Select the Best Self-Directed IRA Option

by | Apr 18, 2024 | Self Directed IRA




On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss self-directed retirement plans, and how to choose the right one. Is the regular Self-Directed IRA good enough, or should you opt for the Self-Directed IRA LLC with checkbook control? Deciding when you want to pay taxes will help you choose from the traditional, or pretax, IRA versus the after-tax, Roth IRA. Finally, Adam will discuss the Self-Directed Solo 401(k) plan, and why it’s possibly the best retirement plan for the self-employed.

Join us LIVE on Tuesday, October 4th at 12PM EDT!

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.

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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IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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When it comes to planning for retirement, many individuals are looking for ways to maximize their savings and investments. One popular option that has gained traction in recent years is the self-directed IRA. A self-directed IRA offers investors more control over their retirement funds by allowing them to choose from a wide range of investment options beyond traditional stocks, bonds, and mutual funds.

However, with this added control comes added responsibility. Choosing the right self-directed IRA solution is crucial to ensuring that your retirement savings are safe and secure. Here are some key factors to consider when selecting a self-directed IRA provider:

1. Trustworthiness and Reputation: Before opening a self-directed IRA account with a particular provider, it is important to do your due diligence and research their reputation. Look for providers that have a solid track record of customer satisfaction, transparent fees, and reliable customer service.

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2. Investment Options: One of the main benefits of a self-directed IRA is the ability to invest in a wide range of alternative assets, such as real estate, precious metals, private equity, and more. Make sure the provider you choose offers the investment options that align with your retirement goals and risk tolerance.

3. Fees and Expenses: Different self-directed IRA providers may charge different fees, such as account maintenance fees, transaction fees, and asset holding fees. Be sure to carefully review the fee schedule of each provider to ensure you are getting the best value for your money.

4. Security and Compliance: Given the increased complexity and risk associated with self-directed IRAs, it is important to choose a provider that prioritizes security and compliance. Look for providers that have robust security measures in place to protect your assets and ensure compliance with IRS regulations.

5. Support and Education: Investing in alternative assets through a self-directed IRA can be a complex process, especially for those who are new to the concept. Choose a provider that offers educational resources, such as webinars, guides, and personalized support to help you navigate the ins and outs of self-directed investing.

In conclusion, choosing the right self-directed IRA solution is a crucial step in building a secure and diversified retirement portfolio. By considering factors such as trustworthiness, investment options, fees, security, and support, you can ensure that your retirement savings are in good hands. Take the time to research and compare different providers to find the one that best suits your financial goals and needs. With the right self-directed IRA provider by your side, you can take control of your retirement savings and set yourself up for a comfortable and financially secure future.

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