Self Directed IRA
Self Directed IRA allows for a broader range of investments. The retirement accounts offered by banks and brokerage houses limit the types of assets you may invest in; the options are usually restricted to what the financial institution sells-stocks, bonds, mutual funds. Self-directed accounts allow for a much wider array of both traditional and nontraditional investments, such as real estate, precious metals, hedge funds, commodities, private placements, and much more.Self-directed IRAs come in all types. They may be Traditional or Roth (for individuals), SEP (for the self-employed) or SIMPLE (for business owners and their employees). You may also self-direct the holdings in a health savings account (HSA), a Coverdell Education Savings Account, or a 401(k) if your employer allows this as part of its plans.
Permalink Submitted by Jose Morales on Thu, 2014-01-02 17:15
Is the company you work for an IRS approved non-bank custodian or do you use a bank to act as your nominal custodian?
Permalink Submitted by Nasima Khanam on Fri, 2014-01-03 04:33
I suggest the IRA LLC method, this will allow an investor to have checkbook control and more flexibility than they would making transactions directly through a custodian. Of course you always need to utilize a custodian when you have a self-directed IRA. Most self-directed IRA custodians who will hold an IRA LLC are trust companies, which meets the definition of a Bank under section 408. For more information on the IRA LLC method visit http://www.irallc123.com.