Principal Financial Gold IRA Rollover
After decades of work, your Principal Financial account represents real money—money you earned one paycheck at a time. Here's exactly how to move it to a Gold IRA without taxes or penalties.
This is simpler than it sounds. Principal Financial Group administers retirement plans for thousands of employers. Their rollover process varies by plan but generally follows standard procedures.
Nervous About Doing This Yourself?
Most people are. Augusta calls Principal Financial for you, handles all the paperwork, and makes sure nothing goes wrong.
Step-by-Step: Rolling Over Your Principal Financial Account
Your Gold IRA company handles most of this. You just need to know what's happening.
Log into Principal.com to review your plan's rollover rules
Open a Gold IRA account
Call Principal at 800-547-7754 for rollover instructions
Complete the distribution/rollover form
Specify direct rollover to avoid tax withholding
Principal sends funds to your Gold IRA custodian
How Long Does This Take?
Here's what to expect once you start the process.
What Helps
- Each employer plan has unique rollover rules
- Principal's online portal shows available options
- Your HR department can provide plan-specific details
- Consider rolling over when changing jobs
Things to Avoid
- Some plans restrict rollover amounts or frequency
- In-service withdrawals may be limited by employer
- Check for any vesting requirements on employer match
Principal Financial Rollover Process Details
Principal Financial serves many employer-sponsored plans. Rollover procedures depend on your specific employer's plan document.
Account Types You Can Roll Over from Principal Financial
If You Want to Call Yourself
Here's Principal Financial's rollover line. Or let Augusta handle it for you.
Skip the Phone Calls
Augusta contacts Principal Financial for you, handles all the paperwork, and makes sure your rollover goes smoothly. No cost to get started.
Get Free Rollover KitHave an Account Somewhere Else?
TIAA
Employer PlanTIAA (Teachers Insurance and Annuity Association) primarily serves educators, healthcare workers, and non-profit employees. Their rollover process can be more complex due to annuity products.
Empower Retirement
Employer PlanEmpower Retirement serves over 17 million participants across employer-sponsored plans. They've consolidated several major recordkeepers including MassMutual and Great-West.
John Hancock
Employer PlanJohn Hancock is a major provider of employer-sponsored retirement plans, particularly in the small to mid-size business market.
Common Questions About Principal Financial Rollovers
Straight answers. No financial jargon.
How long is this going to take?
Principal Financial rollovers typically take 7-14 business days. You can start online, which speeds things up.
Will I owe taxes on this?
No. A direct rollover from Principal Financial to a Gold IRA is 100% tax-free. The money goes straight from one account to the other—you never touch it. No taxes, no penalties. It's the same money, just in a different account.
What happens to my current investments?
Your stocks, bonds, or mutual funds at Principal Financial get sold and converted to cash. That cash then transfers to your Gold IRA, where you use it to buy physical gold. Your Gold IRA company walks you through choosing the right metals.
You Built This. Now Protect It.
After years of saving with Principal Financial, your retirement deserves real protection. Augusta handles everything—they call Principal Financial, complete the paperwork, and make sure your money is safe every step of the way.