CryptocurrencyReal EstateAnnuitiesBondsCollege FundsCommodity FuturesIRALife InsuranceCryptocurrency Cryptocurrencies Yatlomh’s Mining is a cloud mining company and investment opportunity that wants to give people a way to utilize high quality crypto-currency mining with guaranteed profits. Understanding Crypto currency Crypto currency is not money. It is unable to repay the debt normally. Crypto currency is a financial innovation that can be used as real money on online social or digital only. Crypto currency is not under the control of banks and government or government agencies. Crypto currency can be used to purchase goods or services from the place where there are signs or labels that accept Crypto currency around the world. Yatlomh Passive Income is affiliated with Lifetime Technology (Thailand) Co., Ltd REGISTER NO. 0505560006411 THAILAND ISP CLASS 1 LICENSE NO. NTC/MM/INT/ISP/I/012/2558 Read More The business model involves the designing and service about Network security, Telecommunication Generally speaking, if you want to get some bitcoins or Ethereum through mining you will need to dedicate thousands or even tens of thousands of dollars in hardware and electricity in order to even stand a chance of making money. Additionally, it can take many months or even years until you recoup your initial investment and begin to make a profit. If you’re located in an area where electricity is expensive, then you stand even less of a chance of breaking even, or making a meager profit. Mining equipment like ASICs and graphics cards often sell at huge markups because they are so difficult to find due to the unbelievable demand. You may end up having to pay double, triple, or even more over the standard price. And that’s just to get your hands on the equipment to get started. To make things even worse, the hardware you invested in will likely be outclassed and obsolete in just a year or two depending on when you buy. Despite that, some alt-coins can be profitable to mine, take a look at some guides we have written: ZCash Mining Monero Mining Ethereum Mining DigiByte Mining Ethereum Classic Mining Litecoin Mining Stake Your Claim With Proof-of-Stake Proof-of-stake currencies rely on a totally different method of mining. Instead of energy and computationally intensive hashing, proof-of-stake mining is done through holding cryptocurrency coins in a staking wallet (usually the official wallet of the currency). Then all you need to do is let it sit there with your computer on and your wallet in staking mode. Proof-of-stake allows you to earn steady rewards in exchange for being a node on the network and supporting the currency economically by buying and holding it. Today there are a number of proof-of-stake cryptocurrencies that are quite popular and potentially profitable. Just to name a few, some of the popular options include but are not limited to: Diamond Factom GridCoin Lisk NAV Coin NEO Nxt OKCash PIVX Stratis What’s nice about proof-of-stake mining is that the cryptocurrency you need to buy in order to stake can be sold at any time. It does not depreciate due to staking, and you will not need to recoup your losses unless the currency you bought into drops massively. The downside is that depending on the cryptocurrency, you may need to purchase many thousands of dollars in equivalent to get enough in order to be able to stake regularly. Proof-of-stake mining is also competitive, and so the more units you own, the more likely you are to stake. For instance, in order to stand a reasonable chance to staking once a month in the PIVX network, one must own at least 500 PIV (about $3500 to $6000 at recent prices). Running Masternodes Masternodes operate in a way somewhat similar to proof-of-stake. You purchase and hold a set amount of cryptocurrency coins in a wallet, and you run your own server (like a VPS or even just your home computer in some cases) and your computer earns you regular rewards in exchange for supporting the network. Masternodes typically earn a higher rate of return than proof-of-stake mining. However, masternodes are often very expensive to get started. For example, a Dash masternode will require 1000 DASH to get started. At today’s prices, that’s close to $1 million. For other currencies like PIVX, the cost is closer to $100,000. It’s cheaper, but out of range for many. Once the node is running, however, it’s pretty normal to make several thousand or more dollars a month in earnings. According to this calculator, a Dash masternode should bring in around $4000 to $5000 per month. A PIVX masternode should net you around $300 to $500 per month, but has a much lower startup cost. A number of new cryptocurrencies have also started offering masternodes, perhaps in an attempt to attract more investors looking to earn a passive income. Some of these new projects include ChainCoin, the Crypto Improvement Fund, Insane Coin, 8-bit Coin, and dozens of others. Cryptocurrencies Which Pay Dividends Much like traditional stock investments, a number of cryptocurrency projects offer some form of a dividend. Usually, you hold a certain amount of the tokens in a compatible wallet, and then each designated dividend period, a deposit is made to your account that holds the coins. This can happen between every day, to every quarter. If you keep your coins on an exchange, the exchange will probably get the rewards instead of you. Therefore it’s important to make sure you use the right type of wallet. Some cryptocurrency exchanges are offering dividends to holders of their own tokens. The dividend typically represents a portion of the profit that the exchange earned during that time frame. In order to start earning Passive Income from Bitcoin or other cryptocurrency, you first need to buy the coin e.g., Bitcoin. Then you need to invest your purchased Bitcoin into investment projects in our program which will allow your capital to grow. SIGN UP NOW! Real Estate Real Estate What is real estate all about? Real estate is “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. How much money do you need for a house deposit? For example: In order to purchase a home of $400,000, you could access a 95% loan of $380,000, meaning you’ll need to provide a cash deposit of $20,000. However, you can add the cost of LMI of to the loan amount (up to $8,000), which brings the total loan up to $388,000 or 97%. Read More Accredited Investor Definition YATLOMH’s goal is to level the playing field and allow people to access real estate debt as an asset class. Due to regulatory requirements, we are required to follow the SEC’s policies and allow only accredited investors on our platform. To better educate our investors about what this means and why, read below to learn about these federal laws. This information will help clarify the definition of an accredited investor. Income of $200k+ Regulated by the SEC Net worth of $1m “Accredited Investor” is a term designated and defined by the Securities and Exchange Commission (SEC). Under the federal law Regulation D in the Securities Act of 1933, certain companies are exempt from registering the sale of securities, which are typically forms of stocks or bonds, and in the case of PeerStreet, real estate debt. If exempt, companies are required to sell only to accredited investors. The law was designed to protect those individuals without a certain net-worth from major loss of liquidity, when purchasing an unregistered security. Accredited investors are viewed as more sophisticated investors, capable of taking on the risk that some securities present. This rule also applies to entities, which include, banks, partnerships, corporations, nonprofits and trusts. PeerStreet is considered a “private placement” investment opportunity, unlike government bonds, and thus subject to slightly different federal policies. However, since our investments are backed by collateral, real estate, this structure helps mitigate the risks involved. It Is a high-yield, short-term, real estate backed loan investment Accredited Investor Requirements Who can qualify to be considered an accredited investor? The SEC outlines some scenarios that an individual must fulfill in order to purchase unregistered securities. An accredited investor can either qualify based on income or net-worth, either individually and jointly with their spouse. Here are the two ways to define accredited investors, taken directly from the SEC website: One who has earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR One who has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). For the first scenario, the individual must have satisfied this requirement for three consecutive years and has reasonable belief that this income will be achieved again for the coming year. For an entity to be considered an accredited investor, it must hold assets totaling over $5 million. Those looking to calculate their net-worth. Regulation D These regulatory standards have roots that go far back into the evolution of America’s banking industry. The Securities Act of 1933, only four years after the stock market crash of 1929 and in the thick of the Great Depression, made certain stipulations concerning how securities are sold. Companies must either be registered with the SEC or meet one of three exemptions, which are outlined by Regulation D (or Reg D). PeerStreet operates under an exemption listed in Regulation D. It has been recently reported that changes to The Securities Act of 1933 is currently under review by the SEC. The Jumpstart Our Businesses Act of 2012 (JOBS Act), has also contributed to the momentum building to change how these federal laws are structured, potentially, as well as the standards to be considered an accredited investor. Some finance professionals have emphasized that the law should change to also include individuals who have a certain level of education to fulfill the accredited investor requirements. Start investing with as little as $2,000 Annuities Annuities An annuity is a lump sum of cash invested to produce a monthly stream of income for a fixed period or for life. The income can start now (immediate annuity) or in the future (deferred annuity). Funds are not protected or insured by the issuers. We buy an annuity either with a single payment or a series of payments called premiums. Our annuity contract provide a way to save for retirement. We can turn your savings into a stream of retirement income. Still others do both. For instance you use an annuity as a savings vehicle and the insurance company delays your pay-out to the future, you have a deferred annuity. We can use the annuity to create a source of retirement income and your payments start right away, we have an immediate annuity yearly. We’ve two common types of annuities are fixed and variable. There is also a hybrid called an indexed annuity, also referred to as an equity-indexed annuity or a fixed-index annuity. Variable annuities are securities and under Yatlomh’s jurisdiction. Annuities are often products investors consider when they plan for retirement—so it pays to understand them. They also are often marketed as tax-deferred savings products. Annuities come with a variety of fees and expenses, such as surrender charges, mortality and expense risk charges and administrative fees. Annuities also can have high commissions, reaching seven percent or more. Read More Types of Annuities Fixed Annuities These annuities are insurance products. Your guaranteed rate of return and payout are based on your current age, life expectancy and prevailing interest rates, among other factors. Variable Annuities Variable annuities are investment products with insurance features. They allow you to select from a menu of investment choices, typically mutual funds. The value of your annuity depends on how your investment choices perform. Indexed Annuities Indexed annuities have characteristics of both fixed and variable annuities. They offer a minimum guaranteed interest rate combined with a rate linked to a market index. But indexed annuities are complex and investors will find it difficult to compare one indexed annuity with another. PEOPLE ALSO ASK Are annuity safe? Fixed annuities are one of the safest investment vehicles available. Although they are not backed by the Federal Deposit Insurance Corporation (FDIC), fixed annuity providers are required by state law to protect their outstanding annuity contracts with cash reserves on a dollar for dollar basis. How does an annuity work when you die? A common annuity option is the life annuity, which guarantees payments for as long as the annuitant lives. Payments are based on a number of factors including age, predicted life expectancy and account balance. … Upon your death, your spouse or other beneficiary continues to receive payments until his or her death. How do you invest in annuities? As I wrote earlier, annuities are investment contracts, and one of the more important provisions you can include is guaranteed income. You can do this with immediate annuities or the income riders that fixed index annuities offer. You can buy an annuity and have it begin paying out an income stream immediately. When can you cash out an annuity? Withdrawing money from an annuity can be a costly move, so make sure you review your plan’s rules and federal law before you do. If you make withdrawals before you reach age 59 ½ , you will be required to pay Uncle Sam a 10% early withdrawal penalty as well as regular income tax on your investment earnings. Are annuities taxable income? If you buy the annuity with pretax money, then the entire balance will be taxable. If you use after-tax funds, however, then you’ll be taxed only on the earnings. If you cash out a deferred annuity in a lump sum, then you’ll have to pay income taxes on all of the earnings higher than your original investment. What are the advantages and disadvantages of an annuity? The biggest advantages annuities offer is that they allow you to sock away a larger amount of cash and defer paying taxes. Unlike other tax-deferred retirement accounts such as 401(k)s and IRAs, there is no annual contribution limit for an annuity. How much can I get from an annuity? As a comparison the cost of a life annuity which would pay you $1,000 per month for as long as you lived (“Single Premium Immediate Annuity”), is approximately $175,000 (use the calculator to see how much it is in your case). How does an inherited annuity work? When a person inherits an annuity, the gains stay with the policy. Depending on the type of annuity, tax will have to be paid on the lump sum received or on the regular fixed payments. The payments received from an annuity are treated as ordinary income, which could be as high as 35% tax depending on your tax bracket. Do you have to pay income taxes on inheritance? Since you pay taxes on income, you may wonder if you have to report an inheritance that you may receive when you file your income tax returns. The answer is no, in general your inheritance will not be subject to income taxes. When can you cash out an annuity? Withdrawing money from an annuity can be a costly move, so make sure you review your plan’s rules and federal law before you do. If you make withdrawals before you reach age 59 ½ , you will be required to pay Uncle Sam a 10% early withdrawal penalty as well as regular income tax on your investment earnings. Bonds Bonds A bond is a loan an investor makes to a corporation, government, federal agency or other organization in exchange for interest payments over a specified term plus repayment of principal at the bond’s maturity date. There are a wide variety of bonds including Treasuries, agency bonds, corporate bonds, municipal bonds and more. Likewise there are many types of bond mutual funds. When you invest in bonds and bond mutual funds, we face the risk that your investment might lose money, especially if we bought an individual bond and want or need to sell it before it matures. And bond mutual fund prices can fluctuate, just as stock mutual funds do. Risk will also vary depending on the type of bond you own. Bonds and bond mutual funds often can be an important component of a diversified investment portfolio. Whether you are just starting out or a seasoned investor. All these are being taken care of by our experienced professionals. Read More Tips Before You Invest in Bonds: Don’t reach for yield. The single biggest mistake bond investors make is reaching for yield. This tends to happen when interest rates are low or have recently declined, or when investors feel they are not earning a rate of return they feel they need. Don’t be tempted by higher yields offered by bonds with lower credit qualities, or focus only on gains that resulted during the prior period. Yield is one of many factors an investor should consider when buying a bond. And never forget: With higher yield comes higher risk. Define your objectives. Is your investment objective to have enough money for your child’s college education? Is your goal to live comfortably in retirement? If so, how comfortably? You probably have multiple goals. Lay them all out and be as precise as you can. Remember: If you don’t know where you’re going, you’ll never arrive. Assess your risk profile. Different bonds and bond funds, like stocks and stock funds, carry different risk profiles. Always know the risks before you invest. It’s a good idea to write them down so they are all in plain sight. Do your homework. You’re off to a good start if you’ve come this far—but keep going. Read books and articles about bond investing. Look up information on the Web or visit your local library. Start following the fixed-income commentary on financial news shows and in newspapers. Familiarize yourself with bond math. You should also read the bond’s offering statement. It’s where you will find a bond’s important characteristics, from yield to the bond’s call schedule. Plan to reinvest your coupons. This allows the power of compounding to work on your behalf. It’s a good idea to establish a “coupon account” before you start receiving coupons, so that you have a place to save the money and are not tempted to spend it. If you are buying a bond fund, you don’t have to worry about this—the fund does this for you. Don’t try to time the market. Avoid speculating on interest rates. Decisions are too often made on where rates have been rather than where they are going. Instead, stick to the investment strategy that will best help you achieve your goals and objectives. College Funds College Funds Saving for College College funding begins with saving. But how much should you save—and how? The College Board® reports that the 2016-2017 average budget of a full-time undergraduate in-state student at a public four-year college is $24, 610. The cost jumps to $49,320 for a full-time undergraduate education at a private nonprofit college. These figures include tuition and fees, room and board, books, supplies and other incidentals. While college costs continue to rise, the good news is that there are many smart, tax-advantaged ways to save for college. We’ll help you navigate your college savings options, and provide tips and tools to help you make a college education an affordable choice for you or your child. Read More Estimate Your College Savings Needs Don’t be daunted by the amount you may have to save. Small amounts of money, if invested early, can become sizable investments through smart planning and compounding. Coverdells and Custodial Accounts ESAs are another tax-advantaged way to pay for college. Investment options are broader than 529 plan choices, but you can’t save as much, and there are income restrictions. Custodial accounts allow a parent, grandparent or other adult makes all the investment decisions until the child for whom the account was opened reaches the age of majority. 529 College Savings Plans This type of 529 plan allows earnings to grow tax-deferred and withdrawals are tax-free when used for qualified education expenses. College Saving with Savings Bonds Series EE savings bonds issued after 1989 or Series I saving bonds are another tax-advantaged way to save for college. 529 Prepaid Tuition Plans Prepaid tuition plans allow parents, grandparents and others to prepay tuition at today’s tuition rates at eligible public and private colleges or universities, helping them manage future tuition costs. ABLE Accounts (529 A Savings Plans) ABLE accounts allow individuals with disabilities a tax-advantaged way to save and pay disability-related expenses, including education. Commodity Futures Commodity Futures Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a specified price on a particular date in the future. Commodities include metals, oil, grains and animal products, as well as financial instruments and currencies. With limited exceptions, trading in futures contracts must be executed on the floor of a commodity exchange. The Commodity Futures Trading Commission (CFTC) is the federal government agency that regulates the commodity futures, commodity options, and swaps trading markets. Commodity Futures Commodity Futures Trading Commission CFTC is the federal regulator of commodity futures. Its website provides alerts, education and tools related to commodity futures. National futures Association NFA is the non-governmental regulator for anyone who trades futures with the public. Its website offers numerous educational resources for investors, as well as information about commodity market. Securities and Exchange Commission. Get an overview of commodity futures from the federal securities regulator. Read More Bitcoin Forward What is buying Bitcoin forward? Simply put, buying Bitcoin forward consists of an agreement between yourself and Yatlomh to purchase a portion of our Bitcoin production at a discounted price, to be delivered at a predetermined schedule in the near future. In this case Bitcoin transfers begin after 180 days from the date of your purchase. Forwards offer downside protection from short-term price manipulation and increased profitability for those who have an eye towards the future of Bitcoin How does it work? The proceeds from our forward sales will go primarily to the acquisition of additional mining computers. As the Company produces bitcoins at our established mining operations, a percentage of the Bitcoin production is allocated to fulfilling the Bitcoin forward sales contracts. This is a win-win scenario, whereby you benefit by purchasing Bitcoin at a locked-in discounted price in return for agreeing to a predetermined future delivery schedule.This is the same successful strategy used by large scale Asian Bitcoin miners in lieu of debt financing or dilutive equity sales. It has proven to be beneficial to both the miner’s and their clients. What is a forward contract? Forward Contract as defined by the CFTC: Is a cash transaction common in many industries, including commodities such as Gold, Gem Stones, Farmer’s production or Oil and Gas. Whereas a buyer and seller agree upon delivery of a specific quantity of goods at a specified price for delivery at a future date. Terms may be more “personalized” than is the case with standardized futures contracts (i.e., delivery time and amount are as determined between buyer and seller). A price may be agreed upon in advance or there may be agreement that the price will be determined at the time of delivery. (Reference; www.cftc.gov/ConsumerProtection/EducationCenter/CFTCGlossary/glossary_f) What is the discount rate? The current discount rate ranges between 10% and 20% below the spot price as established on the US-based exchange (GDAX) owned and operated by Coinbase Inc. www.coinbase.com at the time of purchase. How can we afford to offer you bitcoins at such a large discount? A simple mathematical formula is used by all Bitcoin miners to extrapolate the cost of producing each newly minted Bitcoin. Based upon the network hash rate, cost of mining equipment, and the electricity used in the “mining” process, we know how much it costs to produce each bitcoin. As such, we only sell a fraction of our projected overall Bitcoin production, which is then held in an offline cold storage wallet off the Blockchain until customer payments are due. A percentage of the remaining bitcoins are sold, in order to cover our capital costs for hosting and the electricity to run our mining equipment. Eligibility You should purchase Bitcoin forwards if: You believe that the long-term trend for the price is bullish and your chosen strategy is to “buy and hold” bitcoins for a minimum of 6 months to two years. You see Bitcoin as Gold 2.0 and want to add it as a hedge against inflation or as a safe haven, store of wealth to protect against government’s excessive printing of fiat currency and price manipulation. You want to add Bitcoin as a new asset class to your investment portfolio. You have a clear understanding of the technology and how world events could have a positive impact on the Bitcoin price. You are content with a predetermined schedule for future delivery of your bitcoin(s). You want to take advantage of the deep discount to maximize profit potential and protect against price volatility. Who should not buy Bitcoin forwards? Day traders, people who are uncertain as to whether or not Bitcoin the currency, as a unit of transfer, will continue to be a viable store of wealth. Those that are primarily interested in short term gains or selling their coins within a six-month period. People who don’t understand the inherent risks involved with buying cryptocurrencies in general. People who cannot afford to lose the money they intend to use to buy their bitcoins. When will my bitcoins be delivered? Your first *1/18th of your purchase will be delivered after 180 days has elapsed and another 1/18th will be delivered each and every month until you have received your entire purchase. Note: disbursements are sent the first and third Thursday of each month to the Bitcoin wallet address provided by the customer. (*Option 1) IRA Individual Retirement Account What is the meaning of an IRA? An Individual Retirement Account is an investing tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAsas of 2016: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. Self-Directed IRA Investing Investing through retirement accounts on Yatlomh is a great way to boost your overall returns over time and benefit from tax savings. Yatlomh offers investment options through a self-directed Traditional or Roth IRA with Triple Penny llc. Access all the same real estate backed loan investments while reaping the additional benefits of a tax-advantaged account. Get started today! Open an IRA Account The power of tax-deferred investing * This chart shows a hypothetical taxable investment (calculated at a taxable rate of 28%) versus a tax-deferred retirement investment – both with an initial investment of $100K. These hypothetical returns assume a constant rate of 8% with continued investments as initial investments mature. Read More Retirement Accounts FAQs What is self-directed IRA? A self-directed IRA makes it easier to diversify retirement funds by allowing you to invest in alternative assets – real estate, physical commodities, limited partnerships, etc. You have more control of your investment choices versus other IRAs that may limit you to stocks, bonds or mutual funds. Yatlomh offers investors options for investing on the platform through a self-directed IRA. To get started, visit the self-directed page on our website. There will be thorough instructions and several forms to fill out to register an account with Triple Penny llc. Once you establish a self-directed IRA account, follow the instructions for funding the account or transferring a portion, or the entirety of, an existing retirement account to your Yatlomh account. What fees are associated with a self-directed IRA account? There are no account set-up and processing fees but if there should be it will be associated with opening a self-directed IRA, they include: Account set-up fee: $50 Annual account fee: $100 Processing fee: $50 Additionally, there may be no service fees that vary depending on your specific use case. For each person, Yatlomh will make a one-time reimbursement for the above fees on one self-directed IRA account with an initial balance of $20,000 or more. Will Yatlomh Income reimburse any of the self-directed IRA fees? Yes, for each person, Yatlomh will make a one-time reimbursement for the following fees on one self-directed IRA account with an initial balance of $20,000 or more: Account Opening: $50 Annual Fee: $100 Initial Investment Purchase: $50 What types of retirement accounts are eligible? You can transfer funds from a 401(k), 403(b), 457 or other retirement plans into a self-directed IRA. How do I fund my Yatlomh self-directed IRA account? To fund your self-directed IRA, you will first need to complete and submit the account setup. Yatlomh will notify you as soon as it is ready for funding. You can do a full or partial rollover from an existing retirement account or fund your account with a new contribution. Once you have successfully rolled funds over into a self-directed IRA, the final step will be to transfer the funds into your Yatlomh’s account. This will allow you to participate in investments through your retirement account. Technical: How do I know the Yatlomh’s website is secure? PeerStreet implements a number of controls to ensure our website is as secure as possible for our stakeholders. All of your interactions with the website take place over a secure and encrypted connection that uses SSL/TLS, the industry-standard security technology used by all banks and other financial firms. Personal data is stored using the latest in public key encryption technology in our data center powered by Amazon Web Services. Amazon continually manages risk and undergoes recurring assessments to ensure compliance with industry standards. Soon our data center operations would be accredited under: ISO 27001 SOC 1 and SOC2/SSAW 16/ISAE 3402 (Previously SAS 70 Type II) PCI Level 1 FISMA Moderate Sarbanes-Oxley (SOX) In addition, our hosting services provider undergoes regular penetration testing and vulnerability assessments to validate the integrity of their platform and maintain the privacy of your data. Taxes and Fees What is the tax treatment for income derived from Yatlomh investment? Yatlomh investors will be issued a consolidated Form 1099 for the income distributed from their investment positions. Investors may receive one or more of the following types of 1099 form: 1099-OID for notes with terms longer than one year (at the time of issue) 1099-INT for notes with terms less than one year (at the time of issue) 1099-MISC for late fees or other income, if more than $600 1099-B for gain or loss accompanying the sale of a property in the event of foreclosure If there are revisions to information contained in the form, we are required to provide a corrected form with the revisions clearly highlighted. We will notify you of the corrected document via email. Prior versions of your documents are retained for your reference. If you’ve already filed your tax return, you may want to consider filing an amended return based on the changes in your taxable income as reported on your corrected Form 1099. We suggest that you consult with a qualified tax advisor for more information about tax treatment related to your specific investments or about filing an amended return. HOW DO BITCOIN IRA’S/401K WORK? Bitcoin IRAs are no different from any other IRA. You fill out the same forms when you invest. You can choose the product that’s right for you, whether it be a traditional IRA (pre-taxed assets) a Roth IRA (after-tax assets) if you’re under 70 ½. Of course, you can only take distributions out of your IRA or traditional or Roth without a penalty if you’re at least 59 ½. Employees invested in an employer’s 401K are subject to the same penalties if they take distributions before they’re 59 ½. Employer sponsored 401ks and or your IRA must be self-directed for you to choose Bitcoin as an investment. The same holds true for precious metals, alternative investments and collectibles. As the owner of the plan you are able to choose from a wide variety of options including Bitcoin without losing the tax deferred status for your retirement account. According to the IRS (Virtual Currencies) like Bitcoin fall under the category of “property” and are treated as such for all tax purposes. IRS Virtual Currency Guidance: Notice 2014-21 “an equivalent value in real currency.” Bitcoin is widely accepted and used to purchase both goods and services, worldwide “Bitcoin can be digitally traded between users and can be purchased for, or exchanged into U.S. dollars, Euros, and other real or virtual currencies.” The IRS declaration allows investors to use Bitcoins in tax deferred accounts such as Individual Retirement Accounts, Self Employed Pension Funds and certain Self Directed 401-K’s as long as the individual or Trust uses the services of a Government approved and regulated IRA custodian. Since Bitcoin can be exchanged for USD or other fiat currencies, that it can be used in place of dollars or other currencies to make investments and to fund your IRA, SEP, or 401K. The same IRS notice also states that, for Federal Tax purposes, Bitcoin will be regarded as “property.” Each person must make an assessment of their own financial situation and decide if Bitcoin fits in to your financial planning portfolio. Bitcoin which is being commonly referred to as Gold 2.0 has many of the attributes of Gold which is well known as an inflation hedge and store of wealth. The value of your IRA, may increase much faster by supplanting Gold, Silver or other precious metals with Bitcoin. Investors worldwide are only just learning about this global phenomenon, its ever increasing value as a new and exciting asset class that won’t be dragged down by falling stock markets, depressed oil prices, or the weakness of global currencies. Please consult a licensed tax professional about the tax implications for your personal IRA, SEP and or 401-k. Life Insurance Life Insurance Insurance Life insurance products are often a part of an overall financial plan. They come in various forms, including term life, whole life and universal life policies. There also are variations on these—variable life insurance and variable universal life insurance—which are considered securities and must be registered with the Securities and Exchange Commission (SEC). YATLOMH has jurisdiction over the investment professionals and firms that sell variable life and variable universal life products. Insurance products often are developed to meet specific objectives. For example, long-term care insurance is designed to help manage health care expenses as you age. As with other financial products, insurance products can be complex and come with fees, so it pays to do your homework before you buy. Read More Here are some of the most common types of life insurance: Term Life Insurance. Term life provides coverage for a specified and limited period, known as the term. Premiums for most term policies tend to go up as you age or at the end of each renewal period. After the term ends, so does the policy and its coverage if it’s not renewed. Whole Life Insurance. Whole life or ordinary life insurance is a type of permanent life insurance. It provides coverage for the life of the insured and can build cash value, which is a savings feature. Premium payments typically remain the same for the life of the insured. Universal Life Insurance. Universal life provides coverage for the life of the insured and also offers flexible premium payments and insurance coverage. The cost of your insurance protection and in some cases other costs are deducted from the cash or policy account value. Variable Life Insurance. Variable life is a type of security that offers fixed premiums and a minimum death benefit. Unlike whole life insurance, its cash value is invested in a portfolio of securities. As the policyholder, you can choose the mix of investments from those the policy offers. However, the policy’s investment return is not guaranteed and the cash value will fluctuate. Variable Universal Life Insurance. This type of security combines features of universal life insurance and variable life insurance. It offers flexibility in premium payments and insurance coverage, as well as an investment account. Another type of insurance is long-term care insurance, which tends to cover what Medicare and most conventional health insurance policies don’t: long-term custodial care expenses. It’s a risk-management product to help cushion the financial blow of prolonged and expensive elder care or custodial care. Things To Consider When You Get A Life Insurance Quote Before you get a life insurance quote, you have to determine how much life insurance you need. Your needs analysis will focus primarily on who, or what, you want to protect in the event of your death. If you have several young children and a wife and a house with a mortgage, you may need a lot of life insurance. However, if you live alone or your children are out of the house, then you will need less. Once you decide how much you need, then you can pursue your quote. Whether you get an online life insurance quote or a quote from an agent, you should get several life insurance quotes and compare them, that’s where you will notice our importance. As you shop, you will notice differences between insurance companies. Some companies require no medical exam and others only require one for more than a certain dollar amount for insurance. Some do not use agents, and others rely on agents. When with no agent’s commissions or no medical exams, companies still have marketing expenses. Even if a company advertises that it pays no commission to agents or does not require a medical exam, that does not always mean their products will be less expensive. There may be additional fees associated with the coverage, or the rates could be higher. Don’t be convinced by ads! You have done your homework to find us with the lowest premium and best life insurance coverage for you.