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    Rolled over a chunk of my old 401k into a Gold IRA - thoughts on silver coins for the rest?

    Key Takeaways
    • Finally bit the bullet and rolled over about $150k from my old employer's 401k into a Gold IRA.
    • Had it sitting there doing...
    • well, not much exciting.
    Download the free rollover checklist

    Finally bit the bullet and rolled over about $150k from my old employer's 401k into a Gold IRA. Had it sitting there doing... well, not much exciting. My financial advisor (who mostly helps me keep the horse farm books straight, honestly) suggested looking into it as a hedge, especially with all the talk about inflation and the general weirdness of the market lately. The process itself was pretty straightforward, surprisingly. Once I picked a custodian, they handled most of the grunt work with the old 401k administrator. Took about four weeks from start to finish to see the gold bars show up in my account statement.

    I'm feeling pretty good about having a portion of my portfolio in something tangible. It's not about getting rich overnight, but more about preserving some wealth. We've had a good run with the farm, and while I'm not exactly counting my pennies, I'm also practical about money. You don't get through a few tough seasons without learning to be. Anyway, I still have another $50k or so in that old 401k that I'm considering rolling over as well, and I'm wondering if dipping into silver coins for that portion makes sense.

    I've been looking at some of the options for IRA-approved silver, and the coins seem interesting. I know silver's more volatile than gold, but it's also a lower price point per unit, which feels like it might give me a bit more flexibility down the line. Plus, there's something appealing about having actual coins vs. just more bars. Anyone here have experience with silver coins in their Gold IRA? Any specific types you prefer, or things to watch out for beyond the usual dealer markups? Being here in Louisville, it's not like I have a ton of local shops to just browse around, so relying a lot on online info.

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    5 comments

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    Best Answer▲ 10 upvotes
    R
    robert_thompson💰Established (100-250k)

    Congrats on getting that 401k moved, glad it's doing something more interesting now!

    Personally, I'd be a bit cautious about putting more into silver right after a big gold allocation. While I get the diversification play within precious metals, sometimes it feels like putting all your eggs in different baskets, but they're all still in the same fridge, if that makes sense. Might be worth considering other asset classes for the rest of that allocation, even if it's just a small percentage, to truly diversify beyond just precious metals.

    Comments (5)

    2
    william_davis💎Premium (500k-1m)Real Investor2 days ago

    Dude, I literally just did the same thing with a chunk of an old 401k from a company I left like 5 years ago. It was just sitting there, barely beating inflation. My advisor said something similar about hedging. I went all gold for now, but I've been eyeing silver as well. Let me know what you decide!

    6
    thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified2 days ago

    Congrats on getting that 401k moved over! Sounds like a good move if it was just sitting around.

    Curious about the gold: did you go with mostly bullion bars, or did you pick up some of the more common coins like American Gold Eagles for the Gold IRA portion?

    10
    robert_thompson💰Established (100-250k)Real Investor✓ Verified2 days ago

    Congrats on getting that 401k moved, glad it's doing something more interesting now!

    Personally, I'd be a bit cautious about putting more into silver right after a big gold allocation. While I get the diversification play within precious metals, sometimes it feels like putting all your eggs in different baskets, but they're all still in the same fridge, if that makes sense. Might be worth considering other asset classes for the *rest* of that allocation, even if it's just a small percentage, to truly diversify beyond just precious metals.

    2
    gary_stewart📊Growing (50-100k)2 days ago

    Nice move on diversifying with the Gold IRA! For the silver coins, make sure you're aware of the types allowed in an IRA. Not all silver coins qualify – generally, they need to be high purity (.999 fine) and not considered collectibles by the IRS. Things like American Silver Eagles or Canadian Silver Maple Leafs are usually safe bets.

    You might find this IRS publication helpful for clarifying what's allowed and what's not: IRS Publication 590-A (check the "What Assets Can Be Held in an IRA?" section). Good luck with the rest of your rollover!

    10
    linda_taylor📊Growing (50-100k)✓ Verified2 days ago

    Totally get this! I did something similar last year, though a smaller amount, like $80k from an old 401k. Also went with gold for the initial chunk. I've been eyeing silver too for diversification within the precious metals. Seems like a good way to spread things out a bit. Good luck with the rest!

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