Types of self-directed IRA plans

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.

Traditional IRAs and Roth IRAs are the two major kinds of individual retirement accounts and the prime difference between the two is the time at which they are taxed. SEP IRAs are plans utilized by the self-employed business people. A SIMPLE IRA is a retirement plan designed for small employers to offer their employees. An individual(k) plan is a profit-sharing plan with a 401(k) option, but designed to be less complicated and not as costly as a traditional 401(k). HSAs were created to help individuals and families save for qualified medical expenses on a tax-free basis. A Coverdell ESA is an account similar to a Roth IRA, except funds must be used exclusively for paying education expenses for the beneficiary.

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. 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.

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!