Individual Retirement Arrangements (IRAs) were started in the 1970s and have been around ever since. However, the focus of most companies has been firmly on market-dependent aspects like stocks, bonds and mutual funds. Because of the heavy fluctuation of the market, investors are looking for options which they can have more control over, like a self-directed IRA. A self-directed IRA is a retirement plan in which the account holder does not need a custodian to conduct transactions and has full control over all his assets. In other words, it is the perfect way to plan for your retirement.
Adam Bergman is a tax attorney and partner at a New York and Florida IRA firm. According to Adam, public interest in self-directed IRA has sky-rocketed over the past few years. There are many theories as to why this has happened but the most widely accepted one is that after the financial decline of 2008, people started to look for alternative ways to invest. After five years, the self-directed IRA has stood out as the most preferred retirement plan among them all.
With the way Wall Street had been doing, people had to stop depending on it and start looking to invest in something they had more knowledge about or were able to control. With a self-directed IRA, they had the option to invest in whatever they chose to, whether it was a friend’s business, gold, real estate or live cattle.
Presently, more than 45 million IRAs are there in the United States holding approximately $13 trillion in retirement assets. As the awareness of self-directed IRAs is spreading fast, more and more people are expected to join the club and according to estimates made by financial analysts, a further $2 trillion are expected to enter the self-directed IRA industry over the next two years.
Get more information on, The Truth about Self-Directed Retirement Accounts: Click Here
Why a Self-directed IRA is a Top Retirement Option
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