SilverStone Announces Its Six Basic Steps to Setup a Self-Directed IRA LLC

Online, May 9, 2013 (Newswire.com) - Since its inception SilverStone has been providing sound advice and assistance to investors by helping to establish the unique self-directed IRAs. The company has accomplished this by following six basic steps that ensure the account is set up properly with the appropriate protection against lawsuits that may arise.

These six steps walk through the essentials of setting up the retirement account, funneling money into the account through existing accounts or through the IRA contribution limits, setting up the LLC and creating the checkbook under the name of the LLC. The company's website explains the process in much greater detail. For more information on the basics on how to establish your Self-Directed IRA LLC follow the link found under the company's contact information.

Why Should Investors Setup a Self-Directed Account?

It is typical for many people to be interested in investing in real estate, but are unable to do so because of the lack of funding capacity. This is also particularly common among investors in stocks and other public securities. Now is the time for investors to realize that it is possible to roll the funds from a 401(k) setup through a current or former employer into a new account, a self directed account, and begin investing into the opportunities already available. This account structure allows investors to benefit in one of two different ways:

1. Roth IRAs allow investors to contribute taxed dollars into the account and gain returns and withdraw them latter for retirement-no matter how great the returns my be. This account structure is highly recommended for investors just starting in the work force or for investors in a low tax bracket. It is also highly advisable for investors who will begin pursuing investments with high returns.

2. Traditional IRAs allow investors to contribute pre-taxed income into an account only to be taxed upon withdrawal. This account is most beneficial for investors that will be retiring sooner, rather than latter, and/or are in a higher tax brackets.