Self-directed IRAs can make a lot of sense for successful business people.
It offers you more flexibility than a traditional “vanilla” IRA or 401(k) plan. Which means you could possibly wind up with a much bigger nest egg for retirement. But remember, a self-directed IRA also comes with some serious risks. So be warned…
If you have a self-directed IRA and make a “prohibited transaction,” you could wind up in big trouble with the IRS!
Want to stay on good terms with Uncle Sam but still enjoy all the benefits of a self-directed IRA? Read my new article titled Tax Tips: Earn Big Returns with Self-Directed IRAs, but Tread Carefully.
Three ways our fact-filled article can help you:
- You’ll learn why a self-directed IRA can offer huge benefits. Unlike other retirement accounts, a self-directed IRA lets you invest in just about anything including stocks, bonds, operating businesses, and real estate. This opens the door to potentially enormous profit-making opportunities. We’ll give you all the details when you read the full article.
- We’ll explain the dangerous traps you must avoid. The IRS will crack down mercilessly if you make what they call “prohibited transactions.” You’ll be in deep trouble if you commit one of four easy-to-make mistakes. You’ll get the whole story when you read the full article.
- We’ll help you avoid the fate that the Thiessens suffered. James and Judith Thiessen broke one of the IRS’s four commandments and paid dearly. Because they made a prohibited transaction (on the basis of their broker’s advice!) the Tax Court killed their IRAs and ruled that the over $400,000 in their IRAs was taxable income. Want to avoid their fate. Don’t wait. Read the full article.