Silverstone Provides Self-Directed IRA Rules for Retirement Investors with Checkbook Control
March 28, 2013 (PRLEAP.COM) Business News
Self-directed IRA provider, Silverstone, now showcases self-directed IRA rules on the company website at Silverstone.net. The number of rules outlined by the Internal Revenue Service (IRS) code are very specific and include such things as: The rules are in place in order to protect the account from investing in more privileged transactions that may give returns that would not normally be legal within the IRS guidelines. In short, the government likes to know that the investments are within the realm of what is reasonable.
The aforementioned list is certainly limiting in some degree, but once you get over the rules, the world of self-directed investing opens up to many who have formerly been trained that money market and mutual fund accounts were the best methods for investing. With a self-directed IRA with checkbook control, you are free to invest in any number of successful private companies, local real estate and even financial paper. Limitations certainly exist, but a self-directed retirement account can help to expand investing potential to a large degree.
The list of do's and don'ts for investing guidelines is in no way meant to be comprehensive, complete or provide an accurate interpretation of specific investment criteria for each individual case. For this reason, Silverstone's expert professional team of retirement account advisors, attorneys and MBAs to help investors and even potential clients navigate around the potential pitfalls that tend to trap so many retirement investors.
"Failing to know what areas not to go and what investments are not allowed is extremely important. Slipping on the rules just once and getting caught can cause the entire account and any returns gained therein to be reduced to nothing in the blink of an eye," says Jenkins. "Penalties and account disqualifications can negatively impact the investor for years to come. That's the reason we like posting the rules."
About Silverstone.net
Silverstone.net is a self-directed and real estate IRA provider based in Seattle, WA. The firm specializes in providing expert assistance to investors looking to invest retirement funds in alternative assets such as real estate, precious metals, private business and financial paper. The company's principals have been working with retirement account owners to perform rollovers, conversions and investment opportunities for over a decade.