Should I Roll My 401k Into a Gold IRA?

Should I Roll My 401k Into a Gold IRA?

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This question usually only comes up when the price of gold goes up. As you might expect, the price of gold in your retirement account rises faster and more steeply than it does on other markets because any gains are tax-deferred until you withdraw them.

Rolling over your 401k takes work, however. You need to understand several complications as you make this decision.

What is a 401k?

A 401k is a retirement plan that allows you to save money to provide yourself with a nest egg when you retire.

Where Should I Put My Gold IRA?

Should I Roll My 401k Into a Gold IRA?

The first thing you'll need to do is open the IRA. This can be done through several financial institutions; generally speaking, there shouldn't be any difficulty setting up the account itself. Most IRA providers will also be willing to accept gold coins as an investment if you prefer them to gold bars or bullion. However, you should compare options before choosing, or else you might pay more than necessary in fees or commissions.

The amount of money you want to save as part of your IRA depends on your current financial situation. Most important is ensuring you are holding something and not spending it. If you are in a good financial position, however, it might make sense to invest more to have the money work more quickly for you.

For example, if you have several decades until retirement and if the price of gold keeps going up, investing large amounts of money now will likely lead to higher account balances down the road. If this is the case, it makes more sense for you to invest less now to enjoy more gold in your retirement account.

Why Roll Over My 401k Into Gold?

Should I Roll My 401k Into a Gold IRA?

This decision would depend on your current financial situation and what you think will happen with the price of gold. The big question here is whether the price of gold will continue to rise in the future or if it will go down. If you believe it will go up, then rolling over into a gold IRA might be a good idea because it allows you to increase your early advantage before other investors realize this fact and get into the market.

If, on the other hand, you think that the price of gold will fall in the future and you have a long time until retirement, then it might make sense to cash out some of your gold IRA holdings before the price goes down and your account balance is lower.

In addition to all these factors, it is essential to remember that you will invest in a commodity. In this case, gold is considered a "barometer" because it usually moves up or down with sentiment surrounding other markets (for example, when people begin to be interested in silver or platinum). This means you should consider how much risk you are willing to take on before putting any money into a gold IRA.

The price of gold can rise and fall a lot in a very short amount of time, so you should be careful and only invest some of your money if you are unsure about what might happen. This is especially true because the price will likely go down when the economy improves, and stock prices rise. Using your gold IRA account for other investments might also be wise.

As you make this decision, remember that switching your 401k into a gold IRA might be challenging. This is because your employer manages the 401k, and they may not want to be involved with an IRA account.

In this case, you will either have to open the account with a new provider or find someone else (a family member or friend) who will open it on your behalf.

It is essential to find someone who can do this because otherwise, you will end up stuck with other investments and will only be able to use your gold for a few years. You should ensure that this person is okay with taking on this responsibility and that you agree on how to roll over the account.

To successfully roll your 401k into a gold IRA, you need to choose a custodian willing to let you do this. This article will discuss the top three companies to help you facilitate the rollover.

Top 3 Companies to Roll 401k Into a Gold IRA

#1. Goldco


Goldco is one of the most trusted and reputable gold IRA custodians in the United States. Recent customer testimonials have been very positive, with many saying that they would recommend Goldco to anyone looking for a gold IRA custodian because they know that their money will be kept safely there.

One thing to remember, however, is that not all states allow for tax-free rollovers into a gold IRA. You must ensure that your home state permits this before doing it with Goldco. Before attempting the rollover, it is essential to speak with a company representative about what your state allows.

Pros & Cons of Goldco


  • Trustworthy company: Goldco is a company that has been in business for more than ten years and therefore is an established and trusted name.
  • Lots of positive reviews: Goldco has more than 30,000 customers and a solid rating on Google and other review sites.
  • Low fees: Goldco charges an annual maintenance fee of just $10 for each gold IRA you own with them, which is less than most other custodians.
  • Qualified investors: Goldco allows anyone to open a gold IRA and they will guarantee the funds that you deposit.


  • Not all states allow for rollovers: Only 12 states (in addition to the District of Columbia) in the US allow rollovers into a gold IRA, although this number steadily increases. The ones that do not allow this are Connecticut, Maine, Maryland, and New Hampshire.
Augusta Precious Metals

Augusta Precious Metals is also a top gold IRA custodian known for being safe, honest, and trustworthy. The company has been in business since 2012 and is one of the longest-running gold IRA custodians in the US. It has an A+ rating with the Better Business Bureau, which means that there are not many complaints about them from other customers.

It is important to note that your account must be located in the United States to open a gold IRA at Augusta Precious Metals. This means that you cannot have an account with them if you are located outside the country and are using gold IRAs for offshore investment.

Pros & Cons of Augusta Precious Metals


  • A+ rating: The Better Business Bureau has given Augusta Precious Metals an A+ rating, which means that there are not many complaints against them.
  • Affordable fees: Augusta Precious Metals charges a low annual fee of $14 to use their services, which is among the lowest you can find in the industry.
  • Low minimum investment: Augusta Precious Metals requires an initial deposit of $5,000 in your gold IRA, one of the lowest amounts you will find. This is good news for people who want to invest but might not be able to afford much at first.


  • Only open to residents of the United States: Augusta Precious Metals is only open to investors who live in the United States and are trying to invest their retirement savings in a gold IRA, which means that citizens living outside of the US cannot use it.
American Hartford Gold

The final company to discuss is called American Hartford Gold. This company was founded in 2015 and has been growing steadily. The company also has a very good rating with the Better Business Bureau, meaning there aren't very many complaints about them.

This is important because it means that consumers can be confident that they are safe with American Hartford Gold when they decide to open a gold IRA through them.

American Hartford Gold has customer satisfaction reviews that say the company is very professional, friendly, and helpful. It also has many clients who have used them for years without problems.

Customers can trust the company to help them handle their gold IRAs without issues.

Pros & Cons of American Hartford Gold


  • The company offers a great selection of coins and bullion: The American Hartford Gold website gives a comprehensive list of the different types of gold and silver that they offer, which makes it easy for people to find exactly what they are looking for.
  • Friendly service: American Hartford Gold offers free 24/7 phone assistance through their website and free email support. Customers can call or email them whenever they need help with the gold IRA rollover process.
  • Fraud-free: There have been no complaints about the company in the past few years, which means that people can take comfort in knowing that their money will be safe with them.


  • The annual IRA fee is a bit high: The annual maintenance fee of $15 is a bit higher than the other companies have, although it is still more affordable than other options.


What will happen if I roll my 401k into a gold IRA and the price of gold goes up, but then I lose my job?

This is a scenario you would be happy to see go away, so it's a good choice to keep your 401k in your current employer's plan until you retire. If you are concerned about taking this risk, consider finding a new job before investing in the final account.

I am planning to roll over my 401k into a gold IRA. How do I pay for it?

This decision depends on your situation. If you are good with a lot of debt, consider taking out extra cash from your retirement savings to help fund the gold IRA. This is because you will be investing more money and are more likely to get more money back when you sell the gold. On the other hand, if you don't want to invest in debt and prefer not to use up all of your retirement savings, then it makes sense for you not to roll over the 401k into a gold IRA before investing it in something else.

Can I add gold to my IRA and keep my other investments there?

If you have multiple 401k's, it might make sense to roll over all of the accounts into a single gold IRA account. However, this is only sometimes the case because some people choose to separate their different investments. For example, if you want to keep your stocks in one account and your real estate in another, then it might be more convenient for you to make two different IRA accounts rather than one with everything mixed.

Is there any paperwork required to roll over my 401k?

If you are working with a financial advisor and rolling over a 401k into an IRA that the same company manages, then it might be optional for you to do this. In that case, your advisor should be able to take care of all the paperwork for you so that it appears as if the rollover was done in one day and nothing has changed in the account. You can also avoid paperwork by simply moving your investments from one account to another without actually making a switch from one kind of document or plan to another.

Ultimately, there are many benefits to choosing to roll over your 401k into a gold IRA. The main advantages are that you will get to invest more of your retirement savings and will be able to diversify where your money is being invested. You also have better control of your investments than traditional stock investing options.

There are also many options for gold IRA companies, and it is up to you to choose the one that best fits your needs and preferences. By picking a company that offers low fees and good customer service, you can rest assured that you will be able to invest easily while receiving all of the attention needed for the investment process to go smoothly.

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