Top 5 Reasons Why Americans are Turning to Self-Directed IRAs

by Anne Marie Rogers

W e’re about half way into a new year and it’s time to get serious about your financial outlook for 2021. Self-Directed accounts are changing the traditional ways of investing and helping people take more control by giving them more freedom. I’ve com - piled a list of the top 5 things you need to know about Self-Directed IRAs that is sure to change your views on invest - ing and get you on the path to financial freedom this year.

investments are the only options available to them, as this is typically what the major financial companies offer. However, Self-Directed IRAs open the Narnia-like door for the curious investor to a secret world of investments, filled with entrepre - neurs and real estate investors earn- ing tax-free money. All jokes aside, Self-Directed IRAs have a lot of mysticism around them that is funny to me, as this has been my world for the last 8 years. I’m a big believer in having a vari - ety of investments in your retire- ment account to hedge your bets and hopefully mitigate the risk of losing your nest egg. The beauty of Self-Di - rected IRAs is that you can reach true diversification, by investing in alternative or non-traditional invest- ments, such as a real estate, private companies, oil and gas, promissory notes and much more. Why not have your foot in both the public and pri -

vate side? In addition to having the opportunity to invest in alternative assets, Self-Directed IRAs also give investors the key to their metaphori - cal investment vehicle on the journey to retirement, allowing the account holder to choose all of their own investments. 2 THERE ARE 7 DIFFERENT ACCOUNTS YOU SHOULD CONSIDER FOR SELF- DIRECTION There are so many different accounts available for alternative investments, including Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, Individual 401(k)s, Coverdell Education Savings Accounts (ESAs) and Health Savings Accounts (HSAs). Not only can all of these accounts invest in things like real estate or private companies, but they can also be combined together to purchase



I can’t tell you how often I’ve been at a networking event chatting with someone about Self-Directed IRAs and they are absolutely blown away by the things they never knew were possible inside of these accounts. Many Amer - icans believe the myth that stocks, mutual funds and other traditional


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