Letter Re: Self Directed IRA
The topic of self directed IRAs has been one of great popularity on SurvivalBlog– especially the LLC IRA, whereby the individual can take home delivery of precious metals owned by the IRA and/or invest in almost anything he wants without approval or oversight. We offer this piece to provide clarification on the taxable nature of distributions as expressed in this recent letter. It often makes sense for an individual to setup an LLC IRA to take his assets off grid, rather than take an often 50% tax hit on the entire account. However, when retirement age is reached, how does …