Self directed Individual Retirement Account specialists at New Standard IRA, speak out on the benefits of self directed accounts after recent “unjustified” media criticism for the retirement vehicle.
Austin, TX — May 1st, 2012 — Self directed IRAs are retirement account that enable the account holders to pursue other forms of investments, including real estate, gold, oil, gas and private business placements. Under a traditional, non-self directed special retirement account, the holder does not have such options. As a result, with self directed IRAs, you can “diversify your retirement and add real estate,” according to New Standard, specialists who specialize in setting up self directed Roth accounts.
Such self directed IRAs have been subject to negative media attention recently. This is because a number of individuals have reportedly lost money as a result of poor investment choices they made with alleged unscrupulous investment promoters.
New Standard believes that recent retirement vehicle media criticism is unjustified and out of balance. According to the self directed plan specialists, people who lost money did so because of poorly researched investment decisions they made with their own personal IRAs; not as a direct result of the qualified plan itself.
“Poorly researched investments lead to poorly informed investment decisions. They are not the fault of an Individual retirement Arrangement account itself,” said a company spokesperson. “If an investor does not bother to look into the investment itself prior to making it, then it is not the IRA’s fault or the custodian for the self directed plan. It might just be a bad investment. But, the special investment account itself is not the scam.”
New Standard IRA affirms that responsibility for any and all investment decisions lies with the account holder and not the program custodian.
“IRAs aren’t risky in and of themselves, but the investments within the account most definitely can be, especially if the investment are also considered by the IRS as prohibited transactions. Investing is risky whether you have a self directed account or not. The bottom line is that when your money is invested, it is at risk, when it sits idle it is only at risk to inflation. There is no such thing as safe or guaranteed investment in the first place.” If you are told that an investment is guaranteed, be leery. “The best way to mitigate your risk, is to research what you are investing in,” says New Standard Specialist.
Many people are likely to share the sentiments of New Standard, due to the level of control that self directed plan account holders are empowered with. Significant amounts of money can be saved as a result of cutting out onerous custodial fees and bureaucratic red tape, and adding to that the checkbook writing privileges gained by being truly self directed.
New Standard IRA believes that, when used correctly, a self directed individual qualified plan can “offer significant control & flexibility, and truly diversify your Retirement Plan.”
For more information about self directed IRAs and to download a free 40-page eBook to “Learn The Benefits Of Checkbook IRAs That Most Custodians Don’t Want You to Know,” visit https://www.irallcpartners.com.
About New Standard IRA
New Standard Qualified Plans are self directed qualified plan specialists. The company structures self directed IRAs to enable the account holder to obtain absolute checkbook control over their retirement funds.