Do you really want to take command of your investment income? Do you
really
want to become a Millionaire during this recession? Do you really trust
others to protect your retirement? Is it time for you to take control of
your money?
Social Security, pensions and the stock market were at one time secure
investments that we could let others handle. Your company, or maybe a
Fund
Manager would be able to help us retire comfortably. This is no longer
the
case. In fact, has it every really been the case? You are making a huge
mistake to allow someone else to handle and invest our money. Do you
really
believe the people managing your 401k plans are doing a good job? We
don't
talk about it but do you really think Social Security is going to be of
help? Is Social Security going to even be around in the next 20 years?
Smart investors are taking advantage of alternative investment options
including self-directed IRAs. Why not be comfortable when you retire? Why
not retire wealthy? Why not become wealthy now. The benefits of a
self-directed IRA are a dream come true, for those of us that are willing
to
take control of our money. Take control of your money and start to invest
it in areas that you have a core competency in.
A self-directed IRA is a very flexible tool to create wealth. You will
have
the option to invest in a variety of assets, from real estate to
promissory
notes and tax liens to whatever. We believe that one of the most powerful
investment vehicles will be Tax Liens and Deeds. However, you should
invest
in a vehicle that you fully understand so you can take back control. Even
if you know nothing about self-directed IRAs now you can take control of
retirement plan, you can create wealth. This is to say that you can
create
massive wealth.
It is your duty to get started. Learn all you can go to seminars, real
estate investment clubs, go to the library, read all you can on the
Internet. Maybe turn off your television. Learn about "self-directed
IRAs"
tonight. At the end of this article I will give you a list of several
websites that you can go to a learn all you need to know.
From The Trump University:
The type of IRA needed to invest in alternative investments such as real
estate, notes, deeds, private stocks, etc is known as a "self-directed
IRA".
Like any other IRA, a custodian is needed to hold the account on your
behalf. Once you have successfully "rolled over" a ****tion of your IRA
into
an account such as this, you are able to buy, renovate, sell or fund any
aspect of the real estate process. The only catch is that any income or
loss becomes the property of the IRA and as such will be off limits to you
personally without incurring a penalty for early withdrawal.
<http://www.trumpuniversity.com/blog/post/2008/11/need-more-down-a-self-directed-ira-can-help.cfm>You
are able to set up a self-directed IRA, but you have to know what youare
doing. Any mistakes can quickly compromise the power of your IRA. It
i****ghly suggest that you do not take a chance. When you look at the power
ofwhat you are setting up it is worth it to protect your self-directed
IRA.There is a lot of paperwork and processing involved when investing with
aself-directed IRA, and you can find custodial companies that can handle
theentire setup from start to finish. Be warned, there are many
financialinstitutions that can help you set a self-directed IRA up, you
must makesure that they are regulated, many are not. If you look you will
also findsome discount services available.A self-directed IRA will allow
you to invest in your strength and area ofknowledge. Find out what area
you are strong in and then go invest usingyour new self-directed IRA. Take
cl*****, go to seminars, read and mostim****tantly make your own decision
that will guide you to enormous wealth.Here is a little history for
you.Self-directed IRA awarenessIRAs came into existence when the Employee
Retirement Income Security Act of1974 (ERISA) was passed. "The whole point
behind ERISA was to transfer theresponsibility of retirement investing from
the employer down to theemployee," Nilssen said. "Because of some of the
mismanagement and abusewithin some of those pension funds, Congress
actually passed theresponsibility from the cor****ations to the
individuals."And while people tend to be familiar with the retirement funds
created byERISA, relatively few seem to be aware that they can have freedom
inaddition to responsibility when it comes to their retirement
accounts.Many people don't have self-directed IRAs simply because of "a
lack ofawareness, there's absolutely no question about it," Anderson said.
"98percent of the IRA market, which is approximately $3.7 trillion,
isassociated with the traditional providers." Anderson said he attributed
muchof that to the sheer number of marketing dollars the traditional
providershave at their
disposal.<http://www.nuwireinvestor.com/articles/diversification-through-self-directed-iras-51210.aspx>Here
is one of many ways to invest with your self-directed IRA. This
justhappens to be our core competence for our private investors.Purchasing
Tax Deeds in Texas:When you purchase a tax deed in the state of Texas you
can become the ownerof the property or at least receive the interest
penalty when the propertyis redeem. After the auction a specified time
period must expire which canbe as little as 180 days, this is called the
right of redemption. If theowner does not redeem the property the
successful bidder is entitled to theproperty regardless of the value of the
property. A best-case example wouldbe: A successful bidder, bids $15,000
for the property that is valued at$150,000, the property is yours. For
the $15,000! What can this type ofinvestment return due for your
self-directed IRA? Investing in Tax Liensand Deeds is not that easy be you
can create a step-by-step plan to learnhow to win with this investment
vehicle as well.Is it time for you to take control?Lets take a moment and
talk about one rule of many:Publication 590 "Traditional IRAs," you are
prohibited from borrowing moneyfrom your IRA, selling property to it,
receiving unreasonable compensationfor managing it, using your IRA as
security for a loan, and buying propertyfor personal use (present or
future) with IRA funds.It is believed that this rule does not prevent you
from using your IRA forinvestment property as long as you purchase the
property with cash from youraccount. For example you would not be able to
take $10,000 from your IRAand use as a down payment and finance the rest.
That is another reason whypurchasing Tax Liens and Deeds would be a great
tool for you.You obviously need more information, simply go to Google.com
and type in"use IRA cash to invest in real estate." Roughly 70,000 links
will come up,including some to IRA Custodian
s who specialize in this type of
investment.www.AmericanInvestmentExchange.comwww.GuidantFinancial.comwww.selfdirectedira.orgwww.selfdirectedira.org
(This is the company we
use)www.selfdirectedira.orgwww.FreeselfdirectedIRA.orghttp://moneygirl.quickanddirtytips.com/self-directed-ira.aspxwww.daxdesai.com/2007/09/05/the-power-of-self-directed-irasTattered
Financial Groupwww.tatteredfinancialgroup.comPSIf you have an interest in
investing in Tax Liens and Deeds please visit usat:
www.tatteredfinancialgroup.com/welcome.htm
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