Have you ever thought that maybe using a checkbook in this electronic age is quickly becoming extinct? If you have ever wanted to handle your own financial planning future, you might think again. Using your checkbook with a Self-Directed IRA is now the hip way to make your old-school checkbook seem new again.
You are not alone in wanting to make this change. There is an increasing popularity among Individual Retirement Account (IRA) owners who are tired of the mediocre returns they are getting on their nest eggs. Tired of waiting for their ships to come in, they are taking the helm and steering themselves to a new financial world by making investments of their choosing.
Instead of sticking to traditional investments, you can use a Self-Directed IRA to purchase non-traditional IRA investments such as purchasing international or domestic real estate, mortgages and trust deeds, tax liens, private partnerships, limited liability companies (LLC’s), business opportunities – your options are endless.
Typically, IRA account supervisors are banks and brokerage firms. The problem being these institutions hope you will stick to such choices as certificates of deposit, stocks, mutual funds and annuities. They make their commissions by selling you, the account holder, their own products.
Using a Self-Directed IRA with checkbook control in your financial planning will put you in control of your retirement funds and will enable you to determine how, when and where your retirement plan and pension plan funds are invested. A new world of investments beyond your bank or brokerage company is opened up to you.
It’s simple really, when you are ready to purchase an investment, all you need to do is write a check from your bank account. No longer is there a need to wait through any red tape. As for administrative costs, those are gone also.
You are the one who worked so hard to grow your retirement fund. Why give over that control to someone else only to see it become stagnant? When you use a Self Directed IRA to make the investment, you, acting as the manager, call the shots. No longer are you limited to what your money can do for you.
If you have been discouraged with the amount on returns or are you concerned about the safety of your Individual Retirement Account (IRA) then you need to take direct control of your IRA, 401k or other retirement funds using checkbook control.
NAFEP (The National Association of Financial and Estate Planning) wants to put you in control of your finances with the following: self directed IRA and self directed 401k products, administrative and custodial services.
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Topics: Investing | Comments Off
MLA Style Citation:
Coktostin, John "Using Your Checkbook With A Self-Directed IRA." Using Your Checkbook With A Self-Directed IRA. 25 Jun. 2010. uberarticles.com. 6 Feb 2016 <http://uberarticles.com/finance/investing/using-your-checkbook-with-a-self-directed-ira/>.
APA Style Citation:
Coktostin, J (2010, June 25). Using Your Checkbook With A Self-Directed IRA. Retrieved February 6, 2016, from http://uberarticles.com/finance/investing/using-your-checkbook-with-a-self-directed-ira/
Chicago Style Citation:
Coktostin, John "Using Your Checkbook With A Self-Directed IRA" uberarticles.com. http://uberarticles.com/finance/investing/using-your-checkbook-with-a-self-directed-ira/
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