How to move 401k to gold without penalty? 401k is a retirement program in which the tax has contributions in it to make some more benefits. Commonly, it is offered by companies or businesses to their employees. The name itself is made based on the US internal income code. Employees can get the contribution of 401k shares through the money that is cut from their salary. It is given after retirement and in the form of money. It is possible to convert 401k to gold, but there are some points to know. What are they?