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Frequently Asked Questions

  • Q:

    Why haven’t I heard of this before?

    A:

    This isn’t something most people know about because it is not advertised. The multi-trillion dollar retirement industry makes fees and commissions every time the assets of a traditional IRA make money or move, ie are bought and sold. This is a completely legal way to invest and manage your retirement outside of the commercial banking system.

  • Q:

    What is the LLC IRA and how does it differ from a “Self-Directed IRA” through my current custodian?

    A:

    The LLC IRA is no different than any other IRA, except that you personally make all of the investment decisions for your retirement account. Many custodians claim they allow you to self direct your investments in a so-called “Self-Directed IRA,” but often heavily restrict what you can invest in and require extensive annual reviews. The LLC IRA by Perpetual Assets puts you in the driver’s seat, where you make investment decisions without restrictions, except certain prohibited transactions that are clearly laid out in the tax code Title 26 USC 408.

  • Q:

    How does it work?

    A:

    A LLC IRA is the name for a process where a Self-Directed IRA invests in a newly formed, customized LLC entity. In most cases, the LLC is 100% wholly owned by the Self-Directed IRA and the IRA owner acts as the manager of the LLC. As manager, one is able to direct the investment authorization of the assets of the LLC IRA, including the storage of American Gold, Silver, or Platinum Eagle Coins.

  • Q:

    What are the benefits?

    A:

    The Perpetual Assets LLC IRA gives you checkbook control of the cash in your account. This allows you to maintain liquidity and make timely investments into assets like real estate, tax liens, foreclosures, and other typically time intensive projects. For many of our clients the most attractive benefit is the ability to physically hold and store certain precious metals in their possession. The very low Custodial fees are another big benefit. Our Custodian has an annual fee of less than $150 regardless of account size, and there are no transaction fees when buying and selling via your LLC IRA. Trust Yourself- eliminate counterparty risk when you direct the investments and control them yourself.

  • Q:

    Are other types of retirement accounts eligible for this program?

    A:

    Yes, all the below plans can be moved into self-directed accounts:

    -Traditional IRAs -Qualified Annuities
    -Roth IRAs -Money Purchase Plans
    -403(b)s -Keoghs
    -401(k)s -Profit Sharing Plans
    -SEP IRAs -Govt Eligible Deferred Compensation Plans
  • Q:

    Why Perpetual Assets?

    A:

    We have spent countless hours of research, investigation, consultation with attorneys, and execution of the LLC IRA. The formation process is a very delicate one. The investment by the IRA into the LLC must also follow a very specific process. If the LLC is not properly structured, documents not properly executed, or anything in the process is done out of order, it could create a prohibited transaction and potentially open you up to an IRS audit.

  • Q:

    How much does it cost, fess included?

    A:

    Perpetual Assets total solution fee is $1995, which can be expensed to the LLC IRA. Custodian fees are a flat annual rate of $150 or less, regardless of the amount of assets under management (size of account), the frequency or dollar amount of transactions.

  • Q:

    What other investments are legally allowable inside my LLC IRA?

    A:

    The investment option flexibility is substantial. Many of our clients use their LLC IRA to invest in precious metals, real estate, commercial properties, private placements, joint ventures, personal “hard money” loans, mortgages, oil and gas leases, offshore investments, FOREX, stocks, bonds, and the list goes on. The IRS code is more specific on what is excluded as a tax-favorable investment, rather than what is allowed, specifically life insurance contracts and collectibles.

  • Q:

    If I buy an income producing rental property, where does the rental income go?

    A:

    Any income from a LLC IRA qualified investment, like investment rental property, credits back to the Self-Managed LLC IRA bank account. The investment income retains its tax deferred or tax free status, depending on the type of IRA account.
    Click the link below for direct access to IRS publication 590-
    http://www.irs.gov/publications/p590/