Comments on: Your IRA: What to do right now

By: Vincent Scott

Vincent Scott — Wed, 14 Oct 2009 05:39:27 +0000

Talked to Jordan and all is good. The normal price is $3000 and we get a $500 discount.
Vince

By: Vincent Scott

Vincent Scott — Tue, 13 Oct 2009 17:50:48 +0000

Simon,
I emailed the folks at checkbook IRA and mentioned Sovereign Man and asked about a discount but they did not respond except to quote a $2500 price. Is this the discounted price? I will probable use their service at $2500 anyway since I can save a lot of tax money because I invest in the commodities markets now and can’t do it in my current IRA. But less expensive by way of a discount is always better!!!
Thanks for all your emails. Great info that is useful, helpful and important.
Vince Scott

By: Robert

Robert — Wed, 07 Oct 2009 17:54:36 +0000

I don’t know if it due to good fortunate or the fact that I moved around quite bit when employed with larger companies. Regardless, I started and kept moving my 401-k savings into a roll over IRA with a major brokerage house that continues to offer trading of securities, bonds and commodities including gold and silver, etc. which I have taken full advantage of. In my experience most professionals not involved in the financial industry either don’t have the time or interest in studying outside of their area of expertise. Hopefully that will change as financial survival is very much in a our own hands and not that of employers. There are many great services available online for fees of course that can help in understanding trends and alternative investments. Thanks for delving into this topic.

Robert

By: Stuart

Stuart — Sat, 26 Sep 2009 04:25:08 +0000

please provide contact info

By: charles phelps

charles phelps — Fri, 25 Sep 2009 23:08:03 +0000

How to hold gold offshore without gov. intervention.

By: Ace Capital Group

Ace Capital Group — Wed, 09 Sep 2009 10:47:05 +0000

great stuff, it helped out a lot!!

By: Marlon

Marlon — Wed, 09 Sep 2009 00:45:12 +0000

Investing through an IRA can be a powerful tool. Our company has sold investors the best safe haven asset currently available, which was purchased by them using self directed IRAs. We provide a guaranteed, default proof receivable (cash flows), which return about 8% annually to the investor. We would like to offer our product to similarly situated individuals in the Asian market, although our primary goal right now is to establish a credit line with an institutional investor.

By: Rick G

Rick G — Sun, 06 Sep 2009 19:55:54 +0000

Has anyone considered liquidating their Trad IRA prior to age 59.5 years? What are the penalties? I also assume the government will want to tap the savers and give it to the non producers. I am in my mid 50’s and am considering cashing in my IRAs as I imagine the marginal tax rate will be quite high by the time I can withdraw from the IRAs. Any ideas?

By: Andrew

Andrew — Thu, 03 Sep 2009 02:38:49 +0000

Thank you, Arlean, for your reply. Actually, I’ve logged a good many miles, having retired in 98 from an engineering career and then teaching English at a local high school for more than 9 nine years. Regarding Traditional IRA’s, I do not understand what advantage one would gain by placing under their shelter such assets as bullion or real estate, which yield no dividends or interest and incur no capital gains taxes until they are sold. In fact, depending on one’s marginal income tax bracket, the Traditional IRA may actually be disadvantageous, inasmuch as distributions are taxed as ordinary income, rather than as capital gains. Correct me if I err. Furthermore, IRA’s afford absolutely no privacy. Finally, on a more esoteric level, I find it increasingly repugnant to continue participating in a rigged game, accepting illusory favors, or otherwise lending sanction to, and interacting with, the dragon any more than I absolutely must. Regards.

By: Steve Ko

Steve Ko — Tue, 01 Sep 2009 21:55:35 +0000

I called them– very knowledgeable guys… thanks Simon for pointing out this low hanging fruit and giving us a great solution.

By: Arlean

Arlean — Tue, 01 Sep 2009 17:37:10 +0000

Andrew, I didn’t mention in my previous post that I too liquidated over several years for the same reason. I did not know at the time that I could invest my IRA in so many ways. However, I am probably MUCH older than you. But I think many people have these same concerns.

By: Raja Hafify Zaed

Raja Hafify Zaed — Tue, 01 Sep 2009 02:27:49 +0000

It is great to learn plenty of stuff here. About business, about lifestyle. Simon, keep up the good work.

By: Andrew

Andrew — Tue, 01 Sep 2009 01:23:45 +0000

Simon, over the last year I have been steadily liquidating our IRAs because it appears our government has no relunctance to change the rules, ignore its own laws, or otherwise do whatever it wants when it grows desperate to seize value from whomever is subject to its machinations – mostly middle-class taxpayers and their progeny. I fear that sooner or later, with little or no warning, Congress or the Executive will do so with regard to the as-yet-untapped pool of 401Ks, 403Bs, and Roth and Traditional IRAs. Do you believe such fear is unfounded? Thank you for your articles.

By: Arlean

Arlean — Mon, 31 Aug 2009 18:16:52 +0000

Simon, you are providing exceptionally good information and have from the start. This is what has made you stand out for me–quality. You are providing information that is hard to come by and I should know. I’ve been learning some of this the hard way for the past four years! Many thanks. Arlean

By: Maureen Murphy

Maureen Murphy — Mon, 31 Aug 2009 17:58:57 +0000

I like Sovereign Man even better! On your recommendation, I just purchased A Lodging of Wayfaring Men for my Kindle.