What is a Self-Directed Roth IRA?
More and more people are realizing the importance of saving money for use during retirement. There are a few options for doing so, which in the United states, carry positive incentives from the government. One of these is the Individual Retirement Account (IRA). Traditional IRAs and Roth IRAs both provide tax incentives. One variation of the IRA is the self-directed Roth IRA, which allows its owners to use that money to determine where the money should be invested. Roth IRAs differ from traditional IRAs in that money deposited in regular IRAs is subject to taxes when it is withdrawn at retirement. Deposits can be made with pre-tax dollars, however. Roth IRAs are the opposite way when it comes to taxes. Deposits can only be made with after-tax dollars, but withdrawals are tax-free at retirement. Roth IRAs have significant advantages over traditional IRAs, however. Funds in a self-directed Roth IRA may be withdrawn tax-free at any time. Additionally, transactions that occur inside a self
A Roth IRA is a retirement account in which after-tax income is set aside each year. Limits are specified as to how much. Earnings on Roth IRAs grow tax free, and can be withdrawn tax free if the account owner is 59 ½ and the account has been open for at least five years. A self-directed ROTH IRA simply means that the account holder decides how to invest the funds. Benefits of a Self-Directed Roth IRA Following are five benefits of a self-directed Roth IRA. You Control the Account: As with all self-directed IRAs, you control how, when and what you want to invest in. You can take advantage of a plethora of investments opportunities. Among them, real estate, notes, tax liens, mortgages, stocks, bonds, mutual funds, etc. No Limit on Profits: There is no ceiling on the amount of profits a self-directed Roth IRA can earn. Imagine the benefit of this for your retirement portfolio. Tax-Free Investments: The profits from a self-directed Roth IRA are tax free upon withdrawal. When you consider
Structuring Business Ownership for Tax Savings $25 for morning session, $15 for evening sessions This course will explain the ways in which business owners can save taxes by using several underused tax strategies. Under the proper circumstances, Custom-designed Insurance policies, Self-Directed Pension and IRA’s, Employee Stock Ownership Plan (ESOP) and Voluntary Employee Benefit Association (VEBA) plans can provide millions of dollars in tax savings that can give business owners the extra cash necessary to retire years earlier. This course will also explain how to best protect your assets from frivolous law suits and will identify the most likely candidates to benefit from each of these tax strategies.
