Posted by Entrust Orange County on Mon, Nov 09, 2009
The economy is definitely in bad shape when the loss of only 500,000 plus jobs in one month is considered a sign of improvement. Given the dire situation that this country finds itself in and with so many Americans unsure how much longer their job or business will last, it is imperative to plan for the future now. You must ensure that no matter what happens in the economy of today, your financial future will be secure. The best way to accomplish this is with a
self-directed individual retirement account.
Self-directed IRAs give you greater control over your future and potentially greater reward. Because you have
more options in the types of
investments that you can make, you can truly diversify your IRA portfolio and not be dependent on the gains or losses of one investment sector.
With Entrust as the administrator of the self-directed IRA, you can make
loans to others—individuals and businesses—and set your own terms and interest rates. You can also invest in almost anything, except life insurance and collectibles. One of the more popular and lucrative investment opportunities is rental property and
real estate. You can become the sole owner or, if you prefer, partner with someone else to decrease your financial liability or to make a large purchase. All profit generated, such as rental income, rolls back into your IRA, so it can continue to grow. Best of all, capital gains taxes can be deferred or even eliminated in some circumstances.
All of this helps explain why the percentage of IRA funds invested in real estate has doubled over the past two years. Self-directed IRAs: greater profit, greater choices, greater security.
By
Jennifer Williams, Entrust Financial Services
jwilliams@theentrustgroup.com