A self-directed IRA is one in which the account owner makes the investment decisions, within certain guidelines. A self-directed IRA may be invested in real estate, stocks, mortgages, franchises, partnerships, private equity, tax liens and many other investments.
A self-directed IRA may be used for socially responsible investing, which is a good way to give back to the community. I want to search out opportunities for investing that will provide jobs in my community. Starting a business ira to open a company involved in green technology and alternative energy would be one option. Real estate investing that includes providing low-cost housing alternatives would be another.
Other options I will research are investing in companies that are making biofuel from blue-green algae, wind farms, wave action power generation and geothermal energy.
Explore your options for a self-directed IRA. Is there something you could do with your money that would benefit your retirement and your community? Put your money to work for you and your community. Think about it.