In my quest to provide the best information for readers of “BulletProof Shares” – How To Protect Your Stocks From Broker Bankruptcy & Theft, I ended up connecting with Paul Cook, Senior Consultant with Guidant Financial. The mission was simple—How can we find a way for U.S. IRA account holders to take full, 100% control of their retirement funds, and invest them in stocks using direct registration and or paper share certification?

In my conversations with Paul, I discovered that U.S. IRA account holders have the ability to create an IRA LLC which operates much like a business. This IRA LCC can then invest in nearly anything—from start-up companies preparing to go public, to oil wells, farmland, agricultural equipment for leasing, and much more. Now although it has yet to be fully tested and confirmed, is appears as if an IRA LLC can create an account with a broker dealer as an “LLC,” and then transfer shares electronically over to the transfer agent to be held in the name of the LLC account as recorded by the broker dealer. This is a potential method of protecting an IRA’s stock investments from a broker bankruptcy or theft.

One of the things Paul mentioned to me during the interview, is that the instability in the financial markets is repelling money away from traditional markets and vehicles such as mutual funds and money market accounts, and toward alternative assets and investing strategies—many of which include IRA LLC’s. One of the elements which I found to be particularity interesting, is that many investors are seeking ways to get their assets of “out of the system,” and IRA LLC’s seems to offer that flexibility.

To listen to the interview, left click the following link and/or right click and “save target as” or “save link as” to your desktop:

Interview with Paul Cook

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To get in touch with Paul Cook at Guidant Financial, dial 888.472.4455 x3222. or email: paul.cook@guidantfinancial.com

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Thanks,
Tekoa


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Comments

3 Comments so far

  1. test2 on January 26, 2012 10:43 pm

    Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog? My website is in the exact same area of interest as yours and my users would really benefit from some of the information you provide here. Please let me know if this okay with you. Thanks!

  2. Tekoa Da Silva on January 27, 2012 5:24 am

    go right ahead, and thank you for asking. t.

  3. Doug Caswell on March 12, 2012 12:33 am

    I’m wondering how or better if I’m able to switch my existing IRA to an LLC given that it’s’ currently locked into a CD. I tried to get out of it earlier and was told that I’d be paying a 10% early withdrawal fee (I’m not 59 1/2 yet) plus IRS fees on top of that. Bend me over in the clover, are either of these institutions really interested in helping people or is it all simply about their take?! Silly question I know…

    Thanks,

    Doug

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