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Take Possession of IRA Metals Webinar July 22, 2015

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Mike Maloney
GoldSilver
Published : July 24th, 2015
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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.
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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
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sirqitous   7/24/2015 at 8:12 PM GMT
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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.
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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
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