This is a U.S. tax compliant structure enabling U.S. citizens to invest their self directed open opportunity IRA funds in a tax deferred environment while having the flexibility to take advantage of both onshore and offshore investments in stocks, bonds, real estate, time deposits, etc.
Problem With Traditional IRA The problem with a traditional IRA is that you are limited to investing in what the sponsoring Mutual Fund, stockbroker, or a financial institution has to offer. You basically order off a pre-set menu.
Problem With Self Directive IRA Another alternative is the so-called “Self Directive IRA” where you place in the hands of a “Custodian” who must approve any investments or their sale and charges you a fee every time he or she acts.
Benefits Of An Open Opportunity IRA An Open Opportunity IRA allows you to select whatever type of investment you want. Instead of being limited to choosing amongst low earning investments you can choose your own high yielding investments. This is better than a traditional IRA and the Self Directive IRA because you are in complete control. Here’s how it works:
Your IRA owns a Limited Liability Company (LLC) and the LLC owns the investments you select. You are allowed to personally manage the LLC placing you in charge of whatever investments you wish to make. No third parties, and no trustee or custodian prior approval is needed.
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