Can I Buy Gold With A SEP IRA?

Saturday, April 20th 2024

An SEP IRA is an increasingly popular retirement savings plan among self-employed individuals and small business owners alike, especially during times of market instability. When diversifying retirement portfolios during such times can be advantageous; gold can serve as an attractive investment alternative that may offer protection during economic uncertainty periods. This article will investigate whether gold purchases with SEP IRA can be done and provide comprehensive guidance as to how this process should take place.

What Is A SEP IRA?

A SEP IRA (Simplified Employee Pension Individual Retirement Arrangement) is an innovative type of retirement plan specifically created to serve self-employed workers, small business owners and their employees who qualify. It allows higher contribution limits compared with traditional IRAs as well as tax deferred growth on investments.

SEP IRAs offer several advantages, this may include:

SEP IRAs offer easy establishment and administration compared to other retirement plans such as 401(k)s or pension plans, making their use even simpler for employees. High Contribution Limits For 2023, an employee may contribute lesser of 25% of his or her compensation or $61,000 into his/her SEP IRA account each year.

Tax Advantages: Contributions to a SEP IRA are tax deductible and investments grow tax deferred until being withdrawn during retirement.

Gold as an Investment

For decades now, investors have seen gold as an attractive and secure form of wealth investment, particularly during times of economic instability. Some advantages associated with investing in gold include:

Gold provides diversification benefits to retirement portfolios as it often exhibits negative correlation with other financial assets, like stocks and bonds.

Gold has long been seen as a safe haven against inflation; its value tends to keep pace with costs associated with living. Furthermore, it remains valuable despite inflation, making gold an appealing long-term investment option.

Can You Purchase Gold Through an SEP IRA?

Yes, gold can be purchased with a SEP IRA; however, not all investments qualify as permitted within an IRA account. The Internal Revenue Service has specific guidelines as to which types of gold investments qualify and must meet certain criteria:

Fineness: Gold must be at least 99.5% pure to qualify.

Approved Forms: Coins, bars or rounds may all qualify; an approved custodian must hold this investment; some examples of approved gold investments for SEP IRA include these investments:

To purchase gold with your SEP IRA, it’s necessary to follow these steps:

Select an Approved Custodian of Gold IRA Investments: When setting up a gold IRA investment account, an approved custodian who specializes in managing gold investments should be hired as the custodian is accountable for buying, storing and managing the gold on behalf of you as an IRA owner. When researching different custodian options, it’s essential to compare fees and services before making your final choice.

Create or transfer a SEP IRA Account: Once you’ve chosen a custodian, the next step should be opening or transferring an existing SEP IRA account with them. They should provide all required forms and provide assistance during this process.

Fund your SEP IRA: When funding a SEP IRA, new contributions or rolling over funds from another retirement account, such as traditional IRA, 401(k), or another SEP IRA should be added or transferred as contributions; be sure to consult a tax professional about possible tax implications when rolling funds over from one account into another retirement plan account.

Select your Gold investments: Once your SEP IRA has been funded, the next step should be selecting which gold investments you wish to include in your portfolio. Your custodian may provide a list of approved investments, or you may research and select them yourself as long as they meet IRS guidelines.

Purchase and store Gold: Once gold has been acquired using funds in your SEP IRA, its storage must comply with IRS regulations by being placed into an approved depository or vault for safe keeping. Your custodian can arrange this storage service on your behalf; and will ensure that any assets associated with you remain separate and discretely held apart from others’ holdings.

Risks and Considerations

Although investing in gold through a SEP IRA offers many benefits, investors must also be mindful of any associated risks or considerations:

Market fluctuations: While gold has historically been considered a safe haven investment, its prices still fluctuate and may experience price volatility.

Storage and insurance fees: Storing physical gold at an approved depository or vault typically incurs extra storage and insurance fees that could reduce returns over time. You may also require purchasing insurance policies to protect the gold holdings you possess.

Liquidity: While gold investments within an SEP IRA can be purchased and sold quickly, selling them may require extra paperwork and time, potentially hindering your ability to access funds quickly if an emergency arises.

Limited diversification: Focusing exclusively on gold when investing in an SEP IRA could limit its potential for diversification and decrease your life expectancy over the long-term. Therefore, it’s crucial that investors strike the right balance between various asset classes in their retirement portfolio to manage risk effectively and achieve long-term growth.


Gold investments with SEP IRAs offer self-employed individuals and small business owners looking for ways to diversify their retirement portfolios while protecting against economic fluctuations an attractive way. By choosing approved gold investments and working with an accredited custodian, investors can experience all the advantages associated with holding gold within their retirement accounts while adhering to IRS guidelines.

However, it is crucial to remain cognizant of the risks and considerations involved with gold investments before making informed decisions about your retirement portfolio. Diversifying and diversifying it according to professional advice will increase its long-term viability.

Are you ready to add gold and silver in your investment portfolio?

Everyone desires peace of mind regardless of retirement goals. If you’re interested in adding silver and gold to your retirement savings account you can do that through a self-directed IRA. These types allow you to create a retirement portfolio that increases in value on. Like any investment instrument make sure you do your due diligence. For more information, have a look at our gold IRA companies reviews for the “top companies across the United States below.

Learn more about: American Hartford Gold Group precious metals IRA
Learn more about: Augusta Precious Metals IRA
Learn more about: Goldco review
Learn more about: Advantage Gold bbb rating
Learn more about: Birch Gold Group promotion
Learn more about: Noble Gold reputation
Learn more about: Rosland Capital gold
Learn more about: Lear Capital IRA
Learn more about: Patriot Gold promotion
Learn more about: Oxford Gold Group fees
Learn more about: Regal Assets reputation

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  • Ken says:

    Hi everyone!

    Just wanted to confirm that it is possible. I’m a self-employed online entrepreneur and save through a SEP IRA with gold. I’m (so far) happy with this solution, even though it’s bit of work to set up.

    Take care

    • Hi Ken,

      Thank you for sharing your experience, it is extremely valuable to our readers to get “real-life” experience-based feedback to the topics we talk about on the blog.

      Happy investing!