5 Big Reasons Why You Should Get a Self Investing IRA

<h1>5 Big Reasons Why You Should Get a Self Investing IRA</h1>Author: <a title="Laurel Cohen" href="http://www.articlesbase.com/authors/laurel-cohen/92332.htm">Laurel Cohen</a> Are you sick and tired of getting minimal returns on your retirement investments? If you want to maximize your returns as well as have more control of what is going on with your investment account, you should look into getting a self investing IRA. Here are 5 reasons why you should consider making the switch if you haven't already. 1. Investing 401k money in real estate is not possible because your employer will pick investments that ultimately benefit the company and not you the account holder. When you rollover into a self-directed IRA you have a much wider array of choices, including real estate, which is an untapped investment that is very stable. 2. When you have a self investing IRA, you don't have to wait till your quarterly reports come in to find out what is going on in your account. You make the decisions about your account transactions and investments. However, that doesn't mean that you are solely responsible for everything that happens with your account. In fact, your account trustee or custodian will do virtually all the work for you. All you have to do is express your wants and your trustee will act accordingly. 3. You might think investing 401k money in real estate is possible since there are self-directed 401k plans. It might sound like the same thing but your options are actually much more limited with a self-directed 401k plan. For example, your employer may only allow a portion of the account to fall under the self-directed plan and the rest of the account may fall under the traditional plan. In addition, a 401k plan will always be connected to your employer no matter what type it is so any time your employer makes unfavorable changes that affect you, you will be forced to bite the bullet. 4. Self investing IRA accounts give higher returns. Since you have a greater number of investment options and there isn't a bank or employer keeping most of the profits or charging exorbitant fees, you can make more money. Just think... with a self-directed IRA account you can double or even triple your returns! 5. Investing 401k money in real estate is not possible and it is difficult to make other investments of your choosing under a 401k plan. On the other hand, with a self directed IRA you can invest in real estate with companies that use a portion of their profits to build affordable housing for the poor and do other noble deeds. Socially responsible investing creates a win-win situation for everyone. Now that you know why it is advantageous to have a self investing IRA account, why not give it a try? Start searching for options on how to rollover your 401k or traditional IRA to a self directed account so you can have increased flexibility, control, and returns. In these unstable economic times, investing in stocks is dangerous. Your best bet is to take control of your account and invest in real estate, which is stable as well as lucrative.About the Author: Laurel Cohen is an active participant of a national network of professional writers who advocate socially conscious real estate investing through the use of retirement vehicles such as IRAs, 401Ks and other retirement assets. For more information, or to get involved, please visit <a href="http://www.ira-investing-guide.com"><a target="_blank" href="http://www.ira-investing-guide.com">http://www.ira-investing-guide.com</a></a> now.Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/investing-articles/5-big-reasons-why-you-should-get-a-self-investing-ira-623651.html" title="5 Big Reasons Why You Should Get a Self Investing IRA">5 Big Reasons Why You Should Get a Self Investing IRA</a>

Are you sick and tired of getting minimal returns on your retirement investments? If you want to maximize your returns as well as have more control of what is going on with your investment account, you should look into getting a self investing IRA. Here are 5 reasons why you should consider making the switch if you haven't already.

1. Investing 401k money in real estate is not possible because your employer will pick investments that ultimately benefit the company and not you the account holder. When you rollover into a self-directed IRA you have a much wider array of choices, including real estate, which is an untapped investment that is very stable.

2. When you have a self investing IRA, you don't have to wait till your quarterly reports come in to find out what is going on in your account. You make the decisions about your account transactions and investments. However, that doesn't mean that you are solely responsible for everything that happens with your account. In fact, your account trustee or custodian will do virtually all the work for you. All you have to do is express your wants and your trustee will act accordingly.

3. You might think investing 401k money in real estate is possible since there are self-directed 401k plans. It might sound like the same thing but your options are actually much more limited with a self-directed 401k plan. For example, your employer may only allow a portion of the account to fall under the self-directed plan and the rest of the account may fall under the traditional plan. In addition, a 401k plan will always be connected to your employer no matter what type it is so any time your employer makes unfavorable changes that affect you, you will be forced to bite the bullet.

4. Self investing IRA accounts give higher returns. Since you have a greater number of investment options and there isn't a bank or employer keeping most of the profits or charging exorbitant fees, you can make more money. Just think... with a self-directed IRA account you can double or even triple your returns!

5. Investing 401k money in real estate is not possible and it is difficult to make other investments of your choosing under a 401k plan. On the other hand, with a self directed IRA you can invest in real estate with companies that use a portion of their profits to build affordable housing for the poor and do other noble deeds. Socially responsible investing creates a win-win situation for everyone.

Now that you know why it is advantageous to have a self investing IRA account, why not give it a try? Start searching for options on how to rollover your 401k or traditional IRA to a self directed account so you can have increased flexibility, control, and returns. In these unstable economic times, investing in stocks is dangerous. Your best bet is to take control of your account and invest in real estate, which is stable as well as lucrative.

Laurel Cohen is an active participant of a national network of professional writers who advocate socially conscious real estate investing through the use of retirement vehicles such as IRAs, 401Ks and other retirement assets. For more information, or to get involved, please visit http://www.ira-investing-guide.com now.

Rate this Article:

5 / 5 stars - 1 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/investing-articles/5-big-reasons-why-you-should-get-a-self-investing-ira-623651.html

Article Tags: Self Investing Ira, Investing 401k Money In Real Estate

Related Articles
Related Q&A

Latest Investing Articles
More from Laurel Cohen

Tips for Beginners on Rehabbing a Home

By: Daniel Mc Grey | 23/12/2009
We tend to get over excited on new things. We want to drive a new sedan for a whole day immediately after we bought it; use a personal computer for hours after we get out of the box; always look at the time in a new wristwatch. The same thing happens when we are rehabbing a home for the first time.

The Basics of Wholesaling Houses

By: Daniel Mc Grey | 23/12/2009
If you believe that there is no money to be made in the real estate market, then you probably haven’t heard of the business of wholesaling houses.

Some Truths About Rehabbing Houses

By: Daniel Mc Grey | 23/12/2009
Many people would not believe that rehabbing houses is a high-paying job. They think that there is nothing rewarding with fixing dilapidated homes, nothing glamorous. All they see is a rehabber doing odd jobs to a home in disrepair to sell that property.

What Does It Take To Succeed In Rehabbing Properties?

By: Daniel Mc Grey | 23/12/2009
Many of us are being encouraged to get into real estate investing today specifically on rehabbing properties. Despite the financial meltdown, the industry has proven to be very rewarding

Why I Have A Lot Of Fun In Rehabbing Houses

By: Daniel Mc Grey | 23/12/2009
Many have wanted to venture into real estate. It proves to be a very profitable business even if the world continues to face financial crises.

Using Private Money to Rehab Houses

By: Daniel Mc Grey | 23/12/2009
For years, investors have been using private money to rehab houses. They find it better than conventional loans offered by banks, credit unions, and other traditional lenders.

Shaking a Hand with Wholesaling Houses

By: Daniel Mc Grey | 23/12/2009
We Americans just love shaking hands with people we are introduced with. While this is not practiced in other cultures, a handshake is a sign of peace, welcoming, and getting to know for Uncle Sam.

Should I Quit My Regular Job To Become A Real Estate Investor?

By: Daniel Mc Grey | 23/12/2009
More and more individuals are filing their resignation letters so that they can concentrate on real estate investing.

Learn about the Benefits of Taking Fish Oil Daily

By: Laurel Cohen | 20/12/2009 | Supplements & Vitamins
If you haven’t yet learned about all of the benefits that can be yours by simply taking fish oil every day, then you might want to take a couple of minutes to read what I am going to say. After many decades of studying the healthy effects that omega 3 fatty acids have on the body we have discovered that these essential nutrients prevent more problems that any other natural substance you can take.

Learn about Fish Oil Brain Benefits

By: Laurel Cohen | 20/12/2009 | Supplements & Vitamins
I want to talk to you for a minute about fish oil brain benefits, because a lot of people are still in the dark about how much good supplementing the diet with omega 3 fatty acids can do. The human brain is the richest source of fatty acids in the body, and a steady intake of DHA omega 3 fatty acids is necessary in order to keep the brain functioning properly. Omega fatty acids are essential to sound mental health.

Is a Prescription Fish Oil Really Necessary?

By: Laurel Cohen | 20/12/2009 | Supplements & Vitamins
Recently I have heard a lot of people talking about prescription fish oil, and all of the benefits that it provides to both the body and mind. I was curious to see what all of the fuss was about, because having done a lot of research myself on the many benefits of fish oil I thought that some company had somehow been able to come up with a miraculous new breakthrough. Why else would the EPA approve the product?

Learn about a Fish Oil Skin Care Dietary Supplement

By: Laurel Cohen | 20/12/2009 | Supplements & Vitamins
Tell me does this describe you? If you suffer from any sort of skin condition, you might be amazed to find out just how helpful a fish oil skin care dietary supplement can be. Your skin is the largest organ of the body, and the cover it provides you protects you from infection, injury, heat, and changes in the environment. The skin also regulates your body temperature, and effectively stores water, fat, and vitamin D.

Why a Fish Oil Capsule is your Best Bet

By: Laurel Cohen | 16/12/2009 | Supplements & Vitamins
Did you know of all of the nutritional supplements you could possibly take a fish oil capsule offers you the most benefits by far? The body needs all of the vitamins, minerals, enzymes, and other nutrients that it can get in order to stay healthy, and I am not advising you to drop everything in order to take omega 3 capsules alone. Essential fatty acids are extremely important to you however.

Learn about a Fish Oil Blood Pressure Reducing Supplement

By: Laurel Cohen | 16/12/2009 | Supplements & Vitamins
I can’t think of anyone that wouldn’t benefit from supplementing their diet with a quality DHA omega 3 fish oil blood pressure lowering supplement. This type of supplement is especially important for someone that has a history of hypertension, and wants to get it under control before it gets bad enough they have to resort to prescription medications.

Why you need a High Dose Fish Oil

By: Laurel Cohen | 16/12/2009 | Supplements & Vitamins
Have you heard about this recently? If you want to prevent the formation of chronic inflammatory diseases, then what you need is a DHA omega 3 high dose fish oil supplement. Not enough people know about the extraordinary powers for prevention that these essential fatty acids possess. If you don’t already know about all of the benefits these fatty acids offer you, and then feel free to read along and learn why this is the most important group of nutrients that you can consume.