In 2013, I attended a workshop on different types of business ventures. Here are some of the things I learned about Self-directed IRAs.
– USelfDirect.com
– You can choose what investments you make, and you get the profit over brokerage firms doing it for you and you not get the money.
– 401(k) has fees and Pratt loads etc.
– 401(k)s have outdated tools and strategies. You need to be updated to the self-directed for one.
– Self-directed can include stocks and residential real estate.
– Setup of self-direct:
Two page form and company horizon can help you set up and train you for self-directed for one’s
Fund the account: ages under 50 can add up to 5,500 a year; 50 years plus can have up to 6500
– You can transfer your current 401 over into of self-directed fund
– This permits you to be in control of your own money
Have something to add to the list, please do so in the comment section of this blog.