Anka Kristen: IRA 401k ? Self Directed

If you have concerns about the value or safety of your IRA or 401k plan or perhaps have even suffered some losses you can now take full control of the funds being put away for your retirement. More and more owners of IRA and 401k plans are turning to creative ways of ensuring profitable returns by using their self directed IRA to purchase real estate. Still others are investigating non-traditional investments like mortgages and trust deeds, private partnerships, limited liability companies, business opportunities, tax liens and more.

There are several steps one must complete in order to take advantage of these innovative projects with respect to your IRA or 401k plans but are well worth the time. A couple of these steps would be to first find a qualifying project you would like to invest in and purchase this new investment in the name of your self directed IRA or 401k plan. Take some time right now to investigate the types of projects that qualify and that you have an interest in. You can do this while you relax with a morning coffee and feel good about making the decision to live your retirement years without having to worry about having enough money to live and perhaps do some traveling. One of your retirement priorities may be to help your children or grandchildren. Investigating your IRA and 401k options now will ensure you can do all the things you dreamed of in your retirement years.

Other areas you must comply with such as setting up a limited liability company and preparing a specialized operating agreement that meets all the requirements for a self directed IRA are essential first steps. It?s easy to research self directed IRA and 401k plans by simply firing up your lap top and getting all the details you need. You can arm yourself with all the information needed to have a truly self directed IRA or 401k plan with real checkbook control of all your funds. You will be in a position to make the important decisions on where and when your investments will go. Once you have met all the requirements, you will be able to simply write a check from your self directed IRA or 401k plan account to the investment of your choice. A properly prepared operating agreement is essential to have in place in order to take advantage of opportunities as they arise.

In these uncertain economic times it is vital that you are the one in control of your financial future. You will have spent much of your life working towards the day you can retire in financial comfort and it?s important that you take the time to ensure you can fulfill your retirement dreams. Nobody knows your financial needs better than you so don?t let others decide how your money should be invested. It may take a little effort to ensure you follow all the required steps in order to have a truly self directed IRA or 401k plan but it is certainly an exercise that will pay off for years to come.

IRA 401k - Self Directed