SilverStone Provides Self-Directed IRA Setup at a Discount
Online, May 6, 2013 (Newswire.com) - Traditionally Self Directed IRA startup costs can equate to $6,000 or higher depending on the services required to set up the account. As some clients require the transfer and rollover of multiple IRAs and 401(k)s the expected costs can fluctuate quite dramatically. However, investors can expect an extremely competitive rate as they engage the SilverStone experts' services.
Self-Directed IRAs - Diversifying Portfolios
Self directed IRAs are the doorway between private investments and tax sheltered retirement accounts. Typically 401(k)s and IRAs are managed by third party mediators that large mutual funds. This means that it is extremely difficult for these accounts to get involved with the private markets because of the level of involvement required between each deal. This is not a problem with the public markets because of the liquidity from volume that is present in the public markets.
The self directed IRA leaves the management of the funds in the hands of an LLC owned by the IRA. The owner of the IRA is the manager of the LLC. This unique structure opens the opportunity for investors to purchase real estate, private businesses, tax liens and many other lucrative investments.
This is truly one of the most effective ways to diversify a portfolio because it opens the opportunity for investors to actually own land in an IRA. Many people wonder how to invest in real estate with an IRA. The Self directed IRA, which is commonly known by its nicknames "Real Estate IRA" or "Checkbook IRA," is the answer to that connection.
Benefits of Setting Up a Self-Directed IRA
There are many reasons to set up a self-directed IRA. The list below illustrates a few of the reasons investment professionals begin these account types:
1. Nimbleness: This account structure allows the account holder to manage and hold the checkbook for the account. This makes the funds of the account particularly liquid becuase there is less reporting to a custodian with little paper work. This opens the door to take advantages of short sales and foreclosures before the owner of the property loses it to the bank.
2. Private Investments: There is an uncountable number of investment opportunities available to private investors. If an investor is going engage in these opportunities that person might as well gain the tax advantages.
3. Tax Shelter: This account structure allows the investor to invest pre-taxed dollars and watch them grow only to be taxed upon retirement-tax deferred is very beneficial. It also allows investors to invest taxed dollars to grow and be withdrawn and used without further taxation.
This is a particularly conservative list, for more information view SilverStone's list of 10 reasons to start a self directed IRA. For more information on the personally manage accounts click here.
