Kingdom Trust is an independent custodian of self-directed retirement assets, including IRAs and other qualified plans. Founded in 2009 and based in Murray, Kentucky, United States, Kingdom Trust has become one of the largest custodians of self-directed retirement plans.
The company holds over $18 billion in assets and offers a wide range of services to retirement plan participants, including IRA setup and management, asset diversification, gold IRA rollovers, and more.
Kingdom Trust was founded on the belief that individuals should be able to make their own investment decisions. As a result, it provides its clients with the tools and resources they need to take control of their retirement plans, investing in whatever asset classes they choose.
Over the years, Kingdom Trust has continued to expand its services and offerings. In addition to providing custodial services, the company now offers alternative asset investment diversification and tax and legal expertise.
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The company was founded by Matt Jennings, who currently serves as the Executive Chairman and co-founder of Choice by KT. From humble beginnings as a small business owner in Kentucky, Matt has grown the company to become one of the largest custodians in the United States.
In 2009, Matt noticed an opportunity to help customers have access to alternative asset classes, such as real estate and single-member LLCs, that were not available through traditional custodians. By developing a self-directed IRA platform, Matt has enabled thousands of individuals to invest in what they believe in and diversify their retirement resources.
Kingdom Trust was the first to offer Bitcoin and other cryptocurrency custody in 2017. This expanded Kingdom Trust's capabilities as a self-directed IRA custodian and gave clients access to new asset classes and investment opportunities.
The company has made significant investments in its technology, allowing clients to manage their assets via an easy-to-use website and mobile app. In 2018, the company launched Choice to give investors even more control over their retirement funds.
Choice is a multi-custodian digital platform that enables consumers to open and manage IRAs with several custodians in one place. This innovative service advances Kingdom Trust's aim of assisting individuals in gaining control of their retirement resources and making more informed investing decisions.
The app is a secure, user-friendly platform that allows users to open, manage and move funds between qualified retirement plans. It also provides users with educational tools and resources to help them make more informed investment decisions.
The company has a team of experienced professionals available to provide guidance and answer questions about investing in retirement funds. This makes clients feel more confident in their investment decisions and helps ensure they make the best choices for their retirement goals.
With over ten years of experience in the business, Kingdom Trust has earned a reputation for its dedication to customer service and innovative approach to the self-directed retirement industry. It strives to deliver exceptional service and ensure clients have access to the best resources for managing their accounts.
Additionally, Kingdom Trust offers competitive fees and low-cost options for investors looking to diversify their portfolios. It is committed to helping individuals make sound investment decisions even after retirement.
With a client-centric approach and access to alternative assets, Kingdom Trust is leading the charge in helping clients take control of their financial future.
Kingdom Trust Company and Investing Account Types
This is the most common type of retirement savings account and is a great way to save for the future. Its primary benefit is that contributions are eligible for valuable tax deductions, which will help reduce taxable income in the current year and every year after.
A bonus to it is that all income or capital gains generated by investment within the account are tax-deferred until retirement, making it easy to remain focused on long-term investing and growing your nest egg.
This works well, especially during peak earning years, when deducting an IRA can significantly reduce taxable income. It's also one of the few ways for self-employed individuals to get a retirement plan setup and take advantage of its benefits.
However, you cannot withdraw funds without incurring a penalty until you reach the age of 59 ½. With its potential for long-term saving opportunities and attractive tax features, the traditional IRA can be an excellent option for many folks who want to plan for their golden years.
A Roth IRA is similar to a traditional IRA in many ways, with the primary benefit of being able to withdraw funds penalty-free at any time. This is incredibly beneficial for those who are not yet 59 ½ and may need access to their nest egg earlier than that.
Unlike Traditional IRAs, Roth IRAs do not have an associated tax deduction. However, withdrawals are still tax-free, making it an excellent option for those who are paying higher taxes during their peak earning years and would like to benefit from the tax savings later in life.
Additionally, Roth IRAs also offer more flexibility when it comes to contribution limits. At the same time, while Traditional IRAs restrict how much you can contribute annually based on income, Roth IRA's limiting your ability to contribute gradually decreases with income.
This is another excellent retirement savings option for self-employed individuals and small businesses that don't offer a 401k or other employer-sponsored plan. It allows employers to make contributions on behalf of eligible employees, with both employer and employee getting access to the same tax benefits as a traditional IRA.
Similar to Roth IRAs, no taxes are due on withdrawals until they are made (at which point you will be required to pay taxes on any capital gains generated by investments within the account).
Unlike conventional IRAs, however, it has higher contribution limits, making it an attractive alternative if you have additional money to set aside for your golden years.
This employer-sponsored retirement plan offers the same kind of tax benefits as a conventional IRA but with significantly higher contribution limits and fewer administrative restrictions.
It's also great for businesses with up to 100 employees or less, as there are no annual filing requirements, and the setup process is much simpler than other retirement plans.
Additionally, employees can make contributions, and employers must match 100 percent of employee contributions up to 3 percent of the employee's wages. This makes it an excellent way for small business owners or self-employed individuals to get tax benefits and encourage their employees to save for retirement.
Kingdom Trust Company's Investment Vehicles
The company offers a variety of investment vehicles that its clients can choose from.
Depending on the type of Gold IRA you are looking to open, the company will provide options like physical gold, silver, and platinum coins, as well as exchange-traded funds (ETFs), which track the price of gold, silver, and platinum.
Additionally, clients can invest in a wide range of other assets, such as stocks and bonds, mutual funds, digital currencies, real estate, private lending deals, single-member LLCs, and marketplace lending opportunities.
They also offer the opportunity to invest in businesses through crowdfunding, traditional private equity deals, and publicly traded securities.
How Does Kingdom Trust's Gold IRA Work?
The process begins when you choose which type of account you'd like to open with Kingdom Trust - either a traditional IRA, Roth IRA, SEP, or SIMPLE IRA.
Once your account has been established, your custodian will ensure that the funds have been properly transferred into the account before allowing purchases of precious metals.
To fund your account, you can use various methods, such as cash deposits, wire transfers, or the transfer of assets from other retirement accounts.
Once you've funded your account, you can purchase physical gold and other eligible metals. Kingdom Trust offers a variety of metal types and products that can be used in your IRA, including coins, rounds, bars, and even gold ETFs.
The company also provides storage options for your metals as part of its custodial services. You can store your metals in their secure vault or deliver them directly.
Once you've acquired the precious metals, your custodian will ensure that all transactions are correctly recorded. They'll also keep track of any gains or losses and provide you with quarterly statements and 1099-R tax forms.
Kingdom Trust will also send you a detailed report each year that outlines all of your activity so that you can stay updated on your investments.
To ensure that you comply with IRS regulations, the company will also provide recommendations regarding the types of metals you can purchase and how much you should invest in each asset.
They will also help you determine which type of IRA is right for you and provide guidance on maximizing your investing potential.
Storage and Custodial Services
Kingdom Trust takes extra measures to ensure the safety and security of their client's gold IRAs. They use a combination of advanced technology, state-of-the-art security systems, and 24/7 surveillance to ensure that your gold remains safe at all times.
The company works with Delaware Depository and Integrated Dealer Services (IDS) to provide secure storage and custodial services for gold IRAs.
Delaware Depository is one of the country's most reliable precious metals vaulting companies, providing insured storage services for individual investors since 1999.
IDS is an independent third-party administrator who offers verification and documentation services for gold IRAs, ensuring all transactions are completed accurately and securely. As a result, you can rest assured that your assets will remain safe with Kingdom Trust.
The company also has a comprehensive insurance policy to cover any losses or damages due to theft, natural disasters, or other unforeseen circumstances. All the metals stored in their vaults are also fully insured for respective market values.
Pricing and Fees
When it comes to pricing and fees, Kingdom Trust offers competitive rates.
Standard Fee Schedule
There is a one-time account establishment fee of $50 and an annual fee based on the asset value held in the trust.
The annual fees start at $195, plus a variable amount depending on the tier of asset value in the account: .0031 for up to $50,000; .0026 from $50,001 to $100,000; .0023 from $100,001 to $150,000; .0021 from $150,001 to $250,000; .0019 for up to half a million dollars; and .0018 for anything over one million.
Those with more significant holdings are eligible for even more attractive negotiable options.
Precious Metals Fee Schedule
The Account Establishment Fee is a low $50, while the Annual Fee (due at setup and annually after that) is just $75. In addition, when executing transactions, the Transaction Fee is only $40. Lastly, storage fees are an affordable $100 minimum ($1.00 per $1000 of asset value).
Single-member LLC Fee Schedule
For just a one-time Account Establishment Fee of $50, you'll be set up for success. An Annual Fee of $100 is assessed each year, and a small Transaction Fee of $25 applies to every transaction. To terminate your account, there's a Termination Fee of $50.
Crowdfunding Fee Schedule
Opening an account costs $50, and the annual fee for one asset account is $100. Additional assets incur a fee of $50 each, with a $350 cap on all additional asset fees.
The company also charges $50 per transaction and $40 for processing needs throughout the year. Finally, any termination of an account in the first year has a fee of $100, while after the first year, there will still be a termination fee of $50.
Kingdom Trust offers excellent customer service. The company's team is highly professional and knowledgeable, and they are always available to answer any questions you may have about your account or investments. They can be reached via phone, email, or live chat during regular business hours.
In addition, the team provides a wide range of educational resources to help customers better understand gold IRAs and other investment options. This makes it easy for customers to get answers quickly to make informed decisions regarding their retirement savings plans.
Pros & Cons of Kingdom Trust Gold IRA
Kingdom Trust's Gold IRA is an excellent option for those looking to invest in gold and other precious metals. The company offers quality customer service, low fees, and a secure platform. Kingdom Trust is an excellent option if you're considering investing in gold. Get started by visiting their website today.
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