Almost everyone knows that the tax benefits that go along with a Roth IRA are appealing. Some people, though, are not happy with the way these funds are managed; a small minority of people likes to be in complete control of their finances. There is also the fact that the requirements placed on a Roth IRA are fairly strict.
This is where a self directed IRA LLC comes into play. With a self directed IRA you can enjoy the tax benefits without having to deal with the other things that go along with it. First, it requires the formation of a limited liability corporation that will act as managers of the account. The person who puts money into the account is then assigned as manager. This is a work-around of the law and is perfectly legal. This will allow you to invest for your retirement tax-free, without the hassles attached to a traditional IRA.
There are some considerations to be made when setting up your self directed Roth IRA. You may need some help, or at least some advice, when setting this up. Be sure to do your research when finding the right advisor to help you with setup. This will cost you a little bit of money, but the benefits in the end should more than make up for it. Make sure the quality of the adviser helping you is there, because your future and retirement rely on it.
Otherwise, if you are already experienced in trading, you can handle your self directed Roth IRA on your own. Well-researched investing and trying not to take big risks are the keys. If you are not experienced with trading, you should probably set up an account with play money to try to get a feel for things. You do not want to not know what you are doing and mess up your future in the process.
All in all, if you go into a self directed IRA LLC knowing what you are getting into and with the proper amount of preparation, you and your family could end up reaping the benefits for years to come, with financial stability for all.