Dinar Exit Strategies: Self-Directed Roth 401(k)

[thmgroup]

A few savvy forum members have been referring to the utilizing the new Self-Directed Roth IRA/401(k) to enhance their investment return. This thread is dedicated to specific discussion regarding the pros and cons of incorporating this approach with respect to dinar revaluation. Here are a few articles I've found to get us started...

http://www.pensco.com/education/solo_roth_401k_and_solo_401k.asp

The Solo Roth 401(k) beats the Roth IRA five times over. Unlike the previous standard for phenomenal opportunity for retirement savings (the Roth IRA), the new Solo Roth 401(k) will allow an individual or married couple who own their own business, to sock away up to $98,000 per year for retirement. Of this amount, $40,000 can be composed of after-tax Roth elective contributions (provided the individual, and their spouse, if applicable) are both over 50. So now, for the first time in history, a retirement saver can put up to $20,000 annually into a retirement plan that can grow tax-free for their lifetime!

...With the Solo Roth 401(k), you can invest in two types of investments (“S” corporation stock and life insurance) that are restricted for Roth or traditional IRAs. Furthermore, unlike what you cannot do with your IRA, you can personally borrow up to $50,000 or 50% (whichever ever is less) from your Solo Roth 401(k).

http://www.guidantfinancial.com/products/default.aspx

The term "self-directed IRA" can be misleading when talking about retirement investing. Many investment firms would have you believe that having a self-directed IRA simply means you have the ability to choose which stocks, bonds and mutual funds you can purchase.

Fortunately, it means much more. Self-directed IRA investing can include investments in both traditional (stocks, bonds, etc.) and non-traditional (real estate, businesses, etc.) investments.



The links provided here are solely for the convenience and education of forum members. This forum does not necessarily endorse these particular companies or their recommendations. All readers are strongly encouraged to discuss their particular situation with a qualified professional (CPA/Tax Attorney/CFP).

[D-Man]

Where do you suggest we find an administrator to set up our Self Directed Roth that will allow us to invest either in our own, Single Member LLC or into the Dinar? We are being told that you can only invest into Publicly traded investments.

[wolcott]

Where do you suggest we find an administrator to set up our Self Directed Roth that will allow us to invest either in our own, Single Member LLC or into the Dinar? We are being told that you can only invest into Publicly traded investments.

The basic process is this:

1. Open a self-directed IRA account with a willing Custodian. 2. Fund or transfer your IRA assets to the new, self-directed IRA account. 3. Establish a LLC in the state of your choosing with yourself as Manager. 4. Apply for your LLC's employer's identification number (EIN). 5. Set up a brokerage account or bank account for your LLC. 6. When you are ready to invest instruct the Custodian to transfer IRA assets into the bank account or brokerage account of the LLC. 6. Start checkbook investing.

There seem to be two basic routes you can go by: the cheaper route or the expensive route.

The cheaper route involves you doing the leg work, paper work, document submittals to various agencies, paying fees, etc. You will be responsible for finding an IRA Custodian that handles self-directed accounts, establishing your IRA's LLC in the proper legal configuration, getting an EIN from the government, setting up business bank accounts, and anything else involved. You can buy relatively cheap ($200) do-it-yourself kits on the internet that provide you with the information, forms, and such that you need to get started. However, in my opinion, this way should only be undertaken by those with the necessary financial savvy.

The more expensive route is to sign up with a financial firm that specializes in setting up this type of structure and let them do all the work for you. I used the following company for mine: www.checkbookira.com (http://www.checkbookira.com) : the cost was ~$2500. There are other firms such as Pensco Trust that offer similar services but their fees are even higher. Once you have got everything set up properly, by whatever method, you are free to invest in just about anything (collectibles and insurance are prohibited), including Dinar, foreign stocks, real estate, businesses, etc. I have used my LLC to invest Roth IRA funds into a Warka bank account, the ISX stock market, and some other foreign currency CD's.

Hope that helps some, wolcott

[calstar]

Thanks wolcott i'll check it out.....;)

[D-Man]

Thanks for the info. I will check out you source. I have sent request to another company and they havent even replied to the inquiry. Any feelings on the RV.

[wolcott]

Thanks for the info. I will check out you source. I have sent request to another company and they havent even replied to the inquiry. Any feelings on the RV.


I am hesitant to speculate here on RV's because a) I really don't have a clue what will happen, b) It's not really the topic of this thread, and c) I don't want this thread to degenerate into the typical IIF food fight. But, since you asked, I will say this:
1) The CBI has already revalued the Dinar once. It was revalued this past winter/spring from about 1470:1 to about 1270:1, representing an over 13% increase in value versus the USD.
2) From information I've read on this forum (sorry I don't have links), the CBI target is supposedly 1000:1 by the end of this year which would be an additional revaluation of over 20% in value from the current level.
3) I believe the CBI can make that target considering the completion of the ICI and other positive economic developments. Anything beyond that is too speculative for my blood pressure.

wolcott