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CamaPlan is an independent, self-directed IRA administrator with corporate headquarters in Ambler, Pennsylvania.
This company offers Individual(k) plans, four different types of IRA accounts, and two other spending accounts. Additionally, they provide Inherited IRAs.
CamaPlan also provides alternative investment opportunities in five essential categories in addition to these accounts.
These alternative investment opportunities include real estate, mortgage loans, gold and other precious metals, private placements, tax liens, and more. There will be more information about these accounts throughout this review.
After reading this review, investors will better understand all the plans and costs associated with working with CamaPlan.
In addition, they will understand how and why this small investment brokerage can compete against more prominent discount brokerage firms and other self-directed IRA providers.
Before we get started with this review:
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About Camaplan
CamaPlan aims to assist clients in making their own financial decisions for retirement. Clients have more options than just stocks, bonds, and mutual funds.
CamaPlan takes pride in providing clients with the knowledge and diversity of a business founded by and for investors. Investing in a CamaPlan IRA is all about considering various possibilities.
By selecting a CamaPlan IRA, investors can access a wide range of options for their long-term retirement planning. They also help with government reporting and regulatory compliance.
CamaPlan Founders and Management Team
Veteran investors Carl Fischer and Maggie Polisano established CamaPlan as a business run "for investors, by investors."
Since its founding in 2003, CamaPlan has established a strong reputation for its knowledge of various investment strategies and options.
Carl Fischer
CamaPlan founder Carl Fischer is the third generation of the Fischer family to work in the real estate industry as a developer. Mr. Fischer began investing while working as a rocket scientist for the Kennedy Space Center in the 1970s.
He holds a degree from Cornell University. Carl Fischer has directly overseen real estate transactions totaling more than $20 million. His holdings include residential and commercial real estate, mortgages, notes, and other obligations.
He has been able to raise his net worth and have control over several projects with self-direction tools at his disposal.
He has also spoken about the potential of IRA, 401(k), and qualifying plan self-direction to various audiences, including real estate investors and CPAs, brokers, financial advisors, and mortgage experts.
He also has investments up and down the east coast of the United States. Mr. Fischer is an important voice in his clients' success in directing their financial futures because of his distinctive background, education, experience, and empirical knowledge.
His extensive knowledge includes business, finance, technological requirements, scheduling, and overall management.
Mr. Fischer is a Certified IRA Services Professional (CISP) and a Certified Trust Specialist (CTS). He also has certifications as a real estate and continuing education instructor.
Maggie Polisano
Maggie Polisano is Carl Fischer's colleague and a fellow primary owner of CamaPlan. She is also a third-generation real estate developer and a Villanova University graduate.
Ms. Polisano provides clients with real estate planning, tax avoidance strategies, and general investing guidance. Ms. Polisano is a Certified IRA Services Professional (CISP) and a Certified Trust Specialist (CTS).
Ms. Polisano has strong residential property development and investing expertise in New Jersey, Pennsylvania, and Florida. She also has a proven record of making highly profitable real estate transactions.
She helps clients understand tax minimization strategies when investing in mortgages, notes, options, and other real estate transactions.
She also assists individual investors, and business owners choose suitable financial plans to help them reach their financial goals.
CamaPlan Accounts
Here is a brief description of each type of account CamaPlan offers:
Investors can enjoy the tax advantages of retirement savings with a traditional IRA through CamaPlan. They can also obtain income tax write-offs throughout their yearly contributions.
CamaPlan's Traditional IRA is an individual tax-deductible account. However, retirement distributions are taxed. There are no income limits to open a Traditional IRA.
Investors can make post-tax contributions for their retirement through a Roth IRA. The main difference between a traditional IRA and a Roth IRA is that Roth IRA contributions are not tax-deductible.
Yet, distributions at retirement are tax-free. A Roth IRA account is an excellent option for individuals who anticipate being in a high-income tax bracket when they retire.
However, there are income limits investors need to be aware of before opening a Roth IRA.
Unlike the Traditional and Roth IRAs for individuals, the SEP IRA is a retirement account for businesses. SEP stands for Simplified Employee Pension. Contributions to a SEP IRA are tax deductible, but the distributions are taxed.
A company can match an employee's contribution to a SEP IRA. Also, there are no income limits for an employee to open a SEP IRA. Employees must ask their employer about establishing this type of retirement account.
The SIMPLE IRA is another retirement account for businesses. Small and medium-sized firms can provide retirement planning services to their employees through a SIMPLE IRA.
Contributions to a SIMPLE IRA are tax deductible, but the distributions are taxed. Plus, there are no income limits to establishing this type of retirement account.
Many companies give their employees the option of choosing the financial institution that will handle the plan's administration. Selecting CamaPlan has the experience and expertise to set up these plans for employees.
Individuals may choose to give their IRA to a loved one when they pass away. As the name implies, an Inherited IRA is for individuals who claim an IRA as an inheritance from a loved one.
Investors who are the account's beneficiaries still need an administrator like CamaPlan to oversee the money and investments in the account.
Other Investing Options with CamaPlan
The account types offered by CamaPlan are typical among self-directed IRA providers. However, CamaPlan offers other investing choices to its clients to give them access to alternative assets that will advance their retirement goals.
Here is a closer look at some of these alternative asset investing options:
Investors view gold and precious metals as a hedge against inflation and economic downturn. Many financial experts agree that asset diversification is the secret to success in investing.
They advise buying gold and precious metals to diversify investments to lower investment risks.
You can buy any real estate with your CamaPlan self-directed IRA, including single-family homes, multi-family homes, apartment complexes, co-ops, condos, commercial real estate, and land.
A CamaPlan self-directed IRA enables you to make loans like a bank through mortgage notes. You get to pick the borrower, principal sum, interest rate, term duration, and frequency of payments with mortgage notes.
Entrepreneurs help to build The American Dream for themselves and others. They helped create a nation with great ideas and hard work.
However, even the most talented entrepreneurs require working capital to launch or grow their businesses. Investors can provide working capital to entrepreneurs through private lending.
When someone is delinquent on their real estate taxes, the government puts a tax lien on their property. Local governments do not like being behind on tax collection.
Therefore, if they are having trouble collecting taxes on real estate, they can sell the tax debt to an individual investor with a CamaPlan account.
The investor will receive interest on their investment and obtain the title to the property if they do not pay the tax lien in full.
Private investors and corporations of all sizes have access to a wide range of account types and investment opportunities beyond stocks, mutual funds, bonds, and other traditional investments.
CamaPlan Fees
CamaPlan is transparent about its charging philosophy. CamaPlan's fee schedule is available on its website. When opening a CamaPlan account, investors should consider a few factors when assessing CamaPlan's fees.
The company has a guarantee that cash-only accounts have no maintenance or yearly fees. Instead, the investor pays to maintain an account once they purchase an asset. As a result, the investor only pays for the services they use.
They can then concentrate on performing their due diligence when buying an investment and not be concerned about how much it will cost them before they make a purchase.
In addition to no annual or maintenance fees until you purchase an asset, CamaPlan offers these fee options:
Two fee structure choices:
These are the two fee options for accounts. The number of assets in your account or your account's value will determine how much you will pay in annual maintenance fees.
As your account grows and your wealth increases, you have the power to adjust your fee selection easily.
Fees for Precious Metals
The annual maintenance fee for the precious metals pricing structure is value-based. The annual fee is a minimum of $160 and a maximum of $280.
The value of your precious metals is multiplied by.0015 to determine the depository storage fees and insurance for your metals. Payment for these fees occurs in January of each year.
CamaPlan will adjust any additional expenditures for storage and insurance (caused by a rise in the value of the metals) or when the investor sells the asset in January of the following year.
Investors can use credit cards, debit cards, and bank accounts to pay fees. However, all credit card transactions are subject to a 3.5% convenience fee. Additionally, clients can lower their costs by referring new clients to CamaPlan.
CamaPlan's offices are open from 9 AM to 5 PM, five days a week. CamaPlan's. The business does have a toll-free line, and like many self-directed IRA providers, they do not charge for basic setup assistance.
Cama Academy
CamaPlan offers educational opportunities to help clients make informed investment decisions. Many experts advise investors to concentrate on possibilities in their fields of expertise.
Focusing on their area of expertise gives investors an advantage because of their unique understanding of the real estate market, the precious metals market, a brilliant business idea, a budding entrepreneur, or their employer's sector.
Yet, expanding and diversifying their knowledge base can help individuals and businesses make wise investing decisions outside their areas of expertise. Investors can accomplish their investment objectives with the aid of Cama Academy.
Cama Academy enables investors to expand their investing knowledge base with articles, videos, and interactive webinars and seminars.
Cama Academy is an ongoing educational program that brings together experts in the creation, management, and taxation of retirement and savings plans.
It also brings together thought leaders from various financial sectors, including debt financing, venture capital, precious metals, real estate, and venture capital.
Investors learn how to recognize possibilities, assess their potential, and carry out transactions in traditional and non-traditional markets per federal and state regulations for tax-advantaged savings accounts.
The key to acquiring knowledge, insight, and familiarity to implement an investing strategy and safeguard your financial future is education.
Cama Academy seeks to deliver this knowledge through live lectures, webinars, online seminars, workshops, articles, films, court cases, and Q&A sessions.
In addition, clients and their professional advisers can explore IRS rules and regulations and federal and local legislation through Cama Academy initiatives, view other investment types, and learn about new investment methods.
Cama Academy encourages hiring reputable professionals and is licensed to provide continuing education to a wide range of professionals nationwide, including lawyers, accountants, financial planners, realtors, and appraisers.
Most Cama Academy activities are cost-free. They will also set up an individual phone or in-person sessions to accommodate your schedule.
Final Thoughts
CamaPlan is a choice for opening a self-directed IRA account. The two owners have decades of combined successful investing experience.
However, they work with investors to help them achieve their investment goals and give them access to alternative assets at acceptable rates and fees.
Plus, the reasonable fees enable investors to keep more of their money. Investors may find CamaPlan to be the best option if they want to work with a small firm that will meet their individual needs.
Yet, investors should consider comparing CamaPlan with other IRA providers to determine the best provider for their financial needs.
CamaPlan is a decent company, but we do not recommend them for precious metals investors.
They are not the best option for investors looking to protect their wealth with an IRA that can hold physical precious metals, like other companies we have written about in detail on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
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Or, if you like what you have read about CamaPlan, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
