subject: Using Your Checkbook With A Self-directed Ira [print this page] 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.
There is a growing trend among in the know Individual Retirement Account (IRA) owners who are taking the steering wheel of their financial future. They are using their retirement funds in their own personal accounts with checkbook control to make alternative investments of their choice. This includes use of traditional, Roth IRA, SEP-IRA and 401k plan owners.
The opportunities are endless when using a Self-Directed IRA through your checkbook. Purchases such as domestic and international real estate investments, mortgages, trust deeds, hedge funds, tax liens, making investments and of course business opportunities.
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.
When you by-pass the banks and brokerage firms, you are making the statement that you are in control over your future. You alone determine the success of your hard earned retirement monies. You can decide when and where your plans are invested and how. You own the confidence of having made the best decisions for your money.
When you find an investment that you are interested in purchasing...you simply write a check from your bank account to purchase the investment product. There is no need to secure approvals from your account custodian. There are no time delays in awaiting approval from your custodian. There are no review and transaction fees to pay.
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.
Then you should consider using a Self Directed IRA. You and you alone call the shots on how your retirement monies will be invested.
