Tune in Monday through Friday for another Real Estate Minute!

Come join us for Lunch and Learn every Wednesday from 11:30am-1:30pm, and for Beginning Real Estate Investing 101 meeting on the first Monday of every month, from 6:00pm-8:30pm!
Hickory Tavern: 1156 Parkside Main St, Cary, NC 27519

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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 is a type of retirement account that allows investors to have more control over their investment choices. Instead of being restricted to traditional options like stocks, bonds, and mutual funds, individuals with a self-directed IRA can invest in a wider range of assets, including real estate, precious metals, and private businesses. Here are three benefits of a self-directed IRA, according to John Ford, an expert in retirement planning and investing from BiggerPockets.

1. Diversification: One of the key advantages of a self-directed IRA is the ability to diversify your investment portfolio beyond stocks and bonds. By including alternative assets like real estate or precious metals, you can spread out your risk and potentially earn higher returns. Diversification is essential for long-term financial success, as it can help protect your investments from market volatility and economic downturns.

2. Increased potential for higher returns: Investing in alternative assets with a self-directed IRA can provide the opportunity for higher returns compared to traditional investments. For example, real estate has historically delivered solid returns over the long term, and investing in rental properties through a self-directed IRA can generate passive income for retirement. By diversifying your portfolio with different types of assets, you can potentially boost your overall investment returns and build wealth more quickly.

3. Control over investment decisions: With a self-directed IRA, investors have more control over their investment decisions compared to traditional retirement accounts. Instead of relying on a financial advisor or fund manager to make investment choices on your behalf, you can personally select the assets that align with your financial goals and risk tolerance. This level of control allows you to tailor your investment strategy to suit your individual needs and preferences, giving you greater autonomy and flexibility in managing your retirement savings.

In conclusion, a self-directed IRA offers several benefits for investors looking to take more control over their retirement savings. From diversification and potential for higher returns to increased autonomy in investment decisions, a self-directed IRA can empower individuals to build a more robust and personalized retirement portfolio. By exploring the possibilities of alternative assets and leveraging the flexibility of a self-directed IRA, investors can optimize their long-term financial success and achieve their retirement goals.