census. That split matters: Millsboro isn't uniformly young or uniformly retired, it's both at once, which means gold IRA companies serving the town are fielding calls from two different kinds of household — one still accumulating, one already drawing down — rather than one dominant type.

Delaware Depository Service Company, an IRS-approved trustee, sits in Wilmington — about 91 miles and roughly two hours four minutes north of Millsboro on Route 1, with Dover marking the halfway point. That's a real drive, not a quick errand, though it's still shorter than shipping metal to a vault in another state entirely, which is the default for most gold IRA investors outside Delaware. Storage is set by the custodian rather than assigned by geography, so it's worth confirming directly whether Wilmington is actually where a Millsboro client's metal ends up before assuming proximity settles it.

Millsboro traces back to 1792, when Elisha Dickerson built a dam on the Indian River and the settlement that grew up around it was first called Rock Hole; it didn't formally incorporate until 1893. That same year, on January 17, 1893, Millsboro recorded -17°F — the coldest temperature ever logged in Delaware. Thirty-seven years later, on July 21, 1930, it hit 110°F, the state's hottest reading on record, making Millsboro one of only three U.S. cities that hold both of their state's temperature extremes. The town is also home to the Nanticoke Indian Museum, a National Historic Landmark and the only Native American museum in Delaware. None of that changes a Millsboro retiree's tax picture — Delaware doesn't tax Social Security at any income level, and residents 60 and older can exempt up to $12,500 per person of pension and IRA income — but it's the difference between a gold IRA company that's done its homework on Millsboro and one running the same script it uses in Dover.