You might disagree, but hear me out on this. It is still possible for you to build significant wealth despite the fact that our economy seems to be caught in a death spiral. While some people watch in horror as their individual retirement accounts dwindle away, others have discovered the fortune that lies hidden in a Roth IRA investment. With some simple information, and a little expert guidance, you too can join the ranks of those delighted individuals who continue to see phenomenal returns on their Roth IRA investments.
As you may or may not know, a Roth IRA is a government approved retirement savings account that allows you to save and invest money for retirement. The government has structured this type of IRA to allow you to earn money, tax-free, with your investments. Sound too good to be true? It isn’t. A Roth IRA investment can grow without being taxed because the money you place in the account has already been taxed. As long as you have had the account for at least five years, at age 59 1/2 you can retire and withdraw your money without owing a dime in taxes.
As you may have already guessed, this tax savings is part of the fortune that lies hidden in a Roth IRA investment. The rest of the fortune comes from the TYPE of Roth IRA investments you choose to make. At this point you may be thinking, “But I don’t choose the investments. I leave that up to my financial advisor/bank/insurance company.” And this is exactly why the fortune in a Roth IRA remains hidden.
Financial institutions or other entities that manage IRAs are not really interested in seeing you build wealth. They are interested in building their own wealth. This is why they invest your money in their own in-house investments while charging exorbitant fees. This system is ingeniously designed to get you coming and going with your Roth IRA investments.
Don’t get me wrong. It’s perfectly acceptable to have these institutions manage your financial future. Many people are perfectly satisfied with an annual 8% return on their investments…especially if it means they don’t have to be bothered with paperwork and tedious investment decisions. But using this approach to build wealth means that the fortune that lies hidden in a Roth IRA investment will, unfortunately, remain hidden.
Discovering this fortune is as simple as taking control of your financial destiny by setting up a self directed Roth IRA. While it may seem scary at first thought, taking control means being set free to seek out lucrative, creative investments that you may have always been curious about. Roth IRA investments can include mortgages, franchises, partnerships, private equity, and tax liens.
Let’s say you’ve always been interested in real estate. With a self managed Roth IRA investment, in the current real estate market, you could easily double or triple your money. Real estate allows you to reinvest your profits over and over, multiple times. And don’t forget…all your earnings are TAX FREE!
If you’re still not convinced, here’s another big plus about self directed IRAs. You don’t have to handle everything by yourself. There are management companies that specialize in self managed IRAs. The beauty of these companies is that they handle all the hassle. They take care of the tedious paperwork, financial reporting and compliance issues. You make the investing decisions and they follow your orders. If you’re not sure about a particular investment, you can ask questions and they will be glad to give you guidance. That type of service is a treasure in itself.
So there you have it. I’ve given you the map for discovering the hidden treasure hidden in Roth IRA investments. Your next step? Take what you’ve learned and take control of your financial destiny. You have the government’s approval to become rich with a Roth IRA investment without having to give Uncle Sam a nickel. So what’s stopping you?