Anyone seen faster 401k to Gold IRA transfers? Mine's dragging...
- •Okay, so I finally pulled the trigger on rolling over part of my old 401k into a Gold IRA.
- •I put about $75k into it – not my whole 401k, but a good chunk I felt comfortable with.
- •Well, we're at the three-week mark, and it still feels like it's moving at a snail's pace.
Okay, so I finally pulled the trigger on rolling over part of my old 401k into a Gold IRA. I'm a government employee here in Albuquerque, and I've been wanting to diversify beyond my pension for a while, especially with all the market volatility lately. I put about $75k into it – not my whole 401k, but a good chunk I felt comfortable with. The paperwork was all submitted about three weeks ago, and I was told to expect the whole thing to be finalized and the gold rounds to be in the depository within 2-3 weeks. Well, we're at the three-week mark, and it still feels like it's moving at a snail's pace.
I understand there are processes involved, and I'm not expecting instant gratification, but I'm getting a little antsy. My advisor says everything is "in process" but can't give me a firm date. Is this typical? Has anyone gone through a 401k to Gold IRA transfer recently and can share their timeline? Did it actually take longer than the initial estimate?
Mentally, I'm trying to figure out if I just need to be more patient or if there's something I should be pushing on. I used that Tax Calculator tool a bunch when I was deciding how much to roll over, which was super helpful for understanding the tax implications, but it obviously doesn't help with transfer speed! It just makes me want to see the new asset allocation even more. For those who've done it, what was your experience with the transfer timeline from initial contact to the gold actually being secured in the depository? Any significant delays?