401(k) to Gold IRA Rollover — Beginner Walkthrough
A 401(k)→gold IRA rollover moves eligible plan money into a self-directed IRA that can hold physical metals. Done as a direct rollover, it is paperwork and patience — not a taxable “cash out” when structured correctly into a Traditional IRA.
First question: does your plan allow a distribution?
Many plans allow a full rollover after you separate from the employer. Some allow in-service rollovers at age 59½ or other plan-defined events. Read the summary plan description or call HR/plan admin before any dealer call.
Direct rollover steps (classroom order)
- Open the self-directed / gold IRA relationship (dealer + custodian).
- Request a direct rollover to the new IRA custodian — not a check to you when you can avoid it.
- When cash settles, choose IRS-eligible metals only.
- Custodian ships metal to the approved depository.
- Watch for Form 1099-R / 5498 reporting and keep copies.
Taxes in plain English
- Pre-tax 401(k) → Traditional gold IRA (direct): usually not taxed at the move.
- Cash-out to yourself before 59½: ordinary income + possible 10% additional tax.
- Roth 401(k) → Roth IRA: special basis tracking; get advice.
- Pre-tax → Roth metals IRA: conversion tax may apply.
About “signup bonuses”
Fee waivers, free silver, or first-year credits are marketing. They may require minimum purchases and rarely erase the premium you pay over spot. Get the offer in writing and still compare all-in cost.
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IRA Gold (iragold.us.com) — educational only.