Dollars and Destiny: Retire Rich with Your Self-Directed IRA
There’s a way to hedge yourself from the stock market losses we’ve witnessed the last several years that have endangered people’s retirement savings. With the ups and downs of the market, some people have seen 50%, 60% and even greater amounts of their investments vanish, with no prayer of recovery. That situation makes it critical that you take control of your investment portfolio, and begin seeing returns that are not taxable until you remove the money for retirement. The wise pick is a self-directed IRA. Within that IRA, either a traditional IRA or a Roth IRA, you have a plethora of allowable non-traditional investment choices from gold to real estate. Self-directed IRAs have been part of the tax and investment code since 1972, yet most people are unaware of them. There are a number of reputable custodians that specialize in self-directed IRAs; among them Equity Trust Company and Entrust New Directions IRA. Fees for these companies vary, so be certain to have a firm idea of the number of transactions you predict making before deciding on your custodian company. You can pick out non-traditional investments without taking un-needed risks, and still see great yields. You can even join in with other people, invest in a fund and spread out both the risk and returns. You can establish an LLC and have it make investments for your individual retirement account.
If we remember anything from history, it is that there is a cycle to industries that smart investors see and take advantage of. Currently real estate markets are depressed in many areas of the country, making this a buyer’s market, and making real estate a potentially wise buy for a self-directed IRA portfolio. Look for a real estate investment secured by a note or deed with a fixed rate of return within your IRA, or a real estate fund that reduces risk by allocating the investment over a number of properties with low LTV (loan-to-value) ratios.
Taking charge of your IRA investments means greater opportunities to secure your retirement future.
No related posts.