401(k) to Gold IRA Rollover
How a 401(k) rollover can work, why plan eligibility matters, and what to know about direct versus 60-day rollovers.
Whether you can move money from a 401(k) depends first on the plan and your eligibility for a distribution. Do not assume an active employer plan can be moved simply because a dealer accepts rollovers.
Direct rollover
For an eligible distribution, the plan administrator can generally make the payment directly to an IRA. IRS guidance says no tax is withheld from the amount transferred directly.
Payment to you
If an eligible employer-plan distribution is paid to you instead, 20% mandatory withholding generally applies. Completing a full 60-day rollover can require replacing the withheld amount from other funds.
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Editorial note: Educational content only. This page does not provide individualized investment, tax or legal advice. Verify current rules and company terms before acting.