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A Self-Directed IRA Can Purchase Precious Metals Approved Under the Tax Code
One of the most popular alternative investments with a self-directed IRA LLC is precious metals. Just as you can own real estate in your IRA, you can also legally invest in gold, silver, platinum or palladium bullion and certain coins.
While holding gold, silver or allowed coins in your IRA can make a great investment, investors need to approach the precious metal asset class with caution.
Prohibited transactions and disqualified persons are topics that every self-directed investor needs to be thoroughly familiar with
The terms are ominous enough - prohibited transactions and disqualified persons. To self-directed investors, they are two things that must be avoided.
The Internal Revenue Code is exclusive in nature in that it doesn't tell investors what they can invest, but only what they can't. For every IRA, there are people and entities that are disqualified from transacting with the retirement plan. IRS rules do not allow the IRA to deal with these people and entities.
A self-directed Roth IRA is the perfect savings vehicle for many people
The self-directed Roth IRA is the answer if you have earned income and need a plan for building wealth for the future. Saving for retirement is often said to be complicated, but it doesn't have to be rocket science.
An IRA gives you tax benefits and allows you to enjoy the power of compound interest. And besides, opening a Roth IRA is not that much different than opening a checking account.
A Self-Directed IRA LLC gives you complete control over your retirements savings investment
A self-directed IRA LLC is a very effective retirement savings tool. It gives you the power to invest in traditional assets such as stocks, bonds and mutual funds.
But the real power comes from having the ability to invest in alternative assets such as real estate and precious metals.