Understanding Self-Directed IRAs: Exploring the Concept, Benefits, and Implications in Real Estate Investing, Taxation, and Legalities. #IRA #RetirementPlanning #Taxation #RealEstateInvestment #LegalConsiderations
Arizona attorney Andy Fowler and Ohio attorney Jeff Watson discuss self directed IRAs.... ( read more )
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What is a Self-Directed IRA? When it comes to planning for retirement, individual retirement accounts (IRAs) have long been a popular choice among individuals due to their various tax advantages. Traditional IRAs and Roth IRAs are the most common options that individuals consider, but there is another type of IRA gaining attention in recent years - the self-directed IRA. So, what exactly is a self-directed IRA? As the name suggests, a self-directed IRA gives the account holder greater control over their investment choices compared to traditional IRAs. While traditional IRAs typically limit investment options to stocks, bonds, and mutual funds, self-directed IRAs open up a vast array of alternative investment