How to set up an IRA LLC to hold your physical bullion at home or anywhere?
I have parked my IRA in a bank for two years . I have just found that I can form an IRA LLC and roll the cash over, then buy phycical bullion with it. Am I corrct?
Did any one do it here? How do I proceed ? Thank you very much.
Start here for a concise explanation of the mechanics of an IRA:LLC and the IRS regulations that allow it:
Search the forum for "IRA:LLC" . There are many prior posts on this topic.
For those choosing to take possession of bullion, please note that some attorneys/ accountants are now recommending that an affidavit be drafted that states no disqualified transactions will take place. Details are available at the site listed above in the FAQ section of "Checkbook IRA's"