Rolled over 401k to Gold IRA - my experience with APMEX and Augusta

Jennifer Martinez

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Rolled over 401k to Gold IRA - my experience with APMEX and Augusta

jennifer_martinez💰Established (100-250k)

about 1 month ago

Key Takeaways

•Just wrapped up my 401k rollover into a Gold IRA and wanted to share my experience, in case it helps anyone else on the fence.
•I've been eyeing this for a while, especially with all the talk about inflation and the housing market uncertainties here in Miami.
•I had about $180k in my old 401k from a previous employer, and it was just sitting there, not really growing much and making me a bit nervous.

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Just wrapped up my 401k rollover into a Gold IRA and wanted to share my experience, in case it helps anyone else on the fence. I've been eyeing this for a while, especially with all the talk about inflation and the housing market uncertainties here in Miami. As a real estate agent, I see firsthand how fast things can change, and I really wanted to diversify my retirement savings beyond just stocks and bonds.

I had about $180k in my old 401k from a previous employer, and it was just sitting there, not really growing much and making me a bit nervous. I did a lot of research, narrowing it down to a few companies. I ended up going with Augusta Precious Metals for the Gold IRA itself and then used APMEX for the actual gold coins (American Gold Eagles and some Canadian Maples). The process with Augusta was surprisingly smooth. Their rep, I think his name was Mark, walked me through all the paperwork and answered my ridiculous number of questions. It felt less like a sales call and more like a consultation, which I appreciated. The whole thing from initial contact to the funds being transferred took about three weeks, which felt pretty efficient.

Transferring the funds directly from my old 401k custodian to the new IRA custodian was the most straightforward part. Then came the fun part of actually choosing the metals with APMEX. Prices fluctuate, obviously, so I was watching them like a hawk. I feel pretty good about the metals I bought – they’re in a secure depository in Delaware, which gives me peace of mind. My main goal here isn't to get rich quick, but to protect a good chunk of my retirement nest egg from economic downturns. It's a long-term play for me.

Anyone else here recently go through a similar rollover? What were your thoughts on the process or the companies you used? Always curious to hear other perspectives since I'm still relatively new to this side of investing.

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12 comments

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Best Answer▲ 19 upvotes

matthew_murphy👑Elite (1m-5m)

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

Comments (12)

maria_campbell📊Growing (50-100k)✓ Verified•about 1 month ago

Hey, thanks for sharing your experience! It's super helpful to hear about real-world rollovers, especially with inflation being such a big concern lately.

One thing I'd recommend for anyone looking into this is to also check out the fees associated with different custodians. Sometimes the annual storage and maintenance fees can vary quite a bit, and it's good to factor that into your long-term plan. A quick search for "gold IRA custodian fees" brings up some good comparison charts.

diane_bailey💰Established (100-250k)Real Investor•about 1 month ago

Hey, super timely post! I literally just finished a similar rollover from an old 401k into a Gold IRA myself, though I went with Noble Gold. Like you, the inflation talk was a big driver, felt like a no-brainer to diversify some of my retirement savings. So far, the process has been surprisingly smooth, which was a huge relief.

michelle_collins🏆Advanced (250-500k)Real Investor•about 1 month ago

Hey, glad to hear your rollover went smoothly! That's a solid move, especially with how things are looking. You mentioned APMEX and Augusta – did you use both for different aspects of the process, or did one stand out more for a particular reason?

gary_stewart📊Growing (50-100k)•about 1 month ago

Hey, glad to hear your rollover went smoothly with APMEX and Augusta! It's definitely a popular move right now with all the economic uncertainty. While a Gold IRA can be a good hedge, it's also worth remembering that it's not without its own risks. Gold, like any asset, can be volatile, and you're also tying up capital in a less liquid asset. Just something to keep in mind, alongside the inflation protection, for those looking at it.

dorothy_lopez💰Established (100-250k)Real Investor•3 days ago

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•3 days ago

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•3 days ago

My advisor told me 10-15% in gold is the sweet spot but I went heavier. We'll see how it plays out.

richard_garcia👑Elite (1m-5m)Real Investor•3 days ago

This mirrors what I've been seeing too. The macro environment right now is making a strong case for physical metals.

matthew_murphy👑Elite (1m-5m)Real Investor•3 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

joyce_cooper📊Growing (50-100k)✓ Verified•3 days ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.