Many people holding 401(k) plans are frustrated with their account's performance and their limited investment choices. They want gold in their retirement, but the plan says no.
The bad news is that retirement assets in a tax-deferred 401(k) with a current employer are usually not eligible to be transferred into a Traditional Precious Metals IRA with few exceptions. It is best to check with your current employer as to your ability to self-direct all or a portion of your current 401(k).
The good news is, however, that your old 401(k) with a past employer is typically eligible to be rolled over into a Traditional Precious Metals IRA, as are other types of retirement accounts provided certain conditions are met. Yes, that old 401(k) - the one which you have probably almost forgotten about, and for which you may not even be opening your statements - may have lost a substantial percentage of value but could easily be put back to work for your retirement in direct ownership of real gold in a self-directed Traditional Precious Metals IRA.
Your Gold/IRA Specialist may assist you in determining the eligibility of your 401(k) or other retirement funds for a direct rollover and in completing your Precious Metals IRA Application and Account Transfer Form; however, since our Gold/IRA Specialists are not financial advisors, the decision regarding the percentage of your 401(k) that you wish to rollover and protect in gold is ultimately yours. You may wish to consult your CPA, tax preparer, or financial advisor before making this decision. Your Gold/IRA Specialist can, however, guide you into a balanced retirement portfolio that includes direct ownership of real gold. Please review the Precious Metals IRA process for details on how the transaction works.
Sterling Trust Company, a national leader among IRA custodians that handle precious metals, administers our clients' accounts, and the Delaware Depository Service Company is their licensed, insured storage provider. Overviews of both companies detailing their internal safeguards in place for your protection are available on this website.
The startup fees for a Precious Metals IRA include a $50 one time set up fee, $125 for metals storage for the first year, a $75 administrative fee, and a wire fee of $30 for domestic investment purchase, totaling an initial start up of $280. Annual renewable fees are coin storage of $125 and a $75 administrative fee, totaling $200 annually. These fees are payable to Sterling Trust Company, your new custodian.
Don't waste another day. That old 401(k) is just sitting there waiting for a little life support, and that is exactly what gold provides.