401(k)s and Gold Investing
In fact, the vast majority of 401(k) plans do not allow individuals to make any direct investments into the precious metal. 2? This means you can‘t go out and purchase gold bullion or gold coins as part of your retirement plan portfolio.
Also question is, can I roll my 401k into physical gold?
By investing in metals, you’re taking action to protect your retirement savings with an investment that is backed with the tangible asset of physical gold and not the dollar. The good news is you can easily rollover your 401(k) into a gold IRA. To do so is a non-taxable event and there are no penalties.
Secondly, is gold a good investment for retirement?
Despite these emotional appeals, many financial experts warn that gold (and, for that matter, silver, an even more volatile commodity) is just too risky, especially for retirees who need income-producing investments rather than an asset that can swing wildly in value within short periods, or languish for years.