Did a Roth IRA rollover into a Gold IRA and feeling good about inflation

Joyce Cooper

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Did a Roth IRA rollover into a Gold IRA and feeling good about inflation

joyce_cooper📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Just wanted to share my experience with a Roth IRA rollover I did about six months ago.
•I've been feeling increasingly anxious about inflation, especially seeing the price of everything jump here in Little Rock.
•Groceries, gas – it all adds up.

The 3-step rollover process explained

Just wanted to share my experience with a Roth IRA rollover I did about six months ago. I've been feeling increasingly anxious about inflation, especially seeing the price of everything jump here in Little Rock. Groceries, gas – it all adds up. As a principal, I'm constantly talking about financial literacy with my students, so it felt hypocritical to just sit on my hands and watch my retirement savings lose purchasing power.

I had about $80,000 in my Roth IRA that was mostly in some standard market funds. After a lot of research, I decided to pull the trigger and roll a good chunk of that, about $60,000, into a Gold IRA. The process was surprisingly smooth. My previous custodian made it a little more of a paperwork headache than it probably needed to be, but the Gold IRA company walked me through everything. I was worried it would be some super complicated, long drawn-out thing, but it really wasn't.

Now, six months in, I'm definitely feeling a lot more secure. While the stock market has had its ups and downs, knowing I have a solid portion of my retirement savings tied to a tangible asset like gold gives me a lot of peace of mind. It’s not about getting rich overnight, but more about preserving what I’ve already worked so hard for. I’m thinking about rolling over another $10,000 from my checking to my Roth for more gold, just as another hedge against inflation before I retire in a few years.

Has anyone else here done a similar Roth rollover to gold for inflation protection? What's been your experience? Any regrets or things you wish you'd known beforehand?

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8 comments

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Best Answer▲ 14 upvotes

jennifer_martinez💰Established (100-250k)

Genuinely curious — has anyone here actually tried to liquidate from their gold IRA? How smooth was that process?

Comments (8)

michael_anderson🏆Advanced (250-500k)Real Investor•about 2 months ago

Dude, I hear you! I actually did something similar last year. Had an old 401k from a previous job that was just kind of... sitting there. The inflation talk got to me too, and honestly, seeing my portfolio just kinda *tread water* was getting old. Rolled a chunk of it into a Gold IRA and it's been a massive stress reducer. Just feels good to have that diversification, you know?

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

That's interesting to hear! When you say "Roth IRA rollover into a Gold IRA," did you convert your existing Roth funds into physical gold held in a new Gold IRA, or did you do something else entirely? I'm curious about the specific mechanics of that.

helen_turner💰Established (100-250k)Real Investor•about 2 months ago

Hey, that's interesting you went with a Gold IRA for your Roth rollover. While I totally get the inflation anxiety – seriously, gas prices are wild – I'm a bit more skeptical about gold being the ultimate inflation hedge, especially for a Roth. The tax benefits of a Roth are so powerful, and tying it up in a non-income-producing asset like physical gold always makes me a little nervous about missing out on potential growth from other investments that could keep pace or even outpace inflation more effectively. But hey, if it gives you peace of mind, that's worth something!

ronald_morris👑Elite (1m-5m)Real Investor•about 2 months ago

Awesome to hear you're feeling good about your decision! It's definitely smart to think ahead, especially with inflation concerns. One thing I found super helpful when researching my own Gold IRA was looking at the historical performance of gold during periods of high inflation. It really solidified my confidence.

For anyone else considering it, a quick Google search for historical gold performance during inflation can provide some great insights. It's empowering to see how gold has acted as a hedge in the past!