2017 Self-Directed Roth IRA Contribution Limits To Remain the Same as 2016
The 2017 Self-Directed Roth IRA maximum contribution will remain the same as 2016. If you are under the age of 50, the maximum Self-Directed Roth IRA contribution for 2017 will be $5500. As you can see, this is the same as 2016. If you’re over the age of 50, the maximum Self-Directed Roth IRA contribution for 2017 will be $6500. Again, the same as 2016.
The Self-Directed Roth IRA LLC Solution
A Self-Directed Roth IRA LLC allows you to make traditional investments as well as non-traditional investments. With IRA Financial Group’s Self-Directed Roth IRA LLC, a special purpose limited liability company, or an LLC, is created. The Roth IRTA will own 100% of it, while you or a third party manages it.
There are many benefits to using an LLC. First, the LLC acts as a passthrough entity for tax purposes. The owner of the LLC is subject to the tax, not the LLC. However, IRAs are exempt from tax, as per Internal Revenue Code Section 408. So, in most cases, all income and gains the Roth IRA LLC generates goes back to the Roth IRA tax free.
Additionally, the LLC investment vehicle allows the IRA owner to take more control of his or her retirement funds by keeping the Roth IRA funds at a LLC bank account and not with a far away custodian. In essence, this offers “checkbook control” and more flexibility to make investments.
A Variety of Investment Opportunities
With a Self-Directed Roth IRA LLC, you can invest in practically any opportunity. This includes:
- domestic or foreign real estate (rentals, foreclosures, raw land, tax liens etc.)
- private businesses
- precious metals (i.e. gold or silver)
- hard money
- peer to peer lending
- stock and mutual funds
No Transaction Fees – Hassle Free IRA Investing
You have more power with a Self-Directed Roth IRA structure. This makes IRA investing hassle free. You can now act quickly on any investment opportunity that presents itself to you. Just write a check or wire the funds from your Self-Directed Roth IRA LLC bank account to make any investment.
A Self-Directed Roth IRA LLC structure will help you save a significant amount of money on custodian fees. With a Self-Directed Roth IRA LLC, you no longer have to pay excessive custodian fees based on account value and transaction fees. Instead, a passive custodian transfers your Roth IRA funds where you can make investments. This is completely tax free.
Why Work With the IRA Financial Group?
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers. We have experience working with some of the largest law firms in the USA, including Case LLP, Dewey & LeBoeuf LLP. Throughout the years, our team has helped thousands of clients establish IRS compliant Self-Directed IRA LLC solutions. Our experience and knowledge makes us a wise choice for your financial needs. Contact us today to learn more about our services.
Did you know?
To take a distribution from a Self-Directed Roth IRA LLC, funds must go to the IRA custodian and not from the LLC.