Join Carrie Cook, CEO, and Chris Trembly, Chief Compliance Officer, to discuss the pros and cons of self-directed IRAs! The pros include diversification of assets, control of investments, tax-free or tax-deferred growth, potential for higher ROI, and inherent asset protection. However, there are also cons, such as the need to do thorough due diligence without a built-in advisor, potential tax implications, fees associated with self-directed IRAs, risks and complexities of IRA LLCs, and lack of liquidity.
 
Takeaways

Self-directed IRAs offer greater control and diversification of assets.
Investors must do thorough due diligence and understand potential tax implications.
Alternative investments in self-directed IRAs have the potential for higher ROI.
Fees associated with self-directed IRAs may be higher than traditional IRAs.
Investing through an IRA LLC provides even more control and diversification.
Investors must be aware of the risks and complexities of IRA LLCs.
Self-directed IRAs offer inherent asset protection.
Many alternative investments in self-directed IRAs are not liquid.

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*Disclaimer: Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.

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