How long did your Gold IRA rollover take from a 401k?
- •Curious what kind of timelines folks are seeing recently for a 401k to Gold IRA rollover?
- •I'm getting antsy over here.
- •The whole process of getting the paperwork straightened out and the funds transferred securely has me a bit on edge.
Curious what kind of timelines folks are seeing recently for a 401k to Gold IRA rollover? I'm getting antsy over here. I've been investing in gold for over 20 years now, and with the way the market's been acting, I just don't trust keeping too much of my retirement eggs in the stock market basket anymore. My portfolio is sitting between $500k-$1M right now, and a decent chunk is still in my old 401k from my auto industry days here in Detroit, even after I retired a few years back. The whole process of getting the paperwork straightened out and the funds transferred securely has me a bit on edge.
I initiated the rollover process about three weeks ago with my Gold IRA provider, and while they’ve been good about communication, it still feels like it's taking forever. They said expect anywhere from 2-6 weeks depending on the custodian, but man, every day feels like a week with this kind of money on the line. I’ve done direct purchases before, but this is my first rodeo with a full 401k rollover, so the scale of it adds an extra layer of stress. I'm imagining that physical gold getting shipped, and just hoping everything goes smoothly.
For those of you who've done this recently, especially from an old 401k, what was your actual timeline from start to finish? Did you run into any unexpected delays? Anything I should be proactively asking my custodian or Gold IRA company to speed things up, or is it just a waiting game from here? Any advice for someone trying to move a substantial portion of their retirement into something tangible like gold right now would be appreciated. Just trying to breathe a little easier knowing others have been through this and it wasn't a nightmare.