My 401k to Gold IRA - How long did your transfer take?
- •I'm moving about $75,000 from an old 401k that's just been sitting there from a previous job.
- •Not to mention, having something outside the traditional financial system feels responsible for my family's future.
- •I initiated the transfer process last Wednesday, so it's been about five business days now.
Okay, so I've been doing my due diligence on getting some of my retirement funds into a Gold IRA, and after a lot of research and talking to a few different companies, I finally pulled the trigger. I'm moving about $75,000 from an old 401k that's just been sitting there from a previous job. As a small-town mayor here in Boise, I'm always thinking about community stability and long-term planning, and honestly, the current economic climate just makes physical assets feel a lot more… well, tangible. Not to mention, having something outside the traditional financial system feels responsible for my family's future.
I initiated the transfer process last Wednesday, so it's been about five business days now. The company I'm working with (won't name them here, but they came highly recommended) said it could take anywhere from one to three weeks. I know that's a pretty wide range, and I'm generally a patient person, but I'm also really eager to see that gold actually allocated and sitting in the depository. I'm imagining those physical bars and coins – it's a different feeling than just seeing numbers on a screen.
Anyone else here go through a 401k rollover to a Gold IRA recently? How long did yours actually take from start to finish? Did you experience any unexpected delays or was it smoother than you anticipated? Just trying to get a feel for what's 'normal' from real people who've done it. Thanks in advance for any insights!