Can I Roll Over My 401(k) or existing IRA?

What a 401(k) or IRA Rollover Means (and Why It Matters)

A rollover happens when you move money from one retirement plan to another qualified account. Typically, investors go from a 401(k), IRA, 403(b), 457(b), or TSP into a self-directed IRA that allows precious metals. Because the IRS permits these transfers, your funds can remain tax-deferred. As a result, you shift assets without triggering immediate taxes.

Why Roll Over My 401(k) or Existing IRA Into a Silver IRA?

• Diversification: Silver can balance stock-heavy portfolios. In addition, it often behaves differently than equities.
• Wealth protection: During turbulence, tangible assets may help preserve purchasing power.
• Tax continuity: A qualified rollover maintains your account’s tax-advantaged status.

Eligible Accounts You Can Roll Over From a 401(k) or IRA

You can usually move funds from the following plans:

• Traditional 401(k) from a previous employer
• Traditional IRA or Roth IRA
• 403(b) and 457(b) plans
• Thrift Savings Plan (TSP)

However, if you’re still employed, in-service rollovers may be limited. Therefore, check with your plan administrator first.

Steps to Roll Over a 401(k) or IRA Into a Silver IRA

1) Choose a Custodian for Your 401(k)/IRA Rollover

You’ll need a qualified custodian, sometimes called a specialized IRA company. Many investors select Goldco as a trusted specialized provider.

2) Open and Fund the New Account (401(k)/IRA Rollover)

After setup, request a transfer from your existing plan. For clarity, ask for a direct rollover or trustee-to-trustee transfer. This path avoids mandatory withholding and prevents penalties.

3) Select IRS-Approved Silver for Your Rollover IRA

Only certain coins and bars qualify. For example, many sovereign-mint coins and specific bars meet IRS standards. Your custodian will guide this purchase.

4) Arrange Approved Storage for the Rollover IRA

By rule, metals must be stored at an approved depository. Consequently, you should not hold IRA metals at home. Your custodian will coordinate secure vaulting.

Direct vs. Indirect 401(k) Rollovers

Direct rollover: Funds move straight from your current plan to the new custodian. Therefore, no taxes or penalties apply.

Indirect rollover: The plan sends funds to you, and you must deposit them into the new IRA within 60 days. Otherwise, taxes and penalties may apply. Additionally, employers often withhold 20% in this scenario.

Benefits When You Roll Over My 401(k) or Existing IRA Into Silver

When you roll over my 401(k) or existing IRA into a Silver IRA, you add a tangible hedge. In practice, that hedge can help during inflation, market shocks, or currency stress. Consequently, many retirees prefer combining metals with traditional assets.

Common Mistakes When You Roll Over a 401(k) or IRA

• Missing the 60-day window on an indirect rollover
• Buying non-approved products that the IRS disallows
• Using providers that lack precious-metals IRA expertise

Frequently Asked Questions