Anyone have experience with either company with rolling over their 401k into one of their precious metals IRA accounts? I have one from a previous employer i'm trying to find a home for and appreciate any anon inputs!
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Anyone have experience with either company with rolling over their 401k into one of their precious metals IRA accounts? I have one from a previous employer i'm trying to find a home for and appreciate any anon inputs!
I haven't used either one... personally I would look into self directed IRAs and you can then invest in a variety of things... gold, silver, crypto etc. Let it all ride on GME if you're feelin lucky lol.
There are various custodian companies that will help manage it for you.
EDIT: the above is not financial advice, just my personal thoughts.
I do have a Fidelity account that I could do this with, but i'm still a bit leery of any broker, especially whenever it comes to real physical precious metals, and not just paper shares. I do hold GME and DJT, and want to put most of this 401k into metals.
This is an option I can go with, but would prefer a "safer alternative" without taking tax hits at the same time.
I wouldn't necessarily trust fidelity either.. I was thinking more along the lines of generic self managed custodians that will just generate the tax stuff for you and then you use any broker you want to execute trades, but that too comes with some risk since even if there is nothing wrong sometimes the IRS will look at you sideways just for having a non-standard setup and cause you expense for no reason. Its annoying, I know.
This week we have been innundated with CMEs from the sun. It only takes one really big blast from the sun to put us back to the stone age. OP, you might want to think about getting some gold and silver to have on hand if the lights go out. Electricity might not be your friend in a power outage, but physical gold or silver will. Not saying to rush out and do it, but just think about a grid down scenario.
It's no more secure than any other IRA.
Unless you have physical control of it in your hot little hands, you don't really own it and there's zero security or advantage going with that over another IRA, aside from potential gains of one vs other.
There comes a point in your awakening when you have to realize, playing by their rules with the 401k and IRA etc is way less secure and valuable than you holding actual physical in your hand.
You can certainly do both...
i personally don't mind the "tax hit" in just cashing it out all together, but this is new to me and would prefer to get my "bang or my buck". I have been stacking physical for years now so I know the importance of having it in hand at all times. I just know it's much better to place my 401k holdings into something much more tangible than fiat based investments.
My thinking was similar, but quickly realized it was really no different than any other IRA. I've reduced contributions to the casino investments and have been leaning harder on physical in the past 2 years.
I used Birch Gold, everything went smooth.
That's great to know, and with DJT Jr and Bannon backing it, this is my preferred route over Noble, but I"ve also heard of other anons using them and had great success so I was curious.
Glad to help, I transferred some 401k funds, and took delivery on silver rounds, mark up was about $4.oo over spot.
https://www.learcapital.com/gold-ira/precious-metals-ira/
Don't fall for Goldco. The coins are way overpriced.
i've heard about them and threw them in the trash already lol. Birch Gold Group and Noble Gold are the only 2 i've heard patriots talk about.