The
problems:
Many people will ask: "Where do I get the
money from, my deposits, IRA's, Keough...what?"
The answer is "Yes!"
If
your money is in CD's or other accounts all you
have to do is follow your institution's rules
for withdrawal. If your money is in an IRA or
other investment instrument read the info to the
right:
Links:
FAQ's from Safeguard Financial:
http://www.ira123.com/self-directed-ira-faq/
Wikipedia:
http://en.wikipedia.org/wiki/Self-Directed_IRA
Self-Directed IRA:
http://www.selfdirectedira.org/
Setup above:
http://www.selfdirectedira.org/index.php/sdira-setup
How it works:
http://www.selfdirectedira.org/index.php/how-it-works |
|
From
Trump University:
Supercharge
Your Retirement!
Self-directed IRAs: Investment Vehicle of the
Rich
Where
is your retirement money? And how much are you
earning on it? If you're settling for poor returns
with stocks, bonds, mutual funds, or CDs, you
need to reevaluate. Many savvy investors are putting
their money into high-yielding, real estate-backed
investments where they don't have to sweat the
volatility of the stock market.
You
could be doing the same. In fact, anyone can.
The secret is self-directed IRAs!
Self-directed
retirement accounts have been around for several
decades, but they have only recently gained popularity.
And even at that, "popular" is a relative
term. While more than 40 percent of the population
holds some type of IRA, it is estimated that less
than one percent take advantage of a self-directed
account.
The
Self-directed Retirement Plan
So what is a self-directed IRA? To understand,
let's first look at traditional retirement plans.
Most retirement plans [Traditional IRAs, 401(k)s,
etc.] restrict their investors to a mix of stocks,
bonds, mutual funds, CDs, etc. This probably sounds
familiar to you.
Not
a self-directed account. A truly self-directed
retirement account empowers you to invest in ANY
assets that are not prohibited by the IRS. What
kind of investments do they allow? Almost anything!
Most self-directed IRA custodians accept:
Real
Estate Notes and Mortgages (or Trust Deeds)
Contracts for Deed
Mobile Home Notes
Business Notes
Automobile Notes
Secured or Unsecured Loans
Investment Real Estate
Options on Real Estate
Lease Payments
Tax Lien Certificates
Accounts Receivable Financing
Invoice Factoring
Limited Partnerships and LLCs
Traditional Stocks, Bonds, CDs, and Mutual Funds
And the list goes on!
Imagine trying to invest in those with your current
IRA custodian!
Self-directed
Key Facts
Setting up a self-directed account is not difficult.
You can use direct or rollover contributions from
your current retirement accounts to fund it. But
before you do so, here are several key facts you
should know:
Self-direction
is a specialized field and there are only about
a dozen or so companies who offer it. A search
of the Internet will reveal custodians (also called
administrators) who offer this service.
When
self-directing retirement funds, it is important
to verify that the investment meets IRS guidelines.
Most collectibles are disallowed by the IRS. Here
is the list of things the IRS says you may NOT
invest in:
Works of Art
Rugs
Antiques
Metals
Stamps
Coins
Alcoholic beverages
You can legally access your existing IRA, 401(k),
403(b), or other retirement funds and rollover
those monies to fund your self-directed account.
Why
Self-direct?
There are two primary reasons people choose to
self-direct their retirement accounts:
They
want control over their investment decisions rather
than relying on someone else to decide what is
best for their retirement account. As we often
say, "No one cares about your money like
you do."
They want to tap into higher rates of return often
available through nonstandard investments.
You may not realize you can have more than one
retirement account. The fact is, you can have
dozens. For example, you can have a traditional
IRA account, a Roth IRA, and a self-directed IRA--all
while participating in the 401(k) at your place
of employment. So don't think it's all or nothing
when having a self-directed IRA.
Check
with your CPA for specific IRS rules, but the
government is generally pretty generous with allowing
you to secure your retirement the way you want.
That's why there's no reason for you to settle
for poor returns or stock market volatility. With
self-directed retirement accounts, you can REALLY
diversify. Have fun with the process and watch
your accounts grow.
Article
link is
here. |