TheĀ Investment League Blog

5 things you need to know about self-directed IRAs to set you on the path to financial freedom

investments iras retirement Feb 07, 2024

1. Self-Directed IRAs Unveiled

Self-directed IRAs offer advantages like expanded investment options, including real estate, private equity, and precious metals. It's like a treasure chest of financial possibilities. But keep in mind, they also come with their own set of tradeoffs and potential risks.

 

2. The Custodian Matchmaker

Choosing the right custodian is your golden ticket! Companies like Equity Trust, IRA Financial, and Advanta IRA will be your trusted allies. They'll protect your assets, navigate IRS rules, and make your financial journey smooth sailing.

 

3. It's Go Time - Opening Your Self-Directed IRA

Ready to get started? Opening your self-directed IRA is easier than you think. Just complete some paperwork, flash your ID, and fund your account with a rollover or contribution. Your chosen custodian will be your guide.

 

4. The Magic of Diversification

With self-directed IRAs, you're not stuck with just one investment type. Spice up your financial portfolio with real estate, stocks, bonds, precious metals, private equity.

 

5. Research!

Before making any moves, do your homework! Understand the risks, costs, and potential returns of each investment. And when you need some expert guidance, reach out to the pros!

 

My Gift to You

My pal Jason Powell and I wrote a book all about Self-Directed IRAs. Jason’s the real deal– an experienced corporate, securities and real estate attorney.

You can snag it for free as a thank you for being a part of our community. Click here for ‘The Ultimate Guide to Self-Directed IRAS for Real Estate Investors’ so you can discover how to grow and control your retirement fund.

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