Industry News & Articles
Provident Trust Group Named 2020 Best IRA Custodian
PROVIDENT TRUST GROUP NAMED 2020 BEST IRA CUSTODIAN Provident Remains Top-Ranked Custodian in Wealth Advisor Reader Survey for Fifth Consecutive Year LAS VEGAS, NV – November 10, 2020 – Provident Trust Group (Provident Trust), a self-directed IRA administrator...
Social Security Solvency by the Numbers
There is a classic model used to describe the financial support that Americans rely on for their retirement security. It is the three-legged stool. The legs of this stool have traditionally been these: formal retirement savings in IRAs and employer-sponsored...
Choosing a Depository is just as Important as Finding a Precious Metals Dealer
When investing in precious metals with an IRA, it is important to note the IRS does not allow you to manage those precious metals yourself (IRC Sec. 4975(c)(1)). Doing so could trigger a prohibited transaction and may incur hefty penalties. As such, account owners...
Self-Directed Investing in an Unsecured Note (with Qualified Funds)
Sometimes called a Promissory Note or a Straight Note, an Unsecured Note is only guaranteed by the borrower’s promise to pay. The borrower signs a note, which may be as simple as a hand written agreement. Provident Trust Group requires the borrower’s signature to be...
Self-Directed Investing in a Limited Liability Company or Limited Partnership (with Qualified Funds)
Investing in a Limited Liability Company (LLC) or Limited Partnership (LP) has become a popular instrument and involves ownership interest in companies that are not publicly traded on a stock exchange. Investors in LLCs are called members while investors in LPs are...
Self-Directed Investing in a Secured Note or Mortgage (with Qualified Funds)
A Secured Note or Mortgage is a promissory note that is guaranteed by an interest in an asset that is worth as much or more than the amount of the loan. In most cases, if the borrower defaults on the loan, the qualified account will become the owner of the asset...
Self-Directed Investing in a Single Member LLC (with Qualified Funds)
A Single Member LLC, also known as an IRA-LLC, is a type of alternative investment where a private entity is wholly or majority owned by an IRA. After the LLC has been created, qualified funds from your retirement account are moved or invested into the newly created...
The Gold IRA: Buying Precious Metals (with Qualified Funds)
Precious metals include certain gold, silver, platinum, and palladium coins and bullion. Precious Metals purchased in a qualified account must adhere to applicable fineness and/or bullion standards as described in the Taxpayer Relief Act of 1997 and cannot be...