The Precious Metal Roth
This option is designed for metals and requires the items be vaulted separate from the investor.
It can be used for IQD as well.
•The IQD is owned by the ROTH, so it stored in a certified vaulting service.
•The vaulting service makes the exchange on your behalf.
•When you elect to exchange, they call the bank and “FREEZE” the value at the moment.
•The exchange is done quickly and the funds sent to the custodial service in a day or 2.
The “PRO’s” Precious Metal Roth
While there are many concerns regarding the IQD isn’t in your hands, there are guarantees in place to ensure it’s safety.
•The notes are purchased from a licensed dealer.
•The IQD is stored in segregated vaults to ensure correct deposits per client.
•The cost is minimal. ($100/year)
•The exchange is done when you request it at a major bank, (Chase).
•The vault and transporting of your IQD is insured.
The Set Up Process of a Precious Metal Roth
•The ROTH is established with a custodial service.
•There is an initial registration of $50 and an annual fee of around $300. (Fees vary with custodial service providers.)
•The funds to purchase the IQD is sent to the custodial service.
•The custodial service purchases the IQD on your behalf.
•The IQD is sent to the vaulting service of your choice.
The Exchange Process of a Precious Metal Roth
•When the IQD rate you desire is achieved you:
•Contact the vaulting service and tell them how much IQD you want exchanged.
•They notify the bank of the anticipated exchange for the day.
•They transport the IQD to the bank location in an armored vehicle.
•The bank processes the exchange.
•The funds are sent electronically to the vaulting service.
•They forward the electronically sent funds to the clients desired location
•In the case of a ROTH the funds are forwarded to the custodial service.
•After the exchange you provide a sells agreement/notification to the custodial service of your sell of the IQD.
The Receipt of the Funds in your ROTH
•When the custodial service receives your IQD exchanged funds, you can:
•Receive your QUALIFIED ROTH funds.
•REMEMBER, it has to be aged 5 years and you must be 59.5 years old.
•Invest your ROTH results.
•If your ROTH isn’t QUALIFIED, you can invest your exchanged funds in more precious metals
•Roll over your Precious Metal Roth to a self directed ROTH and invest your funds in traditional investment options.
•The Precious Metal ROTH has an annual fee for the custodial and vaulting services of around $400/year, (average).
•The SDIRA has:
•The custodial fees
•The annual renewal of the state LLC fees
•The renewal of the registered agent fees, (if it isn’t you).
•The preparation of an annual tax return.
•The IQD is purchased from a licensed dealer to avoid counterfeiting issues.
•The IQD is stored in a secure and insured location.
•The IQD is available for exchange during the work week.
•The transportation of the IQD is secured and insured.
•The exchange is done in a major bank and not available to the general public view.
•The exchange is done electronically, reducing the physical loss of the notes/funds.
All information and discussions presented are for educational purposes only, are general in nature, and are not intended as investment, legal or tax advice. Each person’s personal and financial situation is unique and different, and the information provided may not apply to or work effectively for you. By signing up for, and attending or participating in any presentations, you agree that Bob Adams, David Steffensen, Tony Elder, personally, and MaxPlans for Life, Inc., and all affiliate companies, representatives, associates, or employees (“Information Providers”) are hereby held harmless from all liability and loss associated with the information and discussion provided, and as to any action or strategy you may choose to implement with regard to the same. In all events, we encourage you to consult with qualified and independent legal, tax and investment advisors of your choosing as to any idea, strategy, or concept presented herein.
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