Gold IRA Rollover Guide – How to Convert IRA or 401(k) to Gold

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If you’re ready to retire, it should be the time when you get to relax, but it’s not that simple. To have a restful retirement, you need to have your financials in order. 

Making the most of your retirement plan is not always possible with standard 401(k) or IRA plans. Many retirees are turning to gold IRA rollover accounts to invest in their retirement funds.

Gold IRA transfers take your retirement funds and turn them into physical gold, making sure it never loses value, as gold prices are far less likely to decline than stock investments.

There is a set amount of physical gold in the world, so its value does not diminish over time.

  • What are gold IRA rollovers? How do you convert your IRA or 401(k) to gold?
  • Is this option even right for you?

We have answers to all your questions here. With this guide, you’ll be able to get the most out of your retirement plan and enjoy your golden years.

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What is a Gold IRA Rollover?

A gold IRA rollover converts your retirement account savings or investment portfolios, or portions of these accounts, into physical gold coins or gold bullion.

This process protects your retirement savings against inflation, as gold prices are less likely to fluctuate. With gold IRA transfers and other alternative investments, your retirement fund will be more secure and protect your future.

How Does a Gold IRA Rollover Work?

Converting IRA to gold or other precious metals IRAs works by removing the funds out of your current retirement account and transferring them into a new account with a gold IRA administrator.

However, you can only remove funds for 60 days before you must transfer them. Gold IRA rollovers can only work by opening an account with a gold IRA company where you can deposit these funds.

Once your account is open, you can select the gold or silver you would like to purchase with these funds. Once you set up your gold IRA account, you choose the percentage of retirement funds you want to put into the account.

Then, you can choose which precious metals, silver or gold, you want to buy with the funds. Gold IRA companies make this process easy to understand and execute.

A representative can walk you through the process, benefits, and costs of gold IRA accounts.

Eligible Retirement Accounts

Each of the following retirement portfolios is eligible for gold IRA rollovers. Normally, the funding from these accounts will go towards stock investments, but that could be risky, especially if you’re putting your money all into one investment strategy. 

You can use gold IRA rollovers for each type of retirement account to alleviate the stress of shaky investment markets.


A 401(k) is an employer-sponsored pension account that receives the money directly from each paycheck.

You can complete a 401(k) rollover to gold by contacting a gold IRA company to begin the rollover.

Here, the process still takes 60 days or less. A 401(k) sponsored by your current employer may be subject to specific policies by your employer.

Some employers prevent gold IRA rollovers while you are still employed, so you should talk to your employer about their indirect rollover policy. 

In the case that your current employer sponsors your 401(k), you will need to see what your options are for transferring to a self-directed account.

Or, if you are about to retire, you can begin the smooth rollover process with a company after you have officially retired.

Roth IRA

A Roth IRA is an Individual Retirement Account, where you deposit after-tax dollars. You can grow these contributions tax-free.

After you reach retirement age and have kept the account open for five years, you can withdraw these funds tax and penalty-free.


A 403(b) is a tax-sheltered annuity retirement plan for certain employees of public schools and other tax-exempt organizations.

A 403(b) account is eligible for rollover 2 years after the first contribution. As it is self-directed, this rollover process typically takes five days.


The government and non-profit organizations offer 457 plans to their employees. This plan allows employees to set aside money for retirement and only pay taxes on it when you withdraw the money.

You must complete 457 rollovers within 60 days or the IRS will tax the funds.

Direct rollovers are the best choice for 457 plans. In this process, you aren’t making a withdrawal; your provider is just transferring your money to the new account.


A pension plan provides you with monthly income after you have retired. You and/or your employer contribute to its funds while you work there.

Pensions work similarly to a 401(k) in terms of rollover. With these plans, your employer is in control.


A TSP plan stands for Thrift Savings Plan and allows federal employees and military members to have a plan similar to a 401(k). TSP plans follow the same 60-day rule to complete the rollover to gold IRA.

How to Rollover IRA or 401(k): Step-by-Step

It’s easy to start the gold rollover process! You can make steps towards securing your future in just a few simple steps:

1. Research a reputable gold IRA company (we recommend Goldco)

There are many storage options you can use to help with your investment choices. For example, Goldco is a secure depository for precious metals, coins, silver, and gold, and the company will keep them safe until you’re ready to use them. 

To ensure the rollover process goes smoothly, it’s crucial to do thorough research on gold IRA companies.

If anything goes wrong in the rollover process, such as the transaction not being completed in 60 days, you may have to pay a withdrawal penalty. 

Goldco has over a decade of experience helping people protect their retirement funds. They walk you through the steps necessary to complete a gold IRA rollover for almost any qualified retirement plan.

2. Visit their website and setup a call

Goldco’s website gives you the option to call them or send them a message through the site. Goldco provides interested retirees with a free kit to teach you everything you need to know about starting a gold IRA account with them.

3. Decide the percentage you want to allocate to precious metals

You never want to have all of your assets in one single account. Work with the Goldco representative and your financial advisor to decide how much of your retirement plan you want to allocate to gold IRA rollovers.

4. Sit back and relax

Goldco, or whatever company you chose, has you covered. If you did your research and worked with a rollover specialist, the hard part is over.

The gold IRA company you hired will handle everything else and ensure a complete rollover process within 60 days.

Should I Do a Gold IRA Rollover?

As someone planning for retirement or in the retirement process already, you should consider doing a gold IRA rollover.

With recent rises in inflation, going with a gold IRA rollover will protect you, your finances, and your family from the impacts of a declining US dollar.

When you have alternative investment options, especially through precious metal assets, you fight against investment risks.

Not only this, but you also protect against government seizures.

The benefits of gold investing are the same as other retirement plans with more effective protections. Although a 401(k) that you invest into stocks could potentially harm your investments rather than grow them, gold IRAs never depreciate.

Without Gold IRAs, stock investments can be completely lost if the stock market drops. It’s important to educate yourself now about gold IRA and its potential so that you can prevent any further risk to your finances.


If you still aren’t sure if gold investments are right for you, here are some frequently asked questions that may help you decide.

To convert your IRA or 401(k) to gold without a tax penalty, make sure to complete the transaction within 60 days or less.

After 60 days, the Internal Revenue Service (IRS) may tax you for the withdrawal and subject you to other potential penalties.

A gold IRA rollover involves withdrawing funds from one retirement account and putting them into the new gold IRA account, while a gold IRA transfer involves transferring funds directly between two third parties.

With a transfer, the bank never withdraws your funds.

Fees involved with gold rollovers may include the startup costs of opening a gold IRA account, paying your gold IRA company, as well as an annual custodial fee for your administrator.

Rollovers can take as little as 5 business days but no longer than 60 days. If you have filed all of the correct work with your gold IRA company, the transfer will happen sooner than the 60-day period.

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