My Gold IRA rollover took WAY longer than expected. Anyone else?
- •I just finished up a partial rollover from my old 401k into my Gold IRA, and man, that process took an absolute age.
- •I moved about $150k out of a total $600k 401k to diversify a bit more, and it felt like pulling teeth.
- •My previous rollovers, even just a few years ago, felt much smoother.
I just finished up a partial rollover from my old 401k into my Gold IRA, and man, that process took an absolute age. I've been investing in gold for a good 15 years now, started back when I was still elbow-deep in the oil fields here in Dallas, and this timeline blew my mind. I moved about $150k out of a total $600k 401k to diversify a bit more, and it felt like pulling teeth.
My previous rollovers, even just a few years ago, felt much smoother. This time, from the initial paperwork with the custodian to actually seeing the physical gold secured in the depository, it was nearly eight weeks. I was expecting something closer to 4-6, maybe 7 at a push. The communication between my old 401k provider and the new Gold IRA custodian felt like it was happening via carrier pigeon. Is this the new normal? Or did I just get unlucky with some internal slow-downs?
The folks at the gold company were great, don't get me wrong. They kept me updated as best they could, but it really seemed like the delays were on the big institutional side. It just adds unnecessary stress, especially when you're talking about a significant chunk of change. Anyone else out there gone through a 401k to Gold IRA transfer recently? What was your timeline like? Did you experience similar holdups?