Hint: if you’re reading this article, the answer is probably yes!
Welcome to Part 2 of our American IRA Self-Directed IRA Series! Today we’ll be posing a few qualifying questions to help you decide whether a self-directed IRA is right for you.
- Do you want to control your own future with more options than just Wall Street?
- Do you agree that social security is in trouble and want a reliable nest egg?
- Are your investments suffering from record low interest rates and dividend yields?
- Are you lacking a reliable, lifelong pension plan?
If you answered “yes” to any of these questions, a self-directed IRA is right for you.
If you’re wondering if the qualification process is really that straightforward, I assure you that it is. Self-directed IRAs allow you to invest in what you know best. In fact, if you want your portfolio to be thoroughly diversified, I challenge you to find an easier all-in-one solution that provides everything you need to be successful in the current market. Self-directed IRAs offer solid alternative assets for you to explore, whereas other plans may limit your potential.
One of the extraordinary aspects of this investment method is that you can create passive income from assets that you fully understand and control. For example, real estate can be a great source of passive income, while private lending generally offers higher returns than local banks.
Social security’s decline is yet another reason to invest in a self-directed IRA. Most economists believe that the system will go bankrupt in 15 years (or less) without major changes, and the average life expectancy has been increasing over the years. All of these factors increase the appeal of an alternative source of returns, and self-directed IRAs are one of the best ways to achieve this goal.
While company-provided pension plans and social security are becoming less and less of a realistic retirement option, record-low interest rates and dividends have made it even more difficult for retirees and investors to succeed or even make ends meet! Stocks, bonds, and mutual funds are offering lower yields, which is why the alternative investment options unlocked by self-directed IRAs may be your best bet for beating the market and securing your nest egg.