What precious metals can I buy with my retirement account?

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With a Rocket Dollar account, you don't just have a Checkbook Gold IRA. You can buy a variety of precious metals like palladium, silver, and platinum as well as other assets to complement your portfolio.


A Self-Directed Solo 401(k) or Self-Directed IRA can be used to purchase certain precious metals in bullion, including...

  • Gold
  • Silver
  • Palladium
  • Platinum
  • Certain approved coins.

The metals must meet certain purity or fineness requirements. The section of the Internal Revenue Code (IRC) 408m that covers this can be found here.

The metals must be stored at a bank, credit union, trust company, or IRS-approved nonbank trustee or custodian (see this IRS ruling). There are depositories that also meet the requirements such as the Delaware Depository.

Purchases of precious metals should be made with an invoice in the name of the IRA LLC/Trust or Solo 401(k) plan name. For example, John Doe EPSP 401(k) F.B.O. John Doe as Trustee.

Do not store the metals at home. Storing metals at home entails commingling them with your personal assets, and is a prohibited error often targeted by the IRS.


Can I buy precious metals and hold different assets like stocks, bonds, real estate, etc?

Yes. Your IRA LLC/Trust or 401(k) trust gives you checkbook control over any IRS-approved asset you wish to target. Each asset is owned by your IRA LLC/Trust. You will sign up your IRA LLC or Trust at precious metals purchasing and vaulting service, and transfer dollars to purchase the metals that you wish to own.


Where can I buy precious metals for my Rocket Dollar Self-Directed IRA or Solo 401(k)?

You can visit our Partners page in the "Physical Assets" section. 

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