How do withdrawals from the QRP work?
Similar rules to all 401Ks & IRAs. At 59 1/2, you can begin taking distributions. The QRP is meant to be a retirement vehicle. The assets in your QRP are meant to be used down the road, so you’ve got your two pieces of your business – the money you’re making to live on potentially and then the money you’re making to create more at bay money that keeps growing and that’s what’s this vehicle is for. It’s the most powerful vehicle that exists in the United States.
What is a self-directed 401(k) such as The QRP?
A self-directed 401(k) has the same rules governing it as the more common company 401(k) many people have contributed to.
It’s unique because of the infinite investment options. Most custodians and administrators only allow certain approved stocks, bonds, mutual funds and CDs.
A truly self-directed 401(k) like the QRP allows those types of investments PLUS:
- Gold Bullion coins and bars must be .9999 fine or US Eagles
- Silver Bullion coins and bars must be .999 fine
- Cryptocurrencies like Bitcoin
- U.S. Treasury Gold and Silver Coins
- Small business start ups
- Tax Lien Certificates
- Trust Deeds
- Mortgage Notes
- Single and Multi Family Residential Property
- Mutual Funds
- Apartment Buildings
- Commercial Property
- Joint Ventures
- Improved or Unimproved Land
- Contracts of Sale
- Like and Unlike Exchanges
- Life Insurance
Are QRP's for everyone?
QRP's are not for everyone. They are only for people who want to take total responsibility for their financial outcomes, and would rather keep the fees that Wall Street takes year after year.