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However, you might be able to rollover funds from a 401(k) or other eligible retirement plan into an IRA and then transfer them to a gold IRA. Seeking professional steering may also help people navigate the complexities of opening and managing a Gold IRA effectively. Monetary expert underscores: “Correctly managing your gold IRA transfer or rollover can provide help to avoid early withdrawal penalties and unexpected taxes. If you’re youthful than 59 ½ years old, you’ll even be topic to a 10% early withdrawal penalty if the rollover is just not comple