Real Estate Marketing & Beyond
If you are sick and tired of the roller coaster ride the stock market takes your Individual Retirement Account (IRA) on, you need to take the time to learn about alternative investments that you can invest your IRA in. For most American's, their retirement account represents their second largest amount of wealth, behind their principle residence. Yet few people take the time to learn how to best invest an IRA. It is far from being limited to savings accounts, the stock market, and bonds. You can invest your IRA in almost anything - including real estate.
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You need to accept the fact that your future retirement security is your responsibly and not the responsibility of a disinterested third party such as a financial adviser. Your IRA is not some out of sight, out of mind savings account that will magically grow over the years and then automatically provide you with a luxurious, no worries retirement. Your IRA needs to be aggressively managed by you if you want a healthy retirement. You should be treating it as your "wealth accumulation plan".
With a self directed IRA:
· You are directly in charge of your investments with a custodian available to make sure you are IRS compliant on every investment you make.
· You are able to create your own financial future.
· You will exceed your retirement goals and have fun doing so.
· With a self directed 401k you can eliminate the custodian to be in 100% control of your retirement account. However, this option is only available to the self-employed.
Investing your IRA in residential and commercial real estate is a great alternative to the stock market. However, alternative investments are not limited to real estate. You can invest in almost anything, including private equity, promissory notes, gold, oil, gas, cattle, etc. For the best gold and gold investment schemes, best gold ira is mandatory.
There is very little that your IRA can't invest in but there are a few investments that are off limits. These include:
· Insurance
· Collectibles such as art, jewelry, and cars
· S Corporation stock
· Assets held by close family members
Financial planners and brokers have an inherent conflict of interest. Their financial gain is dependant on generating fees and commissions by churning your IRA account. They don't have their own money on the line and will naturally take higher risks with your money in an effort to generate higher returns and higher commissions for them.
Many people have moved from one company to another and left a retirement plan behind. This can be either a 401k or an IRA. These can both be rolled over into a self controlled IRA that you take full control of to make your own investing decisions.
When you move your retirement savings to a self directed IRA, you take full control of your financial future. You can research residential or commercial real estate to find investments that will reliably deliver double digit returns for years to come. As you find better investment opportunities, you can sell poorer performing investments to purchase better paying investments. This is a better wealth creation formula than letting others control your financial future.
Author bio: Brian Kline has been investing in real estate for more than 30 years and writing about real estate investing for seven years. He also draws upon 25 plus years of business experience including 12 years as a manager at Boeing Aircraft Company. Brian currently lives at Lake Cushman, Washington. A vacation destination, a few short miles from a national forest in the Olympic Mountains with the Pacific Ocean a couple of miles in the opposite direction.
Where is the "Understanding How to Buy Real Estate" part of this article?
Sorry if I wasn't clear. The focus of the article was on using your self-directed Independent Retirement Account (IRA) to invest in real estate. I'm probably going to expand on the subject in the future. Maybe that will help clarify the subject.
Great intro to real estate investing with an IRA! If anyone is interested in transferring an old 401(k) to a self-directed IRA, The Entrust Group is offering free transfers/rollovers right now
Thanks Serena. I know Entrust Group is the big player in alternative IRA investing.
Brian Kline