Paid to Play

All IRAs are not the same. A standard IRA and a standard self directed IRA are handled by a broker or custodian. Though it is your money, your private investments, securities and deposits are under their in-house polices.

You may even be informed that these restrictions are established to observe the law. The plain truth, however, is that the law merely limits something that might circumvent the purpose of holding an IRA, which is to build funds for your retirement. Besides that restriction, you aren’t bound by any of the other rules enforced upon you by the financial institution regulating your account.

Thankfully, with a truly self-directed IRA LLC, you’ve got checkbook control and are free to decide how, when, and where you’ll invest your funds. Although you will continue to have a custodian and you still have to observe their regulations, you’re not limited by interference from custodial oversight and needless delays due to bureaucracy.

Here, then, are 10 tips to gain from a truly self-directed IRA:

1. As you have checkbook control, you could be flexible in making an investment in whatever you want when you wish to get it done. With the restrictions of accounts managed by IRA custodians, you wouldn’t be able to make individual real estate investment properties.

2. You can enjoy the tax-free or tax-deferred benefits of keeping an IRA.

3. You are not confined to only those investments offered by the broker. You may, if you want, invest money in a private organization, precious metals like gold and silver, natural commodities like coal and oil, or even good investment vehicles like real estate properties.

4. You’ve got a unique tax advantage over other investors, which is notably helpful if you are vying for a margin.

5. You’ll be able to move quickly on a time-sensitive investment, without a bureaucratic delay to have your money released to you. You can write a check or have funds wired from your bank account.

6. Your account is straightforward to operate and deal with as you have very little IRA custodial interference and are free to make your own investment decisions based on your research on exactly what is the best investment opportunity right now.

7. You might be able to take full advantage of investments related to foreign assets.

8. You’ve got increased defense against people who might have an eye on having your money, specifically collectors or litigators.

9. You have to deal with fewer paperwork than those who have regular IRAs or regular self directed IRAs, and this quicker processing means that you could get in and out of financial opportunities fast. This is especially handy when dealing in a cut-throat financial market.

10. You can easily be in a number of markets at the same time and steer all the gains to one combined account.