How to best utilize Self Directed IRA Store
To begin, if you already have a self directed IRA and are ready to start learning about the best self directed IRA strategies that other individual retirement account investors are using, simply scroll down to review the most recent news, comments from our readers, and more.
For a quick explanation of Self Directed IRA terminology, take a look at our Self Directed IRA Glossary of Terms.
If you are not already familiar with what a “self directed IRA” is (self directed individual retirement account), here is a quick explanation to get you started:
A Self Directed Individual Retirement Account (SDIRA) is an IRA that requires the account owner to make investment decisions and investments on behalf of their retirement plan. The IRS requires that a custodian or a qualified trustee holds these assets for the IRA owner. Self directed IRA accounts can be held in a variety of assets including traditional investments of stocks, bonds and mutual funds, as well as other IRS-permitted investments. These permitted investment options include real estate (both domestic and foreign), private equity, tax liens, franchises and mortgages. A self directed IRA allows more investment choices. In most circumstances, the custodian/trustee maintains the assets and the records pertaining to all the self directed IRA transactions. They will issue account statements, file the required IRS reports, are an adviser to the owner on regulations pertaining to these transactions, and they perform the administrative work on behalf of the owner of the self-directed IRA for the life of the account. If you would like to delve deeper into what a Self Directed IRA is/does and how it actually works, review our post aptly titled “So what is a self directed IRA, and how does it work?” here.
If you don’t have a self directed IRA account yet, or you have a traditional IRA or a Roth IRA, but have not yet completed an IRA Rollover or 401k Rollover, then here are some useful pages to give you a good start at understanding the differences that you will find when considering individual retirement account options, including the differences between a traditional IRA and a Roth IRA, how to open a Roth IRA or self directed 401k, and more specific topics like a “Self Directed IRA LLC” or a “SEP IRA“:
If you prefer your education via video, we’ve posted our favorite short tutorial videos on a variety of self directed IRA topics throughout this page to assist you.
Finally, if you haven’t found the answer to your question yet, try taking a look through the Self Directed IRA Store Sitemap or try using the custom search box at the top right of this page.