I’ve often made reference to self-directed IRAs, and the fact that you can use them to invest in property overseas… as well as for many other non-traditional investments. I’ve even compared them to self-directed 401Ks.
This is a popular and important topic, and many of you have written with questions about self-directed IRAs. It’s one of our most frequently asked-about topics.
Until now, we’ve never really covered the self-directed IRA in detail… what your options are and how to set things up.
If you’d like to unleash the investment potential of your IRA, Dave Drummond’s article below is a must-read. I’ll let Dave take it from here.
At the end of 2011, U.S. citizens had approximately US$5.5 trillion in Individual Retirement Accounts (IRA) with just over 40% of the population participating. If you add deferred contribution plans, including 401Ks, the dollar amount climbs to around US$9.7 trillion. Continue reading