If you’ve ever wondered “ what does IRA stand for ?”, then you may be surprised to find out that the IRS defines it as an “individual retirement arrangement”. This is slightly different than the common definition of an “individual retirement account”. Although similar, an individual retirement account is simply one form of the broader range of individual retirement arrangements that exist under the US Publication 590 (the laws where IRA’s come from). … [Read more...]
Understanding the Self Directed IRA Rules and Basics
You may not realize it, but when it comes to saving for retirement using an IRA, you don't necessarily have to stick to just mutual funds and stocks. If you're a little more aggressive and willing to take on some risk, then perhaps setting up a self directed IRA would be a better alternative. A self directed IRA is a special type of individual retirement arrangement that allows an investor to choose from a wider range of investment options than are usually available with a typical IRA. By doing so the investor exposes themselves to the potential for much higher returns than they might receive from a stock market index fund based … [Read more...]