TARZANA, Calif., Nov. 7, 2014 (GLOBE NEWSWIRE) -- via PRWEB - With a Checkbook IRA, consumers open a special purpose LLC and become the manager of their own gold; allowing them to store it wherever they'd like. That's why some people call this form of Gold IRA a "Home Storage IRA".
A Checkbook IRA offers retirement account holders numerous advantages over a standard self directed IRA, including, but not limited to:
•The account holders gold can be transferred directly to themselves; rather than having to keep their gold in a depository.
•When the LLC sells its physical gold and other investments, the gains are still deferred through the IRA. This gives the account holders added protection while keeping their retirement investments similar to what they know.
•Unlike a Gold IRA, the Checkbook IRA gives the account holder physical possession of their gold and other precious metals. This gives them control over exactly how their retirement investments are managed. As a result, many pains associated with traditional IRAs like custodial involvement are eliminated; even if they choose to invest a portion of their IRA in other types of investments.
•As the sole manager of the IRA, the account holder takes the work off of the custodian's hands. As a result, they're able to reduce their fees paid to the custodian.
•As the manager of the LLC, the account holders have complete control over where and how they'd like their gold and other precious metals to be stored.
Because gold acts as a great hedge, it's no surprise that so many people are turning to this form of investment for their retirement. With the ability to take physical possession of their gold through Checkbook IRA, consumers will feel comfortable knowing exactly where their retirement investments are.
Goldco Precious Metals has helped countless people through the process of converting their IRA's, 401(k)'s, and other qualifying investment accounts to gold. Because of the exceptional service they provide, Goldco Precious Metals was recently named the Top Gold IRA Company from retirement account holders.
Known for putting the client's needs first; Goldco Precious Metals offers a better way to make retirement investments grow. Instead of simply taking your order, Goldco employees listen to their clients and address their needs individually.
To learn more about starting a Checkbook IRA, or a Precious Metals IRA, contact Goldco Precious Metals.
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/11/prweb12306836.htm