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The Truth About IRAs

By Jim Witt

Finding an honest opinion about investing options can be very hard. The companies that offer the investing options only give the reasons why the options are so good. Individuals will also find very negative reviews by individuals who have had bad experiences with that investment option.

Generally the opinions given are very strong and on opposite sides. The positive and negative views should be considered before the individual begins the investment. The goal of this article is to inform individuals of some positive and negative this regarding a self directed IRA.

The self directed IRA is great for an individual that likes to have control over their investing. The owner of the IRA can decide which investments to participate in and how much. They run the plan of their retirement savings.

The owner is not alone in running the account because they have the help of their custodian. The custodian does all of the legwork and paperwork for the self directed IRA. The custodian keeps the IRA within the IRS and IRA regulations.

There are several investing options in an IRA. This gives the benefit of having a diverse portfolio. Individuals can invest in things like stocks, bonds, and real estate.

Even though the contributions to the IRA are tax deferred, it might not always be a good thing. The money is taxed once it is withdrawn from the account. The tax amount could be greater in later years than in the present.

Investing in precious metals and real estate could be more beneficial to do it outside of an IRA. IRAs have specific tax regulations that can and do exclude normal regulations. Outside of an IRA individuals can deduct real estate expenses like mortgage interest and depreciation.

Another negative thing with IRAs is the regulations that come with the investment options. One of the regulations is that the owner cannot be connected to any of their investments. The family members of the owner of the IRA are also not to be connected to any of the investments in the account.

NAFEP (The National Association of Financial and Estate Planning) is a leading provider of self directed IRA and self directed 401k products, administrative and custodial services.

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Article Citation
MLA Style Citation:
Witt, Jim "The Truth About IRAs." The Truth About IRAs. 15 Aug. 2010. 9 Sep 2014 <>.

APA Style Citation:
Witt, J (2010, August 15). The Truth About IRAs. Retrieved September 9, 2014, from

Chicago Style Citation:
Witt, Jim "The Truth About IRAs"

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