In light of the fact that the use of Self-Directed IRA s, is gaining increasing popularity and acceptance. This blog focuses on one very important question "Is it possible to take advantage of the powerful concept of a Self-Directed 401(k) plan?"
The blog states that "Yes, you can employ a Self-Directed 401(k) plan. Indeed, there are a number of advantages in doing so." Still it is important to keep in mind that the way the plan is set up and which type of 401(k) are critical decisions that must be handled with care. Individuals who are not sure which type of 401(k) plan they need, should consult with their professionals (financial adviser, CPA, etc.).
These plans work well for self-employed individuals, LLCs, corporations, and partnerships because of the low startup costs and relatively high contribution limits. Individuals can contribute up to
The blog also carefully lays out the advantages of a Self-Directed 401(k) including: relatively high contribution limits compared to IRAs; tax deferral of contributions; substantial protection from creditors; no unrelated debt-financed income tax liability; and so much more.
It is also very important to note that self-direction and the use of brokerage windows are not quite the same thing. A brokerage window within a 401(k) plan allows individuals to maintain an account with a securities broker-dealer. That allows individuals to buy and sell individual securities through their 401(k). So if they want to restrict themselves to trading publicly-traded stocks, bonds, ETFs and closed-end funds, and they want the freedom to make intra-day trades, a brokerage window can service this purpose.
Click here to view the full version of this blog.
Click here to claim one of our 7 Self-Directed IRA guide(s).
American IRA is committed to providing every client with gold-level service, regardless of account size. Experience their expertise through their certified IRA services professionals. Enjoy the value with one low annual fee of
American IRA services thousands of clients and has over
American IRA was built by investors for investors, and brings their successful investment experience to the table, providing excellent educational material showing the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
American IRA is conveniently located in
Read the full story at http://www.prweb.com/releases/2014/08/prweb12095996.htm
Most Popular Stories
- Study: Recessions Can Postpone Motherhood Forever
- Hispanic Entrepreneurs Short-changed in Texas
- Hispanics Carry Big Clout: Census
- Washington's 'The Equalizer' Debuts With $35 Million
- Effort to Oust Assad Put on Hold
- Qantas Puts World's Largest Plane on Longest Route
- Chicago Flight Delays: Questions Answered
- Los Angeles Set to Host Small Business Summit
- White House Intruder Got Farther Than Reported
- Jeb Bush: GOP Senate Would 'Fix a Few Things'