Bailouts, recession, stock market crash, world financial markets in trouble, big banks closing these are just some of the terms that we have seen in the newspaper over the last year. World leaders are scrambling to find "fixes" to the ever spiraling downward trend in the World's economy. Sales are down, businesses are closing and 401Ks and other retirement accounts are taking a big hit. Doesn't it make you wonder are IRA good investments? Where should I put my money if I want to have a future?
These are common questions on everyone's mind. The economy is hurting everyone. Small businesses cannot get the loans they need to stay afloat. People are losing their jobs. They see that the 401Ks that they have are disappearing either because most of the shares that they own are invested in the company. When the company goes under, you can say goodbye to your money. Are IRA good investments? Could placing your money in an IRA be the right choice for you?
The growth of IRA investments depends on how you choose to invest your money. There are many types of IRA's. Each has its own advantages. One of the most flexible kinds of these types of accounts is a Roth IRA. With a self-directed IRA, you get to choose where your money goes. You do not have to have the company that you work for or the investment broker that you choose make those decisions for you. While you still have to get guidance from one trained in financial matters, you can direct them to invest your money the way you feel that it should be invested. They will simply make sure that your investments follow the government guidelines for IRA's. The counselor will prepare all the reports and documents associated with managing your money. They handle the day to day things and you sit back and watch your money grow.
You still might ask are IRA good investments? Did you know that you can choose to invest in real estate with your retirement funds? This is the perfect market for it too. Prices on property are at an all time low. The government is looking into shoring up the mortgage industry by purchasing and renegotiating mortgage notes. They hope to boost the housing market. If they do, the value of the property that you purchase with your IRA account will rise with the market. The profits will be kept in your account making it more valuable to you. You also have the advantage of owning something tangible, something real, and something not subject to the whimsy of Wall Street. Those who choose to invest their self directed IRA's into real estate can expect to see growth of IRA investments in the years to come.
Are IRAs good investments? They can be; if you choose wisely.
