Precious metals IRA company

Fidelity

Patriot Gold Group

Birch Gold

Goldco

Regal Assets

Noble Gold

Move 401k without penalty to Gold

Protecting retirement savings with Gold is particularly important today because of rising Inflation, rising interest rates, and mounting geopolitical tension.

These economic factors along with hyper-extended Stock markets are causing concerned investors to worry about preserving the Purchasing power of their hard-earning money.

As they consider their options they are asking this question:

Can I transfer my 401k to Gold

?

Unfortunately, the best answer is, 

Maybe

The big caveat on moving a 401K to Gold without penalty is that the move is only possible if you are no longer working for the company that provided the 401K. Currently active 401K accounts are not eligible for a penalty-free Gold IRA rollover.

Eligible 401(k)

Any 401(k) account from a previous employer is eligible for a tax and penalty-free 401k rollover to a Precious metals IRA. 

The IRS allows you to move retirement funds one time per year without triggering any penalties or taxes.

non-Eligible 401(k)

An active 401(k) account is limited to the options provided within the Plan. The IRS does not allow these funds to be moved outside the 401(k). 

Unfortunately, you are stuck with the choices the plan offers which may or may not include some kind of Precious metals Mutual fund.

To use the funds in your active 401(k) account for a penalty-free purchase of physical Gold you would have to change employers, thereby making the currently active 401(k) eligible for a Gold IRA rollover without penalty.

401(k) loan

As an alternative to changing jobs, you may be able to take a loan against your 401k. This will depend on your employer and how they have structured the 401(k) plan.

What you do with the proceeds of a 401(k) loan is nobody's business except yours, but your employer will have guidelines about the acceptable uses for the borrowed funds. If you tell them you are going to purchase physical Precious metals with the money, they will most likely look at you as though you have three heads and then they will say, "No".

Before going down the 401(k) loan path consult with your Financial planner, Investment advisor, and tax accountant. These professionals will be able to make recommendations based on your unique circumstances and tolerance for risk.

Here are some key points to understand about 401(k) loans:

  • No more than 50% of the account can be withdrawn and the maximum loan is $50,000 regardless of the account's balance.
  • The loan must be repaid within 5 years.
  • If your employment ends the loan must be repaid immediately or the IRS will treat the outstanding loan balance as a distribution from the 401(k). Distributed funds will be taxed as regular income and investors under age 59 1/2 will be subject to a 10% early withdrawal penalty.
  • The CARES Act has changed some of the rules related to 401(k) loans so do your due diligence and find out if the changes affect you.

401k rollover to Precious metals

The IRS makes a distinction between a rollover and a transfer of Retirement accounts.

In an account transfer you take a distribution and receive funds from your existing Retirement account. You then deposit some or all of the money into another tax-advantaged account.

You have 60 days to complete the transfer or the IRS will treat the distribution as regular income and assess a 10% early withdrawal penalty if you are under age 59 1/2.

In a 401k rollover to Precious metals IRA the distributed funds move directly from the existing account Trustee to the Gold IRA Trustee without you acting as a middle-man.

Investors tend to use the term ‘rollover’ interchangeably for both rollovers and transfers.

The key distinction between the two events is whether or not you take personal possession of your retirement funds.

Already know that you want to protect your retirement savings and do it 100% tax & penalty free?

Click the link below to grab your FREE 2022 Gold IRA Kit which has helped thousands of Americans just like you.

But...If you would like to know more about moving an eligible 401(k) to Gold feel free to continue reading below.

401k to Silver IRA rollover

The Taxpayer Relief Act of 1997 added Silver and Gold to the list of assets that can be held in self-directed IRAs. In 1998 Platinum and Palladium were added.

Any of the four Precious metals, or a mix of the metals, can be held in a self-directed IRA. There is no difference between a “Silver IRA”, “Gold IRA”, or "Precious metals IRA".

To perform a 401k to Silver rollover you follow the simple five-step process shown below.

401k to Silver rollover

How to move 401k to Silver without penalty

Whether you have an an eligible 401(k), an IRA, or other tax-advantaged Retirement account, you will follow the same steps to convert your paper Stocks, Bonds, and Mutual funds into physical Precious metals.

01

Choose a Gold IRA company

02

Open an account

03

Initiate a distribution or rollover from your existing Retirement account

04

Fund the Gold IRA account

05

Select the Precious metals to hold in the Gold IRA

It really is as simple as that. And all of the Gold IRA companies have knowledgeable specialists to help you with the process.

Permitted forms of Gold and Silver

The IRS only allows certain forms of Silver and Gold to be held in a self-directed IRA as specified in U.S. Code 408 (Individual Retirement Accounts).

Some general guidelines on the permitted forms of metal:

  • Coins, rounds, and bars must be 99.5% percent pure.
  • Metal must be sourced from a government mint or IRS-approved refiner.
  • Numismatic Coins are not allowed.
  • Coins in one, one-half, one-quarter, and one-tenth ounce size are permitted.
Where your metal will be stored

The IRS requires that a third-party Custodian hold the Precious metals in a self-directed IRA.

Each investor’s metal is held in their name by the Custodian in the same manner that a Broker-Dealer holds an investor’s Stock shares or Mutual fund Investments.

All of the Gold IRA companies have established relationships with IRS-approved metals depository facilities.

After you establish a Gold IRA account you will choose one of these depositories to serve as the Custodian for your Gold IRA.

Most metal for the least amount of money

Never pay a premium for proof Coins, limited edition Coins, boxed Coins, or Coins with Certificates of Authenticity.

This recommendation is especially true for a Gold IRA where the physical Gold is stored in an IRS-approved depository.

Unless you plan to take possession of the Precious metals after you retire, you will never physically hold it in your hands so what difference does it make whether it is proof or not?

Gold is Gold whether it is a proof American Eagle Coin or a beat up Krugerrand from the scratch-and-dent bin. The same thing goes for Silver, Platinum, and Palladium.

Buy physical Gold that has the lowest premium over the price of Gold Bullion.

The objective is to obtain the maximum number of ounces possible for a given amount of money.

For example, if the premium on Gold Maple Leaf Coins is lower than the premium on Gold Eagles, buy Maple Leafs. If a 100 gram Gold bar has a lower premium than three Gold Maple Leaf Coins, get the Gold bar.

Ready to start the rollover or transfer process for your eligible 401k? CLICK HERE and grab your FREE 2022 Gold IRA Kit. Protect your retirement savings from Inflation and market risk today.

Gold IRA pros and cons

Like all Investments, Gold IRAs have their pluses and minuses.

A Gold IRA is not the ideal way to own physical Precious metals but it is the only way to purchase and hold those metals with tax-advantaged retirement savings.

Here are a few Gold IRA pros and cons to consider:

Pro

Con

Investors are able to purchase physical Gold with tax-advantaged retirement savings

Gold must be newly purchased inside the IRA account. Already owned Gold cannot be moved into the IRA.

Diversification for traditional Portfolio of stocks and bonds

Fees for buying and selling Gold

Inflation hedge

Fees for storing Gold

Distributions can be made in Gold or cash

 Fidelity Gold IRA

Capital gains are taxed as regular income instead of the 28% rate for Collectibles

Best Gold 401k

Best Gold IRA

Understand that using the word “best” in an internet search has a predictable result.

This search term brings out the affiliate marketers and lead generators because they can smell money in the water.

To find the best Gold IRA companies in 2022 we first need to define our criteria for being ‘best’.

What are we looking for in a Gold IRA? What factors are most important?

Is it lowest transaction and management fees? The number of years the company has been in business?

Some investors choose the Gold IRA company offering the best incentives for opening a new account.

Because we are dealing with physical Gold that will be stored on our behalf, trust is the single most important factor for us to consider.

It is unlikely that an internet search for the ‘best’ Gold IRA will actually lead us to a company that we will feel comfortable with as conservative Investors.

Affiliate marketers are going to promote the companies that offer them the best commissions, and these companies may or may not be best for you.

As an alternative method for finding a Gold IRA, we might consider starting from the trust angle.

Which of the Investment management companies are we already familiar with? And more importantly, which of them can we trust to manage our hard-earned money?

Unless we have a compelling reason to do otherwise, it is probably best to stick with large, reputable companies for our Gold IRA accounts.

In the table below we have compiled some of the most reputable Gold IRA companies as a starting point you. All of these companies offer free information and most of them have IRA specialists available to answer your questions.

Precious metals IRA company

Fidelity

  • Founded: 1946
  • BBB rating: C-
  • Proof Coins: No
  • Minimum Investment: $1,000

Patriot Gold Group

  • Founded: 1990
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $15,000

Birch Gold

  • Founded: 2003
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $10,000

Goldco

  • Founded: 2006
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $25,000

Regal Assets

  • Founded: 2010
  • BBB rating: unrated
  • Proof Coins: Yes
  • Minimum Investment: $10,000

Noble Gold

  • Founded: 2017
  • BBB rating: A-
  • Proof Coins: Yes
  • Minimum Investment: $2,000

Gold IRA

Year founded

BBB rating

Proof Coins

Minimum Investment

Fidelity

1946

C-

No

$2,500

Patriot Gold Group

1990

A+

Yes

$15,000

2003

A+

Yes

$10,000

2006

A+

Yes

$25,000

2010

unrated

Yes

$10,000

2012

A+

Yes

$50,000

Noble Gold

2017

A-

Yes

$2,000

Grab your FREE 2022 Gold IRA Kit which has helped thousands of Americans just like you.

Summary

Moving your eligible 401k to Gold without penalty is easy following the simple process given here.

Using tax-advantaged money to purchase physical Precious metals provides protection from Inflation, Stock market meltdowns, and the economic turmoil that could occur if current geopolitics spin out of control.

Protect your retirement savings today by moving your eligible 401k to Gold.

About Satori Traders

Satori Traders LLC is a California-registered Investment Advisor specializing in the Precious metals.

Bryan V Post is a California-registered Investment Advisor Representative and the founder of Satori Traders.

Bryan has worn numerous hats during his life: Engineer, Portfolio manager, Precious metals Investor, Technical analyst, Proprietary trader, Swing trader.

Precious metals IRA company

Fidelity

  • Founded: 1946
  • BBB rating: C-
  • Proof Coins: No
  • Minimum Investment: $1,000

Patriot Gold Group

  • Founded: 1990
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $15,000

Birch Gold

  • Founded: 2003
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $10,000

Goldco

  • Founded: 2006
  • BBB rating: A+
  • Proof Coins: Yes
  • Minimum Investment: $25,000

Regal Assets

  • Founded: 2010
  • BBB rating: unrated
  • Proof Coins: Yes
  • Minimum Investment: $10,000

Noble Gold

  • Founded: 2017
  • BBB rating: A-
  • Proof Coins: Yes
  • Minimum Investment: $2,000
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