by: Joshua Geary
Traditionally people have considered their retirement 401Ks and IRAs to be like safety nets rather than wealth builders. However, with the self directed IRA, you need not be satisfied with growth rates in the single digits. It is possible to realize phenomenal growth potential outside of the traditional IRA markets, tripling and quadrupling your IRA's value is not uncommon, within relatively short period of time. It will not just happen, however. You have to take the reins of your retirement portfolio, put in the time and effort, and do your research. The possibilities are endless to those who are prepared to make the investment paradigm shift.
Most savvy investors, due to the ups and downs of the stock market, are frankly not as confident as they once were in the old financial planner adage that the stock market is going to go up forever. If your memory is a little foggy, then reflect back just a few short years.
Concerned that you will not retire in comfort? Put your IRA money to work and truly diversify your IRA portfolio with alternative investment vehicles. Your banker and broker will not allow you to invest in alternative investments because they want complete visibility and control over your IRA. In the meantime, they are earning fantastic returns on your money. Isn?t it time you take the driver?s seat.
Fundamentally, what do you need?
? Sufficient funds in your self-directed IRA.
? Intimate knowledge of a permissible alternative investing strategy for the IRA (such as real estate investing, purchasing discounted paper, private money lending, or gold investing)
? A Self-Directed IRA Advisor that can share valuable information and advice.
? A low fixed annual fee to pay your custodian, while you maintain full checkbook control at all times. You ? not they ? issue the checks for managing your investment.
Provided you satisfy IRA regulations on the type of investments allowed for your self-directed IRA funds (real estate is only one of several possibilities), you can take charge of your financial future by turning that IRA into a high-earning instrument.
The IRS?s position is clear, as defined in their publication # 590: your IRA should be a separate and distinct entity from yourself. Whatever investments you make should benefit your IRA, and not you directly. Your self directed ira advisor will be able to explain the subtleties and refinements of this IRS publication.
It?s your money. If we told you that there are about $7 trillion dollars sitting in IRAs but of that amount, only 3% are self-directed, wouldn?t you be curious about how you can be part of that 3% that unknown to most, are enjoying unheard of returns?
About The Author
Dan Cordoba (CEA) Asset Exchange Strategies, LLC and Joshua Geary with Best Online Results turns your learning curve into a fast and easy profit curve by providing tips and trends that are affecting the self directed IRA real estate market. Subscribe to our free Monthly Real Estate IRA Newsletter at our website.
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Traditional IRAs: Still A Good Idea for 2006
Traditional IRAs: Still A Good Idea for 2006
by: Ken Morris
Mark Twain once said, "The rumors of my death have been greatly exaggerated." Like Mr. Twain's rumored demise, the notion that the traditional Individual Retirement Account (IRA) is no longer a useful part of a financial plan has been greatly exaggerated. Contributions to a traditional IRA continue to be a viable financial and retirement planning tool despite non-deductibility for some individuals.
All you need to make a traditional IRA contribution are earnings as an employee or as a self-employed person. The amount that can be contributed for 2006 is the lesser of $4,000 ($5,000 if you have attained age 50) or your earnings from your work. There is no minimum age for making a traditional IRA contribution for tax purposes. If a 16 year old works for the summer, makes $4,000 and blows it all at the mall, the tax code permits Mom, Dad or whomever to give him/her $4,000 to contribute...
Traditional IRAs: Still A Good Idea for 2006
Ira > Traditional IRAs: Still A Good Idea for 2006
Budgeting For The Future
Budgeting For The Future
by: Jennifer Clason
Have you sat down and really thought about your financial future? I know people are busy these days and you think "well I'm young now and I'll have time to do it later." You're dead wrong. You are NEVER too young to start saving for retirement!
They say if a 25 year old puts in $2.00 a day into a savings account ($60.00 a month), buy the time he reaches 65 he'll have a million dollars. However, what is a million dollars these days - really? It's practically chump change with rising housing and cost of living expenses.
So you have to make a budget to save for the future. Don't expect Social Security to kick in, they're having problems already - much less when you get to be that age!
Here are some strategies to help you save for the future and your retirement:
1. Make a list of your monthly income. Include everything from your wages to gambling winnings, child support receive, alimony,...
Budgeting For The Future
Ira > Budgeting For The Future
Planning For Retirement
Planning For Retirement
by: Stephen Kreutzer
When looking towards retirement many people just think about the joy of not having to work anymore. Unfortunately, even though a person retires they still have bills to pay. The need for careful planning is perhaps the most overlooked part of retirement. Having a set plan in place before retirement will help to ensure the golden years are golden.
The following list gives some great points on how to plan for retirement.
1. Save money. Before retirement setting up a savings account or 401K will get a person prepared for life without a steady paycheck. A 401K is usually sponsored through an employer where the employer matches contributions the employee makes. Money put into a 401K also goes untaxed which can mean immediate savings. IRA?s are also another way to save for retirement. These accounts are also not taxed.
2. Determine your expenses after retirement. A person should have a fairly...
Planning For Retirement
Ira > Planning For Retirement
Changing Jobs? Don?t let your 401(k) slip away.
Changing Jobs?
Don?t let your 401(k) slip away.
by: Ken Morris
Changing Jobs?
Don?t let your 401(k) slip away.
Today?s job market is more transitory than ever. And, as more and more individuals switch jobs, they begin to wonder what they should do with the money they have accumulated in their employer-sponsored retirement plans such as their 401(k) plans. The good news for 401(k) plan participants is that your retirement plan assets are very portable so you may be able to keep your existing 401(k) plan assets in a tax-deferred environment.
The trick is to resist the urge to use the monies. After tucking money away in your 401(k) for quite some time, you may be tempted to use it to treat yourself to a new car or some other indulgence. Because it could literally take years to replace your existing 401(k) funds, you should think carefully before prematurely taking money from your retirement savings.
A hasty withdrawal...
Changing Jobs? Don?t let your 401(k) slip away.
Ira > Changing Jobs? Don?t let your 401(k) slip away.
debt consolidation Concerned You Will Not Retire In Comfort?
Concerned You Will Not Retire In Comfort?
The Twist and Shout
The Twist and Shout
by: Ron LeBlanc
For the real estate investor this has a different meaning than for the musician. John Lennon would be shouting also about this concept. What I am talking about in regard to real estate is the twist. It is a way of seeing something in a property that no one else has seen. Let me explain.
I frequently come across properties, and in fact I look for properties that have been on the market for a long time and have a big...
glasses The Twist and Shout Concerned You Will Not Retire In Comfort?
Ira > The Twist and Shout
glasses Concerned You Will Not Retire In Comfort?
cosmetic surgery Concerned You Will Not Retire In Comfort?
Shingling a Roof
Shingling a Roof
by: Mark J. Donovan
Shingling or roofing a house is a major undertaking for a homeowner and extreme caution is required. This said, a Do-It-Yourselfer homeowner can shingle or roof their own home with a little knowledge and the right tools.
Required Tools
In order to roof a house properly and safely the following tools are needed: Ladders, Roof Jacks, Hammer, Carpenters Knife, Chalk Line, and preferably a compressor or nail gun. ...
Concerned You Will Not Retire In Comfort? ladders Shingling a Roof
Ira > Shingling a Roof
Finding Cheap Hotels
Finding Cheap Hotels
by: Hugh Goble
Cheap hotels for your travels can be easy to find if you know where to look. In every town there are cheap hotels that can make the difference between having a vacation or not. Where should you look for these hotels? Accommodation costs are a significant chunk of the total vacation expenditure and by staying in cheap hotels vacationers can afford to experience more of what a holiday destination has to offer.
Start by...
Finding Cheap Hotels hotels Concerned You Will Not Retire In Comfort?
Ira > Finding Cheap Hotels