IRA Advice - Be The Bank!

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Ever heard the investment term "becoming the bank"? A lot of people, myself included at first, probably didn't or still don't a have clue as to what this means. However, in this article, I'll be going over exactly how someone like YOU can very well "become the bank" in today's economy.

I wouldn't have the know-how, let alone the patience, to sit here and explain all the IRA services there are these days in this one article. It's not just because some are superior to others - which they are - it's because there are just so many!

What I can do though, is give you some great hints and tips about how to raise more funds for your retirement investing than you ever thought possible!

Like anything in life, there's always more information or advice about something than actual answers that will guide you. It's no different with IRA advice.

You'll have no trouble finding a lot of it. However, how much is really of value to you personally?

One thing you won't hear a lot about is using real estate along with your IRA, and how powerful it can be! Not much can grow your retirement as quickly as real estate, and for numerous reasons. Real estate investors all over the country are flocking to self-directed IRAs for their investment needs.

As you may already know, there are both brokerages and banks that offer self-directed accounts. Yet it's important to keep in mind, they most likely won't offer the option of real estate investment.

If you're investing in real estate, you'll need cash. Of course you can borrow this money, but obviously you'll end up paying interest... which cuts into your profits significantly.

Retirement accounts can take out loans, but in using a form of financing, you'll undoubtedly be subject to taxation on your profits and income from the investment.

There's a much a better way!

Stop borrowing from a banking institution to make money, and become one! Government statistics suggest that there is currently close to 4 trillion dollars in individual retirement accounts, 401k plans, and various other investment vehicles.

Let's say you knew others, even family, with like accounts: you could easily borrow money from each other's accounts when you find great investment opportunities. Of course, you all need to have self-directed accounts first.

The money would have to be paid back of course, and you would have to agree on a certain percentage of return, but it sure beats dealing with a banking institution!

This can be a great situation because you get the money to make the investment, and the account you borrowed from earns a return, which will be either tax free or tax deferred, depending on the specifics involved. That right there, is a win-win situation for all involved... period.

This concept has been in practice for years now, but when it comes to IRA advice, it's relatively unheard of among the masses.

Having no experience in real estate or buying a property is not a huge problem.

But if you don't, you'll need more than IRA advice and IRA services to get the ball rolling. You'll need to locate and and find investors who can point you in the direction, and ultimately help you find the right deals for you and your goals.

There are even companies that facilitate everything for you - you just sit back and growth your wealth deal by deal.

It's not hard at all to get going, once you find the right IRA services for you. You do however, want to take the time to look at the bottom line and make you're not being taken for a ride. Some account custodians will charge hidden fees, per transaction fees, etc.

Hopefully these few broad tidbits of IRA advice will help you with your retirement investments. If you want to learn more though, make sure you contact a professional today that can get you all the answers you need.

Ray Stockwell is a real estate investor who enjoys making money by investing in projects that help people and their communities, all without capital gains taxes. Visit his web site at

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