 | A non-qualified retirement account is subject to state or government control and has no tax advantages for the saver. A Qualified Individual Retirement Account is IRS approved and enjoys "tax advantages" like deferred taxation on growth of the assets, or in some very restricted cases the withdrawals are not subject to tax at all upon reaching a certain age. |
Some well-known examples of “qualified retirement accounts” are the Traditional and ROTH retirement plans available to individuals. Qualified employer sponsored retirement plans are the SEP, SIMPLE, 401K and other qualified plans. Like all IRS publications, 560 and 590 which address IRA’s, appear intentionally confusing and the web of counter intuitive rules and regulations makes understanding the IRA nearly impossible.
Qualified IRA’s encourage workers to give up control of their wealth to financial institutions who then pool the assets of millions of workers to make investments intending to maximize returns, and thereby fees, for managing the account assets. The IRS requires the investor to pay a "custodian" to track and report account value and distributions to the IRS.
This creates a need for a whole industry of "professionals" who will help you for a fee. As of January 2014, there were $23 Trillion in retirement account assets in the United States. The management Fees are high (average 3.76%) and some experts estimate the cost to be nearly $1 Trillion per year. An excellent explanation of how these fees are hidden from the public can be found in the documentary "The Retirement Gamble".
Qualified IRA’s encourage workers to give up control of their wealth to financial institutions who then pool the assets of millions of workers to make investments intending to maximize returns, and thereby fees, for managing the account assets. The IRS requires the investor to pay a "custodian" to track and report account value and distributions to the IRS.
This creates a need for a whole industry of "professionals" who will help you for a fee. As of January 2014, there were $23 Trillion in retirement account assets in the United States. The management Fees are high (average 3.76%) and some experts estimate the cost to be nearly $1 Trillion per year. An excellent explanation of how these fees are hidden from the public can be found in the documentary "The Retirement Gamble".
So what's the solution?
Qualified Self Directed Individual Retirement Account LLC (IRA LLC)
The Self Directed Individual Retirement Account Limited Liability Company (IRA LLC or Gold IRA) can be a powerful tool for wealth accumulation to be used in your lifetime or transferred to the next generation.
The greatest advantage for the IRA LLC is control of the assets in the account. A portion or the entire IRA LLC savings can be invested in almost anything (except collectables and life insurance) including precious metals that you take physical possession of and store in your IRA LLC.
The greatest advantage for the IRA LLC is control of the assets in the account. A portion or the entire IRA LLC savings can be invested in almost anything (except collectables and life insurance) including precious metals that you take physical possession of and store in your IRA LLC.
| You also have "Checkbook Control" so buying gold & silver is simply writing a check from the IRA LLC account without asking permission from the custodian. The IRA LLC allows the investor to pay as they go. Each action you direct in your IRA LLC costs a flat fee which is fully disclosed to you up front. |  |
For example, an IRA LLC, regardless of the assets owned or account value, will have a $35 quarterly fee.
A $100,000 IRA LLC will have a yearly fee of $140 vs a Qualified Individual Retirement Account (IRA) with fees of $3,760 (average 3.76%).
Real Gold IRA can rollover your current IRA to an IRA LLC which creates more flexibility and much lower fees.
A $100,000 IRA LLC will have a yearly fee of $140 vs a Qualified Individual Retirement Account (IRA) with fees of $3,760 (average 3.76%).
Real Gold IRA can rollover your current IRA to an IRA LLC which creates more flexibility and much lower fees.
