Link to Article on Self-Directed IRAs

How to Set Up a Self-Directed IRA

Video on How to Set Up a Limited Liability Company

IRAs -- Individual Retirement Accounts -- are one of the easiest ways to save on taxes. If you are self-employed or not covered by an employer pension or 401k at work, you can deduct the contributions to your IRA on your taxes. You will benefit yourself in two ways: in increased retirement savings AND lower taxes.

Most IRAs are invested in mutual funds, leaving you with very little flexibility in how your money is invested. Although there are excellent funds that don't invest in war industries, perhaps you have other issues that concern you and want to invest with those causes in mind too.

A self-directed IRA enables you to choose your own investments. You will need a broker to serve as a custodian of the IRA and the fees can be somewhat higher than with conventional IRAs, but you will gain an enormous amount of flexibility. The following article gives advice about the kinds of self-directed IRAs and how to set one up: How to Set Up a Self-Directed IRA