How to move 401k to gold without penalty

Can I roll over a 401k into a Gold IRA without penalty?

From portfolio diversification to hedging against inflation and deflation and more, there are many significant benefits associated with gold investments. You can take advantage of these benefits by rolling over your 401k into a gold IRA, but how can you roll over your retirement account balance without triggering a penalty?

What Is a 401k Rollover?

Transferring the funds in your 401k account to a gold IRA is a relatively straightforward process. It begins when you open a gold IRA account with a reputable gold investment company. Your gold IRA company will guide you through the process. Most of the steps can conveniently be completed over the phone, but you will need to sign some paperwork before the rollover can be finalized. If you choose a direct rollover, the funds will transfer directly from the 401k to the gold IRA account. An indirect rollover is a more complicated process that requires you to move the funds out of the 401k, and you will then make a deposit transaction to fund the gold IRA account. Once your new gold IRA account is funded, you can start investing in gold coins and bullion.

Best companies for a penalty free rollover:


Many educational resources offered online, premium customer service, excellent fee structure, free silver coins available to new accountholders, solid buyback program


A minimum investment is required


Transparency across fees & transaction pricing, competitive fees, money-back guarantee, hands-on customer service, many educational resources offered


Transactions must be completed over the phone, limited IRA-eligible investment possibilities, only offers gold & silver investment options


Quality customer service, numerous educational resources, many investment products available


Concealed fee structure, requires a minimum investment


Offers hands-on assistance with IRA rollovers, no fees for account rollovers & transfers, flat fee for storage & account management


Purchases must be made via phone, required minimum investment


Low investment requirement, competitive & flat fees, great customer service


Flat fee results in a disproportionate structure for smaller investors

The Differences Between a 401k and a Gold IRA

The primary difference between a 401k and a gold IRA is the types of investments you have access to. With a traditional 401k, you can invest in stocks, ETFs, mutual funds and other paper assets. With a gold IRA, you are investing in physical assets. In addition to gold coins and bullion, you may invest in other precious metals like silver, palladium and platinum. There may also be tax consequences associated with different types of investment accounts, and you can speak with your tax advisor for full details as they relate to you.

What Could Trigger a Penalty?

If you choose an indirect rollover, you will hold the funds in your personal account for a period of time until you deposit them in the new gold IRA account. You will face tax consequences and penalties if you hold those funds for more than 60 days. All of the paperwork also must be completed properly to comply with regulations. With this in mind, you can avoid a penalty by choosing a direct rollover. With a direct rollover, the funds are transferred directly, and your gold IRA company will help you to complete all paperwork in a timely manner. You should ensure that you open a gold IRA account with a reputable company that offers assistance with direct rollovers for a simplified experience.

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Top Gold IRA Companies

The first step in the rollover process is to research top gold IRA companies. What are some of the most reputable gold IRA companies that you could consider opening an account with and that may help you to avoid unnecessary rollover penalties?

Goldco Precious Metals

Founded in 2006, Goldco Precious Metals is a respected gold investment company with a solid reputation for overall excellence. It offers several educational resources online, including e-books, videos and blog posts that cover many facets of gold investing. In addition, each knowledgeable customer service representative at Goldco Precious Metals focuses on delivering an amazing customer experience. One way that they accomplish this important goal is by providing personalized assistance that is centered around education. The representatives work hard to help customers understand their options, and this enables customers to make selections that are suitable for their unique objectives. Goldco Precious Metals also strives to make the gold IRA rollover process simplified by offering direct rollover services. These services can pave the way for a penalty-free rollover.

Goldco Precious Metals has many excellent online reviews. These reviews can be found on third-party platforms like Consumer Affairs, Trustpilot and others. You can begin experiencing the difference that this gold investment company can make in your retirement investing experience by requesting its free guide for new customers. Through the guide and with assistance from your representative, you can learn about your investment options, the fee structure and other important factors that may impact your decisions.

Augusta Precious Metals

All gold investment companies have fees, but it is not always apparent where the markups and fees are assessed. This is not the case at Augusta Precious Metals, which has comparatively low fees and transparent pricing. In addition, the company does not charge a management fee because its gold IRA accounts are self-managed. Through this approach, Augusta Precious Metals empowers its customers to take control of their investments and to make well-informed decisions about their transactions. With direct rollover IRA assistance available, this gold IRA company can help you avoid unnecessary and expensive penalties.

This family-owned gold investment company, which was founded in 2012, excels in customer satisfaction. In fact, it has received the highest rating offered by BCA. As part of its effort to create a wonderful customer experience, it guarantees its pricing for a week after the investment is made. It also has a great buyback process, which makes it easy for customers to liquidate assets as desired. Furthermore, its customer service representatives are knowledgeable and easy to reach for assistance. Gold and silver investments made through August Precious Metals are securely stored at the Delaware Depository.

Birch Gold Group

Founded in 2003, Birch Gold Group is a California-based gold investment company. With at least 13,000 customers served over the years, this is one of the most prolific and established gold investment companies operating in the U.S. today. Investors have the option of investing in gold, silver, palladium and platinum, and this facilitates exceptional diversification. While pricing for the precious metals is clear, it is more difficult to identify the company’s full list of fees. The company provides its customers with direct rollover services, which can help you to avoid triggering a penalty.

Birch Gold Group has been highly rated by the BCA, TrustLink and Trustpilot. The Better Business Bureau has given it a rating of A+. There are many reasons for its excellent reviews. For example, it excels in customer service, and it provides numerous educational resources for its customers to access at no cost. This begins with a free information pamphlet for new customers, and it continues with articles and posts on a variety of related topics on the website. Furthermore, Birch Gold Group’s customers have the option of storing their precious metals at Brink’s Global Services or the Delaware Depository.

RA Wealth Partners

RA Wealth Partners is a trusted gold investment company that has been in business since 2010, and it is popular with both smaller and larger investors. One reason for its extensive popularity with a variety of investors is its fee structure. There are no transaction fees for the rollover process. After a gold IRA account is established, investors can take advantage of flat annual fees. In fact, for only $250 annually, service and storage fees are covered. While RA Wealth Partners does not charge transaction fees for investment activities, it does maintain a minimum investment requirement. When you take advantage of its direct rollover services, you may be able to avoid unnecessary penalties.

This established gold investment company has a hassle-free rollover process that has been refined over the years. This smooth process is facilitated by knowledgeable customer service associates who provide hands-on attention from start to finish. Because of the gold IRA company’s focus on delivering an overall great experience to its customers from day one, it has earned positive reviews on third-party platforms, and it has an AAA grade from the Business Consumer Alliance.

Noble Gold Investments

Founded in 2016, Noble Gold Investments is the youngest company on the list. However, it has already developed a great reputation for providing an excellent experience to its many customers. This gold IRA company is uniquely popular with both new and smaller investors because its minimum investment requirement is comparatively minimal. It provides its customers with direct rollover services so that they can avoid triggering related penalties. Noble Gold Investments also has low, flat fees for both service and storage. While these fees are low compared to what some other gold IRA companies charge, they may be disproportionately high for smaller investors. Storage is available via International Depository Services.

Noble Gold Investments has a solid standing with its customers thanks to its combined focus on education and service. In fact, it boasts many great reviews on third-party review websites. It also has a five-star score from Consumer Affairs, and BCA has given it a BB rating. Education is available with live assistance from an assigned financial advisor, via online resources and from a free investment guide for new investors.