403(b) to Gold IRA Rollover Guide
Rolling over a 403(b) to a Gold IRA provides educators and non‑profit employees a way to diversify retirement savings with physical precious metals while maintaining tax advantages. The process is similar to other rollovers but there are important considerations regarding plan rules and IRS regulations.
**Direct Rollover vs. 60-Day Rollover**
- **Direct rollover:** Your 403(b) administrator transfers the funds directly to your new Gold IRA custodian. Since you never take possession of the funds, there is no mandatory withholding and no risk of early distribution. This is typically the recommended option.
- **60-day rollover:** Your plan issues a check payable to you, and you have 60 days to deposit the funds into your Gold IRA. Failing to meet the deadline results in taxes and possible penalties. In addition, 20% of the distribution may be withheld, requiring replacement from personal funds to avoid taxes.
**Steps to convert a 403(b) to a Gold IRA**
1. **Open a self-directed Gold IRA** with a qualified custodian.
2. **Select IRS-approved metals** from the [Approved Metals](/approved-metals) list, including certain gold, silver, platinum, and palladium coins and bars.
3. **Choose a depository for storage** — learn about your options on our [Gold IRA Storage](/gold-ira-storage) page.
4. **Contact your 403(b) plan administrator** to request a direct rollover. Provide the new custodian’s transfer form and account details.
5. **Fund your Gold IRA** and have your custodian purchase the metals and store them.
**Important considerations**
- Some 403(b) plans restrict rollovers for current employees. Check your plan’s rules and consider partial in-service withdrawals.
- Ensure your rollover is completed within 60 days if using the indirect method to avoid taxes and penalties.
- Keep documentation of communications and confirm the rollover with both the plan administrator and custodian.
To learn about other rollovers, see our [Rollover Guide](/rollover-guide). For information on eligibility and tax rules, review our [Gold IRA Tax Rules](/gold-ira-tax-rules) page.