QRPUnder the ERISA law passed by Congress and signed into law by President Gerald Ford on September 2, 1974 you are allowed to have control of your retirement funds and not be limited to what some broker or insurance company says you can invest in. The Law and the IRS allow Qualified Retirement Plans to invest in much more than the Wall Street crowd would have you think. Further, you DO NOT have to have one of the financial firms be your trustee and administrator—you are allowed to fill those roles and make your own decisions, save thousands in fees the big firms charge and open up the entire spectrum of allowed investments.

You can set up your own Qualified Retirement Plan inexpensively and take complete control of your retirement funds in just about two weeks. We can put you in touch with the leaders in the field if you would like.

What is a Qualified Plan?

The technical definition for a qualified plan is one that satisfies the requirements of IRC Section 401(a). A Qualified Plan is known for the numerous tax advantages the plan allows. Contributions made into the plan are not taxed until you withdraw the money which allows an investor to save more money than in other types of retirement plans. A qualified plan is established by a business and is subject to the provisions of the Employee Retirement Income Security Act (ERISA). Some of the most common types of qualified retirement plans consist of Profit Sharing Plans, 401(k) plans, and Defined Benefit Plans.

Is my qualified retirement plan protected from creditors?

YES, a qualified retirement plan is protected from creditors under the employee Retirement Income Security Act (ERISA). ERISA requires qualified plans to include provisions that prohibit the assignment of plan assets to a creditor. Qualified plans are also protected from creditors during bankruptcy.

What other investment opportunities are available through a qualified retirement plan?

There are a variety of investment options found in qualified retirement plans that are not available in other retirement plans. The following are investments allowed:

  • Tax Lien Certificates
  • Tax Deed Property
  • Apartment Buildings, Co-Ops, and Condominiums
  • Commercial Property
  • Working Interests in Oil and Gas Wells
  • Gold Bullion
  • Improved or Unimproved Land (leveraged or un-leveraged)
  • Joint Ventures
  • Limited Liability Companies (LLC’s)
  • Single Family and Multi-Unit Homes
  • Trust Deeds and Mortgage Notes
  • Securities, Certificates of Deposits, Stocks, Bonds, Mutual Funds
  • U.S. Treasury Gold and Silver Coins
  • Leases
  • Like and Unlike Kind Exchanges
  • Commodities / Future Accounts
  • Contracts of Sale
  • Factoring contracts
  • Palladium

If you would like more information from our recommended QRP provider, Please fill the FORM Below!