Money Matters Quick Fix
SELF DIRECTED IRA BENEFITS AND 2017 CONTRIBUTION LIMITS
Hey ya Money Masters,
Quick update. IRA contribution limits remain the same in 2017 as they did in 2016.
– Under 50, up to a maximum of $5500.00
– Over 50, up to a maximum of $6500.00
Now for today’s QUICK FIX. Here’s what you gain when you take your retirement account to the next level with a self directed IRA LLC.
Self-Directed IRA LLC’s will offer you the ability to make tax-free investments without custodian consent. This is a special purpose liability company that is owned and managed by you. You can lord over it and feel like a God on the weekends. The LLC can become a pass-through for tax purposes, which allows you, the owner to assume the tax burden instead of the LLC. This gives you tax options.
In most cases, income and gains flow back into the IRA tax-free. You are also able to keep and funds in an LLC bank account without having to go through a custodian. You have control over, and access to your money, which means greater investment flexibility.
You can invest in anything from your IRA LLC. Your only limit is your imagination. No matter where you put your money, your income and gains flow back into your fund tax-free. Tax free baby. Close your eyes and smell the bacon. Tax free bacon.
SO, in Summary
When you get a Self-Directed IRA LLC:
• You will have the power to act quickly on a potential investment.
• You can say good-bye forever to custodians and their fees.
• You can invest in almost anything.
• You will know what you’re investments inside and out.
If you have any questions about Self-Directed IRA LLC’s, just get in touch with us here at Money Matters. Thanks for watching.