How Do I Take Money From My 401(k) & Buy a Gold IRA?

Gold is a viable IRA investment option.

Many IRA owners are not aware of the many investment options that IRAs are allowed to hold. The Tax Payer Relief Act of 1997 recognized precious metals as a viable IRA option. The reason most owners are unaware of alternatives to mutual funds and equity investments in IRA accounts is because the IRS does not require custodians to offer every type of investment. You can roll 401(k) funds into an IRA and purchase gold as long as the IRA custodian allows this type of investment.

Instructions

1. Find an IRA custodian that allows gold investments. Certain self-directed IRA custodians offer these as well as other investment options. Contact GoldCoinsGain.com or NWTMint.com for details about gold IRAs.

2. Open an IRA rollover account at your custodian of choice.

3. Contact your 401(k) plan administrator. If you have left the company, you are automatically eligible for a rollover. If you are still with the company, you may be eligible for a partial rollover. Not every 401(k) plan allows this. Obtain rollover paperwork, fill it out and submit it.

4. Submit the rollover check to the new gold IRA custodian. Place the order with the custodian to buy the gold investment.

References

• Northwest Territorial Mint: Precious Metals for Your IRA
• Gold Coins Gain: Gold IRA and Gold 401k Accounts
• IRS: IRAs

Resources

• Northwest Territorial Mint: Precious Metals for Your IRA
• Gold Coins Gain: Gold IRA and Gold 401k Accounts