When it comes to your retirement, there is no one on the planet who cares as much about it as you do. If you haven’t been giving it much thought, this fact should be a scary one, but it is not too late to get on track. Many people have an automatic withdrawal into an IRA, which is a very good thing, indeed, for those who are not interested in maximizing their retirement potential. An IRA generally moves along and builds pretty much at random as money is distributed. However, if you want to grow your retirement into truly golden years, you are going to need a lot of money. This is where we begin talking about self-directed IRA LLCs and self-directed IRA Real Estate accounts.
The whole idea is that you, as the person who will benefit from your retirement accounts, need to take control of your money. Whether you do a rollover IRA to 401k, go with a solo 401k, or go into a self-directed IRA of one sort or another, the fact is that you need to be the one making the decisions about your money. It is far easier to just let things go as they have been, changing with the economic winds and depending on strangers to make essential decisions, but, as previously stated, you are the only one who cares about your financial well being.
In a self-directed IRA LLC, your money comes under your direct control. You make the decisions about where to invest that money and how much risk you are willing to assume for your resources. As the daily news tells us, the economic outlook is extremely mixed with ups and downs happening almost faster than a person can keep track. The people who are presently taking care of you are concerned about you, of course, but they are also concerned about their own bottom line, and yours is not really their first attention grabber.
There are many different financial instruments out there. A self-directed Roth IRA is a possibility you might want to review because it invests money after the taxes have been taken out. This means that when it comes time for the interest to be your retirement income, that money is tax free. The IRA that you choose is your choice, and that is the primary point of the exercise: it is your money; you decide where it is and what it does.