Rolled over my 401K to a Gold IRA years ago - now seeing the payoff

David Brown

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Rolled over my 401K to a Gold IRA years ago - now seeing the payoff

david_brown💎Premium (500k-1m)

about 20 hours ago

Key Takeaways

•I feel like I need to share this, especially with all the economic uncertainty swirling around.
•Back in 2018, when I was feeling pretty uneasy about the market, I decided to roll over about $250k from my old 401K into a Gold IRA.
•At the time, honestly, it felt like a bold move, maybe even a little crazy to some of my friends here in Boston who are all in on tech stocks.

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I feel like I need to share this, especially with all the economic uncertainty swirling around. Back in 2018, when I was feeling pretty uneasy about the market, I decided to roll over about $250k from my old 401K into a Gold IRA. At the time, honestly, it felt like a bold move, maybe even a little crazy to some of my friends here in Boston who are all in on tech stocks. My financial advisor back then even tried to talk me out of putting that much into precious metals, but I just had a gut feeling.

Fast forward to today, and wow. My Gold IRA is sitting pretty at over $375k. That's a roughly 50% gain in about six years, and it's provided a real sense of stability in my overall portfolio, which is otherwise pretty diversified. As a doctor, I'm used to dealing with high-stress situations, but the thought of my retirement savings losing significant value keeps me up at night. This gold investment has been a huge stress reliever.

I know some people bash gold as a "dead asset" or say it doesn't offer the same growth as equities, and I get that it's not for everyone. But for me, as someone looking at retirement within the next decade and wanting to preserve capital, it's been a phenomenal hedge. It's not the only thing in my ~ $800k portfolio, but it's a significant, stable anchor.

Anyone else out there who made a similar move a few years back and is seeing the benefits now? Or anyone considering a rollover and have questions about the process or the custodians? I used Augusta Precious Metals, and they were pretty straightforward to work with. Just curious to hear other experiences.

5 comments

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Best Answer▲ 9 upvotes

charles_lewis💎Premium (500k-1m)

Hey, that's awesome to hear! Always good to see these kinds of success stories. Quick question though, you mentioned rolling over "about $250k." Did you put all of that into physical gold, or did you diversify with other precious metals within the Gold IRA?

Comments (5)

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•about 10 hours ago

Totally agree with this! Good for you making that move back then. I did something similar in late 2019, put about $150k into a Gold IRA. Seriously, no regrets. It's awesome to see that stability when everything else is going wild.

barbara_white🏆Advanced (250-500k)Real Investor✓ Verified•about 10 hours ago

Dude, I totally get this! I did something similar, not as much as you, but moved a decent chunk from my old 401K in late 2019, just before all the craziness hit. And yeah, it felt a bit "out there" at the time, like everyone else was just sticking to the usual. But man, looking at my statements now, I'm so glad I trusted my gut. It's been a solid anchor in some pretty choppy waters.

charles_lewis💎Premium (500k-1m)Real Investor•about 10 hours ago

michelle_collins🏆Advanced (250-500k)Real Investor•about 10 hours ago

Hey, that's awesome you're seeing those returns now! It definitely feels good when a long-term play pays off. Just curious though, how much of that growth do you attribute to gold specifically, versus just the general market going up significantly since 2018? I know gold has had its moments, but the broader market has been on a pretty wild ride too. I often wonder if people who did similar rollovers into gold might have missed out on even bigger gains elsewhere, especially if they weren't actively managing that gold allocation.

william_davis💎Premium (500k-1m)Real Investor•about 10 hours ago

That's awesome to hear! It's always great when a long-term strategy pays off, especially when it felt like a gamble at the time. Speaking of strategies, for anyone else considering this, remember that not all precious metal dealers are created equal. It's smart to check out reputable review sites like the Better Business Bureau or Trustpilot to see what other people's experiences have been before you commit. A little research goes a long way!

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