Learn how the Self-Directed Roth IRA works, and the benefits of the plan, in under one minute.
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IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

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The self-directed Roth IRA is a valuable tool for individuals who want more control over their retirement savings. Unlike traditional IRAs, a self-directed Roth IRA allows you to choose your investments and potentially enjoy tax-free gains in the future. In just 60 seconds, we will explain how you can master this type of IRA.

Firstly, it is important to understand the basic concept behind a Roth IRA. With a self-directed Roth IRA, you contribute after-tax income, which means you won’t get an immediate tax deduction. However, the benefit lies in the fact that all qualified withdrawals, including the gains you make, are tax-free. This powerful feature can make a significant difference in your retirement income.

To master a self-directed Roth IRA, you need to know how to select your investments wisely. Unlike traditional IRAs, which often limit you to stocks, bonds, and mutual funds, a self-directed Roth IRA lets you invest in a wide array of assets. This includes real estate, private loans, precious metals, and even startup companies. By diversifying your investments, you can potentially enhance your returns and mitigate risks.

However, keep in mind that with the freedom to choose comes the responsibility to conduct thorough research. Investing in alternative assets can be complex, and it is advisable to seek professional guidance if needed. Nonetheless, the ability to invest in assets beyond the traditional investment market opens up new possibilities for growing your retirement savings.

Another key aspect of mastering the self-directed Roth IRA is proper record-keeping. Keeping meticulous records is important for tax purposes, as you will need to report contributions, withdrawals, and any gains or losses made within the account. Additionally, maintaining accurate records helps you stay on top of your investments and evaluate their performance.

Lastly, remember that contributions to a self-directed Roth IRA have income limitations. As of 2021, individuals with an adjusted gross income of more than $140,000 (or $208,000 for married couples filing jointly) are ineligible to contribute directly to a Roth IRA. However, there are alternatives available, such as the backdoor Roth IRA, which allows high-income earners to indirectly contribute to a Roth IRA.

In conclusion, mastering the self-directed Roth IRA can offer you greater control and potential tax-free gains for your retirement savings. By understanding the basics, diversifying your investments wisely, maintaining accurate records, and being aware of income limitations, you can make the most of this powerful financial tool. Start exploring the possibilities and take charge of your retirement savings.