The self-directed IRA is actually no different from any other Individual retirement account or 401k. A self-directed IRA is, however, unlike a traditional IRA because of the number of investment alternatives you can choose from.
Self- directed IRA funds can be appropriately structured to enable you to make direct investments in oil and gas as a way to generate monthly income. The majority of IRA custodians only permit authorized stocks, bonds, mutual funds and CDs. A truly self-directed IRA custodian permits those options as well as real estate, promissory notes, private placements and Oil and Gas Investments.
U.S. Oil Properties will assist you in setting up a new Self-directed IRA account using the custodian of your choosing. This will then allow you to move funds, or roll-over funds from your existing IRA account to facilitate your Direct Working Interest investment.
Aside from the significant IRA benefits which include tax deductions, tax free profits, estate planning and asset protection, you'll have the ability to take advantage of tax-free investments that you know and understand. When combined with the power of compounding interest, this can create significant wealth for you and your loved ones.