…….. The IRA LLC I must lead with a caveat here that I am biased to this concept. I am a ‘for profit’ consultant and facilitator of the IRA LLC. This platform has its pros and cons as any other. The upfront cost can range from $1,500 to $3,000 to have an attorney or professional facilitator set one of these up, and the proper setup is crucial. Involved are numerous legal documents, affidavits, and compliance requirements that must be met. Once setup the flexibility is great and the ongoing fee structure is very low, typically $115 to $200 per year. Within the 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. Many include: investment real estate, bug out property, private placements, oil & gas leases, loans, currencies, Bitcoin, other LLCs, etc. The LLC also adds another layer of protection from potential Govt pillaging of retirement accounts as referenced above.
Perhaps the biggest advantage of the IRA LLC to the Precious Metals investor is that the individual (manager of the LLC) can take physical possession of Gold and Silver Eagle Coins with IRA funds and it is not a taxable distribution. The metal does not have to be held at a depository. For folks 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. There are no additional IRS reporting requirements, merely an annual dollar asset valuation reported to the custodian…
It’s no secret that one of the largest blocs of people pressing for so-called “gun control” is the culturally aka not-so-religious American Jewish community. This confounds many observers who would expect that Jews, with such a stunning history of oppression and murder by humanity’s villains, would cling tenaciously to personal firearms and the ability to protect themselves as the Hebrew Scriptures instruct.In reaction to the Holocaust, American Jews adopted the phrase “Never Again!”
If actions mean anything, they don’t believe it…via JFPO