Self Directed IRA Custodian – A Ticket to the Poorhouse Or Road to Riches – What You Should Know

The right self-directed IRA custodian can provide a lot of help and information. But, there are a lot of new self-directed IRA custodians that don’t provide much of anything at all.

Read The Fine Print

They advertise free and easy on-line setup, but if you look closely, as I have, and read the fine print, they are not truly self directed accounts. They don’t offer all of the options allowed under the law. Like most companies, they have their own mutual funds. They want you to choose one of them and let your money sit there. That’s probably NOT what you want to do.

Complete Control

A self-directed IRA custodian should allow you to have complete control. The set up the account, but they charge a reasonable fee. You fund it, either with a transfer, a roll-over or other funds. Then you make all of the decisions. If you don’t tell your self-directed IRA custodians to do something with your money, no transactions will occur. Of course, you won’t be earning any profits either.

The Best Custodians

The best self-directed IRA custodians allow you to purchase traditional assets, such as stocks and bonds, but they also allow you to invest in real estate, mortgage notes and other more profitable choices. It’s always been important to diversify, but it’s even more so today.

Some People Are Suffering

People who do not have a self-directed IRA custodian or have not fully diversified are suffering right now. With the stock market fluctuation the way that it is, lots of people say that they cannot retire, even though they are well past retirement age. Of course, this is one reason that we have a high unemployment rate. People can’t afford to retire, so they’re holding on to their jobs longer.

You’re Not Going To Be One Of Them

You will compare self-directed IRA custodians and the fees that they charge. You’ll consider all of your investment options, so that you can quickly grow your retirement account and maybe even retire early.

With the right investments and a good self-directed IRA custodian, people are doing that, too. If you’re in your thirties and have already accumulated some funds, you can easily make $10,000 profits, several times per year. By the time you hit 60, you are likely to have several million dollars in the account. Anyone can retire on that.

Get Good Advice

In addition to shopping for self-directed IRA custodians, you should look for some good investment advice. There are new programs, today, that are “guaranteed” to make a profit for your account.

The Hidden Real Estate Market

Even in today’s real estate market there are many people in this country that could afford a reasonably priced house, but they find that none are available in their community. When they do find something affordable, they find that the neighborhood is highly undesirable. There is a surplus of large over-priced houses in planned communities, but there is nothing for low and middle income families.

Many new and seasoned investors are now making a profit from this situation. So, find a good self-directed IRA custodian and get some advice about investing in real estate. That’s the road to retirement.