Silverstone Announces the Benefits of Setting Up a Self Directed IRA
Silverstone, a professional investment firm, specializes in assisting individuals with the establishment of a self-directed IRA LLC, which is also commonly known as a real estate IRA. To raise awareness the firm has issued 10 reasons to get started.
Online, June 1, 2013 (Newswire.com) - The firm announces the benefits of setting up a self managed IRA for a broadened investment scope. Recent studies have shown that the average holding period for stocks and other publicly traded securities has dropped from over seven years in the 2004 to 2006 time frame to just over one year in the more recent years. This figure alone illustrates the movement from the more traditional route of retirement planning to the more active and involved route available through the self-directed IRA. In order to raise awareness of the investment tools available to the public Silverstone has announced the following six reasons why investors could benefit from a self directed IRA.
1. Investing in the know,: Many people like to invest in opportunities that are familiar. The self-directed IRA allows investors to make those investments regardless as to whether these are private or public opportunities.
2. Extreme tax advantages: Many investors that are pursuing opportunities are doing so without the essential need for the money today. These investors could find the investments to be much more lucrative and capable of turning over more money if it were not for Uncle Sam's portion continually being cut out. The self-directed IRA allows the investment to grow tax-free while still as liquid and manageable as if it were coming out of the investor's personal checking account.
3. Utilizing existing knowledge: Investors who have valuable experience with investing in real estate can do so behind the name of the IRA's LLC. This allows the investor to increase the funds that will be held for personal retirement in the future, no matter how near or distant that time may be.
4. Source of Lending: As long as the deal is in the best interest of the IRA investors can lend the funds from the IRA to a qualified person as a mortgage or other forms of promissory notes.
5. Private business opportunities: With this account one can invest in private business capital raises with the funds from your IRA. These opportunities can be some of the most lucrative.
6. Stimulating the local economy: Investing in real estate and private businesses in a local economy can stimulate local growth helping friends and family in a round about way without committing a prohibited transaction.
7. 401(k) rollovers: Investors can roll the funds in an existing 401(k) or IRA into the new self-directed IRA leaving hundreds of thousands of dollars for investment.
These are just a few of the benefits of a self directed IRA. For more information on how this account structure works visit the company website or contact one of the Silverstone professionals.
