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What is a Self-Directed IRA?

What is a Self-Directed IRA?

An IRA is an Individual Retirement Account, allowing individuals to put aside money for retirement and offering alternative investments for retirement savings. Self-directed IRAs allow you, as the individual account owner, to have control over choosing and directing your investments. Self-Directed IRA accounts provide access to alternative assets, including real estate investment trusts (REIT's), private company stock, limited partnerships, limited liability companies, notes, and many others.

Why Invest in a Self-Directed IRA?

Flexibility. Opportunity. Control.

These are the hallmark features of a self-directed IRA.

Self-directed IRAs are for those looking to diversify their investments and have more control of their financial future. When you open a self-directed IRA with Mainstar Trust, you’ll get more flexibility, more opportunity, and more control.

Advantages of Self Direction:
  • More control of your financial future
  • Access to a broad range of alternative investments
  • Customized to your savings objectives
  • Tax advantages for sustainable wealth
More Control of Your Financial Future

Unlike traditional retirement accounts, self-directed IRAs are all about owners having the control. As the owner, you have the flexibility to choose from a variety of alternative investment options (as you’ll find below).

With the freedom you have over directing your investments, you might be asking…is there anything I can’t invest in an IRA?

Just because these IRAs are “self-directed” doesn’t mean you have to navigate the investment waters all by yourself. Work with a trusted advisor and financial custodian to help you manage the processes and rules that accompany self-directed IRAs.

Unlike many traditional retirement plan options, self-directed IRAs aren’t connected to your place of employment. What does this mean for account owners? You can have a self-directed IRA in addition to your employee sponsored plans or in place of — giving you more control over your investments and financial future.

Whether you’re an experienced investor, or you’re looking to step out for the first time with alternative investments, your next move is to open a self-directed IRA with Mainstar Trust and maximize your investment and retirement objectives.

Access to a Broad Range of Alternative Investments

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:

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Customized to Your Savings Objectives

At Mainstar Trust, we offer: Traditional IRA, Roth IRA, Simplified Employee Pension (SEP), SIMPLE or Inherited IRA. Self-directed IRAs are used by IRA owners to drive a variety of different savings objectives including:

  • Diversification from the traditional stock market
  • Maintain flexibility and control of your account
  • Opportunity to capitalize on an investor’s special expertise or invest in special interest projects

Self-directed IRAs do not lose any of the tax and savings benefits commonly associated with IRAs

  • Tax deductions for most traditional IRA contributions
  • Tax-free earnings in a Roth IRA
  • Ability to consolidate retirement savings through rollovers from other retirement assets
  • Bankruptcy protection up to $1.2 million (indexed) for IRA assets and unlimited protection for employer plan rollover assets
  • Ability to pass IRA assets to heirs without going through probate

Tax Advantages for Sustainable Wealth

With the tax and savings benefits self-directed IRAs provide, the profit potential and opportunity for lasting wealth is far greater than your usual fund or stock. As a self-directed IRA investor, you have the ability to diversify your assets and choose your investments.

  • Invest without creating significant tax liability
  • Leverage tax advantages to grow account balances
  • Diversification of assets for more profit opportunity
  • With more flexibility, you get more opportunity for a greater return

How to Get Started

Get Support with a Self-Directed IRA Custodian

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.

At Mainstar Trust, you’ll get the support you need while keeping control over your investments.

Open a Self-Directed IRA with Mainstar Trust

Mainstar Trust is a custodian for many alternative investment options for individuals seeking self-directed IRAs. Ready to open a self-directed IRA? Find out how to open a self-directed IRA here, or contact a Mainstar Trust representative to discuss your options.

Choosing the Right IRA Custodian

Your journey, your goals, your future.

When it comes to choosing the right IRA custodian, it’s important to weigh your options, identify your goals, and find the one that is committed to you and where you want to go in the future.

You want an IRA custodian that:

  • Has longevity and experience in providing custodial services
  • Offers dynamic services and adaptable solutions to meet your individual needs
  • Prioritizes you and your financial goals, investments, and retirement objectives
  • Is accessible and ready to help you navigate your financial journey

At Mainstar Trust, we believe that when you take control of your long term savings objectives, you take control of the future you long to have. And, we help IRA owners do just that.

Sometimes, one of the hardest parts about diversifying your investments is knowing where to start. With our custodial services, you have more control over your financial future, while having the knowledge and support to help you navigate along the way.

Learn more about our services and see if Mainstar is the right IRA custodian for you today!