401k to Gold IRA Rollover Guide

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Table of Contents

Introduction to 401k to Gold IRA Rollover

Companies Considered

Companies Selected

Hours Analyzed

Everyone needs a safe financial foundation, and luckily there are several paths to getting there. Transferring your 401(k) to a gold Individual Retirement Account is a great option. You can avoid paying any fines by making this change and safeguarding your retirement savings. You can avoid paying taxes and penalties by rolling over your 401(k) into a gold IRA.

This 401k to gold IRA rollover guide will help you. Changing your 401(k) to a gold IRA has many advantages. Gold is a great way to hedge your retirement portfolio against inflation.

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Best Gold IRA Companies of 2023


Company Name

Trustlink Rating

Minimum Investment


4.8 ratings
$25,000* Setup Fees – $50
* Annual IRA Fees – $80-$100
* Storage Fees – $100 per Year
* Other Fees – $30
2American Hartford Gold
4.9 ratings on Trustpilot
$10,000* Annual IRA Fee – $75
* Accounts Valued – $100,000 or Less and $125 for Accounts Valued at $100,001 or More
* Annual Storage Fee – $100 Fee in Most Cases.
3Augusta Precious Metals
4.9 ratings
$50,000* Initial Setup Fee – $50
* Annual Custodian Fee – $100
* Annual Depository Fee – $100
4Birch Gold
4.9 ratings
$10,000* Initial Setup fee – $ 50
* Wire Transfer fee – $ 30
* Annual Maintenance fee – $ 80
* Annual Storage fee – $ 100


Trustlink    Rating
Minimum  Investment$25,000
Fees* Setup Fees – $50
* Annual IRA Fees – $80-$100
* Storage Fees – $100 per Year
* Other Fees – $30


Trustpilot Rating
Minimum Investment$10,000
Fees* Annual IRA Fee – $75
* Accounts Valued – $100,000 or Less and $125 for Accounts Valued at $100,001 or More
* Annual Storage Fee – $100 Fee in Most Cases


Trustlink Rating
Minimum Investment$50,000
Fees* Initial Setup Fee – $50
* Annual Custodian Fee – $100
* Annual Depository Fee – $100


Trustlink Rating
Minimum Investment$10,000
Fees* Initial Setup fee – $ 50
* Wire Transfer fee – $ 30
* Annual Maintenance fee – $ 80
* Annual Storage fee – $ 100


Editor’s Choice – The Most Reputable and Reliably Trustworthy Choice for Gold IRA Investments

#1 Goldco

American Hartford Gold

Rated 4.9/5 Stars

Precious Metals: gold, silver, bullion bars, bullion coins

Website Features: resources for education, free investment guide, live chat, company’s history, client feedback, news blogs

Why We Chose It

Goldco’s website boasts a who’s who of celebrity backers who have helped build the company since its 2006 inception. The Gold IRA is well-known for its high-quality customer service and direct sales of precious metals to individual investors. The website’s list of coins, complete with background and specifications, is quite helpful. Goldco also sells platinum, palladium, and gold and silver coins and bars.

Users are given immediate access to a specialist who assists them at every turn, marking the beginning of excellent customer service—the ideal for understanding the precious metals market. Goldco provides content for investors on various issues through electronic books, films, and articles.

The Better Business Bureau has awarded Goldco an A+ rating, and customer reviews are generally positive. The company has received a near-perfect score from the 1,000+ ratings posted on Trustpilot. ConsumerAffairs reviewers of Goldco have also been consistently positive. Like most gold IRA providers, you’ll need to speak with a salesperson about the offer’s specifics before deciding. The company’s AI chatbot is the lone weak point in customer care.

Pros & Cons




  • They also have a lot of good reviews from many different places.
  • The company’s buyback scheme makes sure that the best price is paid.
  • They work with all of the prominent people who hold self-directed IRAs
  • The minimum investment is $25,000.
  • When it comes to fees, there needs to be more clarity.

Featured Coins


      Gold Coins

      Silver Coins

  • Gold American Eagle gold coins
  • Gold Maple Leaf coins
  • Gold Freedom and Hope coins
  • American Gold Buffalo
  • Gold Lucky Dragon
  • Silver American Eagle coins
  • Silver Maple Leaf coins
  • Silver Lucky Dragon coins
  • Silver Freedom
  • Silver Great Barrier Reef

Runner up – Incredible Offers on Bullion Products

#2 American Hartford Gold

American Hartford Gold

Rated 4.8/5 Stars

Precious Metals: gold bars and coins, silver bars and coins, platinum, palladium

Website Features: free investment guide,  precious metals education, detailed product, interactive charts and graphs, customizable investment calculators, easy online precious metals ordering, live chat

Why We Chose It

Customer testimonials reveal that the company’s employees are well-versed in the precious metals investment market and kind and friendly.

The company is also well-known for its successful investor education initiative. The service fees charged by the company are likewise flexible. This means the amount you have to pay depends on how often you withdraw money from your IRA.

Pros & Cons



  • Best choice for buyers in bullion
  • The lowest price is guaranteed, and there are no return fees.
  • Bill O’Reilly, Rick Harrison, and other well-known people gave their support.
  • Palladium is not something you can buy.
  • They move transactions along slowly.

A Precise and Efficient Strategy for Asset Repurchasing

#3 Augusta Precious Metals

Rated 4.6/5 Stars

Precious Metals: common gold bullion, common silver bullion, premium gold, premium Silver, IRA eligible coins

Website Features: easy-to-navigate online store, free investment kit request form, precious metals prices, customer service phone and email

Why We Chose It

Isaac Nuriani established Augusta Precious Metals in 2012 and is its chief executive officer. The company’s forte is the coins and bars of silver and gold for your retirement account. Augusta guarantees that every metal it sells is 99.0 percent pure or higher, except American Gold Eagle coins, which are only 91.6% pure. The company’s pricing plan is available to investors on the website.

Internally determined prices are calculated as the sum of a base price (or melt value) and a margin. Supply and demand, consumer confidence, and general economic health are just a few variables that influence the market’s fluctuating prices. Augusta is so sure of its low prices that it dares its customers to compare them to competitors. The standard cooling-off period for new investors is seven days. Once a sale or purchase has been made, it cannot be rescinded. You should contact the business for information on the exact rates, such as the initial setup and the yearly storage costs.

Augusta’s customer support is well-rated on popular review websites. Both the BBB and ConsumerAffairs boast highly positive overall ratings. Augusta’s Gold IRA has a comprehensive FAQ and a simple, straightforward website. The lack of an electronic trading option is the most significant negative.

Pros & Cons



  • The way they buy things has been improved to make buying silver for an IRA easier.
  • The company says that it knows rare and valuable metals because its staff leader of education, Devlyn Steele, is a Harvard-trained economic analyst.
  • On their website, you can also find a map and other learning tools and resources to help you learn more and keep up with the latest changes in silver prices before you decide.
  • They don’t promise to give your assets back.
  • No fees are listed on their website

The Team Consistently Demonstrates Exceptional Performance and Expertise

#4 Birch Gold

Rated 4.5/5 Stars

Other Metals: Silver

Website Features: Educational resources, live chat, spot price charts

Why We Chose It

Birch Gold Group is an industry trailblazer that has made it its mission to spread awareness about and interest in precious metals as an investment vehicle. The firm has earned a stellar reputation as a leader in self-directed precious metals IRAs. Birch Gold Group has an excellent reputation among its patrons, making an A+ from the BBB and a AAA from the Business Consumer Alliance.

When you engage with a trustworthy firm like Birch Gold Group, you won’t have to worry about being a victim of fraud or making a wrong investment decision while purchasing precious metals. If you’re looking for a trustworthy companion on your trip into the world of precious metals investing, you’ve found it in this organization.

Regarding client service and knowledge, Birch Gold Group is the precious metals firm to trust. Customers interested in Gold IRA investments can choose from several packages this company offers.

Includes gold, silver, platinum, and palladium among its many precious metal offerings. This facilitates portfolio diversification at the discretion of the customer.

Pros & Cons



  • $10,000 is the minimum investment
  • Working with different depositories and security companies gives their clients more options.
  • Their staff is approachable
  • It might be better for minor or occasional buyers of rare metals.
  • They take a long time to finish, sometimes up to a month.

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Gold IRA Rollover: What it is?

This type of investment is foreign to most individuals, so learning about it is essential. Assets in a gold IRA rollover are held against the value of actual gold or other precious metals. This choice allows investors to diversify their retirement holdings while exploiting gold’s potential benefits. Read on as we break down the ins and outs of gold IRA rollovers and the pros and cons of investing in one.

It allows you to move the funds from your traditional IRA, Roth IRA, SEP IRA, or 401(k) into physical gold. Investors seeking long-term stability increasingly turn to Gold IRA Rollovers, converting 401(k) accounts to gold.

Gold has long been seen as a haven asset due to its ability to maintain value over time and thrive during economic downturns. Gold’s purchasing power is unaffected by inflation. Thus it may be used even if the value of the currency drops. These features make it a desirable choice for those who want security in times of economic downturn or volatile market conditions.

Gold has not only performed well as an investment, but it also provides unique tax advantages. Since investors only have to pay taxes on precious metals once sold, they can put their gold into an IRA and put off paying taxes until they withdraw the money.

Gold IRA Rollover: Everything You Need to Know

Getting all the information you can about a Gold IRA rollover is essential in making unwise choices. You need to do some research.

Can I buy gold with my 401(k)?

Rollovers from 401(k)s, 403(b)s, and standard IRAs are accepted into gold IRAs, among others. However, eligibility is not guaranteed and may rely on the details of the account in question.

Comparing Gold IRA Rollovers vs Gold Transfers: Their Differences

A 401k to Gold IRA rollover and a gold transfer involve the exchange of gold assets, but they serve different ends and have other ramifications. A self-directed IRA can be established with a dear metals-focused custodian.

On the other hand, it entails transporting one person or organization to another, usually to change ownership. Any two parties, be they individuals, banks, or merchants, can engage in such a trade. In a gold ira transfer, the money or retirement accounts are secondary to the actual delivery of the gold. It can be carried out in several ways, including sending the gold via the mail or meeting face to face.

Rolling Over: Benefits of 401k to an IRA

There are many upsides to converting a 401(k) to an IRA for retirement savings. A 401(k) rollover into an IRA has the following benefits:

Lower Fees

If you have been paying excessive fees for managing and administrating your investments. With millions of dollars available for investment, larger 401(k) plans can take advantage of institutional-class funds, which provide lower expenses than their retail equivalents. Your IRA will have fees, but you’ll have more say over how you spend your money and where it goes than you would with a traditional retirement account.

More Cash Incentives

Banks and other financial companies are eager to collaborate with customers like you and may provide incentives to move retirement savings to them. Some companies may offer trades if there are other options than cash.

Relaxed Rules

Companies have a lot of leeway in setting up their 401(k) plans, so it can take time to understand what is expected of you. However, IRA laws are standardized by the Internal Revenue Service (IRS), so IRAs at different banks are subject to the same restrictions.

Distribution tax laws are a crucial distinction between a 401(k) and an IRA. According to IRS regulations, distribution from a 401(k) must have federal taxes withheld at 20%. You cannot have taxes taken out of your IRA withdrawals.

Avoiding hefty end-of-year income tax penalties, interest, and underpayment costs can be facilitated by withholding a portion of the necessary tax. Instead of automatically withholding 20% of your pay, you can choose a different amount that reflects your tax liability better. This benefit aids in protecting your existing retirement account, allowing the assets to grow tax-free.

Facilitated Estate Organizing

After your passing, your 401(k) will most likely be distributed to your beneficiary in a single, tax-free lump payment. The procedures for disbursing the funds to the former employee vary by plan, but often the company would rather not keep the account open. While there are always tax ramifications, more distribution options are available.

Rolling a 401k to an IRA: What are the Disadvantages?

Due to high costs and restricted investment possibilities, 401(k) rollovers to individual retirement accounts (IRAs) might be advantageous in many situations. There are, however, a few negatives to think about.

Money Market Accounts

In a 401(k) retirement plan, stable value funds are an alternate investing option. Typically offer more excellent interest rates because they are not traded on the stock market. You should stick with your current 401(k) plan if you’re happy with it and want to take advantage of these low-risk investment vehicles.

Expenses on Accounts Go Up

High custodian costs and limited investment options characterize many traditional 401(k) programs. There are 401k providers with reduced maintenance costs and more inexpensive index selections than others. Most 401(k) plans charge an average of 0.85% annually.

IRAs can be opened and managed for free with many online, low-cost providers, but certain brokerages (significantly those offering live financial coaching) may charge a monthly fee. IRA advisory and investment services from robo-advisors typically cost between 0.20% and 0.36% in fees, while some companies offer significantly lower rates.

With an IRA, you can invest whatever you like, making it simple to choose solutions with minimal or no fees. There are cheaper alternatives, but you can if you want to splurge.

Withdrawal Tax Rules

Roth IRAs’ withdrawal limits are more relaxed than 401(k)s, but it’s still important to know the details. If you don’t satisfy the requirements, you could owe taxes and a 10% penalty for withdrawing money too soon.

Guidelines for cashing out a Roth IRA involve:

  • Withdrawals are always free of fees or taxes for the account holder.
  • Withdrawals can be made for things like a first house, college, or other things if you’re under 59.5 or need to meet the 5-year rule.

Unavailability of Loan Options

It would be best to weigh the benefits and drawbacks of taking money out of your retirement account before you do so. Borrowing against your retirement savings could put your future financial stability at risk.

The plan’s guidelines must take out a 401(k) or IRA loan. Only borrow money from your retirement fund if you consider the long-term effects.

You may Lose your Protection from Creditors

401(k) plans typically provide high levels of security from debt collectors. Only in the case of a solitary 401(k) is this not the case.

The anti-alienation rule in ERISA essentially shields your 401(k) from your creditors. Your ex-spouse and the Internal Revenue Service are typically the only people who can access your 401(k), while the ERISA shell protects it during a divorce. You have strong protection from creditors if you have a 401(k).

Requirements for Minimum Distribution

The term “required minimum distribution” (RMD) refers to the bare minimum from your retirement account that must be taken out annually.

Helpful Information for Converting Your 401(k) to a Gold Individual Retirement Account

Gold’s economic significance makes it a desirable metal for individuals seeking to diversify their portfolios. Considering the state of the economy, you can convert some or all of your retirement savings into gold.

Locate a Gold IRA Service Company

Depending on your financial situation and investing goals, a gold IRA rollover can be set up for you. You can fund your gold IRA either pre-tax (with a traditional IRA) or post-tax (with a Roth IRA).

Find the Trustee for Your Self-Directed IRA

Custodians have varying procedures, especially regarding required payments. Consider the costs and services a potential custodian offers before deciding. A self-directed IRA custodian is necessary to invest in gold bullion.

Choose a custodian that allows you to open an account for precious physical metals if you wish to invest in gold. Your assets should be placed in depositories that the custodian can access. Keep in mind that the Internal Revenue Service prohibits individual possession of gold.

Launch a New Account

To convert your 401(k) to a gold IRA, you must first open an account with a custodian. Send the necessary documents to the 401(k) plan administrator and the gold IRA company. Then, your choice of electronic transfer or paper check will be made. Once the money is in your gold IRA, you have many options for where to put it.

To Rollover, or to Do It

Your gold IRA custodian will be invoiced by your dealer when you make a transaction. Your gold will be sent to a safe storage facility run by your gold IRA custodian after receiving payment.

You should double-check that your gold has been sent from the dealer and received by the depository of your custodian. Ensure you have all the necessary paperwork and invoices to prove your purchase.

Purchase Gold

You can utilize the rollover funds to buy precious metals in various forms from the gold IRA firm after they have been deposited into your new gold IRA account. Get the IRS’s blessing before buying gold coins or other collectibles to avoid being a victim of fraud.

Final Thoughts – 401k to Gold IRA Rollover Guide

Gold IRA rollover options in 2023 include Goldco Precious Metals (free IRA rollovers, 10% back in free silver coins), American Hartford Gold (competitive pricing, exceptional customer service), Augusta Precious Metals (free gold with a minimum investment of $50,000), Birch Gold Group (low minimum investment of $10,000, transparent fees), and Red Rock Secured (low annual maintenance fees, various investment options). Careful research is essential before deciding on a Gold IRA rollover. Overall the best gold IRA company is Goldco because of its benefits.

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Frequently Asked Questions

Can you explain the key distinctions between the two types of gold IRAs?

Contributions to a traditional gold IRA are deductible but subject to taxation at withdrawal time. On the other hand, Roth gold IRAs do not provide tax-deductible donations but permit tax-free withdrawals in retirement.

How can I find a trustworthy broker or custodian to manage my gold IRA?

Before settling on a provider, please compare their services, prices, expertise levels, and customer care quality. You can research other investors’ opinions online or ask reputable financial advisors for assistance.

Can just certain kinds of gold be put into an IRA?

Yes. Bullion coins and bars must meet strict purity requirements to be included in an IRA. The American Gold Eagle and the Canadian Gold Maple Leaf are examples.

I would like to know if I can roll over my current IRA into a gold IRA

Yes! Precious metals IRA allows you to move money from another retirement account, such as a standard or Roth IRA, without paying taxes or penalties.

When do I have to worry about selling off my gold IRA?

Gold held in an IRA can be liquidated, and the funds used to grow the account further or pay out the owner. So, you’ll owe taxes, depending on the details of your case.

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