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# Can I roll over an existing 401(k) or IRA?

Yes! Rolling over an existing retirement account into a precious metals IRA is one of the most popular ways to get started, and SoundMoney's IRA specialists are experienced in making the process smooth and straightforward.
## What Accounts Can Be Rolled Over?
Most employer-sponsored and individual retirement accounts are eligible, including:
* **401(k)** — the most common employer-sponsored retirement plan
* **403(b)** — typically held by teachers, non-profit, and healthcare workers
* **Thrift Savings Plan (TSP)** — the retirement plan for federal government and military employees
* **Traditional IRA** — an existing individual retirement account
* **SEP IRA** — commonly used by self-employed individuals and small business owners
* **SIMPLE IRA** — another employer-sponsored plan for small businesses
## Is a Rollover Taxable?
When done correctly, a rollover is a **completely tax-free event** with no penalties. There are two ways to execute a rollover:
### Direct Rollover (Recommended)
Funds move **directly from your existing custodian to your new SDIRA custodian** without ever passing through your hands. This is the cleanest and most straightforward method with zero tax implications.
### Indirect Rollover
Your existing custodian sends the funds **directly to you**, and you then deposit them into your new SDIRA. Important rules apply:
* You have **60 days** to deposit the funds or the IRS treats it as a taxable distribution
* Your existing custodian may **withhold 20%** for taxes, which you would need to make up out of pocket and reclaim later when you file your taxes
* You are limited to **one indirect rollover per 12-month period**
For these reasons, a **direct rollover is almost always the better option.**
## Are There Limits on Rollover Amounts?
No. Unlike annual contributions, rollovers are **not subject to the $7,000/$8,000 annual contribution limits.** You can roll over your entire existing account balance in a single transaction, making this an efficient way to move a significant amount into physical precious metals.
## What About a Roth IRA?
Rolling a traditional pre-tax retirement account into a **Roth precious metals IRA** is possible but involves a **Roth conversion**, which is a taxable event. The converted amount is added to your taxable income for that year. However, future growth and qualified withdrawals would then be **tax-free.** We strongly recommend consulting a tax advisor before pursuing this path.
## How Does SoundMoney Help?
Our IRA specialists work with you every step of the way:
* Help you determine which of your existing accounts are eligible
* Introduce you to your custodian, **New Direction Trust Company (NDTCO)**
* Coordinate the paperwork and transfer process
* Guide you through selecting your metals once funds arrive
Most rollovers are completed within **2–4 weeks** from start to finish.