5 Big Reasons Why You Should Self-manage Your Ira

For more flexibility, control, and bigger, better returns on your investments, self managed IRAs are the way to go. Believe me; your bank will try to dissuade you from self-managing your IRA because they will lose a lot of money and only you, the account owner, will benefit. Here are 5 big reasons why you should consider self-directing your IRA so you can build a more secure financial future.

1. If you roll over to a self directed IRA, you don't have to pay any conversion fees and your returns will be maximized. When you let an investment adviser at a bank make decisions about what to do with your money, the decisions made will prioritize your bank's needs over your own. The result is less gain for you, more gain for your bank.


2. Self managed IRAs allow you to diversify your portfolio. Ask any financial expert what the best way is to make your investments grow quickly and efficiently and they will tell you that it is diversification. By having a wide array of assets, you will have more opportunities to increase returns.

3. If you have a self directed IRA, you make the decisions. Don't worry, it's not like you will be completely on your own when making decisions. Instead, an experienced trustee or custodian will listen to your wants and needs and act accordingly. On the other hand, when you let an investment adviser at a bank control your account, you will essentially be left in the dust and not know anything about what's happening with your account until your quarterly report comes in.

4. With self managed IRAs, it's possible to invest in real estate. Real estate is the most stable and lucrative investment vehicle today, particularly in the cold, hard reality of our economy. Unlike stocks, real estate is much more stable and tends to increase in value over time. Furthermore, it is insured against common forms of loss such as natural disaster. As a result, real estate investments will bring you much higher returns than any other type of investment and the only way that you can get a piece of the pie is by self managing your IRA.

5. A self directed IRA will provide you with maximum returns. Unless you are happy with a 2 to 3 percent annual return, you should consider rolling over to a self managed IRA. If you do so, you will realize that it is possible to double, or even triple your returns.

Your next step? Now that you are armed with this information, start learning more about how you can roll over to a self managed IRA account. Unlike traditional IRAs, self managed IRAs allow for much more flexibility, control, and best of all, higher returns. Don't let banks get the better of you. Take control of your IRA and thus your financial future.

By: Laurel Cohen

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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 www.ira-investing-guide.com now.