Finance Roll

If you're unhappy with low returns on your retirement investments and want to know how you can double or even triple your returns, look no further. You're probably asking yourself, "What type of account can my rollover IRA be put into?" While you have a number of options, your best possible option is to rollover into a self-directed Roth IRA and I'll tell you why.

Self-directed Roth IRA accounts offer more flexibility than any other option. With a 401k, you are tied down to your employer's corporation so anytime your employer chooses to switch companies, plans, or make other unfavorable changes, you are forced to bite the bullet. On the other hand, with a self-directed Roth IRA, you can choose who the counselor of your account will be and he will act according to your individual needs.

What type of account can my rollover IRA be put into if not a self-directed one? You can rollover into a traditional IRA account but that is disadvantageous for a number of reasons. Traditional IRAs have a limited number of investment options. On the other hand, with self-directed IRAs you have vast array of investment options, such as real estate. A surprisingly small number of people self-direct their IRA accounts because they believe that it will require a lot of time and effort on their part. The truth is that by paying minimal annual fees a custodian of your choosing will do all the work for you so all you have to do is watch the bigger returns roll in!

What type of account can my rollover IRA be put into, a Roth IRA or a traditional IRA? The ability of being able to convert into a Roth IRA is another one of the positive aspects of doing a rollover. With Roth IRAs, the contributions are made with money that has already been taxed and it is never taxed again. With traditional IRAs it might seem nice to place tax-deferred money into your account but you are only going to get taxed later on and most likely at a higher tax rate.

What type of account can my rollover IRA be put into in order to increase the benefits to the account holder? As mentioned, self-directed IRA accounts are the best because you have more control over what happens to your money. In traditional accounts, the investment adviser manages every aspect of your account and you don't know what's going on until you receive your quarterly report.

The greatest benefit of rolling over into a self-directed IRA is being able to invest in real estate. Real estate is a stable investment venue that tends to increase in value over time. After all, people are always going to need houses. What type of account can my rollover IRA be put into in order to be able to take advantage of the gains that are possible in real estate? Look for a company that will provide you with a custodian that will listen to your wants and needs and act accordingly and all without charging exorbitant fees.

Your next step? Use this information as a guide and start looking for a company that will help you make the most out of your investments. In fact, look for a company that can guarantee to double your returns and pay the difference otherwise. Don't let your investments sit and collect dust. Take control of your finances so you can increase your returns and work towards a more secure financial future.