We are asked by residents of Illinois many times if you can convert a 401k to a silver IRA, Gold IRA or precious metal IRA. in Illinois this is possible, and the best way to achieve this is via a 401k to silver IRA rollover.
Illinois laws allow you to roll over any portion of either a 401k plan or a 403b plan into a Silver IRA without incurring any form of a tax penalty.
We advise residents of Illinois to consider only investing a maximum of 30% of your entire retirement funds into a basket of precious metals. Most good companies offering 401k or 403b rollover schemes in Illinois would make the same sort of recommendation. A strategy that diversifies your retirement holdings as much as possible will ensure you de-risk your retirement portfolio as much as possible. If moving from a 401k or 403b plan into IRAs, set up at least one precious metal IRA and one more traditional IRA this way, you will be able to hold a wide variety of asset type for your retirement years.
Making a move from a 401k or 403b plan in Illinois can be complex; However, several precious metals companies operate in Illinois we would highly recommend Goldco.
When we evaluated all of the Silver and Gold IRA companies operating in Illinois, we found Goldco offered the best customer services and were highest rated amongst many the companies we review. We spoke to them on several occasions throughout our review process. We found that their staff were amongst the most polite and helpful of all providers offering these facilities. We also found that they were not at all pushy and that they never tried to force you to buy anything.
The information pack they provided at no cost was amongst the most complete we reviewed from any provider and explained all the pros and cons of investing in precious metals for your retirement.
We can fully understand why sites like www.bearlakegold.com have awarded them the 2021 Gold and Precious Metals IRA provider of the year.