As the systemic risk of traditional banking increases, many people are opting to reduce risk by using a self-directed IRA. Of course, the risk of private holdings is potentially substantial (fire, theft, disaster), and must be factored into a decision to move IRA or retirement money from the traditional banking system into a self directed holding. A self-directed holding can include banks and brokerages as part of the program.
The first step is for the owner to form a special customized type of LLC that is owned by your Self Directed IRA.
A Self Directed IRA LLC is made up of two parts:
- a Traditional or Roth Individual Retirement Arrangement (IRA) and
- a Limited Liability Company (LLC) .
South Carolina Statute, UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996
IRA Misconceptions Increase Risk
2012 IRS Publication 590
