OPTION 2: A TAX FREE RETURN ON YOUR INVESTMENTS

Taxes are the largest hole in your financial ship.  There are ways to reduce, defer, and even escape paying taxes on investments, but it requires additional steps of preparation BEFORE the anticipated windfall gain, and there are certain rules that need to be met as well.  There are 3 options:

1. A custodial provided Precious Metal ROTH for exotic foreign currencies like the IQD.  This is easy, but only works for foreign currencies and precious metals.  It will not work for cryptocurrencies. 
2. A custodial provided Crypto ROTH for investing in the crypto world.  This is easy, but limited to a single exchange service, (ie. Gemini), and cannot include foreign currencies.  
3. A Self Directed One Member LLC checkbook control ROTH that allows MULTIPLE investment options, including foreign currencies, crypto, and 100+ more.  This option cost nearly the same as the above mentioned, but is more cost effective in the long run.  To learn more, make an appointment with me.

Here are the rules for a ROTH:

• The ROTH retirement account must age 5 calendar years before being eligible to release your TAX FREE return.
• You must be 59.5 years or older to access the gains from your ROTH.
• The funding of the ROTH must be from ACTIVE earnings, meaning the taxes have already been paid and the funds did not come from PASSIVE earnings like retirement, social security, or Schedule E income.  (YOU CAN ROLLOVER AN IRA INTO A ROTH, BUT THERE WILL BE SOME TAX PENALTIES INCURRED.)
• The annual amount allowed in your ROTH depends on your age.

The ROTH is by far the best method of handling your windfall TAX FREE return plans.  The steps to accomplish it can seem overwhelming, but there is help available from MAXPLANS FOR LIFE.