Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
In the same category

Take Possession of IRA Metals Webinar July 22, 2015

IMG Auteur
Mike Maloney
GoldSilver
Published : July 24th, 2015
114 words - Reading time : less than a minute
( 0 vote, 0/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
Disclaimer
Category : GoldWire

One of the most common questions IRA clients ask is, Can I take possession of my IRA metals?"  Not all of the IRA custodians we work with allow their clients to use an IRA LLC.  American Estate & Trust is one that does and we explain the benefits and disadvantages of using this strategy in this webinar.


One of the most common questions IRA clients ask is, Can I take possession of my IRA metals?"  Not all of the IRA custodians we work with allow their clients to use an IRA LLC.  American Estate & Trust is one that does and we explain the benefits and disadvantages of using this strategy in this webinar.
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Since 2005, Mike Maloney has been the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Mike founded GoldSilver.com, an online precious metals dealership featuring concierge services, physical delivery of gold and silver to customer doorsteps around the world, as well as providing international 3rd Party Vault Storage options for customers' precious metal holdings
Similar articles you might enjoy :
Comments closed
  All Favorites Best Rated  
sirqitous   7/24/2015 at 8:12 PM GMT
View his profile - check his comments (5)
Follows 0 member    Followed by 0 member     Average note : 100 / 100 -?-
Internal Revenue Code 4975 language suggests that whether the gold is held directly by the IRA or by an IRA LLC (which is nonetheless still subject to the requirements of holding in an IRA, since it is not owned by the individual IRA-holder, but by the IRA itself), precious metals must be held in a third party location such as depository or bank safety deposit box. It is extremely perilous for IRA LLC clients to hold metals which are owned by their IRA LLC in their personal possession -- the risk is of dissolution of the entire IRA itself (not just the holdings of that IRA LLC), with the associated tax consequences, plus penalties.
Rate :   1  0Rating :   1
EmailPermalink
Latest comment posted for this article
Internal Revenue Code 4975 language suggests that whether the gold is held directly by the IRA or by an IRA LLC (which is nonetheless still subject to the requirements of holding in an IRA, since it is not owned by the individual IRA-holder, but by the I  Read more
sirqitous - 7/24/2015 at 8:12 PM GMT
Rating :  1  0
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lithium mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold