Moving a 401(k), pension, or IRA into metals
Which accounts can usually be moved, the difference between a transfer and a rollover, and the mistakes that cost people money.
Accounts that can often be rolled over
Most retirement accounts can be moved into a self-directed IRA that holds metals. Your plan's rules decide the details.
- Traditional and Roth IRAs
- 401(k) and 403(b) plans from a former employer
- 457(b) plans
- SEP and SIMPLE IRAs
- Pension plans that offer a lump-sum payout
Still working for the employer that runs your 401(k)? Some plans allow an "in-service" rollover, often after a certain age. Ask your plan administrator.
Transfer, direct rollover, or indirect rollover
How the money moves matters more than most people realize.
IRA-to-IRA transfer
Money moves straight from one IRA custodian to another. You never touch it. Generally no taxes, no withholding, and no limit on how often.
Direct rollover
Money moves straight from an employer plan, such as a 401(k), to your new IRA. Done correctly, it is generally not taxed.
Indirect rollover
You receive the money yourself and have 60 days to deposit it. Employer plans usually withhold 20%, and missing the deadline can mean taxes and penalties.
Most people use a transfer or a direct rollover because they are simpler and avoid withholding. Talk with a tax advisor about your situation.
What a typical rollover looks like
Open the new account
Open a self-directed IRA with a custodian that allows precious metals.
Request the move
The new custodian requests the funds from your current plan or IRA.
Funds arrive
Once the money lands, it sits as cash in your new IRA until you buy.
Buy and store
You choose eligible metals, and they ship directly to a depository.
Common rollover mistakes
- Taking a check made out to you, then missing the 60-day window
- Doing more than one indirect IRA rollover in 12 months
- Agreeing to a home storage setup for IRA metals
- Paying a big markup for collectible or "special" coins
- Signing before you see every fee in writing