Gold IRA transfer timeline - Anyone else seeing delays?
- •Hey all, hoping to tap into the collective wisdom here.
- •I initiated a 401k to Gold IRA rollover about three weeks ago, and I'm starting to get a little antsy about the timeline.
- •My Roth 401k is with Fidelity, and I’m transferring it to Augusta Precious Metals.
Hey all, hoping to tap into the collective wisdom here. I initiated a 401k to Gold IRA rollover about three weeks ago, and I'm starting to get a little antsy about the timeline. My Roth 401k is with Fidelity, and I’m transferring it to Augusta Precious Metals. I'm moving about $150k of my portfolio into physical gold and silver, and the idea was to get this done well before the end of the year to lock in some prices and seriously diversify before the election craziness really ramps up. Planning to retire in the next 5-7 years, probably down to Florida, and I'm really trying to get all my ducks in a row.
I feel like the whole process has been moving at a snail's pace, especially on the Fidelity side. Augusta has been pretty responsive, walking me through the paperwork and giving me the rundown on the metals. But every time I check in with Fidelity, it's "it's in process" or "we're reviewing the necessary documentation." My transfer agent at Augusta said it typically takes 2-4 weeks, but we're hitting the upper end of that already, and I haven't even gotten to the actual metal selection and shipping part yet. Is this normal? Am I just being impatient?
For those of you who have done similar rollovers, especially from a 401k/Roth 401k, what were your timelines like? Did you experience any hold-ups with your previous custodian? Any tips or tricks to speed things up? I'm in Minneapolis, so maybe there's some local insight, but I assume the big firms operate pretty uniformly nationwide. Just feeling a bit frustrated and wondering if this is a common experience or if I should be pushing harder.