We got a press inquiry the other day from a reporter looking for new and non-traditional strategies to protect and grow your IRA. Right up our alley. Not sure if we'll make the final article, but our take on creating true diversification with self-directed IRAs is worth sharing. Are you truly diversified?***************************************************************************
The primary retirement strategy we're advising our clients to follow is tried and true...diversification. But we preach true diversification, not the diversification offered by most Wall Street institutions. True diversification involves spreading your risk among different asset classes, not just stocks and mutual funds. The best way to achieve true diversification is through a self-directed IRA. A self-directed IRA allows the investor to spread their risk into a wider range of asset classes such as commodities, private placements and our favorite, real estate.
All asset classes have taken a hit over the last three years, but we believe real estate offers the best way to protect and rebuild IRAs. On top of this being the best time to acquire investment property in a generation, real estate offers four different ways to earn a profit. Investors can make money via appreciation on the property, monthly cash flow, debt repayment and tax deductions. While you don't get the tax deductions when owing real estate in your IRA, you do get the other three. Real estate is the only investment class that allows an investor to achieve returns this many ways.
Anyone looking for new strategies to rebuild their retirement account just needs to consider going back to the basics and diversifying. But this time, don't solely invest in a mix of stocks and mutual funds. Take the time to understand true diversification and the advantages of owning real estate in a self-directed IRA.
No comments:
Post a Comment