Self-Directed IRAs – A Retirement Tool, or a Retirement Time Bomb?

Date February 2, 2012

A self-directed IRA is similar to a traditional IRA. In a traditional IRA you will invest your money in mutual funds, stocks, bonds, cash or other marketable securities offered by your brokerage firm/financial advisor. In this scenario, some of the due diligence has been done for you to make sure that the investments are generally sound. But the IRS does allow you to invest in other investments like privately held stock, real estate or certain precious metals within a self-directed IRA. "Self-directed" means just that - you are doing the due diligence and making all the decisions, so you really need to understand the rules.

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