60-Day Rule
What is 60-Day Rule?
The 60-day rule gives you 60 calendar days to redeposit retirement funds into another qualified account after receiving an indirect rollover distribution. Missing the deadline means the IRS treats the full amount as a taxable distribution, plus a 10% early-withdrawal penalty if you are under 59½. The clock starts the day you receive the funds, counts weekends and holidays, and has no grace period. The IRS grants waivers only in narrow hardship cases such as hospitalization or custodian error.
Why does 60-day rule matter for Gold IRA investors?
Most Gold IRA funding failures trace back to this deadline. A direct rollover — custodian to custodian — never starts the 60-day clock, which is why it is the standard recommendation for moving retirement money into metals.