July 12, 2023

Climb Retirement Mountain with a Self-Directed IRA in Colorado

Written By: Daniel Gleich

Key Points 

  • With a Self-Directed IRA (SDIRA) in Colorado, you can invest in alternative assets like real estate, private placements, precious metals, and more.

  • A Checkbook IRA is a type of Self-Directed IRA that’s relatively easy to set up in Colorado, thanks to the state’s process for establishing an LLC.

  • Colorado’s outdoor lifestyle and high quality of life can pair beautifully with the freedom and flexibility of retirement investing in a Self-Directed IRA.

Did you know that you can expand your retirement investing beyond stocks, bonds, and mutual funds? If you’re looking for more exciting ways to grow your retirement savings, opening a Self-Directed IRA (SDIRA) can be a refreshing change of pace—especially while living and working in colorful Colorado.

Beautiful and colorful Colorado mountains and lake to show that you can invest with a Self-Directed IRA in Colorado

Wherever you may be in the Centennial State, you can tap into the countless alternative assets allowed in a Self-Directed IRA. You can also set your goals a mile high knowing your retirement funds can grow tax-deferred or tax-free. Here are just a few of the possibilities:

Buy Real Estate and Raw Land

Row of real estate investment properties, displaying that a retirement portfolio can be diversified by investing in real estate with a Self-Directed IRA.

Colorado’s population tends to grow every year as people move to the state for its high quality of life centered on enjoying the outdoors. In recent years, Colorado has often ranked among the fastest-growing states in the United States. With an ongoing influx of individuals and families relocating to Colorado, owning residential real estate may be lucrative when renting it out to tenants.

Residential real estate isn’t the only type of property you can hold within your Self-Directed IRA. You can also invest in commercial real estate or even raw land. Between the hip cities like Denver and Boulder, resort towns like Aspen and Vail, and undeveloped land across the state, real estate opportunities are plentiful in Colorado.

Get in the Startup Scene

Colorado is widely noted as being one of the best states for starting a business and has become a thriving hub for technology and innovation. Many well-known Silicon Valley companies have opened offices in Colorado, and the state is even vying for a federal Tech Hub designation. 

How does all of this relate to you? When you open a Self-Directed IRA, you can use your account to invest in private businesses, startups, and crowdfunding opportunities.

Strike Gold

Denver’s professional basketball team, the Denver Nuggets, got their name from Colorado’s 19th-century gold boom. Geological studies suggest there may be billions of dollars worth of gold still unmined in the Rocky Mountains today. Panning for gold can certainly give you a rush, but you don’t need to mine to own gold in a Self-Directed IRA. With Madison Trust’s Gold IRA, you can simply purchase gold and other precious metals from FideliTrade, a Delaware Depository Company, and have the metals safely stored at Delaware Depository. Gold has been valued throughout history and is often seen as a hedge against inflation; its value typically increases when the value of the dollar decreases.

Pile of gold and silver bullion, which can be invested in with a Self-Directed IRA.

Establish an IRA LLC

There’s even more freedom to enjoy with a Self-Directed IRA when you upgrade your account to a Checkbook IRA. This gives you checkbook control, which allows you to invest directly in alternative assets without the involvement of a custodian for everyday transactions. Checkbook control requires the formation of an entity such as an LLC. The LLC is then linked to a checking account, enabling you to simply write a check or send a wire directly to your investment. 

Setting up an IRA LLC in Colorado is easy with the help of Madison Trust’s sister company, Broad Financial, which specializes in LLC formation for Self-Directed IRAs. See the benefits of an IRA LLC.

How to Open a Self-Directed IRA in Colorado

Friends with arms around each other looking at the view of mountains and a lake, equipped with all the information they need to be savvy Self-Directed IRA owners.

At Madison Trust, opening a Self-Directed IRA in Colorado doesn’t feel like climbing a mountain at all. Simply open, fund, and invest. We’re here to guide you through the process so you’re equipped with all the information you need to be a savvy Self-Directed IRA owner and investor. Learn more and get started today!

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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