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Self-directed IRAs are gaining popularity, and for good reason. In this video, I’m explaining self-directed IRAs, their benefits, and how you can decide if a SDIRA is right for you.

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What a Self-Directed IRA Is
A self-directed individual retirement account is a more flexible version of a traditional IRA. A self-directed IRA, or SDIRA, allows many more investment types than a traditional retirement plan. A SDIRA provides the investor with more control over their investment vehicles, and is not restricted to the standard IRA investments such as stock, bonds, and mutual funds. A SDIRA allows for a variety of investment options such as rental real estate, digital currencies, precious metals, and more.

How to Gain More Control with Your Retirement
When you invest inside of a self-directed IRA, you will have control over your investment decisions. There’s no company or broker telling you what to buy. You can invest as you see fit, based on your experience, knowledge, and financial goals. If you’re financially intelligent, having control over your life savings is wiser than having a random company employee make the decisions for you, and investing in a Self-Directed IRA makes that possible.

How to Know If a Self-Directed IRA Is Right for You
SDIRAs are best for those who wish to have more control over their portfolio. When your retirement is locked inside a 401k or traditional IRA, someone else is in control of your finances and your future. Plus, the stock market dictates how much money is left in your account at retirement time. If you want control over your retirement, a SDIRA would be a good fit.
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About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals….(read more)

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Self-Directed IRAs Explained (& Why They’re Gaining Traction)

Are you looking for an alternative way to invest your retirement funds? Have you heard about self-directed IRAs and wondered what they are all about? In this article, we will dive into the world of self-directed IRAs and explore why they are gaining traction among savvy investors.

First, let’s start with the basics. What is a self-directed IRA? Unlike traditional IRAs, self-directed IRAs give you more control over your retirement investments. With self-directed IRAs, you have the freedom to choose a wide range of investment options beyond the conventional stocks, bonds, and mutual funds.

This means you can invest in alternative assets such as real estate, private equity, precious metals, and even start-ups. The key is that the investments must be permitted by the IRS and comply with their guidelines. With a self-directed IRA, you become the “custodian” of the account and are responsible for making your own investment decisions.

So, why are self-directed IRAs gaining traction? There are several reasons why investors are increasingly turning to these alternative retirement vehicles.

1. Diversification: One of the main benefits of self-directed IRAs is the opportunity to diversify your investment portfolio. By including alternative investments, you can reduce your exposure to market volatility and potentially enhance your returns. Real estate, for example, has historically been a solid long-term investment option and can serve as a hedge against inflation.

2. Potential for higher returns: With traditional retirement accounts, your investment options may be limited to publicly traded stocks and bonds. By expanding your investment choices to include alternative assets, you open up the potential for higher returns. For instance, investing in a rental property can generate both rental income and long-term appreciation.

3. Control and independence: Self-directed IRAs give you full control over your investments. You don’t have to rely solely on investment advisors or fund managers. This level of control allows you to invest in what you know and understand best, empowering you to make informed decisions and take advantage of unique opportunities.

4. Tax advantages: As with any IRA, self-directed IRAs offer tax advantages. Contributions to traditional self-directed IRAs can be tax-deductible, and your investments can grow tax-deferred until you start making withdrawals in retirement. Roth self-directed IRAs, on the other hand, use after-tax dollars, but qualified withdrawals are generally tax-free. It’s always recommended to consult with a tax advisor to fully understand the tax implications of your specific situation.

5. Aligning with personal values: Self-directed IRAs give you the opportunity to invest in assets that align with your personal values. For example, if you are passionate about renewable energy, you can use your self-directed IRA to invest in solar farms or wind energy projects. This way, your investments not only generate financial returns but also have a positive impact on the world.

While self-directed IRAs offer numerous advantages, it’s important to note that they come with their own set of responsibilities and potential risks. As the custodian of the account, you need to thoroughly research and understand the investment options you choose to ensure they comply with IRS rules and regulations.

Additionally, not all custodians or financial institutions offer self-directed IRA services, so it’s crucial to choose a reputable provider with experience in handling alternative investments.

In conclusion, self-directed IRAs are gaining traction among investors seeking more control, diversification, and potential for higher returns in their retirement savings. By expanding your investment options beyond traditional assets, you can create a customized and potentially more lucrative portfolio. However, it’s essential to conduct thorough research and seek professional advice before venturing into self-directed IRAs to maximize the benefits and mitigate any potential risks.