I've been dragging my feet for a while out of ignorance, am eyeballing a few of the different places to roll my traditional IRA to, hopefully before the shit totally hits the fan.
Just looking for any recommendations, tips, etc.
Here are some that I am looking at:
this would support BRIGTEON: https://treasureislandcoins.com/iras
this one via gab ads: https://www.401k.gold
or goldwithseth.com which supports Man in America
When it’s comes to precious metal, the physical asset is the only thing that matters. I wouldn’t own digits on a computer that represent the metal. You would have nothing when it matters.
(see Ft Knox)
I've been looking into it myself considering what I'm going to do with the IRAs that I stopped contributing to in 2021 but the self-directed ones look like they will mire you in fees for every little thing instead plus yeah how can you trust the metal not actually being in your custody?
The situation is different for a Roth IRA where you already paid taxes, I was able to pull out my principal without penalty to fund PM purchases to keep in my own private safe. Unfortunately to do that with a Traditional you'll have to pay the back-taxes on the contributions on your next tax return.
Precious metal IRA are very good. Certain types of serial numbered bars qualify,but they have to be kept by an approved custodian. I also think silver and gold mining companies like First Majestic are a good investment try to buy some actual silver,like pre 1964 junk silver,good investment and good for prepping. It's avalible from major dealers like SD bullion and JM bullion.
You gotta know when to hold them...
The only way to get true control over retirement account assets is to have a 401k that has an independent custodian, which allows any investment that is not strictly prohibited.
The way to do this is:
(1) Set up your own small business. Does not matter what type of business. Just make sure it has a few hundred dollars in revenue.
(2) Your new company (which you own) sets up a 401k plan, for you as the sole employee.
(3) You then roll over your IRA (and any other 401k) to your new 401k.
(4) The new 401k with independent custodian can invest in anything that is not specifically prohibited (can invest in stocks, gold, cryptos, real estate and can even use mortgage financing that IRA's cannot do without paying a tax penalty).
(5) Ideally, have the 401k own a single-member LLC, and use the LLC for investing. That way, you don't have to involve the 401k custodian every time you want to do something with the investments.
These guys have a great website for info, and can set things up (for a reasonable fee):
https://www.solo401k.com/
Article on the IRA-to-401k rollover:
https://www.nerdwallet.com/article/investing/rollover-ira-to-401k
How to buy precious metals the smart way (by one of the smartest men on the planet):
https://www.youtube.com/watch?v=K5qrKVASvEw