With the use of a self directed IRA you are able to diversify your retirement portfolio. There are so many different investments opportunities that you can do through a self directed IRA. Really the only thing that holds you back from investing within a self directed IRA besides some of the rules is your imagination. There are however certain investments that are much more popular than others.
A few of the most popular types of investments in self directed IRA are real estate and gold. The traditional investments in IRAs and 401ks are stocks and bonds. What happens when the stocks and bonds you invested in value goes down to $0? Your investment is worth nothing and you have nothing to show for it but a paper asset.
So what are the benefits to having gold or real estate in your self directed IRA? You are actually owning or investing in a real tangible item. If you invest in gold with your self directed IRA you actually own gold. If the value of gold goes to $0 you still own the gold. If the value of the real estate you invested in goes to $0 you still own that real estate. That is one of the big reasons people invest with a self directed IRA. They don't like stocks and bonds and want something that they feel more comfortable investing in. Typically, gold and real estate is also a safer investment than stocks.
Now is a solid time to invest in gold or other precious metals with your IRA. When investing in gold with your IRA it is typically referred to as a gold IRA or a gold backed IRA. This is a very solid time to buy gold, silver and other approved metals. Gold is lower than the SMA for the past 14 and past 200 days and at the lowest price it has been in the last month. All while silver is lower than the SMA for the past 14 and 200 days as well. If you are looking for some more long term reasons as to why a gold ira is a great addition to your retirement account then please check out our article, Gold IRA Investing.
Another great thing about self directed accounts is that you have control them. You get to decide your investments and you have control of your account. No more worrying about what your account is invested in because you become the investor. Taking control of your retirement can be a great way to improve your retirement.
At Accuplan Benefits Serivces we can help you get started with a self directed IRA and invest in the things you want like a gold IRA. Contact us for more information on how investing in a self directed IRA and gold IRA can be beneficial to you. If you are ready to set up an account and want to start investing within a self directed IRA then set up a self directed IRA account now.
Author: Nick Barker