CONTROL YOUR FUTURE Self-Directed IRAs Can Lead to Retirement Success—With the Right Guidance
S elf-directed IRAs are an excellent option for retirement investments. They allow you to fund your retirement using assets you know a lot about, such as real estate. But self-directed IRAs, particularly ones with checkbook capa- bilities, are not for every investor. Knowing the advantages and disad- vantages of self-directed IRAs will help you make the best decision for your retirement investments.
can purchase assets like common stocks, bonds and mutual funds. A self-directed IRA allows you to invest in anything ex- cept life insurance and collectibles. (The IRS defines collectibles as artwork, rugs, antiques, gems, stamps, coins, alcoholic beverages, metals and coins, with some exceptions for certain kinds of bullion and certain coins.) A conventional Roth IRA is the same as a self-directed Roth IRA, except you
So, should you invest in self-directed IRAs or in conventional IRAs? And what is the difference? Before you decide, let’s go over the basics. IT’S WHAT’S INSIDE THE INVESTMENT THAT COUNTS The only difference between an IRA and a self-directed IRA is what’s con- tained in the account. With an IRA, you
26 THINK REALTY INVESTOR REVIEW
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