2 Reasons Why You Should Open a Self Directed IRA for Retirement
Have you been procrastinating when it comes to planning your retirement even though you are retiring in the next few years? Have you done your research about all the types of retirement options available to you but are overwhelmed just choosing the best fit for your needs? Have you considered opening an individual retirement account or IRA but have found that there are different types of IRAs in the market? If you answered yes to any of these questions, then here are two reasons why you should consider opening a self-directed IRA.
Highly Diverse Portfolio
One of the main reasons why you should consider opening a self-directed IRA or SDIRA is that it will provide you the ability to highly diversify your portfolio. As you may or may not be aware, traditional IRAs allow you to invest in securities like stocks, bonds, certificates of deposits, and other similar investments. In addition to these types of investments, an SDIRA will allow you to also invest in precious metals, commodities, real estate, and other alternative investments.
Another reason why you should consider a self-directed IRA is that an SDIRA provides built-in tax breaks on your earnings. This means the potential to grow your account in a tax-advantaged environment.
Where to Open an SDRA
Perhaps you are convinced that opening this type of IRA will be advantageous. You are now searching for self-directed IRA custodian companies to help you open and maintain an SDRA. Contact the professionals at Mountain West IRA Inc. They have been offering their expertise to help retirees open and maintain an SDRA. So, when searching for reputable and reliable self-directed IRA custodian companies, they are the ones you can trust. Call or visit them at their website today.