What is a Self-Directed IRA?

A Self-Directed IRA is just that, Self-Directed. YOU decide where your money goes with a variety of alternative investments, like real estate, gold, and crypto (not available to you with standard IRA accounts where the options are usually restricted to securities).  Plus, your retirement won't slowly disappear with hidden fees from custodians and firms.

Read More Below...

Are they legal?

Yes, Self-Directed Retirement accounts are perfectly legal as long as YOU follow the rules and restrictions using them.  Neither you nor anyone in your immediate family can benefit from these investments now.  This money is for later, AFTER you retire.  For example, you cannot stay in a vacation home your IRA purchases or get paid to manage units your IRA invests in.

Read More Below...

Aren't I Self-Directing now?

Some people believe they are already self-directing their accounts.  Simply because you've been given choices, like the choice to buy MFs as well as equities or the choice to invest in one catagory or another, does NOT mean you're self-directing.  Your money should be in a company that specializes in Self Directed Retirement Accounts and your account would be labeled as Self-Directed.

Read More Below...

What is a Self-Directed IRA or 401k?

An IRA is an individual retirement arrangement (although some say account) designed primarily for self-employed people.  A 401(k) is a retirement account set up through an employer.  Both are long-term savings accounts that allow people to save up for their retirement and enjoy the benefits of tax-savings, now or in the future.

A Self-Directed account is just that, Self-Directed. You can have a Self-Directed IRA and/or a Self-Directed 401k.  Self-Directed simply means you decide where your money goes (instead of a director or broker) with the added benefit of investing in a few more varieties of alternative investments, like real estate, gold, and crypto.  Many account holders with Self-Directed accounts enjoy the benefits of being able to see exactly what their fees are going to be when investing.  Gone are the days of hidden fees from custodians and firms. We like that part a lot!

Click here to see an interview with Tony Robbins explaining just what those hidden fees from directors cost account holders over the years.  Incredible, and not in a good way!

Are Self-Directed IRAs & 401Ks Legal?

While many brokers and directors would like to tell you that Self Directing your Retirement Fund is illegal, it is not. I've read stories of directors or their agents telling account holders that self-directing is "illegal" or "dangerous."  They've even misled account holders to believe they already ARE self directing their accounts when they absolutely are not.  It's misleading, at best, and flat out lying, at worst.  

Traditionally, employers set-up 401ks and IRAs with banks or brokerage firms who have to limit your investment options to only approved securities like stocks, bonds, exchange-traded funds (ETFs), and mutual funds. While you may get to choose which types of stocks or programs your investments go in, you are always at the mercy of these custodians and the choices they make, not to mention the fees they charge. 

Fees are taken out regardless of whether you make money or not. Worse, they are often hidden. Most custodians of large groups get hefty commissions just for placing your retirement into specific funds, even ones with a record of losses. So, when they discourage you from investing yourself, just remember you are their meal ticket and they don't want you or your money going anywhere. 

So, Why Should I Self-Direct?

You don't have to Self-Direct your money.  You can allow someone to invest it for you and pay them to do it.  Just remember, they get paid whether or not you make or lose money.  Their fees come out whether you make or lose money and those fees compounded and accrued over the years can cost you millions.  That's not an exageration.  

ksdf

Amazing Feature

Lorem ipsum dolor sit amet, metus at rhoncus dapibus, habitasse vitae cubilia.