4 Steps to Opening a Self-Directed IRA with an 8% Interest Rate

Many people like the idea of having control of their retirement but don’t know where to invest.  Real estate is tempting, but what if you make the wrong decision?  Currencies?  Gold or silver?  Or what if you're looking to invest a small amount, such as $10,000, into something to earn more than the 1% a bank account will pay.  While there are several options available, many people do want to have a guaranteed interest rate in return.  A SAFE Savings Account will accomplish this goal by providing the investor with a guaranteed 8% interest rate on their money.

When you deposit money with banks, they pay you a guaranteed interest of about 1%. Then they then pool yours and everybody else’s money and lend it out at 6-12%. In this arrangement, the banks receive both the collateral and the “Lion’s Share” and pay you a puny 1% return.

A SAFE Savings account provides you with a guaranteed, higher return.  While banks give you an insurance policy in the form of an FDIC certificate to secure your deposits, SAFE savings accounts provide you with collateral in the form of real hard assets, i.e., real estate.

Having control of your own money and knowing exactly what your interest rate is, is the safest way to really plan your retirement. How could anyone plan for their retirement if they don’t know what their return will be?

4 Simple Steps To A Safe Self Directed IRA

1. Find a company to set up a Safe Self Directed IRA
2. Set up an IRA account with a Self-Directed Custodian who will contact your old custodian and transfer your IRA to this new Custodian. All or part of your IRA can be moved as well as other retirement plans. Because the IRS rules are followed this “roll over” is not a taxable event. Other types of plans may be combined with your IRA into one Safe Self Directed IRA if you wish. It is very important that it is done correctly.
3. Call your old custodian and request that the money be wired into your new Self Directed Account so it can start it guaranteed return right away. If they mail a check, the banks can hold your money for 11 business days.
4. Start sleeping better knowing you now have your money in a place where it makes 8% guaranteed interest no matter what the market does.

From start to finish it will take between 2 and 3 weeks for you to be up and running. This process must be done correctly in order to get you on your way to making the kinds of investments that will allow you to enjoy the retirement of which you’ve been dreaming.

About the Author: Tom Bukacek is the Marketing Director for the Entrepreneurs’ Incubator, a company dedicated to assisting the Investor from novice to expert.  Tom is also a sales representative for the Warr Investments Group, a company that allows you to earn a Guaranteed 8% return on your Safe Self-Directed IRA.  For more information on this plan, please visit http://www.entrepreneurs-incubator.com/services/wigsafe/