Individual Investors

Investors use self-directed IRAs to drive a variety of retirement savings and investment objectives. These accounts provide the freedom to choose from a wide variety of alternative investments while also offering special tax benefits for saving.


Unique Tax Benefits

Self-directed IRAs may also be used to achieve various tax and retirement income objectives.

Tax deductions for most Traditional IRA contributions
Tax-deferred investment growth
Tax-free earnings in a Roth IRA
Ability to consolidate retirement savings from former employers’ plans through rollovers
Ability to pass IRA assets to heirs without going through probate

IRA Types

Traditional vs. Roth IRA

Many factors affect which type of IRA may be most beneficial for you. In some cases, maintaining both types (Traditional and Roth) will provide valuable benefits. You may want to seek tax or financial planning advice to help you consider all the factors that could affect your decision.

  Traditional IRA Roth IRA
Eligibility to Contribute Have earned income Have earned income below specified limits based on tax-filing status
Tax Impact of Contribution

Generally deductible

If you or spouse participates in an employer plan, your income must be below specified limits based on tax-filing status to take a tax deduction

Never deductible
Annual Contribution Limit $7,000 for 2024 (plus $1,000 catch-up contribution if age 50 or older) in aggregate with Roth IRA contributions $7,000 for 2024 (plus $1,000 catch-up contribution if age 50 or older) in aggregate with Traditional IRA contributions
Investment Growth Tax-deferred Tax-deferred, potentially tax-free
Tax Impact of Withdrawals Generally taxable, subject to additional 10% early distribution tax if under 59½ Tax-free if qualified distribution; if nonqualified, only earnings are taxable & if under 59½ subject to 10% early distribution tax
Required Minimum Distributions (RMDs) Beginning at age 73 Not subject to RMDs during IRA owner’s lifetime


Are you an Angel Investor?

Ready to open a self-directed IRA?



Open a Mainstar Trust IRA by completing the IRA Application and sending to Mainstar Trust. You can enroll online or submit forms offline.



Fund the Account with a contribution, a rollover from an employer plan, or a transfer from another IRA.



Select your investments or authorize Mainstar to purchase an investment when you are ready.