Why Even the Highest IRA CD Rates Don't Come Close to What You Can Make With a Self Directed IRA

Are you looking to open up an IRA to start saving for your retirement? Do you currently have an IRA with the highest IRA CD rate already setup with a bank or financial institution? I hate to be the messenger of bad news, but you're leaving some serious money on the table when it comes to retirement saving. This article will discuss how even the highest IRA CD rates don't even come close to what you could be earning using a self directed IRA.

It could perhaps be the biggest secret in retirement planning, which explains why less than 4% of all IRA holders do it.

So why do so many people choose to open the highest IRA CD with the highest IRA CD rates instead of self directing their IRA? There are a few reasons....

For one thing, not many people that are planning for their retirement are even given the option to self direct their account. Any employer who runs a 401k account for their employees would never encourage an employee to self direct their own funds because the employer wouldn't make a dime off of the employee's transactions. They would rather pick the securities that make them the most money and force the employee to invest in those assets. This way, both the employer and the employee makes a profit off of the transaction.

This is the same for banks. Banks that offer even the highest IRA CD rates choose what your money is invested in. What they choose to invest in makes them money too. So, say your highest IRA CD had a guaranteed 5% return. Most likely, the bank is making 10% or more off of your contributions, and only giving you half of those profits! That doesn't sound fair, right?

Another reason that people go for the highest IRA CD rates and not self directed IRAs is due to the fact that the highest IRA CD is the "easy" way to invest. Most people don't want anything to do with choosing what their retirement money is invested in- as long as they get a steady return on their investment. People also feel that they couldn't possibly manage their own retirement account, thinking that it would take too much time, effort, and knowledge to make it work right.

The whole point I'm trying to make here is this. Banks, brokerages, and financial institutions are in business because of this make-believe "difficulty" of managing your own investments. They take the place of this fear that people have with investing. And the sad part is- they're taking part of your profits too!

HERE'S THE TRUTH THOUGH- If you educate yourself from the start, self directing your retirement account is not difficult at all! In fact, you can find a knowledgeable and experienced company to hold your hand along the whole process. Being the owner of a self directed IRA, you have COMPLETE control over what goes on within your account. You also have a much wider range of assets to invest it besides stocks, bonds, mutual funds, and other common securities.

For example, if you decided to open a self directed IRA (either by starting a new account or rolling over funds from other retirement accounts) instead of opening the highest IRA CD, you could invest in real estate and experience a 15%, 20%, or even 30% return rate on your investment!

Now, I know what you're probably thinking- how could I possibly know how to manage real estate deals? Well, this is where you can use the knowledge and experience of a company I communicate with that specializes in helping people with IRA real estate investing. If you can place money into a retirement account, learn the basics of IRA real estate investing, and express to your IRA custodian what it is you want to do, then you can make IRA real estate investing work for you- all by using very little of your time and effort!

To learn more about investing in real estate using a self directed IRA, I invite you to check out http://www.increase-ira-wealth.com

Don't let employers, banks, and third-party financial institutions steal a substantial chunk of your retirement savings. Take matters into your own hands and learn more about investing in real estate today!