Since the Company’s inception, Ocean Drive Capital Partners has directly facilitated hundreds of 401-K conversions into precious metals Self-Directed Individual Retirement Accounts (IRA’s) for our clients.
Most companies that advertise that they can handle your 401-K rollover, usually go through a series of brokers to handle your account. Most of these companies do not directly employ a licensed registered advisor like we do that handles ALL aspects of your account. Due to the many nuances and ‘hidden fees’ of this industry, when more people get involved in the process, the client pays more fees, not to mention paying for all of that additional advertising. Conversely, we work strictly by referrals. We have no advertising fees. We directly broker your physical metals directly with the master-distributor, providing you with the best prices. We work directly with the required Custodian that processes your paperwork with the Government, as well as the vaulting company where your gold and silver is stored. Because we’re actually in the business of financial services, we are very familiar in dealing with the banks and pension companies that handle people’s 401’s. In today’s world of failing banks, you want to be assured that your rollover transition goes smoothly, you want everything to be accurate, and you want the best price you can get for services rendered.
At Ocean Drive Capital Partners, we handle all of these matters for you, and we’re fully insured. We work with you to determine exactly what you need based on exactly where you are in your financial life today. We fully understand that the decisions you make today must meet your retirement plans for tomorrow. We even consider tax implications and guide you through those issues. Remember, it’s not what you make inside of your 401, but what you keep. There in lies the difference.
We would invite you to take a little time, read the following information and watch the videos we have included for you below. This information will help you. Once you do this, simply reach out to us by going to the “Contact Us” tab to arrange a telephone appointment, and we will get you started. You can always reach out to us there with any questions you may have and someone will get back to you within 24 hours. Thank you.
At Ocean Drive Capital Partners, we handle all of these matters for you, and we’re fully insured. We work with you to determine exactly what you need based on exactly where you are in your financial life today.
You will NOT find the following information anywhere inside the entire financial services industry, nor with such candor and truth at it relates to pension and retirement products and services. This is our Clarion Call to you.
Please read, learn, watch, and ACT.
With the impending financial reset looming over you, your entire financial future depends on learning this invaluable information.
You’ve worked hard to build your 401-K, 403(b), IRA, Roth, or similar type of retirement accounts. With all of the uncertainty of what’s going on with recent bank failures, inflation, rising interest rates, the likelihood of more and higher taxes, what Congress has done to you with the Secure Act of 2020 and 2022, and what the FDIC is now up to to literally (and legally) steal your money, your retirement funds are very exposed.
Here s a prime example: Did you know that imbedded into the ‘Secure Act’ are provisions whereby they can legally confiscate up to 30% of your accounts? 99% of Americans don’t have a clue about any of this. And good luck trying to find out ‘how’ they can do this on a Google search. It’s all been censored from you. Unless you know ‘how’ to research things like this, (which has taken me years to unravel and master), you’re going to always remain a slave to their system. Like I’ve been saying for years, the powers-that-be don’t allow any of this to be taught to us in schools because they don’t want us to know any of this information.
We’re here to show you how to protect what you’ve earned and built from the likes of Congress, Wall Street, the Central Banks, and the Fed. As an acknowledged authority on the Federal Reserve, I specialize in studying anything and everything related to with the Dollar, especiallyas it relates to how those dollars are invested into retirement accounts.
Conclusion: ‘How’ you protect it all must be considered, learned, and handled with great seriousness. We’ve taken this process and made it simple. I (we) will gladly help you get started. If you have at least $35,000 in your existing 401, 403(b), IRA, Roth, or similar retirement account, we need to talk ASAP. If you have less that that amount, we still need to talk, but that amount or less utilizes a different strategy which we’ll gladly go over with you.
Just click the “Contact Us” tab and fill out your information where indicated. Someone from my staff will get right back with you to set your appointment with me personally.
R. L. Patterson II, CFA and Managing Partner
Ocean Drive Capital Partners LLC
The following questions and answers have been designed to further your knowledge in this very important decision. After you read the following section, I would encourage you to watch the two short videos PLUS the 53-minute documentary from ‘Frontline’ aptly entitled: “The Retirement Gamble” located at the bottom of this page.
What will another market crash (think 2008), or worse, an entire ‘financial reset’ (which is coming) do to your retirement account?
As a rule, most people plan on retiring around the age of 65. Up until 1989, a couple nearing the age of 65, provided they invested well along the way, had a 401-K or similar investment strategy, i.e., a brokerage account, an annuity, etc. Under normal circumstances, that man, woman, or couple would have accumulated a net worth of around $1M or more after working for the previous 40-45 years. For the majority, up until that time, most families lived pretty well. You had a primary bread-winner, and the spouse was able to stay home to provide the children a structured upbringing. They both knew that Social Security would be there to offset the difference of a much lower income, and they knew Medicare would kick in, and that their investments, especially if their home was paid for, coupled with a pension, or 401 income, that in all probability, those ‘normal’ strategies could afford them a reasonably good retirement… But that was then and this is now…
Fast forward to the Crash of 2008… EVERYTHING changed. The average American lost 41% of their retirement portfolios on one single afternoon. September 29th to be exact. Unfortunately, decades of political ineptitude and financial mismanagement during that 19-year period put the longevity of the Social Security and retirement in jeopardy.
Today, almost 15 years later, these sad facts make retirement strategies more important than at any time in history. To further exacerbate this problem, most people treat their retirement assets like a bank account they can withdraw from as needed. A major market correction, or worse, a complete financial reset, (which we feel like is just around the corner) will make the Crash of 2008 look like a Sunday afternoon walk in the park. What’s going to happen when you wake up one morning, and through no fault of your own, you realize that you just lost 50% or more or your entire assets??? What if the Federal Reserve gets away with implementing Fed Coin? What would an immediate confiscation of 30% of your 401assets do to you because of “The Secure Act of 2020 and 2022”? What if the FDIC performs a ‘bail-in’ (not a ‘bail-out’) on your accounts like what happened in Greece and Cyprus in March of 2013, whereby the European Central bank gave ALL of those depositors who had over 100,000 Euros in ANY of their accounts an immediate 22% hair-cut? And I could go on… ARE YOU PREPARED FOR ANY OF THIS???
Depending on the asset allocation of a portfolios’ structure, most retirement accounts are designed to rebalance over time into traditionally less risky assets like municipal or government bonds. The primary driver of bond prices are interest rates. This strategy worked well for many years, but the pressures of Congress constantly increasing the deficit coupled with the expansion of the derivatives markets, along with the Federal Reserve’s insatiable appetite for printing more currency to ‘fix’ these unsustainable monetary policies, have in essence destroyed the bond market. So that solution is now dead. If you have bonds inside of your 401, get out of them ten minutes ago. Understand this: The brokerage and/or pension company handling your 401’s assets gets paid regardless of how it performs. Not only is that not right, I’m of the opinion that it’s down-right unethical and should be illegal. The best way to eliminate this possibility is to convert those paper-assets inside your 401 into a physical precious metals Self-Directed IRA. ASAP. Period.
How does inflation effect a retirement account?
The easiest way to understand inflation is a loss of purchasing power. Here’s an example: If something cost $100 a year ago, and today that same thing costs $110, then you lost 10% of your purchasing power in just one year. Reading one’s retirement account statement is confusing and frustrating. They are designed this way on purpose. The mistake people make when thinking about their retirement accounts or other investments is they think in terms of their purchasing power when they originally made the investment instead of their purchasing power when they sell. A successful investment should increase your purchasing power over time, not decrease it. The way to measure whether an investment has increased your purchasing power is simple math. You simply subtract the current inflation rate from the present rate of return.
Here's an easy example: If you are making market returns of 4% per year, and inflation is 9%, you’re looking at losing 5% per year, and that’s not taking into account whatever you’re paying out in management fees and taxes, not to mention the dreaded RMD (Required Minimum Distribution).
Continued losses is a very stressful situation to watch in any investment account, but especially a retirement account. With a gold and silver backed Self-Directed IRA, you don’t have these problems. You own those assets out right without any government or bank ‘counter-party’ risk.
How does converting my existing retirement account into a precious metals Self-Directed Individual Retirement Account (SDIRA) protect me?
Investments and wealth cycles, as well as bear markets and bull markets come and go, but precious metals have remained the most trusted wealth preservation strategy for thousands of years. This philosophy is especially prevalent today given the recent collapse of Silicon Valley Bank in California, Signature Bank in New York, as well as over 127 other banks. Why on earth would you want to expose your assets to those kinds of risk?
The primary reason savvy investors diversify their portfolios with precious metals is to protect their purchasing power and hedge against inflation caused by rising interest rates which facilitates inflation. Precious metals also afford investors with tax advantages simply not found in ‘paper-assets’. Since retirement is about wealth preservation, precious metals inside of a Self-Directed Individual Retirement Account (SDIRA) can be a well-suited, conservative, and logical investment vehicle to help reach that objective. EVERYONE at Ocean Drive Capital Partners AND ALL of our clients own precious metals.
Is a precious metals SDIRA legal?
Yes, it is completely legal to buy, hold, and sell Gold, Silver, Platinum, and Palladium within an SDIRA account, as long as you do it legally. Part of what we do is to complete all of the requisite paperwork and facilitate this entire process.
Is this IRA backed with real physical Gold and or Silver?
Yes. With our Precious Metals IRA’s, you will own physical gold and silver Sovereign coins, either US Eagles or Canadian Maples minted between 1986 through 2023 as required by law. When you need to liquidate some or all of your metal, be will gladly buy it back from you, as well as help you with the paperwork involved to make that happen. You’ll receive a statement at the end of every quarter to keep you fully apprised of your account.
During the rollover process, as a Registered Advisor, we work directly with you, the precious metal distributor, and the approved government approved custodian to set-up your new account. Since you’re dealing directly with a Registered Advisor, you eliminate having to deal with dealers, brokers, or other third-parties, thus saving you unnecessary fees and commissions which can be substantial if you are unfamiliar with the process.
We will arrange to transfer funds from your existing 401-K, 403(b), Roth, IRA, pension account, etc. We then facilitate having those paper assets converted to into physical gold and/or silver at the cheapest market price possible through our numerous industry relationships. Then we arrange for the approved custodian to oversee your account. Depending on the custodian, this entire process can take as little as 2 weeks and no more than one month. We update you by email throughout the entire process.
Are there any risks in owning precious metals in my new SDIRA?
Yes. All investments involve some level of risk. Precious metals are no exception. While past performance of a particular asset class does not guarantee any future performance, historically, the value of physical gold and silver has NEVER gone to zero in over 2000 years. Physical gold and silver has provided its owners with purchasing power protection and has proven for decades to be a hedge against inflation since the inception of the Federal Reserve in 1913. We’ll be glad to send you a market analysis of all of the major indexes compared to gold and silver over the last 23 years since 2000.
Can I rollover my existing account into a new precious metals SDIRA?
Yes. You can roll over assets from an existing IRA or a previous employer's 401-K, or 403(b), Roth, etc., and in some circumstances, a portion of your current employer's plan. Since everyone’s plan is different in some way, we perform a cost-free analysis on your specific situation. Be aware however, that depending on what plan you have (or had), some plans require you to be 59 and ½ to get started. You will need to contact your current or previous plans’ representative to confirm this information, as well as to get us a full copy of your current statement in order for us to start this process. Note: Doing this from your phone or computer (i.e., a ‘screen-shot’) is not acceptable within this industry. You will need to provide us with a hard copy of your statement, or, a scanned copy directly from your computer, then email it to us. These documents cannot be sent to us via a text.
Why hasn’t my regular financial advisor told me any of this?
A ‘financial advisor’ typically offers investment services that pertain to stocks, bonds, and/or Treasuries. These traditional advisors can't work with physical precious metals, and we are not here to replace them. However, we are here to protect and preserve your purchasing power, and to protect you from the banking system, Wall Street, and the ineptitude of Congress. Let’s face it, the reason you’re considering any of this is probably ‘because’ you’ve watched the value of your ‘paper assets’ in your 401 or pension or brokerage account go down in value over the last two-three years.
My 401 (or related retirement program) has less than $35,000 in it. Should I consider just cashing out of my 401 and taking the tax hit now?
GREAT question. I’ll answer it this way: First, everyone’s financial situation is different. EVERYONE in this market needs to be transitioning a much larger percent of their assets into physical silver and gold to reduce their exposure to the dollar. If you have $35K or more in your account, we can obviously convert your ‘dollar based’ investment products that you have now in your 401 into a precious metals SDIRA which immediately eliminates that exposure.
Conversely, you need to make sure that the remaining balance of your paper investments (stocks, Treasuries, etc.) are making you an annualized return on investment (ROI), and that your yields from those investments are beating the current rate if inflation. Yes, easier said than done. You must know ‘how’ to perform these calculations, or any mistakes will hurt you. Then, within all of that, you need to have some cash; at least enough to pay your regular monthly bills for six months. Any debt you may have (i.e., credit card debt) needs to be factored into that equation. Even though you could probably take a loan against your current 401 to pay off those credit cards, etc., that’s a bad idea unless you know for certain you can pay it back within a year or less, which hardly anyone ever does. Another factor to consider, what will your tax rate on your investments be in the future? More food for thought. We will analyze your current situation and design you the best strategy.
Note: If you have less than $35K to convert, that involves a slightly different conversation, but the strategies still provide the same outcome. We’ll be glad to assist you regardless.
How do I get this process started?
Simply go to “Contact Us”, fill out your basic contact info, and our staff will email and/or text you to set up a free telephone consultation where we will guide you through the process to get you started. You’ll deal directly with one of the owners of our Company, who’s a Licensed Registered Advisor.
Thanks, and we look forward to speaking with you soon.
Advisor Gold – Breaking down why specific coins must be used for 401 to IRA conversions. The we discuss the process of converting your 401 into a Self-Directed IRA A-Z. February 16, 2023. Run time: 24 minutes.