The Roth IRA is generally considered to be the single greatest retirement account in financial history. Its capacity to minimize taxation and shelter assets is highly praised across the board. Of all the investment decisions you will likely make in your lifetime, the decision to open a Roth IRA is one of the easiest and simplest.
With a self directed Roth IRA, the investor has control over when to invest, in what to invest, and when to divest. This freedom is far beyond that offered by a tradition IRA of any type. Along with this freedom, however, comes responsibility. The investor has to take the time to understand the risks and rewards of any investment. A self directed Roth IRA gives you the freedom to realize phenomenal growth but you still need good advice and good investment sense.
A Roth IRA with any of the major financial institutions will allow only a few types of investments. In addition, their set-up fees, annual fees, transaction fees, and management fees can eat into your Roth IRA’s profits and further restrict your investment opportunities. Another drawback from the traditional IRA is length of time it can take to get investments approved by the custodian and possibly missing good deals.
The alternative for an active investor is to open up a self directed Roth IRA with a smaller non-traditional IRA services company, like AES. At AES, we are committed to giving our clients absolute checkbook control over their IRAs and to keeping fees to an absolute minimum. When shopping for the right company to assist you in opening a self directed Roth IRA, each company’s fee structure should be considered as well as their ability and experience as an Advisor.
At Asset Exchange Strategies, LLC we have had conversations with potential self-directed IRA clients many thousands of times and the myths continue to live on after 20 years in the business. Some things like Sasquatch or area 51 seem to perpetuate in people’s minds without any substantial evidence the concept is correct or myth. Let’s […]
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