Would you like to hold physical gold and silver coins or bars
in your Individual Retirement Account (IRA)
your choice of individual cryptocurrencies,
but are unable to … because they’re not offered?
There is a perfectly legal means for overcoming this dilemma.
Applicable U.S. tax and labor law allows a properly-structured IRA to:
- Buy and physically hold gold and silver bullion.
- Own real estate anywhere in the world.
- Physically hold foreign bonds and currencies.
- Hold stock certificates in operating companies.
- Lease equipment or buy property at foreclosure sales.
- AND, NOW .. you can also invest in, hold (and trade) individual cryptocurrencies.
This technique involves conversion of a regular IRA into a “self-directed IRA” (SDI) and allows the owner to direct IRA asset transfer into a special LLC (Limited Liability Corporation). As the sole manager of the LLC, the IRA owner (you) can then invest IRA funds in a much wider array of assets than are available through an IRA located at a traditional brokerage house – while directly managing the assets yourself.
Here’s what you would need to do to effect this arrangement:
- Rollover all or a portion of your current IRA to a custodian that allows and supports self-directed IRAs.
- Hire an ERISA-qualified attorney to draft and obtain approval for a special ERISA-compliant LLC, of which you would be the manager.
- Establish a bank account for your LLC and move rolled-over funds into the account.
- Deploy LLC funds to acquire desired assets through venues you select
Wayne Peterson, a Registered Investment Advisor for over 30 years, assisted a number of investment clients in moving assets into SDI’s. He can answer your questions and advise you on how to do this.