To Adam Montana: I am a VIP member. I would appreciate a quick answer. I sent you an earlier e-mail, but you said if I am a VIP, post to the Forum. I hope I am doing it ok.
My age is 81, married, wife has alzheimers and I'm retired. I do not have any retirement plans. My worth is in real estate.
In Nov 2010 I purchased $1,000,000 IQD from GID Associates for $1,020. USD. In Jan 2011 I purchased $2,000,000 IQD for $2,200. USD from TD Asset Trust. I hold these Dinars physically. I'm holding for the RV when I can exchange at the maximum profit over cost.
Question?
What do you think of me setting up a Roth IRA and funding it with the $3,020. USD cost? Just how do I do that? I would like not to hold the physical Dinars instead hold a ceretificate of evidence so that when the exchange comes it would be easier to expedite the exchange and the gain would be inside the Roth IRA. Any gains inside the Roth IRA would not be taxable. However, any withdrawals under 5 years may be subject to penalty. Can you give me some direction as to who would be reliable to handle this type transaction? I would appreciate your comments ASAP. Dallas W. Meador E-mail dwm@ffni.com.
