June 1, 2021
Gold Investment Coach

Some of the links in this article are from our sponsors. This allows us to provide high-quality, free content to our readers. The list below is based off countless hours of research, our own experiences with the companies, and consumer-based feedback.

A Quick Chart of the Best IRA Rollover Companies for Gold & Other Precious Metals


Minimum Investment


#1 : Goldco


5% back for any order over $50k

#2: Augusta


#3: Birch Gold


All that Glitters Can be Gold: A 401k to Gold IRA Rollover Guide

 More and more people are thinking about their futures and about the financial problems that will face them in their twilight years.

This has led people to put their money into an individual retirement account (IRA).

Money in an IRA is invested in stocks and bonds in hopes of growing the money until they reach the age of 65 and can then use it for their necessary expenses. 

But what if there was something else you could invest in. Here you will learn about an alternative form of investment that could really give you the biggest bang for your buck but without the risks: Gold IRA. Looking to invest in a gold IRA, but wondering how to move a 401k to gold without a penalty? Keep reading as we get into the details. 

What is a Gold-Backed IRA?

 Are you unfamiliar with the term? Allow me to explain. A Gold IRA is a specialized type of retirement account in which the money that is invested isn’t put into company shares, stocks, or bonds.

Instead, the money is used to purchase physical elements of precious metals. These metals can be silver, platinum, palladium, or gold.

So, instead of having conceptualized money that can increase or decrease based upon numbers and data, your money is safely invested in physical elements (coins or bars, which are called bullions) and will rise as their value increases as well. 


Goldco - Our #1 Choice to Help You with A 401k to Gold IRA Rollover

Advantages and Disadvantages of Gold IRAs

 What is the major difference between having a Gold IRA versus a Standard IRA? And what are the advantages and disadvantages of having one?

Well, there are a few things.

First, there is the obvious element of having actual physical capital instead of capital that is calculated with the rise and fall of the stock market.

When you purchase the metals in your IRA, you will be buying bits of it to own. This can come in one of two forms: coins or bullions. A bullion is what people think of when they think of large gold bricks lying around in vaults of banks. 

 These ingots have been tested and are recognized as being at the bare minimum 99.5% to 99.9% of the metal it claims to be.

When a mining company finds gold buried deep in the earth, they remove it while it is in its ore form, which is when gold and other mineralized rock have combined to create a single form. 

The gold will be extracted (either by a chemical process or by introducing extreme heat to melt it down). The pure gold parts are pulled out and formed into bullions. Then, it is measured and registered as legal tender by the reserves to be used by investors to hedge against inflation. 

 With having a physical investment, you must handle it in a different manner than what you do with a standard IRA. With stocks and bonds, your money is kept as data as it is invested from one stock to the next.

With a Gold IRA comes a few additional expenses. You must first find someone to broker the deal on your behalf. Then you will need to locate an appropriate place to store the gold once bought.

This can be anywhere from your own home in a safe or at a bank in a safety deposit box. Next, you will need to hire a custodian to create and administer the account.

These are usually banks, trust companies, credit unions, and others in the financial field that have been approved by federal and/or state agencies to services necessary to maintain the assets. 

 When it comes time to sell the materials, you will need to find a reputable dealer to find a buyer. Depending upon the market, finding someone to take the assets off your hands can be very easy or can take a while to find.

Make sure that when you are ready to sell that you do it when you have made the decision and not when you are in a pinch to sell them off.

Often, they will look to purchase the materials at a cheaper rate than what the current buying price is.

So, when you are ready to sell the bullions or coins make sure the market price is higher than what you purchased it at to ensure there is a profit made from the sale. 

How Can I Move a 401k to Gold Without a Penalty?

Looking to make the most of your money and rollover your 401k to a gold IRA? Read the photo below for a step by step guide to not get penalized when you move your 401k money into gold. 

This is vital for anyone looking to do a gold IRA rollover- regardless of if you are older or younger than 65, this information applies to you.

We all want our money to stretch as far as possible, and any fees or fines that we can legally avoid is the best option.

What Accounts You Can Rollover and How to Do It

If you already have a retirement fund [IRA, 401(k), and/or ROTH], it is possible to have that money rolled over into a Gold IRA.

The process is similar but there are a few extra steps if you haven’t already opened an account.

First, you must fill out the application to create one, which usually takes about 24 to 48 hours to be approved.

Then, you will have to fill out a transfer request to designate what account you want to move the money from and show that you are agreeing to it.

This will typically mean a new account custodian who will look up the current market value of the precious metals available.

They will send the information to the account holder so they can decide which kind they wish to invest in and what amount they are looking to invest in. 

With this information, the broker will work to acquire what is asked for and perform the necessary transactions. 

Should You Rollover Your Money into a Gold IRA?

 To answer this, you must think about what it will mean and how involved you want to be in the investment process.

For those looking for a simplified means of putting their money into capital that will grow its value, a standard investment plan is the best.

You don’t have to make the decisions of what stocks to invest in, watch the market as the prices rise and fall, and figure out when you should sell. 

 Plus, there is an almost guarantee in value to the money you put into a Gold IRA. Gold is the most precious of the precious metals on earth. It is what the worldwide economy is based upon.

So, gold will always retain its value and can only increase as the value of money in each country rises and falls.

The only drawback, besides the previously stated necessary maintenance of having bullions and coins or the steps necessary to liquidate this type of asset, is the fact that the value of gold is not a quick rise. It can take years for the money to increase, but when it does it can sometimes triple in value.

So, this is a good investment for those who are looking for a safe form but are willing to be patient. 

Our Final Thoughts

For the first-time investor, this is may seem a bit intimidating.

The idea of having gold as part of your investments can make it difficult to take the leap and give it a try, but if you can work past the additional steps, you may find that having your money safely deposited in gold bullions is one of the best moves you could make, especially if you make them earlier in your investment life rather than later.

Also, do not feel as though it must be one way or another. Having an investment in both a Gold IRA and a Standard IRA can give your portfolio a balance to weather any storm.

Looking to Rollover your 401K for a Gold IRA?

Contact our #1 recommendation, they will take care of your money and make the move as easy and enjoyable as possible.