Now may be the best time in history to invest in self-directed, non-government-backed assets. Most of the assets we as investors may own are controlled by the US government. There are seven main types of monetary assets: cash, bonds, certificates of deposit, money market accounts, mutual funds, stocks, and treasury bills.
The good news about these assets is that we may have the ability to earn interest or dividends (although we’ll pay taxes on the gains). We may also be able to invest in a number of tax-free investment plans: health savings accounts (HSAs), municipal bonds, indexed universal life (IUL) insurance, Roth IRAs and Roth 401(k)s, tax-exempt exchange-traded funds (ETFs), tax-exempt mutual funds, thrift-savings plans (TSPs) and 529 college savings plans.
So you see, the government offers some attractive investment options that make them difficult to say no to. The problem is, we don’t have a lot of personal control. We are beholding to the day-to-day market as well as the government for the outcomes of these assets. Even so, it may be possible to securely safeguard some of your assets.
Securing Your Assets
There are some common actions you may be able to take to secure your business assets, according to attorneys Rebeck & Allen, Attorneys at Law. First, if you establish your business structure as a limited liability company (LLC), you rely on state-based regulations. If you set up your business as a corporation, you may have some other advantages such as easier access to capital, limited personal liability, simple transfer of ownership, and a few tax benefits. Not only that, the IRS has to work harder to obtain information under these statuses. Second, you may be able to set up your business in a legal trust so as to shift ownership on your own terms. For more ideas on securing your assets, take a look at this Business Insider article.
Keep in mind that the IRS cannot seize assets of this nature: real property, automobiles (if you use them for work), and the money you require for living expenses. In this geopolitical period in which individuals and investors feel they are losing freedoms, many are seeking alternative self-directed types of assets.
Self-Directed Assets
While most traditional assets are government backed, there are some self-directed assets in which the government is somewhat limited: crypto, IRAs, private placement securities, precious metals, real estate, and some other commodities. While these self-directed assets may come with a higher risk factor, your ability to hold non-government-controlled assets during such a time of unrest is freeing.
A purchase of a self-directed IRA, a precious metals IRA, gold or silver gives you assets with minimal government intervention. While it’s true the government owns plenty of gold through the US Treasury, there is no branch of government that has control over your personally-owned gold and silver. The United States still holds the largest stockpile of worldwide gold reserves by a large margin (followed by Germany, Italy, France, and Russia).
The government influences but does not control the gold and silver markets. Gold and silver do not carry high-risk credit, and they are often considered tangible metals used as a hedge against inflation. Gold is called the most critical reserve asset in the world (along with government bonds). The IRS does not require purchasers of precious metals to report a purchase, but when gold is sold, they require sellers to disclose the sale profits for tax purposes.
Buy Safe Assets That You Can Control
The one asset the government does NOT have control over is precious metals. There are a number of reasons to secure precious metals in the form of gold, silver, or IRAs right now:
- A reliable means of exchange
- Valuable to the economy in the case of a collapse of our currency system
- Silver is critical for applications in the industrial market
- Gold and silver are used to make fine jewelry
- Precious metals are a store of value and offer a unique investment mix
- Precious metals are getting harder to find, process and supply as more countries stockpile
Keep in mind there are some states in the US that may not tax your gold purchase: Alaska, Delaware, Montana, New Hampshire, and Oregon. These states should not impose online sales tax.
Now is the time to invest in self-directed, non-government assets – while you still have the freedom to do so. Contact Reagan Gold Group (RGGUSA) and discuss your options for buying precious metals or an individual retirement account (IRA) to plan for your future or your retirement. It is an important step for the safekeeping of your assets during this up-side-down time in our nation. Call today.
