What is a self-directed IRA?
A self-directed IRA is a retirement account that gives the account holder more control over their investment choices. With a self-directed IRA, you can invest in a wider range of assets beyond traditional stocks and bonds. This includes investments such as real estate, precious metals, and private equity.
There are a few key things to know about self-directed IRAs before investing:
You will need to choose a custodian for your account who will facilitate your investments and handle the administrative tasks associated with the account.
You will be responsible for doing your own due diligence on any investments you make through your self-directed IRA.
There are some prohibited transactions that you cannot engage in with a self-directed IRA, such as using the account to purchase property for personal use or investing in a business that you are involved with.
Self-directed IRAs can be a great way to diversify your retirement portfolio and get more control over your investment choices. However, it is important to understand the risks and responsibilities associated with this type of account before getting started.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access . All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.
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Jaken Finance Group, 2300 Barrington Road, Suite 400, Hoffman Estates, IL 60196