What is a self-directed IRA? The term self-directed simply means that the owner of the IRA has control over what alternative investments the IRA makes. By doing so, IRA owners are completely managing their own retirement futures … by investing in what they know and understand.
Advanta IRA offers all of the available types of retirement plans for your self-directed IRA. You can choose a traditional, Roth, SEP and SIMPLE IRA, or an individual 401(k). Education and health savings plans can also be self-directed – allowing you to invest in alternative assets to reach your savings goals.
Which self-directed IRA retirement plan is best for you?
SEP IRA – plan utilized by self-employed business people
SIMPLE IRA – a retirement plan designed for small employers to offer their employees
Individual(k) – a profit-sharing plan with a 401(k) option but designed to be less complicated and not as costly as a traditional 401(k)
HSA – created to help individuals and families save for qualified medical expenses on a tax-free basis
Coverdell ESA – similar to a Roth IRA, except funds must be used exclusively for paying education expenses for the beneficiary
These plans can certainly hold the traditional stocks, bonds, and mutual funds, but the myriad of alternative investments are what attract owners of these accounts. Self-directed IRA alternative investment options include real estate, mortgages and notes, private placements (such as LLCs and trusts), precious metals, foreign currency and futures trading, and other investment options.
If you have questions about the types of retirement plans, we want to help you. Send us a message and one of our self-directed IRA professionals will get back to you quickly.
Advanta IRA is a self-directed IRA administrator that provides superior customer service and educational tools to assist you in realizing the maximum benefits possible within your IRA. We offer free educational events, such as seminars and webinars, as well as other innovative educational tools created to help you learn and navigate the freedom of self-direction. After all, knowledge is power, but learning to use that knowledge to manage your assets is key. We make no commission and we do not sell investments. Instead, we offer valuable tools for you to use when making non-traditional investments.
Advanta IRA makes getting started with a self-directed IRA simple for you.
Download our Open Account forms and start taking advantage of tax-deferred or tax-free investment opportunities today!