The Ultimate Gold 401(k) with Checkbook Control gives you the tools you need to maximize the safety and growth of your retirement funds with physical gold.
- Take physical possession of gold, silver, and platinum American Eagles.
- Purchase the coins from the dealer of your choosing.
- Invest by simply writing a check. Say goodbye to annoying forms, custodial delays, and transaction fees.
- Rollover your existing retirement funds into your Ultimate Solo 401k, without incurring any early distribution penalties or taxes.
Who is eligible for the Ultimate Gold 401(k)?
Broad’s Gold 401(k) is an application of a self-directed Solo 401(k) with Checkbook Control. This is a 401(k) retirement plan that is specialized for self-employed individuals. In order to qualify as self-employed, you must file a 1099 and not have any full time employees.
That being said, you can still qualify for a Solo 401(k) even if you retain a non-self employed position. As long as some of your income gets filed as a 1099, that will qualify you to open a Gold 401(k). If you have no self employment income, but you would still like to put your retirement funds in gold, you can do so by opening a Broad Financial Gold IRA. Speak with a Broad specialist to find out which platform works best for you.
How does a Gold 401(k) work?
When you sign up for a Gold 401(k), Broad will send you an IRS Qualified Retirement Plan with a customized Trust. You are appointed as the sole Trustee and thus are enabled to make all investment decisions. You can now go to the bank of your choosing and open a checking account in the name of the Trust. This checking account will allow you to invest in virtually any asset, including gold, just by writing a check.
Can a Gold 401(k) buy any gold? Is it limited to specific dealers?
Broad’s Gold 401(k) contains the feature of Checkbook Control which allows you to buy gold from the dealer of your choosing. In terms of specific gold products, it depends on whether you’re interested in coins or bullion. If you would like to purchase coins, acceptable choices include American Eagles, Canadian Maple Leafs, and Australian Nuggets. Speak with one of our specialists to get a complete list. If you’re interested in bullion, then the bullion must be fabricated by a COMEX or NYMEX approved refiner and possess a minimum level of fineness of .9950.
Can I hold the gold from my Gold 401(k) personally?
American Eagles may be held personally. Bullion and other kinds of coins must be held by a third-party custodian or trust company.
With Broad’s Gold 401(k), you can finally give your retirement the security of physical gold.