Self directed retirement plan fee schedules
In this post we give agents a look at some Self directed retirement plan fee schedules. You can use custodial accounts such as the ones listed below for self directed IRA’s.
A Self-Directed IRA is not much different than any other IRA, however a self-directed IRA is unique because of the increased amount of investment options available and the investing direction comes from the owner of the custodial account.
Some IRA custodians only allow investing in stocks, bonds, mutual funds and CDs. Others, allows those types of investments in addition to real estate, notes, private placements, tax lien certificates and much more.
What are the potential benefits of a Self-Directed IRA?
You are able to put your tax-advantaged retirement dollars into investments you both know and understand. The purpose of the custodial account is to keep the money tax qualified. As a result, there will not be any taxable event until the money is actually taken out of the account.
How long have self directed IRA’s been around?
Self-directed IRAs may seem like a recent phenomenon. In fact, they have been around since the IRA was first established in 1974. The IRS has always allowed people to use investment alternatives to stocks, bonds, as well as mutual funds. To learn more about this, see IRS Publication 590. Self-Directed IRAs have not received a lot of attention. This is because many custodians who offer IRAs (banks and brokerage firms) typically offer clients more traditional investments.
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