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Asset Preservation

GETTING STARTED 
  • Open a self-directed account with Gold Safe Exchange
  • Initiate a transfer and/or rollover funds from an existing IRA or old 401(k) plan. You may also make annual contributions to your account.
  • Decide which asset to purchase. You find the asset, negotiate the terms, and you instruct Gold Safe Exchange to use your account's funds to complete the transaction. 
INVESTMENT OPTIONS 
Traditional IRAs are allowed to hold many types of investments: 
  • Real Estate: commercial, residential, land, mineral rights, agriculture, etc
  • Private Loans: business loans, construction loans, mortgages, convertible notes, promissory notes, etc. 
  • Private Equity: startups, local businesses, private funds/developments, LLCS, C-Corps, LPs, etc. 
  • Precious Metals: gold, silver, platinum and palladium bullion and coins allowed by the IRS
  • Public Securities: stocks, bonds, mutual funds, ETFs, etc.
 
BENEFICIARIES 

It can be useful to name beneficiaries to your Traditional IRA plan. When the account holder expires, all assets in the plan will be transferred into one or more inherited Traditional IRA plans in the name of the beneficiaries. Inherited IRAs avoid probate, and provide cash and assets to tax-advantaged plans for friends and family that can be used for their retirement investing

 
TERMINOLOGY 
Contribution:

Money contributed to your IRA from your personal funds. The IRS limits the amount you are able to contribute each year

The amount that can be contributed to a Traditional IRA is set by the IRS each year and varies by the account holder's age. Account holders 50 years and older are allowed to contribute more through a catch-up contribution. The annual contribution limit is spread across all Traditional and Roth IRAs in an investor's portfolio. Contributions to the Traditional IRA could be taxable

Once a Traditional IRA account holder reaches 70.5 years of age, they can no longer contribute to their account

Distribution:

Cash and/or assets withdrawn from your IRA. The value of these assets is taxed at your income tax rate

An IRA account holder can take distributions at age 59.5 without penalty, and must take required minimum distributions at age 70.5. 

A distribution from a Traditional IRA can be in cash or in-kind. An in-kind distribution occurs when the account holder takes distribution of the asset itself rather than the IRA liquidating the asset and receiving the cash proceeds as a distribution

Once a Traditional IRA account holder reaches 70.5 years of age, they can no longer contribute to their account. They will be required to take a minimum distribution from their Traditional IRA annually. This distribution can be taken in cash or in kind, and is based on the value of all Traditional IRAs, SEP IRAs and SIMPLE IRAs in the investor's portfolio. The amount that must be distributed each year differs based on account values and client age. The IRS provides a Required Minimum Distribution chart (visit www.irs.gov)

Transfer:

A client who has another pre-tax IRA, such as a SIMPLE IRA, SEP IRA or Traditional IRA can move funds directly from one account to the new Traditional IRA. Transfers are not reported to the IRS. They are not taxed or penalized

Rollover:

If a client has a non-IRA account that has a pre-tax structure, like a 401(k), 403(b), 401(a), 457(b), etc. they may be allowed to move funds into the Traditional IRA. Often, if the individual is still employed with the company that contributes to the other plan, they will not be allowed to perform the rollover. However, each company plan has their own rules. If a rollover is allowed, the individual will contact the administrator of the employer plan to start the rollover into the new Traditional IRA account. Rollovers are initiated by the account holder, who can either elect to receive the rollover funds (indirect rollover), or have the funds sent directly to the new administrator (direct rollover). If the account holder receives the funds, they have 60 days to deposit those funds into a new retirement account without tax consequence. Rollovers are reported, but are not taxed or penalized by the IRS if a new administrator receives the funds within 60 days