You can rollover your 401k into a gold retirement account. This is commonly referred to as a gold IRA rollover. A 401k can be rolled over to gold, silver, platinum or palladium metal. The process of rolling over your 401k funds to a gold IRA can be completed on your own or it can be handled by an experienced gold IRA company. There are two popular methods that most investors use to rollover their retirement funds from a 401k into a precious metals IRA.
You can directly rollover your 401k into a gold IRA. Your provider will transfer over the proceeds of your 401k to a custodian that will handle your gold IRA. This takes you completely out of the loop and makes it easier to move over the proceeds of your 401k to a gold IRA.
If you want to be more involved in the process, then you can do an indirect 401k rollover. Your current provider will send you a personal check that you’ll need to deposit into your bank account. This check will include all of the proceeds from your 401k. You will then be responsible for moving those proceeds over to the custodian of your gold IRA within 60 days. If you are unable to move those funds over within 60 days for whatever reason, then you’ll incure a 10% penalty from the IRS. The easiest way to rollover your 401k into a gold IRA is to work directly with a reputable gold IRA company that understands the entire process.
GoldCo is an A+ BBB rated company in California that offers IRA approved precious metals. They are professionals that can help you roll over your IRA into gold or silver, find the best custodian for your precious metals, and then ship your metals directly to a depository. GoldCo has 16+ years of experience helping customers setup a gold IRA.
Birch Gold Group is an A+ BBB rated company in California that offers a wide range of IRA approved metals. They offer various storage locations from Equity Trust, Goldstar Trust and STRATA Trust. They have 15+ years in the business and over 7,000 satisfied customers. They are a trustworthy gold IRA company that offers 1-on-1 care.
These gold IRA companies are highly recommended for investors that want to rollover their 401k into a gold IRA. They can handle the entire rollover process for you. One of these gold IRA companies will setup your gold IRA, rollover your 401k proceeds into IRA approved precious metals that you’ve chosen, and then transfer over all of your precious metals to a custodian that will then secure them in an IRA-approved depository for your retirement.