Arizona attorney Andy Fowler and Ohio attorney Jeff Watson discuss the definition of a self directed IRA. Jeff explains the types of investments that can be made through an IRA….(read more)

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A Self Directed IRA (Individual retirement account) is a type of retirement account that gives you more control over your investment options. Unlike traditional IRAs, which typically limit your investments to stocks, bonds, and mutual funds, a self-directed IRA allows you to invest in a much broader range of assets, including real estate, private equity, precious metals, and more.

So, what can you do with a self-directed IRA? The answer is: a lot. Here are a few of the investment options available to you with a self-directed IRA:

Real Estate: With a self-directed IRA, you can invest in residential or commercial real estate, including rental properties, fix-and-flip projects, and raw land. This can be a great way to diversify your retirement portfolio and potentially earn higher returns than with more traditional investments.

Private Equity: Many self-directed IRAs allow you to invest in private companies and startups, giving you the opportunity to participate in potentially high-growth, high-reward ventures.

Precious Metals: If you’re interested in diversifying your portfolio with tangible assets, a self-directed IRA can allow you to invest in precious metals like gold, silver, and platinum.

Cryptocurrency: Although the IRS has specific rules around cryptocurrency investments in retirement accounts, some self-directed IRAs do allow for investment in digital currencies like Bitcoin and Ethereum.

Foreign Currency: For those interested in the forex market, a self-directed IRA can allow you to invest in foreign currencies.

Other Alternative Investments: Self-directed IRAs can also be used to invest in a wide range of alternative assets, including private lending, tax liens, structured settlements, and more.

It’s important to note that while self-directed IRAs offer more flexibility in terms of investment options, they also come with more responsibility. You’ll need to carefully research and understand the investment options available to you, and you’ll also need to ensure that your investments comply with IRS rules and regulations.

Additionally, it’s important to choose a reputable custodian for your self-directed IRA. A custodian is responsible for holding and managing your IRA assets, and they can have a big impact on your overall investment experience. Look for a custodian with experience in self-directed IRA administration and a track record of excellent customer service.

In conclusion, a self-directed IRA can be a powerful tool for diversifying your retirement portfolio and potentially earning higher returns. With the ability to invest in a wide range of alternative assets, you have the opportunity to take more control over your financial future. Just be sure to do your homework and seek advice from financial and tax professionals to ensure that your self-directed IRA investments align with your long-term financial goals.