How do withdrawals from the eQRP work?
Similar rules to all 401(k)s and IRAs. At 59 1/2, you can begin taking distributions. The eQRP is meant to be a retirement vehicle. The assets in your eQRP 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 eQRP?
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 eQRP 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
Single and Multi Family Residential Property
Improved or Unimproved Land
Contracts of Sale
Like and Unlike Exchanges
Are eQRPs for everyone?
eQRPs 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.