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Tag: self directed ira benefits

Various Benefits of a Self Directed IRA LLC

An IRA LLC comes with the numerous benefits when compared with the services of a custodian that you need to hire for handling your investments. With an IRA LLC, you get a complete control over your investments wherein you have numerous exciting options, such as non-recourse loans for investing in the real estate. Actually, a self directed IRA owns the shares of a limited liability company (LLC), and this makes it possible for you to successfully route your transactions through it instead of routing it through an IRA. In a self directed IRA LLC, you get complete control over your finances, and you can make any investment in a quickest possible way as compared to a custodian.

A Self Directed IRA LLC: Control Your Future

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.

Best Reasons for Having a Self Directed IRA

Having a self directed IRA is important for independent business owners, because a self directed IRA provides financial stability. Some self-employed people have no idea they can still enjoy the benefits a self directed Roth IRA has to offer.
A self directed Roth IRA allows a person to use retirement funds to invest in real estate, businesses, precious metals, oil, and other commodities. Self directed IRA real estate investments can help any retirement account to explode with profits. Real estate makes a great investment for a solo 401K, because individuals can live within real estate while it accumulates value. In addition, real estate foreclosures are usually very affordable and can be a profitable way to start off any solo 401K retirement account.