Like an IRA, for 2013, an IRA holder may make a maximum annual contribution of $5500 or $6500 if the IRA holder is over the age of 50 to a self-directed IRA LLC structure. The annual IRA contribution along with the retirement rollover process are the two ways to fund a self directed IRA LLC solution. The IRA contribution can be pre-tax on after-tax (Roth).
In the case of a self-directed IRA LLC, the self directed ira maximum contribution for 2013 should be made directly to the IRA custodian – not the self-directed IRA LLC. Once the IRA holder has made the IRA contribution to the self-directed IRA custodian, the IRA custodian would then wire or send via check the IRA funds to the IRA LLC bank account.
Transfers and rollovers are types of transactions that allow movements of assets between like IRAs – Traditional IRA to Traditional IRA and Roth IRA to Roth IRA. An IRA transfer is the most common method of funding a Self-Directed IRA LLC or Self-Directed Roth IRA. In addition to IRA transfers of retirement account rollovers, the IRA holder can make a self directed ira maximum contribution for 2013 of $5500 or $6500 if over the age of 50.
To learn more about the self directed IRA maximum contribution for 2013, please contact a tax expert at 800-472-0646