Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments [Paperback]

Nora Peterson (Author)

Book Description

Publication Date: July 10, 2006

In recent years many smart investors have exited the stock market because they have essentially lost control of their investments. They have relied on the advice and skill of their brokers, bankers, and financial advisors. Many retirement accounts have dwindled or not increased. Fortunately, there is a great but little-understood alternative: the self-directed IRA. This new book will teach you how to turn your IRA into a wealth-building tool that you control 100%! Take control of your investment future, and make sure your investments are performing for YOU, not someone else. Why haven t your banker and broker ever told you about this new IRA? Because they will no longer make any money on your retirement account! New IRS regulations and the new self-directed IRA make it effortless to build up and keep hold of IRA money. Inside this new book you ll find out how to benefit from the new IRS rules and how to stay away from problems. With a self-directed IRA you can purchase real estate, buy a business or franchise, invest in high-yield mortgages and notes, invest in tax liens and foreclosed homes, manage property purchased by your retirement, rental property, ocean-front property, lake-front property, probate property, commercial property, REO property, tax-lien property, repossessed property, foreclosed property, apartment communities, and storage facilities. You can invest in stocks, bonds, mutual funds, or virtually any investment allowed by IRS regulations. The self-directed IRA lets you act as your own investment manager. We will show you how to set up your account with a custodian or IRA administrator to deal with the day-to-day activities, such as depositing contributions and executing and settling investment transactions. It s easy, fun, and puts you back in control of your retirement account. Retire Rich with Your Self-Directed IRA combines essentials, insight, and insider secrets to secure a financial victory after retirement. **Award-Winning**

Editorial Reviews

Review

...right on target with providing the information investors need to know to get started. -- Jim Wagner, President and CEO of Trust Administration Services"...right on target with providing the information investors need to know to get started. -- Jim Wagner, President and CEO of Trust Administration Services ...right on target with providing the information investors need to know to get started. --Jim Wagner, President and CEO of Trust Administration Services. The knowledge that can be gleaned from reading this book can truly allow you to retire rich . Nora does a tremendous job of delivering non-bias information on the self-directed industry and ways to increase returns and mitigate risk. Retire Rich with Your Self-Directed IRA is a must read for anyone who is ready to take a more active role in the investment of their retirement funds. --David Nilssen, CEO, Guidant Financial Group, Inc. A very well written book on the subject of self directed IRAs which should prove a valuable resource for Americans who choose to self direct their retirement plans beyond the market in areas where they have knowledge and expertise. --Richard Desich Vice President of Equity Trust Company, a leading custodian of self-directed IRAs and small business retirement plans. Visit us at trustetc.com or call at 1-877-693-8209. The National 2007 Indie Excellence Book Awards Business Finalist; 2007 Independent Publisher Book Awards Finance/Investments/Economics, Bronze; ForeWord Magazine's Book of the Year Awards Finalist; USA Best Books Awards 2007 Business --Book Awards A very well written book on the subject of self directed IRAs which should prove a valuable resource for Americans who choose to self direct their retirement plans beyond the market in areas where they have knowledge and expertise. --Richard Desich Vice President of Equity Trust Company, a leading custodian of self-directed IRAs and small business retirement plans. Visit us at trustetc.com or call at 1-877-693-8209

The National 2007 Indie Excellence Book Awards Business Finalist; 2007 Independent Publisher Book Awards Finance/Investments/Economics, Bronze; ForeWord Magazine's Book of the Year Awards Finalist; USA Best Books Awards 2007 Business --Book Awards

A very well written book on the subject of self directed IRAs which should prove a valuable resource for Americans who choose to self direct their retirement plans beyond the market in areas where they have knowledge and expertise. --Richard Desich Vice President of Equity Trust Company, a leading custodian of self-directed IRAs and small business retirement plans. Visit us at trustetc.com or call at 1-877-693-8209

About the Author

Nora Peterson has been actively involved in the real estate and financial markets for more than three decades. A retired computer industry analyst and business writer, Ms. Peterson trades the stock market and writes both fiction and nonfiction from her home on the outskirts of Phoenix, Arizona.

Product Details

• Paperback: 392 pages
• Publisher: Atlantic Publishing Company (FL) (July 10, 2006)
• Language: English
• ISBN-10: 091062772X
• ISBN-13: 978-0910627726
• Product Dimensions: 9.1 x 5.9 x 0.9 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #306,404 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

44 of 51 people found the following review helpful:

5.0 out of 5 stars Irate with your IRA? Read this book!, December 18, 2006

By 

Paige Jackson "Escape To Another World" (Texas, USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments (Paperback)

Are you 20-40 years old? Do you have $100,000 in liquid assets? Does your company provide a 401(k)? How about IRA's? Are you a current contributor to one? Would you like to retire in comfort, preferably before you are 70?

If you answered yes to any of these questions, then this is the book for you. I'll admit up-front that I only answered yes to three of these myself - and the liquid assets and 401(k) were not them. I bought this book, but I was afraid it would be filled with technical mumbo-jumbo that would make my eyes glaze over in defeat. Luckily that was not the case at all. In fact, I read this book in less than 24 hours, and plan on reading it again and again and . . .

Peterson starts out slowly, explaining assumptions and terminology. Then we get to meet Joanne Moneymaker (that's Jo for short) who, after being a victim of corporate downsizing, has to decide what to do with her 401(k) funds. The author walks her through all the choices, explaining them in simple language with plenty of illustrations and charts - and the benefits and disadvantages of each. For those of you who are more advanced than I, you can skip the first few chapters and plunge right on in to the hard numbers. Penalties, taxes, and general IRS red flags are covered and warnings are peppered throughout. That being said, this book walks a person through taking charge of their own retirement and finances by moving to a self-directed IRA and using said funds to:

1) Buy and sell real estate - traditional versus nontraditional real estate sources
2) Become a landlord
3) Become a lender
4) Owning a business
5) Buying precious metals

Additionally, Peterson covers areas within these divisions such as risk management, repossessions, REO properties, subcontractors, and credit risks. The book ends with planning for distributions and quite a bit of information about estate planning. Unfortunately, I am not in a position where I can go out and buy properties or make loans or buy precious metals. However, now I know what is out there and what I need to work towards. Whether you're just starting to plan your retirement or are well into the process, there is something here for you. Call it IRA's demystified!

40 of 47 people found the following review helpful:

5.0 out of 5 stars Take Control of Your Retirement Investments!, November 1, 2006

By 

G. Ochs - See all my reviews
(REAL NAME)   

This review is from: Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments (Paperback)

It's a revelation! I happened upon this book and it revealed to me retirement options that I had no idea existed. The author, Nora Peterson, explains that unlimited opportunities exist for increasing the value of retirement accounts through the use of a self-directed IRA.

Instead of traditional approaches to investments, she says, consideration should be given to a self-directed IRA . . . a method of investment that is significantly more flexible than conventional IRA and 401(k) plans, conforms to IRS rules, and offers the investor full control over his or her accounts.

The book compares the results of investing using conventional strategies with the self-directed IRA and explains the route and rules for setting up a self-directed IRA. Ms. Peterson also describes investment options that I had not before considered, like investing in real estate-secured notes, real estate purchase options and precious metals, and includes chapters on estate planning and planning for distributions for the IRA account.

This books presents a novel approach to retirement investments, and presents it comprehensively. It's a more than worthwhile read.

19 of 22 people found the following review helpful:

5.0 out of 5 stars Successful Retirement Planning - Knowing the Right Questions to Ask, January 20, 2008

By 

Tremayne Narte "mentor.tman" - See all my reviews
(REAL NAME)   

This review is from: Retire Rich With Your Self-Directed IRA: What Your Broker & Banker Don't Want You to Know About Managing Your Own Retirement Investments (Paperback)

One of the main goals of author Nora Peterson, in the publishing of this book, was to share information in an easily understood format to increase the awareness of the multiple options available to retirees and future retirees when considering how to invest and protect hard-earned money accumulated over a lifetime.

The book addresses a wide range of critical aspects to be considered when planning for a long-term retirement. It touches upon subjects we have heard about, some that we haven't, and yet others that should be considered when planning for our future and those of our heirs.

Taking control of our financial future
* Movement of retirement funds into a self-directed IRA
* Understanding the roles and responsibilities of an IRA custodian, trustee, and administrator
* Creating a team of professionals to maximize income-producing opportunities while effectively managing risks - especially as it pertains to unnecessary tax penalties which can and should be avoided

Non-Traditional IRA investment options
* Real Estate
* Purchase and sale of mortgage notes
* Owning a business within an IRA or participating in a business partnership
* Buying precious metals

Managing distributions from our IRA
* Circumstances permitting withdrawals prior to age 59½ without paying a 10% tax penalty for early withdrawal
* Withdrawals to pay for health insurance when unemployed, without incurring a tax penalty
* Withdraw $10,00 to purchase a first home for a child, grandchild, or parent without penalty

Asset Protection and Stretching Your IRA
* Designation of a single beneficiary; and
* Designation of multiple beneficiaries to minimize tax risks

Getting to the "point" according to Nora Peterson:

"The point is getting through this life with the maximum comfort and security you can arrange and ending up with at least a little left over when you're finished."

That is our intended goal, isn't it?