Learn all about how your can control your IRA through a SDIRA!
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*Disclaimer: I am obviously not a CPA or professional asset planner. Always consult with your CPA, attorney, or IRA custodian prior to investing in new assets….(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
A self-directed IRA (Individual retirement account) is a type of retirement account that gives investors more control and flexibility over their investments compared to traditional IRAs. With a self-directed IRA, investors have the ability to choose from a wider range of investment options beyond the typical stocks, bonds, and mutual funds.
One of the key advantages of a self-directed IRA is the opportunity to invest in alternative assets such as real estate, precious metals, private equity, and even cryptocurrency. By diversifying their portfolio with these types of assets, investors can potentially achieve higher returns and mitigate risk in their retirement savings.
However, it’s important to note that investing in alternative assets through a self-directed IRA requires a high level of due diligence and expertise. Investors must be knowledgeable about the specific asset class they are investing in and be aware of any rules and regulations governing the investment.
Additionally, self-directed IRAs come with their own set of rules and restrictions. For example, investors cannot use their self-directed IRA funds to invest in assets that provide personal benefits, such as using a rental property owned by the IRA for personal use.
One of the potential drawbacks of a self-directed IRA is the higher fees associated with managing alternative assets. Custodians and administrators of self-directed IRAs may charge higher fees than traditional IRAs due to the additional complexity and risk involved in managing alternative investments.
In conclusion, a self-directed IRA can be a valuable tool for investors looking to diversify their retirement portfolios and explore alternative investment options. By carefully researching and understanding the rules and risks associated with self-directed IRAs, investors can potentially optimize their retirement savings and achieve their long-term financial goals.
You look great mate, well done.
I am glad you are doing great man. As they say the show must go on!!!!
a friend of mine was diagnosed with t cell lymphoma not easy I know it's more of a personal question but if I can ask when you lose hair it affects the entire body I.e. also in the privates?
hey Matt I'm not doing to great not cancer but so many urinary issues and I need a very scary spinal surgery that if I don't have it done my urinary issues will get worse I'm so happy to hear how you are doing you keep me going you look great thank g-d. This is why I won't ever give up
I’m so happy you’re doing well.
Matt, you look fantastic, sorry for your recent illness. Such a lovely young man, God bless.