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Tag Archives: Self-Directed IRA

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3 Tips for Managing Your Self-Directed IRA

managing-ira

Unlike other traditional retirement investments, a self-directed IRA leaves you on your own. While navigating a self-directed IRA on your own is a viable investment option, there are many potential dangers when it comes to fraudulent investments. If you encounter a fraudulent investment, the most important thing to remember is that you’re on your own. Self-directed IRAs don’t allow you to take advantage of an investment advisor who offers advice and knowledge. Instead, the expert is you, and it is up to you to not only grow the investment, but also ensure that it’s protected against fraud. To successfully manage your self-directed IRA, remember that: 1. You need a custodian. When investing in a self-directed IRA, you are able to pursue hedge investment opportunities such as gold coins. However, government regulations do not allow you to manage these types of accounts on your own. Should you choose to pursue these ... Read More »

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