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Did you know you can set up your own Self-Directed IRA without ever leaving your house? With the all-new IRA Financial app, you can set up, fund and even invest with a Self-Directed IRA and never step foot in a bank. Practice social distancing and go self-directed!
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About IRA Financial:
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.
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Opening a self-directed IRA from the comfort of your own home has never been easier. With the advancement of technology and the availability of online financial services, individuals can take control of their retirement savings without ever having to step foot inside a traditional bank or financial institution.
A self-directed IRA is a type of individual retirement account that allows you to invest in a wide range of assets, including stocks, bonds, mutual funds, real estate, and even precious metals. Unlike traditional IRAs, which are limited to a selection of pre-approved investments, a self-directed IRA gives you the freedom to choose where to allocate your funds.
Here’s a step-by-step guide on how to open a self-directed IRA from home:
1. Research and choose a custodian: The first step in opening a self-directed IRA is to find a reputable custodian that can handle the administration and management of your account. There are several companies that specialize in self-directed IRAs, so it’s important to do your research and choose a custodian that aligns with your investment goals and preferences.
2. Complete the application: Once you’ve selected a custodian, the next step is to complete the application process. Many custodians offer online applications, making it easy to get started from the comfort of your own home. You’ll need to provide personal information, such as your name, address, and social security number, as well as details about your investment preferences and risk tolerance.
3. Fund your account: After your application has been approved, you’ll need to fund your self-directed IRA. This can be done through a variety of methods, including transferring funds from an existing retirement account, making a direct contribution, or rolling over funds from a 401(k) or another IRA.
4. Choose your investments: With your account funded, you can now start investing in a wide range of assets. Whether you’re interested in stocks, real estate, or alternative investments, your custodian will help guide you through the investment process and ensure that all transactions are compliant with IRS regulations.
5. Monitor and manage your investments: Once your self-directed IRA is up and running, it’s important to regularly monitor and manage your investments. This may involve conducting research, analyzing market trends, and making informed decisions to ensure that your retirement savings continue to grow over time.
In conclusion, opening a self-directed IRA from home is a straightforward process that can be completed in just a few simple steps. By taking advantage of online financial services and working with a reputable custodian, individuals can take control of their retirement savings and invest in a diverse range of assets – all from the convenience of their own home.
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Hi, do i have to be self employed to open an IRA?