Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments 
asked by rob33 on November 24, 2006 8:46 PM
In recent years many smart investors have exited the stock market because they have essentially lost control of their investments. They have relied on the advice and skill of their brokers, bankers, and financial advisors. Many retirement accounts have dwindled or not increased. Fortunately, there is a great but little-understood alternative: the self-directed IRA. This new book will teach you how to turn your IRA into a wealth-building tool that you control 100%! Take control of your investment future, and make sure your investments are performing for YOU, not someone else. Why havent your banker and broker ever told you about this new IRA? Because they will no longer make any money on your retirement account! New IRS regulations and the new self-directed IRA make it effortless to build up and keep hold of IRA money. Inside this new book youll find out how to benefit from the new IRS rules and how to stay away from problems. With a self-directed IRA you can purchase real estate, buy a business or franchise, invest in high-yield mortgages and notes, invest in tax liens and foreclosed homes, manage property purchased by your retirement, rental property, ocean-front property, lake-front property, probate property, commercial property, REO property, tax-lien property, repossessed property, foreclosed property, apartment communities, and storage facilities. You can invest in stocks, bonds, mutual funds, or virtually any investment allowed by IRS regulations. The self-directed IRA lets you act as your own investment manager. We will show you how to set up your account with a custodian or IRA administrator to deal with the day-to-day activities, such as depositing contributions and executing and settling investment transactions. Its easy, fun, and puts you back in control of your retirement account. Retire Rich with Your Self-Directed IRA combines essentials, insight, and insider secrets to secure a financial victory after retirement.
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It's a revelation! I happened upon this book and it revealed to me retirement options that I had no idea existed. The author, Nora Peterson, explains that unlimited opportunities exist for increasing the value of retirement accounts through the use of a self-directed IRA.
Instead of traditional approaches to investments, she says, consideration should be given to a self-directed IRA . . . a method of investment that is significantly more flexible than conventional IRA and 401(k) plans, conforms to IRS rules, and offers the investor full control over his or her accounts.
The book compares the results of investing using conventional strategies with the self-directed IRA and explains the route and rules for setting up a self-directed IRA. Ms. Peterson also describes investment options that I had not before considered, like investing in real estate-secured notes, real estate purchase options and precious metals, and includes chapters on estate planning and planning for distributions for the IRA account.
This books presents a novel approach to retirement investments, and presents it comprehensively. It's a more than worthwhile read.
Instead of traditional approaches to investments, she says, consideration should be given to a self-directed IRA . . . a method of investment that is significantly more flexible than conventional IRA and 401(k) plans, conforms to IRS rules, and offers the investor full control over his or her accounts.
The book compares the results of investing using conventional strategies with the self-directed IRA and explains the route and rules for setting up a self-directed IRA. Ms. Peterson also describes investment options that I had not before considered, like investing in real estate-secured notes, real estate purchase options and precious metals, and includes chapters on estate planning and planning for distributions for the IRA account.
This books presents a novel approach to retirement investments, and presents it comprehensively. It's a more than worthwhile read.
reviewed by harrypotter on November 28, 2006 7:46 PM
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Retire Rich with Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments by Nora Peterson, published by Atlantic Publishing Group, Inc.
Rating: 5 stars out of five.
If you've ever lost money in the stock market while relying on a broker, banker, or other financial advisor, this book is for you. Retire Rich with Your Self-Directed IRA describes an alternative to letting others manage your retirement investments, the self-directed IRA. This book explains in 345 pages how to use an IRA, usually a Roth IRA, to build wealth through your own control. It covers setting up an IRA, the kinds of funds to invest, and how to move funds from a standard IRA to a self-directed IRA. It also describes how to manage your investments while allowing an administrator to handle the day-to-day paperwork, the laws of which to be aware, and how to avoid pitfalls in very specific advice. Insider secrets are included.
The author, Nora Peterson, has been involved in investing in financial markets for more than 30 years. In this excellent resource, she discusses a wide range of investments brokers don't offer and estimates potential returns. The returns she projects are much larger than earnings from stock market investments would be. In addition, she explains that there are no taxes on investment income from a Roth IRA, because the investment has already been taxed. This results in significant tax advantages of which I had never been aware. Everyone planning for retirement should read this book. It opened my eyes!
Rating: 5 stars out of five.
If you've ever lost money in the stock market while relying on a broker, banker, or other financial advisor, this book is for you. Retire Rich with Your Self-Directed IRA describes an alternative to letting others manage your retirement investments, the self-directed IRA. This book explains in 345 pages how to use an IRA, usually a Roth IRA, to build wealth through your own control. It covers setting up an IRA, the kinds of funds to invest, and how to move funds from a standard IRA to a self-directed IRA. It also describes how to manage your investments while allowing an administrator to handle the day-to-day paperwork, the laws of which to be aware, and how to avoid pitfalls in very specific advice. Insider secrets are included.
The author, Nora Peterson, has been involved in investing in financial markets for more than 30 years. In this excellent resource, she discusses a wide range of investments brokers don't offer and estimates potential returns. The returns she projects are much larger than earnings from stock market investments would be. In addition, she explains that there are no taxes on investment income from a Roth IRA, because the investment has already been taxed. This results in significant tax advantages of which I had never been aware. Everyone planning for retirement should read this book. It opened my eyes!
reviewed by potato on November 29, 2006 11:20 AM
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Being self-employed and just out of graduate school, I knew very little about IRAs, self-directed, Roth, or otherwise, before I picked up this book. In fact, the thought of learning about them was something I absolutely dreaded. Fortunately, I found Retire Rich With Your Self-Directed IRA. Nora Peterson is a genius in presenting the information through the eyes of 30-something Jo Moneymaker, who learns the best way to invest from Bill Cash.
Through narrative, Peterson thoroughly highlights all the important considerations to make when choosing to have a self-directed IRA, including what is legally allowed when having a traditional IRA versus a Roth IRA. Several chapters also delve into real estate investing, including becoming a landlord and investing in real estate-backed notes. While I now have a much better understanding of self-directed IRAs, I definitely understand the need for an administrator, which Peterson covers in-depth, because there are so many rules and tax implications that make the chance for mistakes too great without the administrator.
Easily a five-star book! A refreshing read - Peterson has taken a somewhat dry and confusing subject and has brought it alive through her main character, Jo, making it well-worth the read.
Through narrative, Peterson thoroughly highlights all the important considerations to make when choosing to have a self-directed IRA, including what is legally allowed when having a traditional IRA versus a Roth IRA. Several chapters also delve into real estate investing, including becoming a landlord and investing in real estate-backed notes. While I now have a much better understanding of self-directed IRAs, I definitely understand the need for an administrator, which Peterson covers in-depth, because there are so many rules and tax implications that make the chance for mistakes too great without the administrator.
Easily a five-star book! A refreshing read - Peterson has taken a somewhat dry and confusing subject and has brought it alive through her main character, Jo, making it well-worth the read.
reviewed by miceandmen on November 29, 2006 5:01 PM