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1. Is this new?
I’ve never heard of it before.
Retirement
plan owners have been able to participate in non-traditional
programs since the creation of the IRA in the 1970's.
Even though this has been possible since the inception
of the IRA accounts out of the two TRILLION dollars held
in retirement accounts, only about 2% are placed outside
of stocks, bonds and CD's. Why? Simply because people
don’t know they have other options. Why would your
stock broker or banker tell you? Well, now you know that
you have other options. The secret of the rich is now
out of the bag.
2. Am I going to be taxed and have penalties when I move
my IRA into the Self-Directed IRA?
Definitely
not! No money is going out out of your IRA! You
are just putting it to work it in another way. You are
establishing a Self-Directed IRA at the custodian Trust
Company and then the IRA is participating in the
Interbank Foreign Currency market, known as the Forex or
FX market.
3. What kinds of Retirement accounts can I move into the
Self-Directed IRA?
·
401K
·
IRA
·
Sep IRA
·
Simple IRA
·
Roth IRA
·
403B
4.
Are there other types of programs I can use with my
Self-Directed IRA?
Well, when you fully understand the Forex market we
don't know why you would want to be anywhere else
especially if you are now in one of the programs listed
below, but just in case you do here are a few places
where you can begin? In a word, the sky is the
limit. The restrictions your traditional broker has
placed upon your IRA are now gone. Now you can put your
IRA to work in any of the following:
·
Currency - There is nothing like CASH
·
Stocks, Bonds, Mutual Funds
·
Annuities
·
Options
·
Futures
·
Commercial Paper
·
Residential Real Estate
·
Commercial Real Estate
·
Rentals
·
Raw Land
·
Mobile Homes
·
Trust Deeds / Mortgages
·
Real Estate in Foreign Countries
·
Private Notes and Loans
·
Condominiums
·
Private
Stock Offerings
·
Limited Liability Companies (LLC)
·
Limited Partnerships (LPs)
·
Tax Certificates
·
Receivables
5. I see some websites talking about “checkbook
control”. What is it?
We do not recommend this option unless you have a
knowledgeable CPA to help you comply with a ton of IRS
regulations covering "Checkbook control". Quite
simply it means that you are the signer of the checks.
With this you can make an immediate decision, sign the
contract and then write the check. This truly puts you
in control. Some of these websites claim that you
if need to make a snap decision, going back through the
Custodian to do it right may cause you to lose a deal.
This could be true, but we have found that any deal
worth doing also provides the time for proper due
diligence before rushing into something. It also can put
the tax deferred or tax free status of your IRA in
jeopardy if you mess up. Our approach does not
require that you have checkbook control so your chances
of having some regulatory problems are close to, if no
nil.
6. Are there any Prohibited Transactions?
Understanding
prohibited transactions is very critical. The IRS
definition of a prohibited transaction is as follows:
“Generally a prohibited transaction is any improper use
of your IRA account or annuity by you, your beneficiary
or any disqualified person. Disqualified persons include
your fiduciary and members or your family (spouse,
ancestor, linear descendant, and any spouse of linear
descendant).” IRS Publication 590. Strangely,
though your brothers and sisters are not in this group
of prohibited persons.
In IRC 4975 are the rules on prohibited transactions.
Prohibited transactions generally involve one of the
following: (1) doing business with a disqualified
person; (2) benefiting someone other than the IRA; (3)
loaning money to a disqualified person; or (4) investing
in a prohibited investment. For all of these rules
there are some important exceptions if properly
structured.
Your IRA is a different legal entity, established for
your benefit when you reach age 59-1/2 or in certain
cases much earlier than 59-1/2. Rule of thumb, you
always need to make sure that your IRA is the one that
benefits from a transaction rather than you personally.
A “self dealing” transaction will cause serious
problems, taxes and penalties so tread carefully and
lightly.
7. Are there any Prohibited Investments?
Yes. Except for the investments specifically not
allowed by the Internal Revenue Code all other programs
are permitted under a Retirement program. Here is
a list of investment types that are not allowed:
·
Coins ( except US Gold Bullion Coins under special
regulations)
·
Artwork
·
Rugs
·
Antiques
·
Metals
·
Gems
·
Stamps
·
Beverages
·
Stock in a S-Corporation
·
Other tangible personal property
8. Is there any way I will know if the Self-Directed IRA
is right for me?
Well,
if
you tired of receiving low returns on CD's at the bank
or in stocks, bonds and mutual funds that don't perform,
then a Self-Directed IRA may be right for you. If you
are you ready to learn how the exciting interbank
curency market can deliver superior returns, then a
Self-Directed IRA may be right for you. If
you are ready for better returns than you’ve been
getting, then a Self-Directed IRA may be right for you.
If you ready to see your retirement increase to the
point where you can really retire, then a Self-Directed
IRA may be right for you.? If you are you ready to be in
control, then a Self-Directed IRA may be right for you.
If the answer to any of the above was yes, then you are
ready for the Self-Directed IRA and the Managed Forex
Trading Account.
9. Is
there anyway to get Tax Free Distributions instead of
the tax deferred account.
Yes, most
definitely. In fact this paragraph may very well
be the best part of our website because it is where we
get to inform you that if you set up a Roth IRA or the
new Roth (401K) there will be NO TAXES on the Roth
Distributions of those IRA's. Imagine building
your retirement account TOTALLY TAX FREE while it is
growing and then TOTALLY TAX FREE when you take it out!
Only the Managed Forex Trading Account, which employs
compounding leverage takes full advantage of this
situation for you.
To understand
this for yourself just start doubling any number and see
how long it takes to get to a staggering number.
Most definitely take another look if you are in your
late 40's or 50's or even 60's. Now you have a
chance to have the retirement you have dreamed about and
it will happen much sooner with your Managed Forex
Trading Account than anything else.
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