Rolled over ~70k from old 401k to Gold IRA - my

Dude, awesome to hear! I just did something super similar, though with a much smaller amount. Had an old 401k from a job years ago just sitting there, and after reading up on Gold IRAs, decided to take the plunge. It was way smoother than I expected, honestly. Glad it worked out for you too!

Hey, that's awesome you finally got it done! Since you own a jewelry store, I'm curious if your experience with precious metals through your business helped you choose a specific type of gold for the IRA, or if the IRA options are pretty standard across the board?

That's an interesting move, especially with your background. While I totally get the appeal of physical assets, $70k is a pretty significant chunk to put into a Gold IRA. Did you consider the potential for diversification even within the precious metals space, or perhaps keeping a smaller portion in more traditional investments for growth? Just curious about the thought process behind going all-in on gold with that amount.

Hey, glad to hear your rollover went smoothly! That's a significant chunk of change to move, good for you for taking control.

Since you're already familiar with precious metals through your jewelry store, you probably know the ins and outs of spot prices and premiums. But for anyone else reading this thinking about a Gold IRA, it's super important to understand the difference between the spot price of gold (what you see on financial news) and the actual price you'll pay for physical gold, which includes a dealer premium. Always get a clear breakdown of all costs before committing! ConsumerAffairs has a decent explainer on this if anyone needs a refresher: https://www.consumeraff

It's interesting to hear about your experience, especially with the 70k rollover – a good chunk of change. I've been in a Gold IRA for a few years now with a bit more invested, and while I appreciate the *idea* of physical gold as a hedge, I've honestly found the returns somewhat underwhelming compared to other diversified parts of my portfolio. The storage fees and bid-ask spread on some of the coins I looked at when I first diversified from my Spokane real estate holdings really made me pause. For me, it feels more like an insurance policy than a growth engine.

Glad to hear your rollover went smoothly. I did the same back in '08 with a chunk of my 401(k) – not quite 70k, but a substantial amount for me at the time. Honestly, watching the market tank that year from my porch here in Charleston, knowing I had physical gold safely tucked away, was one of the most calming financial experiences of my life. Peace of mind is a commodity you can't put a price on.

This is fantastic, genuinely appreciate you sharing your experience rolling over that 401k! Your post just solidified some of the thoughts I've been having after putting *about* $110k of my own retirement savings into a Gold IRA earlier this year from a previous employer's defined contribution plan. It's really helpful to see other people's journeys, especially with similar amounts.

It's great to hear about your positive experience, and that 70k is a solid start for a precious metals IRA! I actually went a different route when I converted a portion of my old 401k a few years back – decided to keep a significant chunk of it in traditional equities and only moved about 150k into a Gold IRA. For me, diversification across asset classes, not just within precious metals, felt like the more prudent long-term play, especially watching the Cleveland market trends evolve.

Oh wow, 70k is a solid chunk! I'm just starting to dip my toes in the Gold IRA waters myself – thinking about moving a decent portion, maybe 5-8% of my 401k, which would be around $50k-$80k. I'm in Honolulu, so the idea of physical gold always feels a bit more tangible out here in the middle of the Pacific. Did you look into segregated storage options, or just stick with comingled? And how was the whole rollover process with a smaller amount? My concern is feeling like small fish in a big pond.

Good for you, OP. I'm seeing a lot of folks here celebrating this move, which is par for the course in these subs. While I've personally got a decent chunk of my portfolio, north of 7 figures, in physical metals held within an IRA, I think it's worth acknowledging that for many, especially with "only" $70k to roll, the fees and storage costs can eat away at those gains quicker than you might anticipate. It's not always the slam dunk everyone makes it out to be unless you're truly in it for the long, long haul – and even then, in my experience owning physical since '08, it’s about capital preservation as much as growth.