Self Directed IRA
What you need to know to make an informed investment decision in your financial future.
As you get closer and closer to retirement age, it’s important that you know which opportunities await you financially. After all, you’re going to need a great sum of money to see you through the rest of your lifetime. Even if you live a modest lifestyle and plan to do so as you grow older, it doesn’t mean that a medical or financial emergency won’t wipe out what you worked so hard to save. When it comes to investing in your future, you can never have too many options to choose from.
Letting You Call the Shots When It Comes to Your Retirement Fund
Having a say about how your money is invested is among the most powerful feelings in the world. That’s where the self-directed IRA comes in. Rather than hope that someone else has your best interests in mind, you take charge of your own retirement accounts and determine how the money you’ve saved is invested. To further explain the process and how it pertains to precious metals, we’ve described it in greater detail below.
A Self-Directed IRA Gives You a Greater Sense of Freedom and Accomplishment
A self directed IRA puts you in greater control of your retirement funds. It allows you to take part or all of the money you’ve put into a traditional IRA and redirect it into a gold or precious metals IRA with Red Rock Secured. The advantages that come with this type of transaction is that you get to do so without incurring penalties and fees while actively diversifying your investment portfolio.
Precious metals such as gold, silver, and platinum have maintained their value over time because of their scarcity. There are fewer gold, silver, and platinum coins than there is paper currency which can be printed on demand. When you transfer your savings into a Gold IRA, it remains untaxed until you decide to take a disbursement. All the while, the coins and bullion you’ve invested in continue to grow in value, making you a handsome profit to add to your retirement funds.
Self directing funds gives you the power to invest them the way you want. Rather than rely on traditional retirement accounts which don’t always pay out what you hoped they would in interest, you get to decide which options help your money grow faster with the least amount of risk. It doesn’t mean that you don’t rely on your financial advisor at all. It means that you ultimately make the final investment decisions yourself.
Let Red Rock Secured Help You Invest in a Brighter Financial Future for Yourself
Interested in a Gold IRA? Red Rock Secured has you covered. We offer free downloadable investment guides for you to refer to. Jam-packed with the information you need to feel informed about self-directed IRAs and the benefits of investing in precious metals such as gold, silver, and platinum, the printable documents serve as a valuable resource that you can read whenever you need more information about your retirement accounts.