Beware: 6 Fallacies About Retirement Plans

February 26, 2020

Retirement planning is easier when you have a clear understanding of the facts. As you begin to explore alternatives to standard stocks and bonds, misinformation springs up which can confuse even the savviest investors.

We’re going to look at the most common misconceptions that individuals have about self-directed IRAs:

1. You must invest in stocks, bonds, and mutual funds to be compliant with the IRA
2. Your investments are to be controlled by a bank or a brokerage house
3. You cannot own real estate in your IRA
4. You cannot move your IRA funds offshore
5. My Financial Planner Says that Buying Non-Stock Market Assets in my IRA is Risky.
6. It’s Complicated and You must pay a custodian high fees to set up a self-directed IRA