Rolling my old 401k into a Gold IRA? Best financial move I made in a decade.

Brian Edwards

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Rolling my old 401k into a Gold IRA? Best financial move I made in a decade.

brian_edwards🌟Ultra (5m+)

about 10 hours ago

Key Takeaways

•Quick question for those of you who've been in the gold game for a while: how are you handling your rebalancing?
•I rolled over an old 401k into a Gold IRA about 18 months ago, around $800k at the time, and it's been performing like a champ.
•Up about 15% since then, which is way better than my other accounts that are taking a beating with all this market volatility.

The 3-step rollover process explained

Quick question for those of you who've been in the gold game for a while: how are you handling your rebalancing? I rolled over an old 401k into a Gold IRA about 18 months ago, around $800k at the time, and it's been performing like a champ. Up about 15% since then, which is way better than my other accounts that are taking a beating with all this market volatility. I'm thinking about cashing out some of my overperforming tech stocks and putting another $500k into gold, maybe a mix of bullion and some PAMP Suisse bars. Thoughts?

For context, I'm a real estate developer out here in Aspen. My portfolio's probably sitting around $5.5M right now, not including my personal properties. I’ve always been a believer in hard assets, especially after seeing a couple of market corrections wipe out paper gains back in the day. I loaded up on physical silver a few years back too, and that's done well, but the gold IRA was a new play for me. The process was surprisingly smooth – worked with a firm that specialized in these rollovers, and they walked me through everything from selecting the depository to the actual transfer.

My biggest concern now is making sure I don’t get too heavy into one asset class, even if it’s gold. I like the stability it brings to the overall portfolio, especially with all the talk of inflation and geopolitical instability. I’ve always viewed precious metals as a hedge, not a get-rich-quick scheme. That being said, it’s hard not to feel good when you see that quarterly statement. Anyone else feeling this way about diversifying further into gold right now? Or are some of you holding back, waiting for a dip?

Another thing I’m mulling over is the storage. My current Gold IRA uses a secure, insured depository – totally hands-off. But for this next chunk, I’m wondering if it makes sense to take physical possession of some of it. I’ve got a pretty robust safe at home, but we’re talking about a significant amount of value here. The thought of having that much gold physically present in my house is appealing purely from a control standpoint, but the risk factor is obviously higher. What have your experiences been with holding larger quantities at home versus a depository?

5 comments

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Best Answer▲ 9 upvotes

helen_turner💰Established (100-250k)

That's an impressive return, congrats! When you say "up about 15%," are you referring to the actual physical gold's value or the overall account value including premium over spot?

Comments (5)

joyce_cooper📊Growing (50-100k)✓ Verified•less than a minute ago

Dude, totally relate to this. Made a similar move with an old SEP IRA a couple of years back, not quite as big as your 800k but still substantial for me, and it's easily been one of the smartest financial decisions I've made. The peace of mind alone is worth it, let alone the actual gains. My traditional investments have been... less exciting, shall we say.

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

That's an impressive return, congrats! When you say "up about 15%," are you referring to the actual physical gold's value or the overall account value including premium over spot?

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

Glad it's working out for you! That's a solid return for 18 months, especially for commodities. While gold has definitely had a good run lately, I always think it's worth remembering that past performance isn't necessarily indicative of future results, especially with something as cyclical as precious metals. It's awesome when it pays off, but for long-term stability, I usually lean towards a bit more diversification beyond just gold, even in an IRA.

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

That's awesome to hear about your Gold IRA performance! It's definitely been an interesting couple of years for gold. For rebalancing, have you looked into dollar-cost averaging back into other assets if you're feeling a bit heavy on gold now, especially with those gains? It can be a good way to smooth out future volatility. There are some good articles out there on DCA for alternative assets that might give you some ideas!

richard_garcia👑Elite (1m-5m)Real Investor•less than a minute ago

Totally agree with you here, OP. Rolling my old 401k into a Gold IRA was easily one of the smartest things I've done financially. I'm not at the same asset level as you (kudos!), but I put about $150k in about 2 years ago, and I'm up something like 18% since then. My traditional portfolio barely budged in the same period. It's wild how much difference it makes.

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