When it comes to saving for retirement, there are a lot of options out there. But one option that often gets overlooked is the Self-Directed SEP IRA. A Self-Directed SEP IRA offers a lot of advantages, including flexibility, tax breaks, and the ability to invest in a wide range of assets. If you’re looking for a retirement savings option that will give you the most bang for your buck, a Self-Directed SEP IRA is definitely worth considering. Here’s a closer look at some of the benefits of this type of retirement account.

Reason #1: Flexibility

One of the biggest advantages of a Self-Directed SEP IRA is the flexibility it offers. With this type of retirement account, you’re not restricted to investing in just stocks and bonds. You can also invest in real estate, precious metals, private loans, and a whole host of other asset classes. This gives you a lot more control over your retirement nest egg and allows you to tailor your investment portfolio to your specific needs and goals.

Don’t just consider the range of investments available to you, though. Also consider that a Self-Directed SEP IRA comes with high contribution limits. This means you can leverage a higher income that you generate with a business and put more of that income aside in a tax-protected account to save for retirement. And considering that you can use a Self-Directed IRA to invest in other options like real estate and precious metals, these two combined effects can help you save more for retirement.

Reason #2: Tax Protections

The Self-Directed SEP IRA also comes loaded with many of the same tax protections you’ve come to expect from retirement accounts. For example, you can use pre-tax money towards a SEP IRA, which gives you the ability to save money in the short-term with the expectation that you may have a lower income in retirement, when you have to pay the taxes on this money as you draw it from the account. You’ll want to consider this situation with a tax professional, of course, but that’s one primary reason many investors will consider pre-tax contributions towards a retirement account.

The SEP IRA also creates a layer of separation between the assets in the retirement and the assets you hold personally. This can not only diversify your overall holdings but provide you with additional protections that give you added peace.

Reason #3: Wide Range of Investment Options

As we mentioned earlier, one of the biggest advantages of a Self-Directed SEP IRA is the fact that it offers a wide range of investment options. With this type of retirement account, you’re not limited to investing in just stocks and bonds. You can also invest in real estate, precious metals, private loans, and a whole host of other asset classes. This gives you a lot more control over your retirement nest egg and allows you to tailor your investment portfolio to your specific needs and goals. Do you have a specific type of investment you like to pursue? A wider range of investment options is more than diversification; it means you can utilize the skillset you want to utilize in retirement, such as real estate.

If you’re looking for a retirement savings option that offers flexibility, tax protections, and the ability to invest in a wide range of assets, then a Self-Directed SEP IRA is definitely worth considering. This type of retirement account offers many advantages that can help you achieve your long-term financial goals.

Interested in learning more about Self-Directed IRAs?  Contact American IRA, LLC at 866-7500-IRA (472) for a free consultation.  Download our free guides or visit us online at www.AmericanIRA.com.