5 Mind-Blowing Facts About Retirement Planning

Have you ever thought about how you can enjoy your life even after retirement? At a time when all a person wants to do is relaxed? Well, you are not alone because this thought crosses every person’s mind at some point in their lives. The sooner you decide to get yourself a good retirement plan, the better off you will be by the time the golden years of your life come around. Just like any major decision of your life, you would want to do a good amount of research just so you don’t end up regretting something that could have been so much better had you made a small change. Listed below are five facts you probably didn’t know about retirement planning, so you can help yourself arrive at a conclusion.

1. You can have greater control over your retirement funds

If you sign up for a traditional retirement account, you will have to contact your custodian or brokerage firm every time you want to transfer money for investment purposes. With a self-directed IRA, on the other hand, the checkbook model lets you make transactions as and when you please. You can save time by just writing up the check and signing it and you don’t have to worry about your custodian being available on certain days of the week.

2. You can withdraw from your self-directed IRA

It is a common perception that it is illegal to withdraw from retirement accounts because the purpose of such an arrangement is to save up for retirement. You can withdraw cash 1/2 from your account whenever you want, by paying a small penalty for your action. After all, there is no such thing as a free lunch.

3. You can invest in things other than stocks, bonds and mutual funds

Know of a certain piece of land whose price you expect to triple in a few months? You can invest in it tax-free by opening up a self-directed IRA. You can’t do this using any other type of retirement account. The only condition is that the cash should come from the account and the profits will be transferred to that same account. You will be able to freely use that money once you reach the age of 59½.

4. The self-directed IRA is less popular than other retirement plans because of lack of media coverage

The reason people haven’t heard of the self-directed IRA is that it is not properly covered by the mainstream media. There is so too much to gain for investors from this type of account that custodians feel they are better off not advertising this account. If you know of a certain company that offers to set up self-directed IRAs, you should contact to get your own account.

5. It is free to roll over your funds from other retirement accounts

Though you have to pay some money to get your self-directed IRA account up and running, no charges will be incurred if you want to move the money in your traditional or Roth IRA into your brand new self-directed IRA.

George Smith is President and CEO of Self-Directed LLC IRA. His company specializes in providing expert advice, guidance, and consulting for those interested in Self-Directed IRA’s (SDIRA). George is an accomplished businessman and experienced professional consultant dedicated to help individuals in achieving their personal and financial goals through SDIRA’s.

What They Don’t Want You to Know About Self-Directed IRAs

Did you know that you can invest in real estate on a tax-deferred basis using a retirement account? You probably didn’t because you have never heard of anything like this before. The truth is that with a self-directed IRA, you can invest in any business you want. Some of the other investment options for the self-directed IRA account holder includes LLC, stocks, hedge funds and mutual funds. Custodians and brokerage firms stand to gain more from the traditional retirement accounts than from the self-directed IRA. This is why the correct information about this particular retirement account is not that widespread.

The self-directed IRA is not legal and permitted by the Internal Revenue Service (IRS), but people are actually encouraged by the government body to use this account instead of the other more traditional ones.

Self-directed IRA accounts are managed by custodians, who can either work alone or represent certain financial institutions. Before signing up with a custodian to start a self-directed IRA, you would want to make sure whether or not the IRA is “truly” self-directed. With the truly self-directed IRA, you would expect to be able to invest in real estate and also have control of your own money by keeping a checkbook linked to your account. This way, you will have to neither contact your custodian every time you want to transfer money, nor pay transaction fees.

The big time investment firms want you to think that the 401k along with a few of its types is the only option you have as far as retirement planning is concerned. They want you to stick to the stocks, bonds and mutual funds and just earn the think margins of profits so you will have just enough to feed yourself by the time you retire. With a self-directed IRA you can live a luxurious post-retirement life if you play your cards right and use your experience to make the correct investment decisions.

If you hire the services of a qualified custodian, the whole process of opening up a self-directed IRA account is as smooth as silk and if you have all your papers in order, it shouldn’t take too long a time either. If you are a rookie investor just starting out in the business of retirement plans then you will most probably have a hard time trying to set up an account for yourself. Also, before choosing a certain broker to open an account with, you would want to make sure that the person is accredited and qualified for the job by calling the relevant authorities of your state.

You can think of the self-directed IRA as the holy grail of retirement accounts as there is a wide array of options available to you and the margin for making a mistake is quite small. If you can invest in whatever business you like (apart from two or three restrictions) on a tax-free basis, there really isn’t too much more that you can ask for.

George Smith is President and CEO of Self-Directed LLC IRA. His company specializes in providing expert advice, guidance, and consulting for those interested in Self-Directed IRA’s (SDIRA). George is an accomplished businessman and experienced professional consultant dedicated to help individuals in achieving their personal and financial goals through SDIRA’s.

How You Can Invest In Gold Bullion Without Paying Tax

Are you worried about whether you are going to be able to live comfortable after the age of retirement? This is a common worry pretty much everyone has at some point in their life. Thankfully, there is a way you can breathe easy by knowing you will have enough money at your disposal by the time your golden years come around. First things first, you should open a retirement account. You have plenty of options available but you would want to go for a self-directed IRA because of the many investment options you would have for yourself. Additionally, you would be able to have control of your own funds.

After you have opened a self-directed IRA, you will want to know what to invest in because, as mentioned before, you would have too many investment options and it is hard to know which to go for by looking at the current market condition. Real estate can be a very good option because of the high profit returns you can expect. Also, there is not a lot of risk associated with the real estate market.

Another very good option is gold bullion. Since the ancient times, gold has been a valuable asset because of its near indestructible nature, beauty and rarity. As a result of this high demand, it has in modern times become a means of exchange and universal century. It has been this way for centuries and the status of gold is not expected to change for more centuries to come.

Under normal circumstances, you would have to pay taxes for the gold coins or bars that you would buy for the purposes of investment. If, on the other hand, you use a self-directed IRA to invest in the same assets, your profit will be stored in your account on a tax-deferred basis. This means that you would not have to pay a dime in the name of taxes. If you have had to pay taxes on your investments, then you would know exactly how much money you would be able to save if you use your self-directed IRA for investment purposes. And best of all, this money would be available to you when you need it most; at your retirement age when you most likely would not be working.

Even if you want to withdraw the money before reaching the age of 59½, you can do it but you would have to pay a small percentage of the withdrawn amount as penalty and taxes.

The process of starting a self-directed IRA is very easy if you can find a good broker or custodian who can help you through the paperwork. People new to the business of retirement accounts would find the process a little cumbersome and the best advice is to find someone who specializes in these affairs to help you out.

George Smith is President and CEO of Self-Directed LLC IRA. His company specializes in providing expert advice, guidance, and consulting for those interested in Self-Directed IRA’s (SDIRA). George is an accomplished businessman and experienced professional consultant dedicated to help individuals in achieving their personal and financial goals through SDIRA’s.