Self-Directed Gold IRA

Ordinary IRAs at brokerages only hold stocks, bonds, and funds. To own physical gold in a retirement account you need a self-directed IRA, where a custodian that allows alternative assets administers the account while you choose what it buys.

What makes an IRA self-directed

The label refers to the breadth of allowed assets, not a different tax status. An SDIRA follows the same contribution and distribution rules as any IRA but can hold metals, real estate, and other alternatives that mainstream brokerages do not offer.

The custodian's role

A self-directed custodian holds the account, processes transactions, files IRS paperwork, and arranges depository storage for metals. The custodian does not give investment advice — you (or your gold IRA company) direct the purchases.

Your responsibilities

Because you direct the account, you must keep transactions at arm's length and avoid prohibited transactions, such as buying metal from yourself or storing IRA metal personally. Violations can disqualify the entire IRA.

Setting one up

Choose a reputable self-directed custodian (or let your gold IRA company recommend one), fund it by contribution or rollover, and purchase eligible metal that ships to an approved depository in the account's name.