Rabu, 12 Agustus 2009

IRA Investment Options

IRAs have the distinction of being good for building respectable retirement accounts but as being too highly restrictive for really building wealth. This is mostly because the plan documents covering the majority of IRAs are restrictive (more so than the federal rules dictate). The financial institutions that wrote the first plan documents wanted their clients to invest mostly in securities and other, simple investments so other types of investments were restricted.

A self-directed IRA (formed with an LLC) puts the decision making back into the hands of investors. Your LLC gives you the freedom to purchase off-shore real estate, to flip property for profit, and to take advantage of most any investment opportunity that comes your way. A self-directed IRA not only allows you to participate in real estate transactions more freely, it allows you to do so more quickly and efficiently--without a boat-load of fees.

With a self-directed IRA, LLC, your investment options are limited only by your creativity and your opportunities. Setting one up is best done by contacting an experienced provider of such services, like NAFEP, that has laid the groundwork and found custodians for such non-traditional IRAs. Trying on your own, to find a custodian for a self-directed IRA that gives you checkbook control can be very difficult.

A New Paradigm

Traditionally people have considered their IRAs to be a safeguard rather than wealth builders. With an IRA, LLC, you need not be satisfied with growth rates in the single digits. It is possible to envision extraordinary growth, tripling and quadrupling your IRA's value, within relatively short periods of time. It will not just happen, however. You will have to take charge, put in the time and effort, and do your research, but the possibilities are endless.

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