Gold IRA BlueprintForum
    Back to forum
    📰 Silver News

    Anyone else deal with a slow 401k admin on their Gold IRA rollover?

    Key Takeaways
    • Finally got my 401k rollover into a Gold IRA done last month and man, what a pain that was.
    • The 'how' turned out to be a bit more of a headache than I anticipated, purely because of my old 401k administrator.
    • It took nearly six weeks from my initial request to finally get the funds transferred.
    Get the free Gold IRA guide

    Finally got my 401k rollover into a Gold IRA done last month and man, what a pain that was. I've been watching the commodities market for decades, ever since my early days in steel down in Birmingham, so I felt pretty confident in the 'why' of getting into physical gold. The 'how' turned out to be a bit more of a headache than I anticipated, purely because of my old 401k administrator.

    It took nearly six weeks from my initial request to finally get the funds transferred. Six weeks! I swear they were intentionally dragging their feet, probably hoping I'd just give up or something. I had about $380k sitting in that old 401k, and the thought of it just sitting there while I was trying to diversify into something more tangible was driving me nuts. My Gold IRA custodian was rock solid and really helped push things along, but there's only so much they can do when the other side is moving at a snail's pace. Has anyone else experienced this kind of delay with their old 401k providers?

    I feel a lot better now that it's all squared away. Having that physical gold in a secure depository just feels right, especially with all the economic uncertainty floating around. I've been doing a lot of reading on market trends and historical gold performance – actually found a lot of good, in-depth articles on the Learning Center. It helped me confirm my decision was sound, even when I was getting frustrated with the rollover process itself.

    Anyway, just wanted to vent a bit and see if anyone has tips for dealing with sluggish 401k admins for future reference. Or maybe I just got unlucky. What's been your experience?

    162
    3 comments

    12,000+ investors requested this guide last month

    Find out why retirees are moving savings into gold. Free kit, no obligation.

    523 people viewed this today68 members requested a free kit this week103 investors bookmarked this
    Best Answer▲ 5 upvotes
    D
    diane_bailey💰Established (100-250k)

    Ugh, tell me about it! I had a similar experience with my old 401k admin. It felt like they were actively trying to slow down the process. Took me way longer than it should have to get my funds moved over for my silver IRA. Glad you finally got it sorted though!

    Comments (3)

    5
    diane_bailey💰Established (100-250k)Real Investor10 days ago

    Ugh, tell me about it! I had a similar experience with my old 401k admin. It felt like they were actively trying to slow down the process. Took me way longer than it should have to get my funds moved over for my silver IRA. Glad you finally got it sorted though!

    3
    robert_thompson💰Established (100-250k)Real Investor✓ Verified10 days ago

    Congrats on getting it done! Sounds like a bit of a marathon. You mentioned being confident in the 'why' and it being a pain on the 'how' -- was the difficulty mostly with the 401k administrator side of things, or were there other parts of the "how" that were surprisingly tricky?

    2
    ashley_baker💼Starter (0-50k)✓ Verified10 days ago

    Huh, interesting. I guess I had the opposite experience. My 401k administrator was actually pretty on the ball and the transfer went smoother than I expected. It was the Gold IRA company themselves that felt like they were dragging their feet a bit with all the paperwork.

    Glad you got yours sorted out though, always a relief when those kinds of things are finalized.

    The biggest mistake retirees make with their 401(k)

    Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

    Related Discussions

    Inherited IRA to Gold - What are your experiences?

    ▲ 31430 comments

    Rebalancing & Gold - Looking for thoughts on what others are doing

    ▲ 28634 comments

    Gold IRA for inflation protection - my experience

    ▲ 27527 comments

    Seriously considering adding more gold, inflation feels like a freight train

    ▲ 27326 comments

    Gold vs. Silver Allocation - Trying to optimize for long-term growth

    ▲ 27210 comments

    Explore Other Topics

    🥇 Gold IRA

    This RMD Calculator Took a HUGE Weight Off My Mind!

    🔄 Rollover

    Rolled over some more to Silver, finally.

    🥈 Silver IRA

    Silver IRA allocation and the market timing discussion

    🥇 Gold IRA

    Gold IRAs: Complicated? Confusing? ⚠️ **Think Again!** Your Rollover Fears Are Overblown! ⚠️