Owning an SDIRA gives you the freedom to choose your investments and explore different assets. Planning for retirement can be a tricky task.

Start with the type of assets you’d like to invest in, the type of IRA you want to invest in, and the custodian you want to work with.

A Roth IRA is a retirement savings account that offers tax-free investment growth, rather than the traditional IRA’s tax-deferred growth.

Custodians and depositories ensure compliance as it relates to information security and legal procedures. Choosing one will depend on your investment goals.

Discuss your self-directed IRA taxes with your IRA custodian. Get the proper forms, report your IRA earnings, and leave no stone unturned.

Self-Directed contribution limits are set by the IRS. The limits determine how much an individual can contribute to their self-directed IRA in a given year.

Instead of relying on the traditional mutual funds, stocks, bonds, etc., a self-directed IRA gives you the freedom to leverage alternative investments.

Creating a retirement plan takes time, patience, and plenty of research. Organize your efforts and build your self-directed IRA for a brighter tomorrow.

The thought of a self-directed IRA can seem overwhelming or complex, but opening one is quite simple. Here are five simple steps.

The IRS requires SDIRAs to have a certified IRA custodian. When selecting consider how much you want to pay, the reputation, skill level, and credentials.