Rolled my old 401k into gold, feeling good about it

Gary Stewart

Back to forum

🏢 Gold Companies

Rolled my old 401k into gold, feeling good about it

gary_stewart📊Growing (50-100k)

about 1 hour ago

Key Takeaways

•Just wanted to share my experience for anyone out there thinking about it.
•I had around 80k sitting in an old 401k from a previous gig.
•With all the volatility lately, and being in agriculture here in Fresno, I’m a big believer in tangible assets.

Download the free rollover checklist

Just wanted to share my experience for anyone out there thinking about it. I had around 80k sitting in an old 401k from a previous gig. With all the volatility lately, and being in agriculture here in Fresno, I’m a big believer in tangible assets. You can't eat a stock certificate, but you can always liquidate a bar of gold if things go south, right?

I started looking into a Gold IRA a few months back. I'd heard about it but never really dove in. The process was surprisingly smooth. I worked with a company – won't name them specifically but they had good reviews and weren't pushy – and they helped me with the direct rollover. It meant moving the funds from my old 401k straight into a new self-directed IRA that could hold physical gold. The whole thing took about 3 weeks from my initial contact to having the gold securely stored.

The upfront fees were a bit of a sting, not gonna lie, but it wasn't outrageous. And for the peace of mind of having a portion of my retirement savings really diversified, I think it's worth it. Knowing I have some real weight in my portfolio, not just numbers on a screen, makes me sleep a lot better, especially with all the talk about interest rates and inflation.

Anyone else here in a similar boat, or have you considered diversifying into precious metals with your retirement accounts? What were your biggest concerns or successes? Always curious to hear other folks' perspectives on this.

3 comments

12,000+ investors requested this guide last month

Find out why retirees are moving savings into gold. Free kit, no obligation.

Under $100k? Compare options →

17 people viewed this today3 members requested a free kit this week3 investors bookmarked this

Best Answer▲ 10 upvotes

jennifer_martinez💰Established (100-250k)

Hey, that's awesome you pulled the trigger on that! Quick question: when you say "volatility lately," were you referring more to the stock market, or something else specific that pushed you toward gold? Just curious about your thought process there.

Comments (3)

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

Dude, I can totally relate to this. I did something similar with an old 401k from a teaching job a few years back. The market felt so shaky, and honestly, the thought of having something *real* just felt right. No regrets here either!

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

donna_rogers🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, I hear you on wanting tangible assets, especially with the current climate. And if it gives you peace of mind, that's definitely worth something. But 100% of your retirement into one asset class, even gold, feels pretty concentrated to me. Haven't seen too many people *eat* gold bars either, though I guess you could trade them for food.

Just food for thought, literally. Diversification is usually the name of the game for a reason. Hope it works out well for you!

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →