"Safest money investments"
Self-Directed IRA Real Estate Investing
Is your IRA Fund Manager looking
out for your nest egg or their own?
"Up until a few years ago, I managed my Individual Retirement Account investments from a distance. A loooong distance. At the time, I just felt that was what my IRA investment company was paid to do, not me.
Eventually, as retirement became more and more real, I realized that I needed to get a better handle on my finances. So, I started surfing on the internet until one day I stumbled across a free basic retirement calculator and started filling in the blanks.
I quickly realized that I needed serious retirement help. So, I started studying everything I could find about investing for retirement: I took courses, studied books and tapes, CD/DVD's, attended seminars and workshops - you name it.
In the process, I found out that my IRA investment company didn't offer most, if not all, of the best Alternative Investments available! Missing were things like raw land developments and other forms of real estate, precious metals & gemstones, commodities, oil & gas investments, and a whole universe of other alternative investments.
So I set out to find answers. What if I wanted to invest in alternative investments like real estate in my IRA? How would I do it? "
Question: Why wasn't my IRA investment company telling me about these alternative investment options?
Answer: Because they only earn commissions on the traditional investments (stocks, bonds, mutual funds, etc.) that their own company offers.
Here's the bottom line: most financial advisers and virtually all IRA investment companies deal primarily in 'Traditional Investments' like stocks, bonds and mutual funds.
In fact, the majority of Individual Retirement Accounts in the United States (96%) today are invested almost entirely in these "traditional Investments".
WHY? Because, people are not being told that they can invest their IRA money in a whole slew of other alternative investments like real estate. And, as a result, most people are not properly diversified and don't even know it!
So what can you do? Personally, I took control of my retirement money. I converted my old Traditional IRA Account into a new Self Directed IRA Account. Now I am able to invest in the same Traditional Investments as before, but I can ALSO invest in a broad new spectrum of Alternative Investments like real estate, precious metals, commodities, small businesses, oil & gas investments, etc.
Question: What is a Self Directed IRA?
Answer: A Self Directed IRA is legally no different than any other IRA. The big difference is that with a self directed IRA you get to choose from a much broader selection of investment alternatives such as real estate. You have much more flexibility and control.
For self directed IRA setup, you simply need to transfer your old IRA account assets to a new 3rd party "IRA custodian" to serve as the administrator for your new self directed IRA account. It's a surprisingly painless process.
There are a number of self directed IRA custodians available in the US. The IRA custodian I use is PENSCO Trust Company. PENSCO have been around since 1989 and they service customers in all 50 states. (Click the book image link below for a FREE eBook from PENSCO Trust Company with answers to 50 FAQ's about self directed IRA's):
Self directed IRA accounts are growing rapidly in popularity, but they still only represent about 4% of all the IRA funds invested in the US. However, people like me are catching on and word is spreading about the benefits of having a self directed IRA.
Click on the book image below more information about self directed IRA real estate investing. I highly recommend it. In fact, I have invested with the author's company in some personal investments of my own (Sage Harbor IRA Investments).
You can order the book at the bottom of this page directly from Amazon.com at a discount.
Self-Directed IRA Real Estate Investing
