THE MILLIONAIRES INVESTMENT GROUP MICHAEL POGGI
What is a SelfDirected IRA?
A SelfDirected Individual Retirement Account is an IRA that requires the account owner to make investment
decisions and investments on behalf of the retirement plan. IRS regulations require that either a qualified
trustee or custodian hold the IRA assets on behalf of the IRA owner. Generally the trustee/custodian will
maintain the assets and all transaction and other records pertaining to them, file required IRS reports, issue
client statements, assist in helping clients understand the rules and regulations pertaining to certain prohibited
transactions, and perform other administrative duties on behalf of the Selfdirected IRA owner for the life of the
IRA account. Selfdirected IRA accounts are typically not limited to a select group of asset types (e.g., stocks,
bonds, and mutual funds), and most truly selfdirected IRA custodians will permit their clients to engage in
investments in most, if not all, of the IRS permitted investment types. Some of the additional investment
options permitted under the regulations include, but are not limited to, real estate, franchises, partnerships,
private equity, etc. Selfdirected IRAs, by allowing a wide range of investment choices, improve the account
owner's opportunities to diversify their IRA portfolio(s).
Why should I have a SelfDirected IRA?
The government is running out of money and encourages people to provide for their own retirement by offering
HUGE tax advantages to anyone investing through an IRA. With a selfdirected IRA, you can invest in real
estate, something most people can’t do with a traditional IRA.
A selfdirected IRA allows you to invest your funds yourself into investments like solid long term real estate,
which means you can earn a lot more for your retirement than you would with a traditional IRA.