SELF DIRECTED RETIREMENT ACCOUNTS

A classic individual retirement account (IRA) is a means of putting money aside for retirement. Contributions are tax deductible (depending upon your income) up to $5,500 each year, and the money is taxed when it is taken during retirement. A Roth IRA is comparable to a traditional IRA, with the exception that contributions are paid after taxes and withdrawals are tax-free.

Traditional IRA contributions are often invested in equities, bonds, or mutual funds. The difference between a traditional IRA and a self-directed IRA is that you have more investment options with a self-directed IRA such as putting your money in real estate private company stock, precious metals, intellectual property, private market securities, and others.

The conclusion is this: A self-directed retirement account may be perfect for you if you desire the benefits of an IRA but want more control over where your money is invested.

See all of The Second Estate’s tax strategies and find out which tools work best for your assets.