Rollover Timeline - Anyone dealing with Fidelity recently?

Gary Stewart

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Rollover Timeline - Anyone dealing with Fidelity recently?

gary_stewart📊Growing (50-100k)

about 3 hours ago

Key Takeaways

•Okay, so I'm finally pulling the trigger on moving some of my 401k into a Gold IRA, specifically looking at palladium for a chunk of it.
•Got about $80k currently in an old 401k from a previous gig, sitting there doing jack since I left that company.
•You know, out here in Fresno, agriculture is king, and we deal with real things – land, crops, machinery.

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Okay, so I'm finally pulling the trigger on moving some of my 401k into a Gold IRA, specifically looking at palladium for a chunk of it. Got about $80k currently in an old 401k from a previous gig, sitting there doing jack since I left that company. Been reading up on all this for a while and like many of you, I just feel safer having some real assets, especially with how wonky the markets have been. You know, out here in Fresno, agriculture is king, and we deal with real things – land, crops, machinery. Not digital squiggles on a screen.

I called a few places and settled on a precious metals IRA company that seems pretty reputable. They walked me through the direct rollover process, which sounds straightforward enough. I'm moving it from Fidelity, and they said it usually takes about 2-3 weeks for the funds to actually hit the new custodian's account after I submit all the paperwork. That seems a bit long to me, especially when you're looking at market fluctuations. Is that timeframe realistic? Has anyone done a direct rollover from Fidelity to a Gold/Palladium IRA recently? What was your actual experience with the timeline?

I'm trying to get a feel for how much hand-holding I'm going to need to do. I’m thinking about using Silver vs Stocks at https://silvervsstocks.goldirablueprint.com/?period=10Y to do a final comparison on my portfolio allocation, but I need to get these funds moved first. Just feeling a little antsy about having that much capital in transit for so long. Any tips on speeding up Fidelity's end of the process, or things to watch out for?

4 comments

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Best Answer▲ 10 upvotes

joshua_phillips🏆Advanced (250-500k)

Hey, I just went through a similar rollover with Fidelity a few months back for a Gold IRA. My experience was smoother than I expected, actually. The initial paperwork took a bit, but once that was sorted, the actual transfer of funds from my old 401k to the Gold IRA custodian was surprisingly quick, like a week or so. Definitely recommend having all your documents squared away beforehand to avoid any hiccups!

Comments (4)

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

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Hey, cool you're getting this done! Quick question about the palladium – are you talking about physical palladium bullion or some kind of palladium ETF within the Gold IRA? Just curious about the specifics of that chunk.

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

Hey, just a thought, but are you 100% set on palladium? I know it's had a pretty wild ride lately, and while some see that as potential, others see it as a pretty volatile bet compared to gold or silver for a long-term IRA play. Might be worth a quick double-check on its current market dynamics before you lock it in, especially for a significant chunk of your rollover. Good luck with the Fidelity process though!

ruth_perez📊Growing (50-100k)•less than a minute ago

Hey there! Good move getting that old 401k working for you. When you're looking at palladium, remember it's got a slightly different market dynamic than gold or silver. You might find this Dummies guide to palladium investing helpful – it breaks down some of the industrial demand factors pretty well that impact its price.

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