Frequently Asked Questions
How does a Home Storage Gold IRA Work?
Gold buyers looking for home storage will establish a self-directed IRA with checkbook control. Fortress Gold Group will walk you through the easy steps to get started so you can simply:
- 1. Set up an LLC
- 2. Fund Your Account
- 3. Purchase Metals
Fortress also provides a unique full service partner for any additional support or maintenance needs associated with your Home Storage IRA after it is complete.
Do I need a custodian with my Home Storage
Yes. The Home Storage Gold IRA is required to have a custodian by IRS regulations. This custodian will hold the LLC ownership in tax-deferred status. You will have complete control of the money and precious metals.
Do my retirement funds stay tax deferred with
my Home Storage Gold IRA?
Yes. The Home Storage Gold IRA has the same tax deferred benefits and early withdrawal penalties as a traditional IRA. Please also consult with your
accountant or tax attorney to confirm current regulations and how they affect your specific circumstances.
Can I Hold or Store Precious Metals owned by my
IRA in a Safety Deposit Box?
Yes. Per the IRS code on precious metals held by a retirement account, with the Home Storage IRA you need procured and documented secure storage for your metals under the LLC name. This fulfills the US Trustee requirement for IRA metals storage. Please also consult with your accountant or tax attorney to confirm current regulations and how they affect your specific circumstances.
What kind of account can I turn into a Home
Storage Gold IRA?
All retirement accounts are eligible for the Home Storage IRA Solution. Accounts eligible include Traditional IRA, ROTH IRA, SEP, SIMPLE, 401k, 403b, 457, TSP, and annuities. Contact a Home Storage IRA Specialist from Fortress today to learn more about the specific process for your account. 800.777.6177 ext 7005
What kind of precious metals are allowed with a
Home Storage Gold IRA?
Under Internal Revenue Code Section 408(m) there is an exemption for bullion and coins allowed to be purchased by a retirement account.
Contact a Home Storage IRA Specialist from Fortress today to learn more about the specific products eligible for your account. 800.777.6177 ext 7005
Is the account type and process allowed by the IRS?
Self-directed IRAs with Checkbook control have been in use since the early 1990's. With this tool you can still achieve all the same advantages of a traditional retirement plan. You are advised to consult with your accountant or tax attorney to confirm current regulations and how they affect your specific circumstances.
What are the costs associated?
The Home Storage Gold IRA offered from Fortress Gold Group has a 1 time set-up fee of $599. This includes LLC creation, Operating
Agreement, State Filing Fees, 1st Year Registered Agent Fees, EIN Filing, On-going account support.
Annually the costs include a $49 Registered Agent Fee and $100