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VA Buyers srill get a $8000 rebate!
What is a self-directed IRA?
What is a self-directed IRA? A Self-directed IRA is a retirement plan set up in a way that will finally provide the golden parachute to the individual retiree that the corporate world has been providing to its executives for years. This is especially true for those who will be self-directing their IRAs. Banks administer IRAs for individuals and provide product for those IRAs to invest in. Typically the products provided by banks are certificates of deposit and mutual funds. Insurance companies provide another home for IRAs and also provide the product for investment: usually annuities. A third option is stock brokerage houses, which allow investment in products they sell: Primarily stocks with mutual funds. An independent administrator on the other hand, administers the self-directed IRA. That means the administrator has no product to sell. You, the account holder, are the one who chooses the products in which to invest. You can choose real estate, mortgages, or any number of investments including the more traditional ones mentioned above. As always, let me caution you to seek the assistance of appropriate professional advice from your attorney, CPA, before accepting any investment advice for your IRA.
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