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01:38 Active vs eligible 401k
02:26 How to move 401k without penalty
05:14 How a 401(k) loan works
09:30 Advantages of 401(k) loan
10: 09 Risks of 401(k) loan

Based on the search volume for “move 401k to Gold” and related terms like “how to move 401k to Gold without penalty”, it is clear that many people have money in 401k accounts and they would like to move that money into Precious metals.

Unfortunately, the IRS is very restrictive about what investors can do with their 401k money.

For example, money in an active 401k cannot be moved out of the 401k and into another retirement account.

This is very different than the rules for Retirement accounts like IRA, 401b, 457, TSP, etc.

With those tax-advantaged accounts investors are can move their retirement savings from one account to another without triggering any taxes or penalties but the IRS doesn’t permit that with active 401ks.

This video is the third in a series addressing how to move 401k accounts into Gold:

Video 1: How to move 401k to Gold without penalty
Video 2: How to move 401k to Gold

Video 3: Move 401k to Gold

All of these videos can be found on the Satori Traders channel.

Active vs eligible 401(k) plan

An active 401(k) is the plan that you have with your current employer while an eligible 401(k) is a plan that you had a previous employer.

Eligible 401(k)s can be moved into other Retirement accounts but active 401(k)s cannot.

Another wrinkle to be aware of is that rolling an eligible 401(k) into an active 401(k) makes the funds from the previously eligible 401(k) ineligible for a rollover or transfer.

With an eligible 401(k) you can easily move your retirement savings into a Precious metals IRA without tax consequences. The details of this process are covered in the first video in this series, “How to move 401k to Gold without penalty”.

Options for moving active 401(k) into Gold

In the second video in this series, “How to move 401k to Gold”, we cover all of the options an investor has for moving their 401(k) money into Precious metals.

The options are listed below and you can explore the details of each option in the second video:

1. Stop contributing to the 401(k) account and use the money to purchase physical Precious metals.

2. Leave current employer so the active 401(k) becomes eligible. This option is not recommended.

3. Take an emergency withdrawal and purchase physical Silver and Gold. This option is not recommended because it involves fraud.

4. Change 401(k) plan to a self-directed account. This option is only available within some 401(k) plans. With a self-directed 401(k) account the investor can purchase GLD and SLV, ETFs that claim to be backed with physical Precious metals.

5. Take a 401(k) loan and use the proceeds to purchase physical Silver and Gold.

Advantages of 401(k) loan

There are two benefits of taking a 401(k) loan.

First, you take personal possession of a portion of your retirement savings. You can use that money as you like and, obviously, purchasing physical Silver and Gold is one of the things you can do with the funds.

Second, you diversify your Portfolio out of paper Investments like Stocks, Bonds, and Mutual funds and into tangible Investments with unquestionable value.

401k vs Gold

In the second video we point out the main differences involved with a 401k vs Gold.

The primary difference is that a 401(k) account is limited to only paper Investments (Stocks, Bonds, and Mutual funds) while Gold is a tangible, physical asset with widely accepted value.

Also, all of the assets in a 401(k) account have counter-party risk while Gold stands on its own with zero counter-party risk.

Finally, the assets in a 401(k) tend to perform poorly during periods of Inflation and Stagflation while the Precious metals tend to come alive and thrive during these challenging economic conditions.

Watch the video and find out how to move your active 401k to Gold.

FTC Disclosure: Satori Traders is a fee-only California-registered Investment Advisor. We provide Precious metals information for free to help consumers educate themselves. The contents of this video do not constitute financial advice. Satori Traders provides financial advice exclusively to clients with assets under management as detailed in our Investment Management Agreement. Always perform your own analysis and due diligence when putting your hard-earned money at risk. Before making any Investment decision consult your own Investment, Financial, Tax, and Legal advisors. These professionals will make recommendations appropriate for your personal circumstances and tolerance for risk. We receive compensation from external companies when you do business with them….(read more)

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