Step 1: Decide how much to move
Start with the amount, because it shapes everything else. Account fees are flat, so a gold IRA works better for larger sums, and many companies have minimums from $5,000 to $50,000. Most people move a portion of their savings rather than all of it. Our fees guide shows the math.
Step 2: Choose a gold IRA company
The company, technically a dealer, sells you the metal and usually coordinates the custodian and depository. Compare total costs, written buyback terms, minimums and complaint history. Our comparison of six companies is a starting point, and our red flags guide covers what to avoid.
Step 3: Open the self-directed IRA
You'll fill out the custodian's application, often online or with a representative. It's similar to opening any IRA: personal details, beneficiaries and whether it's traditional or Roth. Read the fee schedule before you sign.
Step 4: Fund the account
Pick the route that matches your money:
- From another IRA: a direct transfer between custodians. See rollover vs transfer.
- From a 401(k), 403(b) or TSP: a direct rollover. See our 401(k), 403(b) and TSP guides.
- New money: a contribution, up to $7,500 for 2026 plus $1,100 if you're 50 or older.
Transfers and rollovers usually take one to three weeks to arrive.
Our recommended provider's free kit explains its account setup and rollover process, and its team handles most of the forms. Best fit if you have $50,000 or more to move.
Request the Free KitStep 5: Choose your metals
Once the cash lands, you pick products. Stick to IRS-eligible bullion (our approved coins list helps), ask for the price over spot on each item, and get the same-day buyback price in writing before you approve the order.
Step 6: Confirm delivery to the depository
The dealer ships the metal straight to an approved depository. Within a few weeks your custodian statement should list each product and quantity. If it only shows a dollar figure, ask for the itemized holdings. See gold IRA storage.
After it's open
- Expect annual custodian and storage bills, sometimes deducted from the account.
- Check statements yearly against what you bought.
- Know the withdrawal and RMD rules before you need them.