Just finished my 401k to Gold IRA transfer - took longer than I thought, anyone else?
- •Finally got everything squared away with my Gold IRA rollover from my old 401k.
- •Man, that process was a bit more drawn out than I initially expected.
- •I started the whole thing about two months ago, and just got the confirmation last week that the physical gold is in the vault.
Finally got everything squared away with my Gold IRA rollover from my old 401k. Man, that process was a bit more drawn out than I initially expected. I started the whole thing about two months ago, and just got the confirmation last week that the physical gold is in the vault. I'm based here in Fresno, running my ag business, and with all the uncertainty around, I really wanted to get some of my retirement savings into something tangible. My portfolio is sitting right around the $75k mark that I decided to convert.
I feel a lot better having a good chunk of that locked up in precious metals. With how crazy the market's been, and frankly, all the chatter I hear down at the co-op about inflation, having real assets just makes sense to me. My financial advisor (who thankfully understood my reasoning, even if he did try to push some more tech stocks) said it'd be a smooth couple of weeks, but it ended up being closer to eight. Most of that seemed to be on the old 401k custodian's side, dragging their feet with the paperwork and then the actual wire transfer.
Anyone else go through this recently? What was your timeline like for getting everything from your old 401k into a Gold IRA? Did you run into any snags with your previous custodian? I'm just curious if my experience was typical or if I just got unlucky with some slow-moving bureaucrats.