With a self directed individual retirement account (IRA) you may have expanded investment options that go beyond having investments in stocks, bonds, mutual funds and other types of traditional investments.
A self directed IRA gives you the freedom and flexibility to choose how you want to invest your savings. You may not only invest in the stock market, but also in a wide variety of other types of assets, such as mortgages, notes, real estate, precious metals and private placements. This means you can invest your IRA funds into investments you know and are comfortable with, such as real estate.
The term “self-directed” simply means that you as the account owner have control over how and where to direct your IRA investments. With this IRA account, you may purchase real estate, limited partnerships, commercial paper, gold, commodities and many, many other types of assets, not just investment in stock or bond market related instruments.
Please note: Our law firm is located in Denver, Colorado. James Morgan, attorney, also has a Masters in Tax Law from Denver University and is a Certified Financial Planner.