Gold IRA basics: rules every saver should know

A gold IRA is a self-directed individual retirement account that holds physical precious metals instead of, or alongside, stocks and bonds.

The IRS allows certain coins and bars meeting minimum fineness standards. The metal must be held by a qualified custodian or approved depository, not at home.

Fees typically include account setup, annual custody and storage, plus the dealer premium on the metals purchased. Ask for every fee in writing before funding the account.

Rollovers from existing retirement plans are common, but timing rules apply. Consult a tax professional and choose accredited providers.