Self-Directed IRA Basics

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Self-Directed IRA Basics

What is an IRA?


 

An IRA, or an Individual Retirement Arrangement, is a tax-advantaged savings account that allows investors to save and invest for retirement.  Investors can choose from several different IRA account types to find the arrangement that best serves their individual retirement goals.

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What is a Self-Directed IRA?


 

“Self-directed” is a descriptive term used to distinguish any IRA that holds alternative assets, or assets that lie outside of the publicly-traded securities market. Any retirement account can be self-directed, as long as the account is held by a self-directed IRA provider

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Self-Directed IRA Benefits


 

Self-directed IRAs grant account holders the freedom and control to invest in any asset market in which they may have personal knowledge or experience. Self-directed IRAs hold the same tax-advantages as non self-directed IRA accounts.

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IRS Rules


 

The IRS sets forth all rules and regulations for IRA accounts. IRA investors can enjoy the tax advantages granted to IRAs, HSAs, and other types of retirement accounts, as long as they follow the parameters set forth by the IRS for that account type.

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IRA Disqualified Persons


 

Every IRA has a list of persons and entities that are considered disqualified from interacting in certain ways with your IRA. IRS rules prohibit the IRA from dealing with these people and entities. These prohibited parties are called disqualified persons.

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