Answer to this question is in the affirmative if investments are made through a self-directed individual retirement account (SDIRA). SDIRAs offer investors more investment options such as crypto, real estate, private mortgages, tax liens and precious metals.
However, investments must adhere to IRS regulations or else face potential IRS penalties of their own.
Investing in a Self-Directed IRA with Checkbook Control
Self-Directed IRAs with checkbook control can be an excellent way to diversify your retirement portfolio and possibly earn more money. Unlike traditional IRAs which are managed by brokers or investment advisers, self-directed accounts allow investors to invest in alternative assets such as Bitcoin, private placements, real estate purchases, mortgage notes etc.
Self-directed IRAs enable you to choose your investments freely while keeping any profits tax-free, but it is crucial that you select an experienced custodian with minimal fees and secure storage of assets.
When selecting a custodian for your SDIRA, choose a firm familiar with IRS rules and regulations surrounding alternative investments like real estate or private placements. Furthermore, look for one with a wide array of investment options, clean regulatory records, low fees, and outstanding customer service – and contact Broad Financial immediately so we can supercharge your SDIRA and help you make more money in retirement!
Investing in Real Estate
Cryptocurrency has become the talk of the town recently, but did you know you can invest in cryptocurrency with your retirement account? Yes! A self-directed IRA (SDIRA) allows you to combine tax advantages with cryptocurrency investments such as Bitcoin.
Cryptocurrencies are virtual currencies protected by cryptography on decentralized computer networks. Transactions are verified and processed publicly for verification, making double spending and counterfeiting almost impossible.
Investment with your SDIRA allows you to bypass the custodian’s middleman role and its associated high fees for transaction and asset management – thereby eliminating extra costs associated with traditional custodial-controlled IRAs and experiencing true investing freedom.
Brendan Walsh of Rocket Dollar and Ben Epling from River discuss the advantages of an SDIRA for investments including Bitcoin mining machines.
Investing in Gold
Bitcoin and other cryptocurrencies provide investors with an opportunity to diversify their retirement portfolio, hedge against inflation, and build wealth over time. A cryptocurrency IRA should only be placed with an administrator who is capable of handling its complexities.
Cryptocurrencies are treated by the IRS as property and any profits from sales are taxed as regular capital gains. Furthermore, they may be vulnerable to hacking or theft; thus it is crucial that investors research fees structures and security measures of different custodians before making their choice.
Nabers Group is an experienced and IRS-approved Self Directed IRA provider. We assist clients to compliantly structure their retirement accounts and select alternative investments, including Bitcoin. Our IRA LLC solution offers freedom to invest in crypto through special purpose LLCs funded by self directed IRAs; additionally we can even offer solutions that allow clients to retain control of their private keys – so they never lose access to crypto investments!
Investing in Precious Metals
Self-Directed Individual Retirement Accounts (SDIRAs) allow investors to invest in more diverse areas than is usually available with traditional retirement accounts, including cryptocurrency investments.
Bitcoin has earned itself the moniker “digital gold”, making it an investment that can diversify and protect against inflation while remaining non-correlated with traditional markets.
Cryptocurrency investing can be an exciting addition to any SDIRA, but it is critical that you partner with an industry-leading platform and custodian services, along with an experienced team who can guide the process. River Financial and Rocket Dollar have developed a solution which allows retirement account holders to purchase major cryptocurrencies directly on an US exchange within their IRA or Solo 401(k).
An SDIRA provides investors with a unique investment opportunity, by circumventing prohibited transactions such as sweat equity or self-dealing (investing in your own business) yet providing all the same advantages of an SDIRA. To learn more about investing in cryptocurrency through an SDIRA, get in touch with us now.
