Precious metals investors are attracted to the idea of using an Individual Retirement Account to purchase physical precious metals. Nevertheless, many are hesitant to do so because someone else is holding their metal.
However, there is a type of self-directed retirement account whereby you can fund an IRA with precious metals and keep them at home.
The IRA LLC is a hidden gem to the precious metals community. The structure allows the individual to take physical, at-home, possession of certain Gold and Silver Coins with IRA funds and it is not a taxable distribution. The metal does not have to be held at a depository and can be purchased from the dealer of your choice.
For those that have considered cashing out their IRAs or 401ks thus paying taxes and penalties, this can be a much cheaper alternative to physically holding precious metals. Perpetual Assets are experts in the creation of the IRA LLC. We will have your retirement account converted to cash in your local bank in the LLC checking account. You will have checkbook control of your retirement cash in a matter of days.
We have been conditioned to believe that we cannot hold our IRA assets, that we are not in control, and that we must rely on brokers, bankers, and storage depositories. This is not true.
Beware of the Traditional Gold IRA
Precious metals IRAs are no secret. However those most advertised are wolves in sheep’s clothing. These traditional gold and silver IRA accounts involve a 3rd party trustee, a depository or vault, where your precious metals are stored, on behalf of your retirement account. If you don’t hold it, you don’t own it. The risk of confiscation of bullion stored by third party is legitimate. Many believe the same risk applies to retirement account deposits.
The question is not if an ever-increasing bankrupt government will bail in retirement accounts, but rather when. Many argue the lowest hanging fruit in retirement funds are the government employee pensions. This is likely true. If so, then the highest fruit, or most difficult to access, is self-directed IRAs, and furthermore IRA LLCs.
Jailbreak Your IRA with Perpetual Assets IRA LLC
Feel like your retirement account is locked up and out of your control? Taking possession of metals is not the only purpose for the IRA LLC. This structure allows the most open investment platform in the retirement industry. Clients are no longer limited to a blanket of mutual funds. Some alternative investments include private placements, stock in companies, oil and gas leases, energy contracts, real estate, investments, loans, currencies, and more.
This platform has its pros and cons as any other, and the proper setup is crucial. Upfront cost is roughly $2000 as there are numerous legal documents, affidavits, and compliance requirements that must be met. All fees are viable expenses to the IRA and are payable by the IRA account. Perpetual Assets is an industry leader in IRA LLC rollovers. Although one of the fastest growing companies in the industry, we provide intimate client support and remain committed to exceed all expectations.
Once the IRA LLC is setup the flexibility is incredible and the ongoing fee structure is very low, typically about $200 per year. The IRS compliant custodians we use have the lowest fees in the industry. Unique in structure, the LLC acts as an investment company that is managed by the individual, whom is also the beneficiary of the IRA. As long as there are no prohibited transactions the investor can invest in literally anything except collectibles and life insurance contracts.
It is also relevant that this structure has been challenged and upheld in court numerous times, and the IRS ultimately released a field advisory statement in April 2001 stating it would no longer challenge the legitimacy of the IRA LLC structure.
The IRA LLC offers segregation and protection in numerous regards. It provides the ability to physically store gold and silver that is owned by your IRA, or like account. It also adds a layer of separation from banks, brokers, and thieves by removing your assets from the brokerage and banking systems. Take your retirement into your own hands, literally, and enjoy full protection!
For more information call Perpetual Assets, 1-888-281-2630, or visit www.perpetualassets.com/ira