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Performing a 401k gold rollover is a traditional process, whether because you are changing your job or opening an Individual Retirement Account (IRA). However, have you considered retirement savings diversification? If you have, then we strongly recommend precious metals IRAs.

Suppose you are back into planning your retirement because you are moving to a new company, or you are having some personal financial crisis because of inflation, and you are finding it difficult to achieve your goals with your retirement savings. In that case, this article might be what you need.

First, moving to a gold IRA from a regular 401k retirement plan is very simple if you do it through the best gold IRA companies. For instance, Augusta Precious Metals, Goldco, and American Hartford Gold. These companies are renowned in the industry and have been approved by the Internal Revenue Service (IRS) to offer profitable IRA-eligible precious metals to interested investors. They are also known for performing seamless 401k to gold IRA rollover processes.

What is a 401k Gold IRA Rollover?

As an investor, you must first decide on the kind of gold investment you want to make. There are various types of gold investment;

  • Physical gold bullion coins and bars.
  • Gold stock.
  • Gold mutual funds.
  • Gold Exchange Traded Funds (ETFs).

The 401k gold rollover is a process that allows employees to change their retirement accounts to gold-backed IRAs. It means that the monies in the 401k won't be invested in stock market bonds or stocks but in physical precious metal coins and bars. Practically, this IRA investment allows you to hedge your retirement savings from inflation and gain from the rising prices of precious metals while maintaining the growth potential in traditional stocks.

The name is rollover because it involves moving money from your traditional 401k account to a self-directed IRA. One of the criteria for performing a rollover is that you are leaving your job or retiring. Investors who are 59.5 years old and still working for the firms that set up their 401k can speak to their retirement plan administrators to know if they are eligible for an in-service distribution to perform partial gold IRA rollovers.

If you decide to invest in physical gold bullion coins and bars for your gold IRA, your gold assets must meet the purity requirements stipulated by the IRS. In addition, you must store them in an IRS-approved depository or bank. It means that you cannot keep your investments in your house.

Transferring your retirement assets to your gold IRA can be complex if you do not do it through a good gold IRA custodian. You should also be aware that it comes with a cost.

Hence, you need to hire a custodian to set up your self-directed IRA. The account allows you to choose from a wide range of gold investment options. The custodian will also be responsible for managing your account and storing your physical gold in a depository approved by the IRS. These depositories must have federal and state approvals to provide gold storage services and must operate within the jurisdictions of the state and federal laws.

After setting up your IRA, you will buy physical gold from a precious metal investment dealer. Sometimes the custodian you have chosen to work with will have good relationships with some legit gold brokers, and it can refer you to any of them. Selecting a good broker is very important because the broker will be responsible for selecting gold investments that meet IRS standards for your IRA. Hence, you should select a broker with these basic characteristics;

Bidens attack on gold IRa TAx rules

Proper Certifications

Only work with gold brokers that have obtained the necessary licenses for operations, and hold insurance and bonds. Your investments will be safe with a properly certified broker.

A Good Track Record

One of the first things you should look out for is what past customers say about these brokers. Only work with a broker whose customers’ reviews have given them a good reputation and rating on third-party rating sites like BBB (Better Business Bureau).

Attention to Details

Only deal with gold brokers that pay attention to your investment needs. One of the ways to know a broker is attentive to your needs is that it will pay close attention to and strictly obey the gold IRA tax rules. In addition, an attentive company will work with you to ensure you meet the rollover eligibility criteria if need be.

Can I Roll My 401k into a Gold IRA?

You can always convert your existing 401k into a gold IRA or other precious metals IRA. Nevertheless, the process does not come without a cost, and you will still pay your taxes without extra deductions.

Criteria for Performing a 401k Gold IRA Rollover

You can only perform a rollover under some circumstances. These include;

  • The retirement plan administrator of your employer has changed.
  • You are retiring or quitting your job at the firm that manages your finances.
  • Your company makes a significant change in its pension plan.

Types of 401k Gold IRA Rollover

Primarily, there are two types of rollovers.

  • Indirect rollovers
  • Direct rollovers

Indirect Rollover

Indirect rollovers are less desirable and more difficult to carry out. Your 401k provider will send you a check carrying the money you put in your account. Then you will have to re-deposit the money into your new gold IRA within 60 days. You will incur a 10% penalty if you are below 59.5 years.

Direct Rollover

A direct rollover is easier and more desirable. Your provider will issue the check to your preferred gold IRA custodian. Then the money will be mailed to you or sent directly to your new custodian.

Some 401k providers begin their gold IRA rollover process via the phone.

You will have to fill out some internal documents for retirement plans that the government sponsors. In addition, a full government-sponsored rollover will take between 14 to 42 days to complete

Pros of a 401K Gold

One major reason you should rollover your 401k to a gold IRA is that a gold IRA allows you to control your investments more. Here are some advantages of opening a gold IRA.

You can Pick Your Trustee.

The ability to select your preferred trustee or custodian is an advantage that a 401k gold IRA rollover offers. You can access your chosen custodian at any time of the day and the companies can help you learn more about investing.

You Can Take Your Investment Decision

It is the desire of many people to make their personal investment decisions. Many people do not want to be told what to sell or buy and when to invest.

There are limited things that you can purchase in your 401k. However, a gold IRA gives you more investment choices. You can buy physical precious metal assets, gold stocks, bonds, mutual funds, and ETFs.

Fees Control

The fees associated with a gold IRA are relatively inexpensive. Most brokers do not charge any costs or fees to sell physical gold to you. You do not have to worry about high costs and fees.

Access to Funds

You can only access your 401k account once you are 59.5 years old. Primarily, you must wait to withdraw money from this retirement account at the stipulated time. For IRAs, you can withdraw funds from your account before then, but you will incur a 10% tax penalty.

tax compliant Gold IRA

Roth IRA Option

You can roll over your 401k into a Roth gold IRA. This gold IRA allows investors to withdraw money without tax payments. Roth 401ks do not need minimum distributions after you get to 70.5 years. Some employers offer Roth 401 k, but it is rare.

Cons of a 401K Gold Rollover

No Service Exemption Separation

In some special cases, you can easily take money from your 401k than a gold IRA if you want money.

Many people can only withdraw from their 401k after they reach 59.5 years, but if you can withdraw before then, you will do that without any problems.

401ks allow some exceptions to make early withdrawals without incurring a 10% penalty if you have left your employer.

Gold IRAs, however, don’t have such exceptions, but they have other features that make them stand out.

401k Has More Law Protection

Generally, the 1974 Employee Retirement Income Security Act regulates 401ks. The law gives more protection to employees regarding their 401k retirement savings than IRAs. It also provides better stability as to what will happen when an underperforming employee files for bankruptcy. The money in your 401k will not be affected if you are dragged to court.

IRAs also have some protection. We advise you to save money in one, especially a gold IRA. You can save up to $1,362,800 in your IRA, which will not be affected even if the company goes bankrupt. In addition, many states have regulations that do not allow employers to go after employees' IRAs.

Merging with a New Job Plan is not Easy

Merging retirement plans when the old plan is an IRA is more complex. However, you can still do it.

How to Rollover your 401K to a Gold IRA

Gold's economic significance has made it a valuable metal, and it is becoming a popular solution for those who want to keep their investments safe. With the current constant inflation rates and economic downturns, we strongly advise you, our reader, to consider converting your 401k to a gold IRA. You can even consider other gold investment avenues. To do these, follow the simple steps below.

Choose your Preferred Type of Gold IRA

You can set up any gold IRA depending on your funds' size and the kind of gold investment you want. You can either choose to invest in a traditional gold IRA or a Roth gold IRA. While the former uses pre-tax income, the latter uses post-tax income.

Choose Your preferred Self-Directed Gold IRA Custodian

Primarily, as it has to do with compulsory fees, every custodian may function differently. Before choosing a custodian, we advise that you compare your income cost with the services the custodian provides. You should select a custodian that offers self-directed gold IRA investments for physical precious metal assets like gold, silver, platinum, and palladium.  

Suppose you wish to invest in physical precious metals; please select custodians who provide physical precious metal accounts. Your preferred custodian must have full rights to store your metals in a secure depository because the IRS does not permit you to keep your physical precious metals investments in your home.

Setup Your Account and Execute the Rollover

To roll over your 401k to a gold IRA, you first need to open an account with your preferred custodian. Then, submit the necessary documents to your 401k plan admin and your preferred gold IRA custodian. The funds in your 401k will be transferred to your gold IRA account either by check or online.

Buy Gold

Immediately your gold IRA custodian receives the money and deposits it in your gold IRA; you can now begin to buy various IRA-eligible products. You can purchase physical precious metals like gold coins, bullion, bars, and stocks.

We always advise investors to check the purity of the precious metals they buy and ensure they meet the IRS purity standards. This way, you will avoid being duped by buying the wrong gold products.

The IRS purity standards for IRA-eligible products are;

  • Gold (99.5% purity)
  • Silver (99.99% purity)
  • Platinum and Palladium (99.95% purity)

When you select the gold products you want to buy for your IRA through a gold dealer, the dealer will send an invoice to your custodian for payment. When the payment is cleared, the dealer will ship your products to a depository as specified by your custodian.

Ensure you confirm that your dealer has shipped the gold to the depository of your gold IRA custodian. Remember to get your receipts for the products as proof of ownership.

Check Your Account Statements on Holdings Regularly

After you have rolled over your funds from your 401k to your gold IRA, purchased your IRA-eligible products, and confirmed that they had been shipped to your custodian's preferred depository, keep checking your gold holdings to see how much you have through your custodian. Knowing the right time to sell some of your holdings is the best thing to do, and you may only know if you check regularly.

Best Gold IRA Providers Revealed

Augusta Precious Metals

Augusta Precious Metals has been in the gold and silver industry for 11 years (since 2012) and promises its customers financial benefits through its transparent pricing and modest costs and fees. It is the best in the industry regarding gold and non-gold IRA investments.

Augusta has high ratings in various leading third-party consumer rating sites. It has an A+ rating with Better Business Bureau (BBB) and then an AAA rating with Business Consumer Alliance (BCA). Furthermore, the IRA Gold Advisor virtual platform awarded Augusta the ‘Most Trusted Gold IRA Company in the U.S.’

The company is different from its competitors in the industry because of the many special features it implements. For instance, Augusta gives investors a lifetime service guarantee. Then it has a wide range of gold educational materials to guide investors in their decision-making process.

The materials you will find in the company’s educational section are Havard-trained economists' standard materials. They feature current precious metals facts and economic situations that will give you the hands-on information you need to see the importance of securing your financial future on time.

We also discovered that the company's IRA setup process is easy to follow. Its hotline will give you information on precious metals products and some of the most popular retirement accounts in the United States.

In addition, the company’s commitment to giving its customers the best customer service is unmatched. Be sure that all your questions will be answered when you reach Augusta via its live chat on its website. After you finish your transaction with Augusta, you will automatically have the company’s full attention.

Pros and Cons In Using Augusta for Your 401k Gold Rollover

They have a straightforward 401k rollover procedure.
The company has no complaints on BBB & BCA.
They have no hidden fees and costs and offer reduced prices.
They have a wide range of gold and silver IRA and non-IRA-eligible precious metal products.
They sell gold and silver coins, bullion, and bars.
The company has an excellent return policy.
When you buy from the company, they will give you lifetime support and service.
They insure all their precious metal products, so you do not need to worry when your metals are in shipment.
The company has an excellent return policy.
They have excellent ratings on trusted customer rating sites, including being BBB-accredited and BCA-accredited business.
They do not offer platinum and palladium investment options, which can be helpful in diversifying a precious metals IRA portfolio.
You will have to make a minimum purchase before they activate your gold IRA.

Our #1 IRS 401k to Gold Company Recommendation

augusta Precious Metals

Augusta Precious Metals is our best rated overall precious metals company

  • Customer care is exceptional
  • Pricing is highly competitive
  • Educational program second to none
  • The best FREE investment guide in the industry
  • Zero complaints on BBB & BCA
  • Free shipping on all orders
  • They have a team of experts to guide you through your transfer from your 401k in to a Gold IRA
401k gold free gold


Goldco is one of the most popular gold IRA providers for gold and silver investors. It is one of the world's first 10 gold and silver IRA dealers and has sold gold and silver IRA products and services for 17 years (since 2006).

Goldco has a simple approach to establishing gold IRAs for its customers. It also has friendly and knowledgeable customer care professionals that you can reach anytime. With Goldco, investors need to put money in their newly opened self-directed gold IRAs after signing contracts to complete their purchase. Investors can also accomplish this process through a 401k rollover.

The company’s website displays many reviews and positive comments from real customers. It has an A+ rating with BBB, which adds to its outstanding reputation.

Goldco has excellent customer service that attends to all the questions of potential investors and customers. It has an online chat option that you can access every day of the week, and through this channel, you get to meet specialists in the company.

The company has a section on its website that caters to the educational needs of visitors and customers. The section contains precious metals investing videos and articles that can help investors make the best investment decisions.

Goldco’s website has a unique feature that allows you to customize its visual components and typefaces. Goldco is that company that goes all out to ensure that it gives you a pleasant experience while shopping from and surfing its online platform

Pros and Cons In Using Goldco for Your 401k Gold Rollover

Goldco provides clear details of all its prices on its website.
They will give you up to 10% of your investments in precious metal products as a welcome gift.
Goldco has years of expertise, and it has determined its success and dependability in the industry.
They have a wide range of gold and silver IRA and non-IRA-eligible precious metal products.
They offer low structured fees and annual charges for your account protection.
Their team of specialists will help you tranfer money from your 401k 403b or 457b plan into a precious metals iRA
Precious Metal IRA activation fees are a little higher than some other providers in this market.
The structure of gold and silver storage fees might not suit every investor.

Our #2 IRS 401k to Gold Company Recommendation

Goldco complaint

Goldco is our second top-rated gold and precious metal company. Having been top-rated all of last year, they were very close to Augusta Precious metals

  • Great promotional offers
  • Pricing is highly competitive
  • Educational program second to none
  • FREE investment guide in the industry
  • High buyback prices
  • Expert guidance provided by the team
  • First years fees waivered for new customers

American Hartford Gold

Some investors prefer to do business with enterprises run by families. American Hartford Gold is for you if you are such an investor. The company is known in the United States for its commitment to the long-term financial security and stability of loved ones. American Hartford Gold has ranked as one of the top-rated gold and silver IRA companies in the United States for 7 years. Although the company is relatively new, it has succeeded in growing its customer base and increasing its trust factor.

The company's headquarters is in Woodland Hills and Los Angeles, CA. The company has delivered precious metal items worth $500 million, and despite that, it still pays attention to assisting customers who want to diversify and safeguard their gold and silver investments.

Apart from rolling over your 401k to gold and selling precious metals assets, American Hartford Gold can also deliver your precious metals to your doorstep. The company has partnered with the renowned Delaware Depository to store its clients' precious metals investments.

Many customers trust American Hartford Gold because it provides up-to-date information about gold and other precious metal products. In addition, it offers a round-the-clock customer support service through its website. Hence, you can access important information quickly through the company's website.

The company has an amazing buyback program. If situations warrant you to sell your precious metal assets for some quick cash, American Hartford Gold is a sure bet for that. The company will buy your precious metals at the current market price.

Pros and Cons In Using American Hartford Gold for Your 401k Rollover

American Hartford gold  have positive customer feedback and 5-star ratings on trusted consumer rating sites.
You can sell your precious metals to them through their amazing buyback program
The initial deposit they charge for activating your IRA is small.
They offer upto$10,00 in free silver to qualifying customer opening an IRA.
They offer free and insured shipping.
Their team of specialists will help you transfer money from your 401k 403b or 457b plan into a precious metals IRA and they are available 24 hours a day.
They have more expensive annual account maintenance fees and expenses than Goldco and Augusta Precious Metals although this is reflected in the level of service delivered.
Their online catalog does not provide pricing information to customers. Hence, you must call their hotline to get their products’ prices.

Our #3 IRS 401k to Gold Company Recommendation

Hartford American

American Hartford Gold is our third top-rated company.

  • A leading, recognized, and trusted brand in the industry
  • A family owned and run business
  • Excellent customer service
  • Buy back guarantee
  • Free shipping
  • Promotional offers for new  customers
  • Transparent about the cost
  • Diligent when it comes to compliance


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