The term self-directed IRA sounds simple enough, right? Isn't it about gaining freedom over your own destiny? Well maybe not so simple! When you call self-directed IRA providers you find many different strategies, restrictions, fees and organizations, all of which seem to claim they have exactly what will suit you. Sound familiar? In an industry [...]
Putting real estate in your IRA can be a good way to earn a solid return that you can keep your eye on, but the mechanics of buying, holding, transferring and selling real estate in an IRA can vary depending on your self-directed IRA custodian. A typical process of buying real estate through a self-directed IRA [...]
As you do research on this subject, the more you’ll see that IRS code allows for a wide open area of freedom with Individual Retirement Accounts and in fact, it’s not federal government that discourages self-directed IRAs – it’s the Wall Street firms that wish to maintain control of your retirement account. After all, by [...]
When it comes to what type of structure to place your Individual Retirement Account into, you should first examine the options: C Corporations are double-taxed entities. When a C Corporation gets a profit, it needs to be filed with the IRS and pay tax on that profit. The investors of a C Corporation will also [...]
With a self-directed IRA you can make investments of your own choosing. If you have an IRA LLC with checkbook control there is even more freedom to invest in what you want when you want to. However, before investing with a self-directed IRA it is imperative to understand the rules. Most self-directed IRAs have in [...]
There are many benefits to having a New Standard IRA (IRA LLC) vs. just going with a custodian that allows your IRA to choose specific investments. Here are a few benefits your IRA LLC has over conventional IRAs: Flexibility: A New Standard IRA (IRA LLC) allows ultimate flexibility. When it comes to IRA investments; the [...]
Individual retirement accounts are required to be held at an institution that meets the requirements of being a Trustee or Custodian under IRC Section 408. The difference between a Trustee and a Custodian can be confusing, especially when dealing in the world of IRAs. A trustee is an institution that has fiduciary control over the [...]
An Individual Retirement Account, otherwise known as IRA (named after Ira Cohen, an IRS Actuary who helped design the plan guidelines), is a tax advantaged trust allowed under US Code Title 26 (Internal Revenue Code) Section 408 (Individual Retirement Accounts and Annuities). Much like other plans under the Employee Retirement Income Security Act (ERISA), i.e. [...]
