In this episode the CashFlowGuys dig into Self Directed IRA's and how to use them to rapidly build your retirement plan creatively. A self-directed Individual Retirement Account is an Individual Retirement Account (IRA), provided by some financial institutions in the United States, which allows alternative investments for retirement savings.
The Self Directed IRA allows the investor to control what their retirement funds are invested in. With a traditional retirement account, the account holder has little to no control of what their funds are being invested in. Most retire plans invest their account holders funds into stocks, mutual /hedge funds, bonds and other “Wall Street type” investments. By having control over what your investment funds are invested in offers far better diversification.
Self Directed IRA's may be used to invest in many things such as Real Estate, Notes, Tax Liens, Businesses, Livestock, Precious Metals, Stocks and many other things just to name a few. More information regarding self direction of your IRA can be found by picking up a copy of Attorney Mat Sorensen's book “The Self Directed IRA Handbook” on Amazon or by visiting www.SDIRAHANDBOOK.com.
If having control of your retirement plan is something that interests you, the next step is to reach out to a SDIRA Third Party Administrator. Here is a list of a few of them that the CashFlowGuys have worked with in the past:
All three of these administrators provide a wealth of information on their individual websites, in addition to what will be learned by reading the Self Directed IRA Handbook by the CashFlowGuys Attorney Mat Sorensen.
Tyler helps investors who choose to self direct their retirement plans with formulating a plan and selecting opportunities to build their retirement nest egg. Being licensed Real Estate agents as well of investors, Tyler Sheff has extensive experience in preparing purchase offers and other paperwork that will comply with the IRA administrators policies, to include preparing extensive cash flow analysis of potential opportunities for the investor's consideration.