Home Storage IRA LLC
How much are the set up fees?Kingdom Trust, your new custodian a $25 fee for the account set up, and $400 to set up your LLC, *prices can vary state to state.
Can I contribute funds to my IRA LLC?Yes, annual contributions are allowed based on the IRA contribution limits with the IRS.
Are there any annual fees?Yes, annually you will be required to pay $100 to Kingdom Trust and $30 for your registered Agent for your LLC. These items are required to keep your Home Storage IRA compliant.
What metals can I hold in my IRA LLC?The precious metal must meet the minimum fineness (purity) standards below, with one exception: • Gold: .995 • Silver: .999 • Platinum: .9995 • Palladium: .9995
How will I take distributions?Distributions must be tracked and reported by the IRA custodian. Kingdom Trust your new custodian will handle all of the paper work and reporting for your IRA LLC
Do I Need a custodian for my IRA LLC?Yes all retirement accounts must have a custodian to be compliant with retirement accounts laws with the IRS
HOME STORAGE IRA FAQ'S
HOME STORAGE IRA FAQ's
Please watch our short video on how to start your Home Storage IRA Application. We have made the process easy for you, in fact you are just a few clicks away from creating your very own Gold and Silver backed IRA.
How Much Control Do I Have Over My Home Storage Gold/Silver IRA?
You have 100% control. Not only are the Precious Metals stored in the safety of your own home… as the fund manager you have the ability to add or liquidate the precious metals at your convenience. All without contacting an outside party.
Do I Need A Custodian With My Home Storage Gold IRA?
Yes you do. IRS regulations demand your Home Storage Gold IRA have a custodian. The custodian will hold the LLC ownership in a tax deferred status (you pay taxes when the precious metals are sold but not before then).
To be clear…you physically own the gold and silver and hold 100% control over all transactions.
Are My Retirement Funds STILL Tax Deferred Like My Old IRA?
Absolutely! There is no change in the tax deferment status of your new Home Storage Gold IRA. The IRS applies the same rules to your Home Storage Gold IRA as they do with traditional IRAs. For specific tax questions you may want to consult with your CPA or tax attorney for more information.
Hey, Can I Hold My Home Storage Gold IRA Precious Metals In A Safety Deposit Box?
You most certainly can! All the IRS requires you to do is provide a simple document showing your precious metals are stored in a safe location under the LLC name you choose. This fulfills a provision in the U.S. Trustee required to own a Home Storage Gold IRA. As always, if you have more specific questions it’s a good idea to consult with your tax attorney or CPA.
What Kind Of Retirement Accounts Can Be Rolled Over Into A Home Storage Gold IRA?
Here’s just a sample of the types of retirement accounts you can roll over:
- Traditional IRAs
- ROTH IRAs
If you’re not exactly sure if your retirement account qualifies we can help you figure it out. Simply call us at (toll free #). One of our dedicated Home Storage Gold IRA Specialists can help you find out within a few minutes.
OK, So What Kinds Of Precious Metals Are Allowed In A Home Storage Gold IRA?
According to IRS code 408(m) exemptions are available for bullion and coins which can be acquired for your Home Storage Gold IRA. This might be one of the most exciting parts of owning a Home Storage Gold IRA. Not only do you take advantage of gold and silver’s value…you also own coins and bullion which are true pieces of art. Which you keep at your home for as long as you wish. Our customers see this is as the ultimate “win-win” scenario.
Does The IRS REALLY Allow This Type Of Account And Process?
The IRS has allowed investors to manage self-directed IRAs with checkbook control since the early 90’s. Again, the major benefits to the Home Storage Gold IRA is the access to precious metals plus having absolute control over your money. As mentioned earlier, it’s never a bad idea to consult with your attorney or CPA for more specific questions.
This All Sounds Great…But Come Clean How Much Does It Cost?
It’s true. The Home Storage Gold IRA isn’t free of charge, there is a one time setup fee of $ 435.00 which includes the creation of your very own LLC, operating agreement, state filing fees, 1st year agent filing fees, EIN filing, and year round account support. The annual cost is $135 which includes the Registered Agent Fee and $100 custodial fee. It all sounds like a lot of money, however, consider something for a moment. Open up your last IRA statement and find all the hidden fees associated with your program. We’re willing to bet the costs of maintaining your account far exceed what your new Home Storage Gold IRA will cost. And remember your current traditional IRA hands over control to some money manager you’ll probably never speak to, someone making decisions on your behalf without your specific input, someone who thinks of you as a number not a name. Now remember, the Home Storage Gold IRA gives you 100% control of your money and you have access to it round the clock. Wouldn’t you agree it’s better to pay less and have more control? If so, just click the button below and we can make the process of rolling over your hidden fees IRA into a Home Storage Gold IRA.
Can I combine multiple IRAs and roll them into one retirement account?
Absolutely, multiple IRAs or a combination of IRAs can easily be combined into one retirement account for your Home Storage IRA.
How will I take distributions?
All distributions must be tracked and reported by the IRA custodian, in this case Kingdom Trust. Kingdom Trust is required by law to track and record all distributions for retirement accounts with the IRS.
I already have an LLC, Can I use an existing LLC for my IRA?
No, The LLC must be a newly created LLC and specifically created for the IRA with the IRA owner as the manager. The owner cannot use an existing LLC that they already personally own.
Has the IRS ever publicly commented on whether IRA LLCs are acceptable?
The IRS has not stated that IRA-owned single-member LLCs are acceptable or not acceptable. They have made it clear to their examiners that those structures are ripe for abuse and do keep a close watch over them. Structured correctly, though, the IRA-owned LLC can be a viable investment vehicle for a Self-Directed IRA.
Although Capital Gold Group has consulted with tax counsel to assess the risks associated with storing certain coins and precious metals at home or in a safe deposit box and is relying on that advice, It is Important to recognize that the IRS has yet to offer clear guidance on the issue of Home or Safe deposit box storage of American Eagles and other precious metals, or the legality of storing precious metals outside of a depository as part of a LLC IRA. Capital Gold Group RECOMMENDS any customer keeping any precious metals as part of their LLC IRA, consult a tax adviser and legal counsel to abide and comply with Internal Revenue Code Section 408.
Here's Why a Home Storage IRA is Right For You
The absolute best investment to protect against financial and political chaos
Having 100% power and control over your money without forking over management fees eating away at your nest egg
24/7 Emergency access to your gold whenever you need it most
Never worry about “doing it alone” with our Lifetime Account Support answering all your questions
Get “Fort Knox” level security and delivery directly to your home!