Financial Information
How Do You Setup a Self-Directed IRA?
Question : How Do You Setup a Self-Directed IRA?
I currently have all my money in a Traditional IRA (after receiving money after my mom’s death) which is invested in various stocks, mutual funds, etc.. Its been losing money (35%) so far and I’d like to reallocate funds that I feel would do better.
How can I setup a self-directed IRA so I can rollover my money into it?
IRA = Individual Retirement Account
self directed ira
Best answer:
Answer by M-K-12
IRA is what
I DON T KNOW ABOUT THIS AS THE GOVT WILL FIGHT TO KEEP YOUR CUSTOM TO USE YOUR FUNDS FOR GAMBLING ON STOCKS ETC AND LOOSE MORE. AND ALL THOSE MANAGERS THAT MANAGE THE FUNDS WILL RUB THEIR HANDS GLEEFULLY AS THEIR MATES IN GOVT THAT O.K THE FUNDS TO BE MANAGED, WILL ALSO GET SOME SORT OF BACKHANDER.
THE FUNDS IN OUR A.C.C (ACCIDENT COMPENSATION CORPORATION OF N.Z) IS ALMOST IDENTICAL TO YOUR GOVT IRA SCHEME….ITS LOST SQUILLIONS IN STOCKS AND WE ARE STILL FORCED TO PAY PREMIUMS VIA INCOME TAX.
I D RECONMEND BUYING PLATINUM AND PUTTING IT IN A SAFE
AND FORGETING ABOUT IT UNTIL RETIREMENT, AS IT IS SCARCE AND IN DEMAND.