Truly Self Directed IRA: Invest In What You Know
One way to take charge of your IRA or your 401k is by adding allowable assets and real estate. Using a self directed IRA, you can choose where you invest your IRA money. Real estate, for instance, is often considered a sound investment. Despite current economic fluctuations, many financial advisors still consider real estate investments as one of the best ways to generating wealth.
However, all IRAs are not the same and there is a difference between the traditional, customary IRA and a Self Directed IRA.
Traditional IRA Restrictions vs. Self Directed IRA Solutions
When you want to make an investment with a traditional IRA you must first get the approval of your IRA custodian. Securing this permission is subject to the policies of their company. In other words, you have to conform to their bureaucratic regulations. Often, in the real world of investing, this does not work out well because deals can be lost due to unnecessary delays. Alternatively, with a true self directed IRA, you are at complete liberty to follow your investment acumen without custodial red tape and uncalled for impedance.
Another thing to consider when comparing a run-of-the-mill IRA with a Truly Self Direct IRA is the question of fees. When you want your traditional IRA to review an investment deal you’re deliberating, you have to pay a custodial fee. Additionally, you may be charged a fee for making a transaction and on earning a profit. But that’s not all–some custodians even charge your account a holding fee. Conversely, with a self-directed account, you can retain control of your IRA funds. Since your funds are in an IRA LLC bank account, there is only a small, single, flat fee per annum. This means you keep more of what you earn during the life of your IRA account. Over the years, this amount can add up substantially.
By cautioning you about IRA rules and restrictions, this does not in any way imply that we oppose IRA custodians. In fact, we work with several excellent ones. Even when you reach the point where your IRA is completely self directed, your account will still need a knowledgeable and experienced custodian.
Benefits of a Truly Self Directed IRA
There are numerous benefits to having a Truly Self Directed IRA. Here are 8 for your consideration:
1. You can protect your assets from voracious creditors and ruthless litigators with an IRA LLC arrangement.
3. Your custodial fees will be cut down to a minimal. Your only self directed IRA fees are an annual fee, which will be set at the lowest rate in the business. You will not be asked to pay a transaction fee every time you request an investment check.
4. You can enjoy a tax free account using the tax-deferred, wealth-accrual plan of a self directed Roth IRA plan.
5. You can partner with an IRA LLC or with a self directed Roth IRA.
6. You can enjoy limited custodial intervention, and you’re free of administrative bureaucracy as well as additional transaction fees and holding fees.
7. You have complete control of your own checkbook and are the only signor. Once your self directed IRA LLC account is set, you will have everything you need associated with a business checking account, including checkbooks and debit cards.
8. You can diversify your self directed IRA investments with less paperwork. When you come across a promising real estate IRA or other investment, all you have to do is write a check. Moreover, you can do this without also requiring a self directed IRA custodian’s permission or paying a fee for the investment.
Self Directed IRA Investment Options
Numerous real estate investments are possible with a Truly Self Directed IRA, and these include:
• Raw Land
• Commercial Property
• Investment Property
• Foreign Real Estate
• Discounted Notes
• Tax Liens
And much more.
What’s more, investments can be made with a minimal of hassle. After your self directed IRA checking account has been set up, it is as simple as writing a check from your account to invest in real estate.
Whether it is real estate property investment or precious metal investment in gold bullion, you can grow your retirement assets exactly how you please. Yes, with a truly self directed IRA, you can secure your retirement nest egg any way that you want. You’re free to diversify your choice of investments like securing gold and silver; investing in mutual funds, stocks, or options; buying up tax liens or tax credits, and making loans as an angel investor. Your investment choices are virtually unrestricted and unlimited, minus the items that the IRS says are IRA prohibited transactions. Moreover, through the strategy of diversification you can reduce your risks and improve your profitability within your account. Since it’s your retirement and your money at stake, you can grow your investments in the best way you think fit, and the simplicity of the whole process is that making an investment is as simple as writing a check.
As someone who is in the habit of making good decisions, you should consider a self directed IRA as one of your most important wealth creation strategies. If you’re ready to find out more about self directed IRA rules, realizing tax deferred and tax free gains today, then simply pick up your phone right now and talk to a knowledgeable and experienced Truly Self Directed IRA Specialist at 1-877-252-6595.
