Why Self-Directed IRAs Are Becoming More Popular
Why Self-Directed IRAs Are Becoming More Popular
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Self-directed IRAs are becoming more popular. That’s a fact. What you may not understand is why. Mutual funds, stocks and bonds; what do they have in common? They are all investments you can make with your self-directed IRA money. How about real estate, notes, tax liens and mortgages? These are investments you can make with your IRA account funds as well, but that are rarely, if ever, offered by traditional IRA account managers.
How Entrenched Institutionalism Could Be Deflating Your Retirement Fund
Most IRAs are overseen by account managers, benefits directors and/or fund managers. Many of these professionals are employed by companies who promote a portfolio of products. They are paid commissions on selling these products, hence, have no incentive to go outside of that realm.
The marketing machine behind large Wall Street companies work hard to keep their products front and center. Account managers, fund managers and benefits administrators are all influenced by this advertising. And when it comes to choosing investment funds in which to put your money, they are more apt to go with traditional investments like stocks, bonds and mutual funds.
Even if these funds return less, it’s easier to go with what Wall Street “experts” are touting than to seek out nontraditional vehicles that offer greater returns.
Nontraditional investments like real estate are not offered by the vast majority of retirement funds. This in essence means that you are cut off from investing in the number one investment vehicle that leads to wealth in America – real estate.
The Power of One
And, this is why you need to be in charge of your retirement account. A fund administrator has hundreds or thousands of investors to invest for. You only have you. The power of one is a force to be reckoned with.
This means you can put in the time, energy and research necessary to find the best investments so that you can retire securely. No one cares as much about, or is as invested in your future as you are. Shouldn’t you then be the one to make the investing decisions affecting your life?
A self-directed IRA puts the power of investing in your hands. It’s the ultimate power of one. Contact a self directed IRA specialist today to start maximizing your account returns.
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