Finally cashing in a bit on a Gold IRA rollover – feeling

Ruth Perez

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Finally cashing in a bit on a Gold IRA rollover – feeling

ruth_perez📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Just wanted to share a mini-success story, mostly for anyone feeling a little antsy about their precious metal holdings.
•I rolled over an old 403(b) into a Gold IRA back in 2018 – about $80k at the time, all physical gold held in a depository.
•Fast forward to today, after watching the market swing and gold do its thing, I decided to take a little off the top.

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Just wanted to share a mini-success story, mostly for anyone feeling a little antsy about their precious metal holdings. I rolled over an old 403(b) into a Gold IRA back in 2018 – about $80k at the time, all physical gold held in a depository. I'm a government employee here in Albuquerque, so between my pension and some other investments, this was always meant to be a supplemental, long-term thing, diversifying away from just paper assets.

Fast forward to today, after watching the market swing and gold do its thing, I decided to take a little off the top. Not cashing out, just rebalancing. I sold about $15k worth of my gold to put towards some home improvements – finally getting that kitchen remodel done that my wife has been dreaming about! It felt pretty great seeing that money come through and knowing it was built on something so tangible. The process was straightforward with my custodian, which was a relief. Honestly, there were times those last few years where I wondered if I'd done the right thing, especially when gold was flat, but I stuck with it.

I still have a good chunk in there, probably around $95k now, and plan to keep it for the long haul. It's really helped me sleep better at night knowing a portion of my retirement isn't just tied to the stock market's whims. Plus, as a government worker, I appreciate having that extra layer of security beyond my pension. Anyone else here recently take advantage of their gains? Or perhaps rebalanced their portfolio a bit? Curious to hear others' experiences with actually pulling some money out of their Gold IRA.

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5 comments

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Best Answer▲ 10 upvotes

thomas_walker🏆Advanced (250-500k)

Totally feel this! I did a similar rollover from an old 401k into a Gold IRA in late 2019, around $65k. Saw a healthy bump when I checked it recently. It's definitely a relief to see those precious metals doing their thing!

Comments (5)

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Nice! Love hearing these stories. I did a similar rollover from an old 401k into a Gold IRA a few years back, just a bit after you did. Honestly, it was more for peace of mind at the time, but seeing the steady gains has been pretty sweet. Congrats on the win, dude!

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•about 2 months ago

That's awesome to hear! Congrats on the good timing with the rollover. You mentioned it's all physical gold in a depository – super interesting. Did you specifically choose a company that offered segregated storage, or was that just the standard offering for the amount you rolled over?

maria_campbell📊Growing (50-100k)✓ Verified•about 2 months ago

That's awesome to hear you're seeing some returns! It's definitely satisfying when a long-term play like that works out.

My only thought, and this is just playing devil's advocate a bit, is that 2018 to now has been a pretty wild ride for the stock market too. I wonder how the $80k would have fared if it had just stayed in a diversified 403(b) or a low-cost index fund during that same period. Purely hypothetical, of course, and not to diminish your win!

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Nice! Always good to hear about someone seeing some gains, especially with all the market weirdness lately. If anyone else is looking into rolling over an old 401k or 403b, make sure to check out the IRS guidelines on rollovers. It's super important to get it right to avoid any tax surprises.