January 26, 2024

Invest Beyond Wall Street with a Self-Directed IRA in New York

Written By: Daniel Gleich

Key Points 

  • Investing through a Self-Directed IRA (SDIRA) in New York grants you the flexibility to hold alternative assets within your retirement account.
  • New York's flourishing business sector, innovative startup culture, and resilient real estate market make it an appealing location for Self-Directed IRA investments.
  • Establishing an IRA LLC in New York enables you to exercise greater control of your retirement investing through a Checkbook IRA.
There are many opportunities to invest with a Self-Directed IRA in New York, which you can sense by admiring the New York City skyline.

New York is a place of unlimited opportunity, unparalleled diversity, and unmistakable identity. Like they say, it’s in many ways its own state of mind. With a Self-Directed IRA in New York, you can embrace and embody everything that makes the Empire State inspiring and energizing.

While New York is often synonymous with bustling New York City, there’s so much more to the state. An adventurer trekking across the Catskills embodies the New York spirit every bit as much as a banker on Wall Street. Wherever you may be in New York, you can use a Self-Directed IRA (SDIRA) to open up a world of possibilities with your retirement investing, compared to a standard IRA that only lets you invest in Wall Street products like stocks, bonds, and mutual funds. Opening a Self-Directed IRA in New York enables you to:

Buy Real Estate

A building of apartments in SoHo, indicating that investing in real estate with a Self-Directed IRA in New York is feasible.

New York brims with world-renowned landmarks and cultural richness. In turn, it’s home to some of the most sought-after real estate in the world, from sprawling estates in the Hamptons to charming brownstones in Brooklyn. 

If investing in big-city property isn't appealing to you, New York State offers areas like the scenic Hudson Valley and the rural Adirondacks as well. Either way, a Self-Directed IRA (also known as a Real Estate IRA) empowers you to invest in any real estate you believe can appreciate and/or generate rental income, while also benefiting from tax advantages. The possibilities aren’t limited to residential or commercial real estate, either. You can also invest in raw land, private Real Estate Investment Trusts (REITs), and more. New York's dynamic real estate landscape, combined with the tax advantages of a Self-Directed IRA, can empower you to pursue wealth in an entirely new way.

Invest in Private Businesses

More than 2.2 million small businesses operate in New York, highlighting the state's position as a hub of entrepreneurship and private enterprise. That’s not to mention the many large companies that have their headquarters in NYC. Diversifying your retirement portfolio with private placements puts you in a position to potentially extract value from profitable businesses that you invest in. Your Self-Directed IRA can support promising startups and established enterprises alike, across New York and beyond.

Hold Precious Metals

New York's natural abundance doesn't necessarily extend to precious metals. The state's not entirely bereft, however. Researchers believe there may still be gold in the Adirondack Mountains, although finding it wouldn't enrich your SDIRA. New York law dictates that all gold and silver discovered within its borders belongs to the state.

However, the law doesn't obstruct SDIRA holders who want to diversify into this asset class. As with other alternative assets, you can buy, sell, and hold precious metals through your Self-Directed IRA. Precious metals are sometimes less volatile than stocks and real estate, a quality that can potentially help insulate your SDIRA from inflation and other economic shocks. With a Madison Trust Gold IRA, you can hold physical gold or other precious metals like silver, platinum, and palladium in your retirement account.

Lake Placid on a gorgeous autumn day, which is rumored to still possess precious metals.

Establish an IRA LLC

A business man runs across the New York city streets with his briefcase, eager to see a potential real estate investment.

As you can see, using a Self-Directed IRA as your retirement investment vehicle lets you hold various alternative assets. However, you can also choose to structure within your SDIRA to handle everyday investment transactions without going through your custodian. Creating an IRA LLC through our sister company, Broad Financial, gives you that level of control. An IRA LLC (also known as a Checkbook IRA) unlocks the power of checkbook control. The Checkbook IRA structure lets you act quickly when opportunities arise so your retirement account can grow at its full potential.

New York's business-friendly regulations and encouraging startup culture offer fertile ground for Self-Directed IRA investments. A Broad Financial IRA LLC in New York offers the chance to capitalize on these opportunities and gain control of your financial future. Whether you invest in property, private companies, precious metals, or any of the countless other alternative assets available, an IRA LLC provides tax advantages and flexibility as you direct your own investments.

Get Started with Opening a Self-Directed IRA in New York

Aligning your retirement hopes with handpicked investments through a Self-Directed IRA lets you potentially profit from your instincts and business acumen. Opening a Self-Directed IRA in New York is fast and hassle-free with Madison Trust. Schedule a free discovery call today!

A birds-eye view of Washington Square Park, showcasing the ample opportunities available in New York.

Disclaimer: All of the information contained on our website is a general discussion for informational purposes only. Madison Trust Company does not provide legal, tax or investment advice. Nothing of the foregoing, or of any other written, electronic, or oral statement or communication by Madison Trust Company or its representatives, is intended to be, or may be relayed as, legal, tax, investment advice, statements, opinions, or predictions. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

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