Book review:Retire Rich With Your Self-Directed IRA By Nora Peterson, Atlantic Publishing Group, Inc.,1210 SW 23rd Place, Ocala, FL 34474, ISBN 9780910627726 ,091062772X , $21.95, 392 Pages, 2006
Ms. Peterson’s new book offers those frustrated with financial planners perspective of churning their IRA accounts to generate fees for themselves instead of truly exploring options to grow their clients financial base in a IRA. Going on your own in investments can be seen as risky by new investors, but the author lays out the principles to be successful in a variety of investments that many lay-people aren’t aware of. rolled into this definitive book is the foundation of starting your own business to manage a menu of investments. A foreword by Christopher F. Meshginpoosh, C.P.A. lays out the benefits for readers to start their own self-directed IRA.
Chapter titles include: The book is broken down into four sections with applicable chapters. Section One is Choosing to Retire Rich, chapter titles include; Extreme Makeover-Retirement Style, An IRA Primer, Keeping What’s Yours, Section Two; Laying a Solid Foundation with supporting chapters: Choosing an Administrator, Jo’s Backup Crew, Managing Risk. Section Three covers; Building Blocks to Retiring Rich with accompanying chapters; The Allure of Real Estate, Becoming a landlord: Investing in Income Property, Becoming a Lender: Investing in Real Estate-Backed Notes, Buying Options: The Ultimate In-and-Out Transactions, Alternative Sources for Real Estate, Business Structures, Owning a Business, Buying Precious Metals. Section Four wraps up the book with chapters on Planning for Distributions and Estate Planning . Additional features are an introduction with Assumptions and Terminology, bibliography,conclusion, glossary, two appendixes and an author biography.
Chock-full of many creative options for managing your own self-directed IRA, this book is the perfect primer for those looking to venture out of cookie-cutter IRA products. Helpful tips, call-out boxes, and a resource appendix to point you in the right direction to receive answers on all your important questions concerning taking charge of your retirement finances.