Get Started with a Self-Directed IRA
A Self-Directed IRA is no different than an IRA that you see offered at your local bank or credit union. The “Self-Directed” option, however, allows you to invest in assets that are not necessarily found in the traditional market place. The type of account that you may open is completely based on your needs.
Keep in mind, however, the IRS does state that there are certain investments that you are unable to make within an IRA. These are known as Prohibited Investments / Transactions. For more information on Prohibited Transactions, please click here.
A common misconception is that your account may only hold one type of asset. This is wrong!
Your single account can hold as many assets as you see fit.
How does the process work?
What kind of Investment Options are available to me?
Ultimately, the IRS only states what you can’t do, leaving a plethora of investment options available to you. These are just a few of the types of assets we have seen our clients invest in:
- Real Estate
- Limited Liability Companies
- Precious Metals
- Market Linked CDs
- Promissory Notes
- Life Settlements
- And more!