Although most IRA providers offer only traditional investments such as mutual funds or CDs, the laws governing IRAs allow your tax-deferred IRA assets to be invested in a wide array of investments through a self-directed IRA:
At Mainstar Trust, the self-directed option is available for any type of IRA: Traditional IRA, Roth IRA, Simplified Employee Pension (SEP), or Inherited IRA. Self-directed IRAs are used by IRA owners to drive a variety of different savings objectives including
Self-directed IRAs do not lose any of the tax and savings benefits commonly associated with IRAs
Alternative investments can add complexity to your IRA, with the potential for additional administrative, tax, or legal requirements. Often IRA owners engage a financial advisor to help them evaluate investment opportunities, risks, and costs. Many self-directed IRA owners find it beneficial to consult with tax or legal advisors to navigate the tax rules and avoid prohibited transactions. It is also important to work with a custodian that has proven expertise in administering self-directed IRAs.