Although a Self-Directed IRA continues to be the most popular vehicle for self-directed investing, did you know that many other account types can benefit from this proven approach? It’s true.
Individuals can reap the advantages of self-directed investing in a variety of account types beyond the Traditional IRA and Roth IRA. These include small business retirement plans, Health Savings Accounts and Coverdell Education Savings Accounts. Here’s the full list:
- Traditional IRA and Roth IRA
- Simplified Employee Plan (SEP)
- Savings Investment Match Plan for Employees (SIMPLE)
- Solo 401(k)
- Roth Solo 401(k)
- 401(k) Safe Harbor Plan
- Roth 401(k) Safe Harbor Plan
- Health Savings Account (HSA)
- Coverdell Education Savings Account (CESA)
What Does this Mean For You?
Self-directing an HSA or CESA, for instance, brings many of the same benefits you enjoy with a Self-Directed IRA. You’ll have alternative ways to invest your savings that often have a low correlation or non-correlation to market volatility. You’ll achieve greater portfolio diversification. And you’ll benefit from advantages like tax-deferred savings, tax-free growth, large tax deductions, compound interest and the ability to pass assets to beneficiaries while avoiding taxes.
Don’t Limit Yourself.
When it comes to self-directed investing, remember that an IRA isn’t your only option. You can take greater control of your financial present and future by using your expertise in real estate, tax liens, precious metals, renewable energy, etc., to reap unlimited profits and extraordinary peace of mind.
To learn more about any self-directed account, speak with an Equity Trust Specialist at 1-888-382-4727.
Filed under: Uncategorized on June 2nd, 2010