Summary: Self Directed IRA Primer
Review : If you want
to see your retirement investment then a self directed IRA may
be the vehicle for you. The author is an expert on this concept
and explains some of the advantages in this article. Wether the
real estate boom is over is not hard to tell anymore. The
question really is how long and hard the slump will be. That
could give you a great advantage if you have a self directed
IRA account to buy some real bargains that should be on the
market soon.
Building Wealth With A Self Directed IRA As Simple As
123Author: Robert
Hubbard
Over the next 15 years, "baby boomers" will be looking for
places to invest about $46 trillion from a combination of
inheritance and their own qualified retirement plans, such as a
401k from a former employer.
Every major brokerage house and bank in America is well
aware of the potential to earn enormous incomes from fees and
commissions "helping" to place this money in secure
investments. But, individuals who understand the power of
utilizing Self Directed IRAs are in the best position to take
advantage of this incredible transference of wealth.
Many "boomers" are looking at starting their own business
and need investment capital to make their dreams come true.
Actually, they need to look no further than their own
retirement accounts. They can tap into these funds to buy a
franchise, start a business, or simply provide an existing
business with working capital.
What about investing in the stock of a private company? Yes,
there's no problem with doing that, even if it's outside the
United States. And, other options, both mundane and exotic,
abound.
Then, there's real estate. Most people think the boom is
over, but they may be mistaken. According to a report from The
Brookings Institute and an article in Business 2.O Magazine
(November 2005), more than $25 trillion will be spent in real
estate development between now and the year 2030.
To accommodate another 70 million people being added to the
population base in the next two decades, 127 billion square
feet of new or replacement structures will be added to the
existing base of 300 billion square feet.
The executive summary of The Brookings report entitled
"Toward A New Metropolis: The Opportunity To Rebuild America"
written by Arthur C. Nelson, states the following:
-In 2030, about half the buildings in which Americans live,
work, and shop will have been built after 2000.
-Most of the space built between 2000 and 2030 will be
residential space. The largest component of this space will be
homes. Over 100 billion square feet of new residential space
will be needed by 2030.
-Overall, most new growth will occur in the South and West.
In the West, 87 percent of the space existing in 2030 will have
been built since 2000.
This report was primarily written for urban, city, regional
and state planners so they would understand how to prepare for
infrastructure needs to support the increased population base.
The need for new water treatment facilities, roads, bridges,
schools and general land use planning will be of great concern
to everyone, but especially to these planners.
The Business 2.0 article entitled "The $25 Trillion Land
Grab" took the mostly statistical information from the
Brookings report and restated it so that it was more readable
and understandable. Bottom Line: The development will represent
"the biggest business opportunity since the end of World War
II".
That's good news for investors. Anyone with a Self Directed
IRA can tap directly into this opportunity, whether through
equipment leasing, real estate lending or direct investment
into a myriad of real estate projects. It all starts with
education.
We recommend that clients pick one area of investment
opportunity and become experts. Then when conferring with
investment advisors and tax consultants, good decisions can be
made that will result in building wealth that is potentially
much greater than can be realized by only investing in the
securities markets. As we like to say to our clients, it's as
simple as 1-2-3: Learn, Setup and Invest.
Article Source:
http://www.articlesbase.com/non-fiction-articles/building-wealth-with-a-self-directed-ira-as-simple-as-123-69300.html
About the Author:
Robert Hubbard is the President and CEO of www.IRA123.com. The website provides a
resource for those interested in setting up a self directed IRA for
investing.
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