Retirement Accounts that Can Be Rolled Over into a Gold IRA

When it comes to rolling over funds into a Gold IRA, several types of existing retirement accounts can typically be transferred. These include:

1. Traditional IRA

Eligibility: A traditional IRA can be rolled over into a Physical Gold IRA. This type of IRA allows for tax-deferred growth, so rolling it over into a gold IRA doesn't trigger immediate taxes or penalties if done correctly.

2. Roth IRA

Eligibility: Similar to a traditional IRA, a Roth IRA can be rolled over into a Gold IRA. However, keep in mind that Roth IRAs are funded with after-tax dollars, so if you roll over a Roth IRA into a Gold IRA, it will still retain its tax-free status for withdrawals (as long as you follow all applicable rules).

3. 401(k)

Eligibility: If you have an old 401(k) from a former employer, you can roll it over into a Gold IRA. However, you cannot roll over a current 401(k) (from your active employer) into a gold IRA unless you're over the age of 59½ or the plan allows in-service distributions.

4. 403(b)

Eligibility: Similar to a 401(k), if you have an old 403(b) (common for teachers, non-profit workers, etc.), it can be rolled over into a Gold IRA. This is a tax-deferred retirement account like a 401(k).

5. TSP (Thrift Savings Plan)

Eligibility: Government employees or military personnel who have a TSP can roll over their account into a Gold IRA once they leave the service or government employment.

6. Pension Plans (In Certain Cases)

Eligibility: While most pensions are not directly eligible for rollover into a Gold IRA, certain lump-sum pension distributions can be transferred into a Gold IRA, provided the terms allow. This is more common in cases of employer-sponsored pension plans with lump-sum distribution options.