Rollover taking way too long, anyone else experience this with a large portfolio?

Brian Edwards

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Rollover taking way too long, anyone else experience this with a large portfolio?

brian_edwards🌟Ultra (5m+)

about 4 hours ago

Key Takeaways

•Honestly getting a little antsy here.
•I started the rollover process from my old 401k to a new Gold IRA about six weeks ago, and it feels like it's dragging.
•I've been doing these kinds of transfers for years with other asset classes, usually goes pretty smoothly, but this one's different.

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Honestly getting a little antsy here. I started the rollover process from my old 401k to a new Gold IRA about six weeks ago, and it feels like it's dragging. We're talking about a significant chunk of change, just over $1.2M from a couple different accounts, and I was hoping for this to be wrapped up a lot faster. I've been doing these kinds of transfers for years with other asset classes, usually goes pretty smoothly, but this one's different. Is this normal for gold and silver, or am I just being impatient?

My advisor mentioned that because of the size of the transfer, there might be extra steps or scrutiny from the custodian, which I get. But I'm used to liquidating and repositioning assets much quicker – part of being a real estate developer, I guess. I've got a decent amount of physical silver I've been sitting on for a while too, and I'm wondering if I should have just done a direct purchase of PMs instead of a full IRA rollover for this portion. Aspen real estate market has been treating me well, but I like having some serious metal as a hedge, especially with how things are looking globally.

Anyone with larger portfolios gone through this recently? What was your timeline like? Any tips for speeding things up, or is it just a waiting game from here? I've been trying to stay informed, checking out resources like the Learning Center at https://learn.goldirablueprint.com/?forum for general info, but they don't really get into the specifics of this long for a rollover. Just want to make sure I'm not missing anything obvious on my end. Appreciate any insights!

3 comments

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Best Answer▲ 8 upvotes

kenneth_parker💎Premium (500k-1m)

Ugh, I feel you on this one! I had a similar situation last year with a pretty sizable rollover (not quite $1.2M, but still a significant chunk). Mine also felt like it was in limbo for ages, took almost 8 weeks in total. The constant calling and checking was definitely draining. Hope yours gets sorted soon!

Comments (3)

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

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

Six weeks for $1.2M across a couple of accounts does sound like a bit of a haul. Are those "couple of accounts" both 401ks, or are they different types of retirement plans you're consolidating?

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

Six weeks does feel like a while, especially with that kind of money on the line, I get why you're antsy. But honestly, for $1.2M and multiple accounts, that's actually not *that* long in the grand scheme of things for a Gold IRA rollover. There's a lot more paperwork and verification involved with physical assets and that much capital compared to just moving stocks around. I've seen some take 2-3 months easily for similar amounts, particularly if the old custodian is slow on their end. It sucks, but it's not always the new company dragging their feet.

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