But in recent weeks, self directed IRAs have come under attack in the financial
The IRA LLC Partner does not feel this criticism is justified and have described the media reports as being out of balance.
According to the company, the individuals who have lost money have done so because of poor investment choices and not because of the IRA account itself.
You cannot blame an IRA account for poor investment choices made by the individual, said a spokesperson. It is not the fault of the IRA, or the IRA custodian, if the account holder does not thoroughly investigate the investments that they make. Some people may fall foul of the scams of some alleged unscrupulous investment promoters, but the self directed IRA account itself is certainly not the scam.
The company also points out that the responsibility for investment decisions within a self directed IRA structure lies entirely with the account holder and that they should thoroughly do their research and proper due diligence to avoid alleged investment scams.
A self directed IRA is not risky since, in and of itself, it is not an investment. Instead it is an investment vehicle. But, the investments in them can be. Whether you have a self directed IRA or not, investing comes with risks. There are no guarantees and you should be very leery if some tells you that your investment is guaranteed. To mitigate the risk, you should thoroughly research the investment opportunity. Dont just take anything at face value, added a spokesperson.
The numerous people who have already experienced the benefits of a truly self directed structure are likely to echo these sentiments. The money saved by eliminating bureaucratic red tape and needless custodial fees; in combination with the diversification of investment options and IRA checkbook writing privileges offer considerable advantages to self-directed IRA account holders.
According to the company, when a self directed IRA is used correctly, it can offer significant control & flexibility, and truly diversify your IRA.
To help answer the questions surrounding self directed IRAs, the company is now inviting people to download a free 40 page eBook titled IRA Secrets Most Custodians Dont Want You To Know, which can be obtained at http://www.IRALLCPartner.com.
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About IRA LLC Partner:
The IRA LLC Partner specializes in structuring self directed IRAs to empower the account holder with complete checkbook control over their retirement funds allowing them to diversify in any way they see fit. Learn more at the IRALLCPartner.com.
IRA LLC Partner
Josh Moore
(877) 339-4559
irallcpartner@gmail.com
Source: EmailWire.Com
