Have you ever thought of your IRA as a fluid investment vehicle? Typically we think of IRAs as accounts that grow slowly and steadily over time, largely left alone until we are ready to draw on them.
However, if you would like more freedom in controlling investments in your own accounts, consider setting up a business trust for your IRA.
Known as self-directed IRAs, these work especially well for people who use real estate as an investment tool. You open an account, and then a separate business trust is created for your IRA to invest in.
Why choose a business trust?
No Public Filing Required
The IRA owner serves as the trustee, but there is no automatic publication of his or name – which means greater privacy/confidentiality for you.
A True Disregarded Entity
A business trust has only a single holder of its beneficial interests, classifying it as a “disregarded entity.” In short, this means you do not have to file federal or state income tax returns related to the trust, saving you any fees and costs associated with that process.
Self-directed IRA Flexibility
A self-directed IRA allows you the flexibility of moving out of a fluctuating and uncertain stock market and into other investments – and back again. Any and all profits gained through these investments (i.e., small business, rental property, real estate) funnel back into your IRA, thus growing under your watch.
Take control of your financial future and let us help you set up a business trust today.
Looking for a way to grow your retirement account without the hassle? Find out how to take control of your financial future by contacting us today!
“The best way to predict the future is to create it.” – Abraham Lincoln