My 401(k) Rollover into Gold - Recession Planning (Tulsa here!)

Sharon Evans

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My 401(k) Rollover into Gold - Recession Planning (Tulsa here!)

sharon_evans💰Established (100-250k)

about 1 month ago

Key Takeaways

•It's got me really thinking about what I did a couple of years ago and wanted to get some other perspectives.
•Back in 2022, I finally pulled the trigger and rolled over about $180k from my old 401(k) into a Gold IRA.
•I'm just a secretary, but when you hear it from guys managing multi-million dollar portfolios, you start paying attention, you know?

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Okay, so I've been seeing a lot of chatter lately, both in the news and honestly, just around the office at the oil company, about a potential recession. It's got me really thinking about what I did a couple of years ago and wanted to get some other perspectives.

Back in 2022, I finally pulled the trigger and rolled over about $180k from my old 401(k) into a Gold IRA. I’d been hearing the big wigs at work talk about inflation and economic instability for months, and it really clicked when they started mentioning precious metals as a safe haven. I'm just a secretary, but when you hear it from guys managing multi-million dollar portfolios, you start paying attention, you know? It felt like the smartest move to diversify away from just stocks and bonds, especially with all the volatility.

My thought process then, and still now, was that gold would be my recession proofing. It’s hard to predict exactly when things will go south, but having that tangible asset just feels… safer. I know some people balk at the storage fees or the lack of dividends, but for me, the peace of mind having something that historically holds its value when everything else is tanking is worth it. Plus, I don't need income from it right now; I'm pretty focused on capital preservation.

Anyone else in a similar boat, especially with a recent rollover? How are you feeling about your precious metal holdings right now? Are you planning to add more if things get worse, or are you holding steady? Curious to hear if my fellow investors, especially those who also went the rollover route, are feeling the same way about their decision. Or if you think I'm totally off base, I'm open to constructive criticism too!

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3 comments

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Best Answer▲ 9 upvotes

timothy_reed💎Premium (500k-1m)

Interesting move, especially in 2022. While I totally get the desire for recession-proofing and the appeal of gold as a hedge, I'm a bit more skeptical about going all-in, or even a significant chunk, of a 401(k) into a Gold IRA. Diversification is key after all. You lose out on potential growth from other asset classes, and the fees for storing physical gold can eat into your returns. Hope it works out for you, but I personally wouldn't put all my eggs in that shiny basket.

Comments (3)

charles_lewis💎Premium (500k-1m)Real Investor•about 1 month ago

Hey, totally feel you on the recession anxiety. I made a similar move back in late 2022 too, though a bit smaller scale. Had some old 401k funds just sitting there from a previous job, and with all the talk, I decided to roll a portion into a Gold IRA.

It's been interesting to watch, and honestly, the peace of mind has been worth it. Glad to see someone else thinking proactively!

matthew_murphy👑Elite (1m-5m)Real Investor•about 1 month ago

Interesting! You mentioned doing this back in 2022. I'm curious, did you go with a specific gold IRA custodian, or did your regular brokerage firm offer that as an option?