Inside Secrets of the Self-Directed IRA

If you are worried about spending your post-retirement life, or the golden years of your life as they call it, comfortably and worry-free, then you are not alone. It is perfectly normal to worry about the future, especially in the economic situation as it is. But it doesn’t have to be this way. With a self-directed IRA retirement account, you can say goodbye to those worries, and rest assured that your post-retirement life will not only be comfortable but luxurious. It all depends on how good an investment decision maker you are. Confused? Let me explain.

Did you know that you can invest on anything on a tax-deferred basis using your retirement account? Well, not just any retirement account, but specifically a self-directed IRA. That’s right, one of the secrets of this retirement plan is that you are allowed to invest in any business, real estate, stocks, bonds and mutual funds. In fact, anything that seems profitable to you, you are allowed to invest in it, as long as it is not alcohol or collectibles.

The reason you didn’t know about this is that this retirement plan, for obvious reasons, is not as publicized as the traditional ones. In fact, many people think that the 401k is the only retirement account available because that is what they heard. Not too many people bother to research into this.

Another well-kept secret of the self-directed IRA is that you have the option to have “checkbook control.” This means that it would be you, not your custodian, who would decide who and when to pay. This is especially useful for time-sensitive opportunities, where you can just sign the check and conduct the transaction. This also means that you don’t have to pay the absurd transaction fees that other retirement account holders have to pay.

Many people also believe that once funds are transferred into a self-directed IRA, you can’t withdraw or “borrow” from it until you reach the age of retirement. You can certainly borrow from your account, though you would have to pay a small percentage of the money you want to withdraw. Remember that depending on the custodian, there is a fixed annual fee that cover the maintenance charges of the self-directed IRA account.

Now that these secrets about the self-directed IRA have been uncovered, is there still a reason not to start one?

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Inside Secrets of the Self-Directed IRA