Self-directed Retirement Account: What It Is And How It Can Benefit You

You have been retired for several years and are now looking towards new kinds of investments. You’ve invested in a condominium and you have also invested in stocks in the market. You have been hearing about self-directed retirement accounts and would like to learn more about it. Today, we will briefly discuss what a self-directed retirement account is and how it may benefit you.

Self-directed Retirement Account

A self-directed retirement account, otherwise known as a checkbook IRA, is an individual retirement account in which an individual establishes a private equity like an LLC. This means the individual who has a self-directed retirement account has complete signing authority over the account to access his/her retirement funds.

Benefits

Acquiring and establishing a self-directed retirement account offers many benefits. It may offer tax-deferred and tax-free investing in alternative assets that may include investments in real estate, notes, and other assets. This means it offers flexibility and freedom with a wide range of possible investments. You will have control and direct access to your retirement funds without the requirement of custodian consent, offering a cost-effective solution to the account’s administration. Since you will have direct access to your retirement funds, investment transactions can be quick and seamless.

Learn More

If you are excited to learn more about establishing a self-directed retirement account or checkbook IRA, then contact us. They are one of the nation’s leading independent self-directed IRA and 401(K) administration companies. They specialize in self-directed retirement account or checkbook IRA and record keeping services for individuals and small businesses. So when looking for expert professionals in self-directed IRA and 401(K), they are the ones to contact. Call or visit them at their website so you can gain control of your retirement funds with direct access, opening you to a new world of investment options today.

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