INVESTOR RESOURCES
SELF-DIRECTED
Making the SAFE Choice
SELF-DIRECTED IRA PROVIDERS ARE NOT ALL CREATED EQUAL
by Anne Marie Rogers, Marketing Officer and CISP at Quest Trust Company
he last decade brought about a sweeping change to the world
knowledge and invest in private as- sets, such as real estate, promissory notes, private companies and more. As more Americans begin to real- ize that they have the ability to part ways with the traditional methods of investing and that they hold the keys to their metaphorical financial vehi- cle, it is important to mention that not all Self-Directed IRA companies are created equal. The easiest way to identify the best Self-Directed IRA provider is by making the SAFE decision; an acronym that represents the provider’s Specialization, Ac- count fees, Funding timeframe and Education.
T
SPECIALIZATION The investment interests of an individual should be one factor that dictates their selection of a Self-Di- rected IRA provider. Choosing a provider that specializes in a spe- cific investment type is important, especially as a portfolio begins to grow into advanced investments. Investors may experience a learning curve when doing a new or advanced investment, however the Self-Direct- ed IRA provider should already be well versed in the investment type. Choose a provider that can educate you on their internal process for
of investing. The genesis of this change occurred around 2007, when Americans faced the hardship of the financial crisis. Despite the strug- gles of many nationwide, Americans began seeking new opportunities to regain their financial stability. Though Self-Directed IRAs have been in existence since the 1970s, it is apparent that there is a link between their dramatic increase in popularity and a change in mindset for the average American. Self-Directed IRAs provide inves- tors with the opportunity to use their
86 | think realty magazine :: august 2020
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