Home Delivery Gold IRA vs. Traditional IRA
A Home Delivery Gold IRA is also referred to as checkbook gold IRA. It is also known as an LLC gold IRA and is a type of individual retirement account (IRA). The owners of this type of account have direct control over what assets the account invests in. This has an added advantage of reducing administrative fees associated with most IRAs.
Note that we are not lawyers and do not provide legal, tax or investment advice.
TRADITIONAL GOVERNMENT IRAs 2016
Traditional IRAs come with an outlined choice of investments options that are governed by a custodian (a financial institution). On the other hand, self-directed IRAs allow for a diversity of assets ranging from:
- real estate
- private mortgages
- private company stocks
- precious metals meeting certain statutory requirements
Home Delivery Gold IRA Structure
A new business entity, typically a limited liability company (LLC), is created by the IRA account holder. The LLC is owned by the IRA, and the IRA account holder is the manager of the LLC, giving the IRA account holder control over what the LLC invests in. In this manner, the IRA account holder has control over what the IRA invests in, and many of the custodial and management fees associated with traditional IRAs are reduced or eliminated. All of the same rules regarding distributions that apply to traditional IRAs also apply to self-directed IRAs like the Home Delivery Gold IRA. You can find more information on our Home Delivery Gold IRA page.
HOME DELIVERY GOLD IRA
Advantages of the Home Delivery Gold IRA
A self-directed IRA like the Home Delivery Gold IRA allows for more control and autonomy to the owners. Owners can make the decisions regarding their investments, allowing for allocation of investments across a diversity of asset classes. For example, an owner may choose to venture into real estate as opposed to bonds and stocks. Owners are never pushed into making investments they do not desire. Check out our why invest in gold page.
Disadvantages of Home Delivery Gold IRAs
The biggest disadvantage to a self-directed IRA like the Home Delivery Gold IRA is that they require some level of expertise. Since the owner is responsible for choosing the financial investments, this can be a limiting factor for those who are not aware of what to do or where to make their investments. Many are more comfortable using a professional to manage their investments and make these decisions. For more help in understanding the gold market and the coins and bullion available to you, call AUGUSTA PRECIOUS METALS (855) 242-4121. They are an established company and can answer these types of questions for you. You can also find information on Self Directed IRAs on the wiki page.
Disclaimer Updated 03/20/2016
Self Storage Gold IRA (“SSGI”) does not provide legal, tax, or investment advice. Nothing of the foregoing, or of any other written, electronic or oral statements or communication by SSGI, its representatives, or attorneys is intended to be, or should be relied on as, legal, tax or investment advice, statements, opinions or predictions.