TL;DR - Quick Answer
A Gold IRA rollover transfers funds from an existing retirement account (401(k), 403(b), TSP, traditional IRA) into a Self-Directed IRA holding physical precious metals—tax-free when done correctly. The process often takes 2-4 weeks: open a Self-Directed IRA with an approved custodian, initiate a direct trustee-to-trustee transfer, then purchase IRS-approved metals stored at an approved depository. Typical first-year costs run $250-$500 plus metal premiums. The critical rule: use direct transfers to avoid the 60-day rollover window and potential tax consequences.
What Is a Gold IRA Rollover?
A Gold IRA rollover moves funds from an existing retirement account into a Self-Directed IRA that can hold physical precious metals. Unlike standard IRAs limited to stocks, bonds, and mutual funds, a Self-Directed IRA allows ownership of tangible assets like gold, silver, platinum, and palladium.
Key Benefit: Tax-Free Transfer
When executed as a direct trustee-to-trustee transfer, your rollover incurs no taxes or penalties—regardless of amount. Your retirement savings move from paper assets to physical metal while maintaining their tax-advantaged status.
Which Accounts Can You Roll Over?
Eligible for Rollover
- Traditional IRA - Direct transfer anytime
- Roth IRA - Maintains Roth status
- 401(k) - From former employer
- 403(b) - From former employer
- TSP - Thrift Savings Plan
- SEP/SIMPLE IRA - Business retirement plans
Important Restrictions
- Current employer 401(k) - Usually requires separation or age 59½
- Inherited IRAs - Special rules apply, consult tax advisor
- One rollover per year - 60-day rollovers limited to once per 12 months
The Rollover Process: Step by Step
Choose a Self-Directed IRA Custodian
Select an IRS-approved custodian that specializes in precious metals IRAs. They handle the paperwork, reporting, and ensure IRS compliance. We work with several established custodians and can provide recommendations.
Open Your Self-Directed IRA
Complete the custodian's application. You'll provide identification, beneficiary information, and sign the custodial agreement. This typically takes 1-3 business days.
Initiate the Transfer
Your new custodian contacts your existing plan administrator to request a direct transfer. This is the safest method—funds move directly between institutions without you taking possession.
Select Your Metals
Once funds arrive, choose from IRS-approved precious metals. This includes American Eagles, Canadian Maple Leafs, and approved bars meeting purity requirements (.995+ gold, .999+ silver).
Secure Depository Storage
Your metals are shipped to an IRS-approved depository for secure, insured storage. You cannot store IRA metals at home—this would trigger a taxable distribution.
Typical Timeline
Custodian setup and paperwork
Depends on current custodian
Select and order products
Metals arrive at storage
Total: 2-4 weeks typical (some 401(k) plans may take longer)
Understanding the Costs
One-Time Fees
- Custodian Setup Fee$50-$100
- Wire Transfer Fee$25-$50
Annual Fees
- Custodian Annual Fee$75-$300
- Storage Fee$100-$300
Note: Metal purchases include a dealer premium over spot price. There are no IRS fees for rollovers. Total first-year costs typically range from $250-$500 plus metal premiums.
Common Mistakes to Avoid
Taking Possession of Funds
If you receive a check, you have 60 days to deposit it. Miss the deadline and face taxes plus a 10% penalty if under 59½. Always use direct transfers.
Home Storage Schemes
Despite what some promoters claim, storing IRA metals at home creates a taxable distribution. The IRS requires approved depository storage.
Non-Approved Metals
Only IRS-approved products qualify. Collectible coins, jewelry, and metals below purity standards cannot be held in an IRA.
Rolling Over Current 401(k)
Most 401(k) plans only allow rollovers after separation from employer. Check if your plan allows in-service distributions.
Ready to Start Your Rollover?
We walk you through each step—from picking a custodian to choosing your metals. No pressure, no pitch. Just straight answers.