Gold IRA Rollover Mistakes to Avoid

Common process, tax, timing and provider-selection errors to watch for.

Common process, tax, timing and provider-selection errors to watch for. This guide is designed to help you identify the rules, costs, and decision points that matter before you contact a dealer or move retirement assets.

Mistake 1: starting with the metal purchase

Get the account and transfer mechanics right before selecting products. A properly structured transfer is foundational.

Mistake 2: confusing a transfer with a 60-day rollover

The IRS treats trustee-to-trustee transfers differently from certain IRA-to-IRA rollovers, including for the one-rollover-per-year rule. Review IRS rollover guidance.

Mistake 3: ignoring product eligibility

Not every coin or bullion product can be held in an IRA. Confirm with the custodian before buying.

Mistake 4: underestimating spreads

Account fees are only part of total cost. Compare the purchase price with the dealer’s immediate buyback price.

Mistake 5: treating sales claims as tax advice

Use the IRS and a qualified tax professional for transaction-specific tax questions.