For decades, banks and brokerage houses effectively convinced us that IRA holdings could be invested only in stocks and CDs. Few people knew that there was a viable alternative that offered both safety and growth. That alternative is real estate. In IRA Wealth, investment expert Patrick W. Rice first teaches you how to turn your IRA
For decades, banks and brokerage houses effectively convinced us that IRA holdings could be invested only in stocks and CDs. Few people knew that there was a viable alternative that offered both safety and growth. That alternative is real estate.
In IRA Wealth, investment expert Patrick W. Rice first teaches you how to turn your IRA into a self-directed account, and then details the many ways in which real estate products can make you rich. The author offers a wide variety of strategies for both the aggressive investor interested in high returns and the conservative investor looking for a steady stream of income―all tax-deferred or tax-exempt.
Although it may be a little late to avoid the volatility of the stock market, the lesson has been simple: Don’t put all your eggs in one basket. Patrick Rice now offers you an entirely new basket that holds golden eggs for a bright and rewarding future.
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Good intro to the topic but not the only solution I wasn’t aware of self directed IRAs before I read this book – and now I am. This is the value provided by the book. It stops there.I looked into Rice’s company after reading this book and found that there are hands-off self directed IRA “custodians” and then there are custodians that have their hands a little more into your money. Rice’s company seems to be a bit of the latter. These kinds of companies are more like financial planners or investment consultants, helping you find…
It Worked for Me! I got this book around the time it was first published. My wife and I both had a hodge-podge of IRAs and old 401ks from prior employers. We rolled everything into two self-directed IRAs, one for me and one for her. We then invested those IRAs in an LLC which purchased a 209-unit apartment complex. With guidance from a well-qualified CPA and attorney, this transaction went off without a hitch and we’ve been happy with our returns ever since. So, take it from someone who has read this book…
Have an IRA? Are you wondering how or where to roll over your 401k or make your IRA a self directed IRA. You can buy gold, real estate silver, and other legal investments with a self directed IRA. NU View is the company I use… but check out the companies and find the one that suits your needs best. This is one of several I have in my investor library. I like real estate as I first got my sales license in 1976……….. check it out dont let the fiscal cliff drain you dry. TAKE control!