![]() Next, you'll need to pay the IRS tax rules in order to enjoy the associated tax benefits of an IRA. If you have an IRA, your current brokerage might offer self-directed options but there are certain firms that specialize in this type of IRA. There are, however, a few additional rules to know about these accounts.įirst, investing in a self-directed IRA requires a custodian or trustee that can help with facilitating alternative investments. ![]() In short, a self-directed IRA can allow for greater diversification in your portfolio compared to the standard IRA options. Some of the investment options for a self-directed IRA include: What sets them apart is what you can use them to invest in. Self-directed IRAs are subject to the same tax rules and annual contribution limits as other IRAs. At first glance, that doesn't sound much different from a traditional or Roth IRA and in reality, it's not. Before making a decision on your investments, you may want to talk to a financial advisor who can help you reach your investing and retirement goals.Ī self-directed IRA is an individual retirement account that can be used to hold a variety of investments. Setting up a self-directed IRA LLC allows for flexibility when directing investment choices. Self-directed IRAs allow you to invest in the usual suspects-stocks, bonds and mutual funds-but you can also use them to hold alternative investments, such as real estate, cryptocurrency or precious metals. If you're looking for more variety when it comes to investing for retirement, you might consider a self-directed IRA (SIDRA).
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