Tax-Free Profits With A Self-Directed IRA
It’s no secret that many Americans have seen a drastic reduction in the value of their retirement accounts in recent years. Typically comprised of stocks, bonds and other familiar forms of investment, losses in retirement accounts have been staggering. If you are fortunate enough to have $100,000 or more left in your current retirement accounts, there has never been a better time to reassess your personal diversification strategy.
Most investors don’t know the opportunity exists to participate in the fast growing Forex Market via an IRA because most IRA custodians do not offer truly self-directed IRAs that allow Americans to invest in foreign currency. Often, when you ask a custodian/trustee, “Can I invest in foreign currency with my retirement monies?” they will likely say, “I’ve never heard of that” or “No, you can’t do that.” What they really mean is that you can’t do this at their company because they only offer stocks, mutual funds, bonds or CD products.
Cambridge Currency Advisors makes it convenient for investors to roll over a portion of their current IRA, 401K, 403B or SEP plans into a self directed Traditional or Roth IRA and trade these funds in our professionally managed foreign currency account. These self-directed retirement funds are held on behalf of the investor in their personal account at Millennium Trust. The investor directs Millennium Trust to wire funds directly to IKON Global Markets, Cambridge Currency Advisors’ Futures Commission Merchant (FCM), and provides Cambridge Currency Advisors limited Power of Attorney to trade the wired funds on behalf of the investor. Any profits generated as a result of trading retain their tax deferred status. As with our regular accounts, investors receive on-line, password protected access to view the activity in their account 24 hours a day. You can add funds at your discretion or withdraw money from the trading account with instructions to wire the funds back to your IRA account at Millennium Trust.
Diversity is the key to sound investing and investors like you may wish to include a Cambridge Currency Advisors’ managed account as an integral part of your diversification strategy. The process is simple and we provide all the assistance you need to set up the proper accounts and move your funds. Placing a comfortable percentage of one’s retirement funds in a Cambridge Currency Advisors’ managed account is perhaps the easiest options for investors wishing to participate in the Forex Market. Best of all, you don’t have to write a check…you simply reallocate a portion of the funds you have already committed. For more information, contact a Cambridge Currency Advisors’ representative.
About Millennium Trust Company
Millennium Trust Company provides our clients the opportunity to invest a variety of tax deferred retirement funds in Cambridge Currency Advisor’s professionally managed foreign currency account. Millennium Trust has the expertise and experience working with firms such as CCA and IKON Global Markets which offer these types of investments.
Millennium Trust Company provides the administrative, custodial and reporting services required for our client's IRA account. Investment accounts include personal trusts, Traditional, Roth and SEP IRAs, self-directed individual 401(k) plans, health savings accounts, qualified retirement programs and custodial accounts.
** A minimum deposit amount required to participate is $10,000. Therefore, we suggest you have current retirement funds of $100,000 or more. Why? Because in our opinion you should limit the percentage you allocate to between 10% - 20% of your total retirement funds.