Archive for December 27, 2013

Traditional IRA Vs Self Directed IRA Accounts Which Is Best for You?

Written by admin on December 27, 2013. Posted in Real estate in ira, Real estate ira, Traditional ira withdrawal rules

Self managed ira

With the modern state of the American economy being anything but stable, saving for retirement comes highly recommended. An individual retirement account, or IRA for short, is a great way to open up your very own retirement account, without the need for an employer. Many people don’t understand how IRA works, so here’s some basic information to help you understand the concept of the most common IRA accounts, and how to get started with either a traditional, or self directed IRA account.

An IRA is simply an account used to shelter your retirement savings, in addition to helping you save each year on taxes. Traditional directed IRA accounts are super easy to open up — all that is required is taxable income, and the completion of some paperwork. You can open up a traditional IRA at most banks or investment f