Gold IRA Rollover & 401k
Watch Our 3-part Video Series on Gold IRA Rollovers
Traditional 401(k) plans generally offer several investment choices, but they limit the asset classes available. Although you may be able to invest in precious metals funds, gold and silver mining stocks, and other similar paper products, standard 401(k) plans do not include an option to invest in physical gold or silver.
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To Find Out How SchiffGold Can Help You Convert Your IRA or 401(k) into Physical Gold
Frequently Asked Questions
Can I buy & own physical Gold & Silver coins or bullion as part of my 401(k)?
Traditional 401(k) plans generally offer several investment choices, but they limit the asset classes available. Although you may be able to invest in precious metals funds, gold and silver mining stocks, and other similar paper products, standard 401(k) plans do not include an option to invest in physical gold or silver.
Self-directed IRAs do. Under this type of plan, you can invest in physical gold, silver, platinum, and palladium coins and bars, as long as they meet certain standards.
Can I rollover from my current IRA or 401(k) retirement account?
Yes, if you currently have a 401(k) or IRA, you can likely roll it over into a self directed plan. In fact, most precious metals retirement plans at SchiffGold begin with a rollover.
The current law allows for transfers from IRAs, as well as rollovers from other qualified retirement plans. These include 401(k), 401(a), 403(b), 457, Thrift Savings Plan (TSP), and annuities.
If you already have a 401(k) plan, the first step is to determine find if it is eligible for an “in-service rollover.” If so, this may allow you to move a portion of the funds from your current employer-provided 401(k) into a self-directed IRA. If you ever split with the employer who provided your 401(k), you will also have the option of rolling your savings into an IRA.
SchiffGold precious metals specialists can help walk you through this process.
Is a self-directed IRA required to add physical Gold & Silver to my 401(k) account?
Self-directed IRAs including precious metals will help you meet two important retirement goals. They combine the wealth-preserving power of the ultimate safe-haven assets with the tax benefits of an IRA.
But you will need to establish a self-directed IRA before you can take advantage of these benefits.
Generally, conventional plans do not allow diversification into physical gold because of the special circumstances that go along with precious metal ownership. These include storage, insurance, and custodial responsibilities. Self-directed IRAs open the door for precious metals investing while retaining all of the rules pertaining to tax treatment that apply to conventional retirement plans.
Once you get an account set up, you will be able to invest retirement funds directly into gold and silver coins and bullion. At that point, you can have your metals physically allocated with a third-party custodian.
In order to purchase precious metals in physical form as part of your retirement planning, you will first need to establish a new account with a trustee that allows self-directed retirement plans. You can then transfers funds from your current trustee (custodian) to the new trustee that allows these special transactions.
Can SchiffGold help me choose a reputable custodian to setup a self-directed IRA?
Absolutely!
We have developed direct working relationships with multiple trust companies that offer self-directed plans. For more information, talk to one of our precious metal specialists today!
What services does the custodian in my retirement plan provide?
Self-directed custodians do not render investment advice. They simply provide administrative and reporting services. Custodians also work with various vendors, such as SchiffGold, to offer and facilitate specific, allowable precious metals investments under the Internal Revenue tax code.
Do to the fact that custodian rates change over time and the service offerings can also change we no longer provide a guide that can easily become outdated quickly. As a precious metals dealer SchiffGold works with a number of 3rd party custodians and our recommendations are always based on an individuals specific needs and long term investment plan.
With that said that we’d be happy to discuss the various custodian storage options that make the most sense for you.
Call 1-888-465-3160 to speak to a SchiffGold representative today
What are the steps in setting up a gold IRA rollover?
Setting up a gold rollover is a simple, straightforward process.
After an initial telephone consultation, we will send you an e-mail with links to the two trust companies we use to administer the program. You will then choose which trust company you prefer. Once you choose a company, you will submit completed paperwork by e-mail, fax, overnight courier, or standard US Mail.
The two trustees involved in the rollover will handle the actual process of opening and funding your new account. Generally it takes around two weeks or less to transfer funds from the current trustee to the new trustee.
Once the transfer is complete, you can contact SchiffGold to purchase metals for your IRA or 401(k).
What if I have more questions?
There is no single one size fits all precious metals investment advice for everyone. Each person’s situation is different. That’s the advantage of working with SchiffGold. The advice provided by our precious metal brokers is specifically tailored to your individual needs.
Start the process by writing out a list of every question you can think of. Then give us a call! at 1-888-465-3160 to speak to a precious metals specialist.
Call 1-888-465-3160 or fill out the form below:
Our Gold and Silver Coin Top Picks for Your 401(k) Retirement Portfolio
1 oz Gold Canadian Maple Leaf
1 oz Gold American Eagle
1 oz Silver Canadian Maple Leaf
1 oz Silver American Eagle
Choosing the right gold firm can mean the difference between success and failure as a gold owner. Choose the right firm and it will help you stay the course on protecting your assets from economic uncertainties. Choose the wrong firm and your funds can be diverted to an assortment of bullion-related investments and/or derivative investments that are not truly asset preservation vehicles.
Peter Schiff – Founder