Accounts & Setups

Your success can depend on your account. Do you know the differences?

Choose the right account type for your investing needs

Diversification inside of your retirement portfolio is essential for gaining true, lasting wealth. There are a number of account types that can maximize your benefits depending on your strategy, take a look at what we have to offer.

Solo 401k
(recommended)

This type of self-directed IRA allows you complete control as you yourself become the signing authority of your funds. In order to open this type of account you’ll need to create an LLC owned by your IRA. This account is most beneficial for self-directed retirement investors. Contact us to learn more about Checkbook Control accounts!

Traditional IRA

Tax deferred retirement account . At the age of 70 1/2 you begin taking mandatory required minimum distributions. Contributing to this type account serves as tax-deductible

Roth IRA

A type of truly self-directed account, a Roth IRA is tax-free. When you are eligible, your withdrawals from this account will not be taxed. There are income limits in place for this type of account and making contributions to this account will be taxed.

Simple IRA

This retirement plan is typically implemented for small businesses/business owners for their employees and own retirement savings. Tax rules follow the same guidelines as a traditional IRA.

Simplified Employee Pension
(SEP IRA)

Not to be confused with a traditional pension, similar to to a Simple IRA, a SEP is put in place by employers for employees to gain retirement benefits by contributing to their IRA. This is a more cut-and-dry account type where salary reduction contributions are not taken into account.

Health Savings Account (HSA)

A health savings account allows the individual to contribute to a retirement account specifically for tax-advantaged health benefits. Typically this type of plan offsets steep medical bills and other unforeseen costly health expenses.

Cash Account

You don’t need to use a retirement account to invest in self-directed real estate. SDIRA accounts offer significant advantages however there are scenarios where a cash investor would buy self-directed real estate. Contact us if you have questions on investing with SDIRA Wealth using cash.

Do you know which account will yield the best results for you?

We’ve worked with investors of every portfolio size and scenario. Choosing the right account will set your income-generating investment up for success!

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