How risky is your retirement account (your IRA or 401k)? What is it invested in? Do you know some of these crucial answers? If you do not these answers you need to take charge of your IRA or 401k now and investments today. One thing you may find is that you are only invested in stocks, bonds and the typical investments. You will probably notice that none of your investments are in physical assets. Why aren’t we investing in these physical assets with our retirement accounts? The major reason is that our investment firms do not allow for these types of items inside of our retirement accounts. Why do they not allow for these types of investments? Simply because they make money elsewhere or because it isn’t their expertise. These physical assets can be a great investment to truly diversify our IRA or 401k.
Switching up some of our investments by investing in physcial assets such as gold or real estate to just name a few can be a great addition to your IRA or 401k. How is this done? It is done through a self-directed IRA. A self-directed IRA allows for non-traditional investments like real estate and gold or even private placements. There are so man possibilities and you get to make the decision as to what you are investing in. For self-directed IRA basics check out the following video and feel free to contact us for more information.
Author: Nick Barker