Self Directed Retirement Accounts

Self-directed retirement accounts are unique. They allow alternative investments to be held as assets that can potentially build tax-free or tax-deferred wealth at a faster pace than traditional methods.

HOW IT WORKS?

Your current financial professional may not be aware of these options as they only offer products that they sell. These typically involve stocks, bonds and mutual funds. Self-directed IRAs and other plans allow you to choose alternative investments. When you self-direct, you control your own investment choices and can potentially build wealth in your accounts by investing in what you know best.

Right Self-Directed Plan

The following plans can be self-directed: Traditional, Roth, SEP and SIMPLE IRAs, individual 401(k) plans, health savings accounts, and education savings accounts.

Many factors can determine which self-directed plan is right for you. These factors include (but are not limited to):

Your age
Contribution and deferral capability
Whether you are a sole proprietor or own a company
If you have common-law employees
When you wish to retire
Your tax position

SEEK HELP FROM a Professional

It is important that you are knowledgeable in the areas you choose to invest. Please seek the services of a tax professional or a financial planner to work with you on specifics when investing in areas outside your own expertise. Many investment options are complex and require you to determine your level of comfort before making an investment.