IRA Wealth, Second Edition: Revolutionary IRA Strategies for Real Estate Investment

by Patrick W. Rice and Jennifer Dirks

For decades, banks and brokerage houses effectively convinced us that IRA holdings could be invested only in stocks and CDs. Few people knew that there was a viable alternative that offered both... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0757000940
• ISBN13: 9780757000942
• Release Date: June 2003
• Publisher: Square One Publishers
• Length: 272 Pages
• Weight: 1.04 lbs.
• Dimensions: 0.7" x 6.3" x 8.9"

Customer Reviews

Examining both low-risk and high-return real estate ventures

IRA Wealth: Revolutionary Strategies For Real Estate Investment is the collaborative effort of Patrick W. Rice (investment columnist and the owner of IRA Resource Associates -- offering expertise in investment real estate for self-directed retirement accounts) and Jennifer Dirks (personal finance and real estate issues staff, and winner of the U.S. Small Business Administration's 2002 "Journalist of the Year award for the Pacific Northwest), diverges sharply from the common understanding that IRA holdings can only be invested in stocks and certificates of deposit. In response to the decline of the stock market, IRA Wealth presents real estate as a profitable and worthy investment venture, and one that is perfectly legal to hold in any personal IRA account. Examining both low-risk and high-return real estate ventures, IRA Wealth is a superbly presented, "reader friendly", informational presentation for anyone seeking to diversify their IRA account holdings into property as a hedge against the volatility of the stock and bond markets.

Packed with valuable ideas and real life examples

Despite having been a real estate investor for over 30 years, 18 of which participated in this well kept secret of self-directed IRA investing, I was stimulated by the straightforward explanation of the basics coupled with the many creative, profitable examples taken from the author's real life experience. There is something for everyone here, whether novice or seasoned real estate investor, conservative or high risk. Rice and Dirks use a nautical journey to give us an enjoyable reading style while keeping us aligned with the real world. A must read for anyone looking for fresh investment ideas.

Opens up new avenues for growing your retirement savings

As the CEO of an IRA custodial firm, PENSCO Trust Company, I had the honor of assisting with the editing of this book. Pat Rice and Jennifer Dirks have managed to take a generally unknown and complex area of IRA investing and develop an easily digestible and interesting book that will help millions of Americans restore wealth to their retirement accounts. While there are no guarantees in the world of investing, this book lays out very practical and varied methods of real investing through self-directed IRAs that should assist thousands to add value to their retirement savings. It just amazes me that someone like Pat can write this well, yet cannot catch a fish in a fish hatchery! Seriously, buy the book if you want to us an IRA to buy real estate. Tom Anderson.

Taking Control of Your Retirement

As someone who was hit particularly hard financially from the fallout from the Enron debacle, I've been actively seeking alternative methods to protect future wealth. This book provides a straight forward and practical guide providing insight into a viable option that most people never hear about. I particularly liked the easy reading style, as well as the thorough presentation of the material. Resources are carefully documented, adding credibility. The information is presented so that someone like me--whose only real estate investment to date has been my personal home--has enough information after reading this book to undertake this investment strategy. I've given out five copies to family and friends who also have interest in investing in real estate, but felt it was not going to be financially possible. To the writers, kudos!

A Practical Guide for My Retirement

I'm not sure which was the most frustrating:Watching my 401K shrink over the last few years.ORHaving financial & real estate people tell me self directed real estate IRAs were not legal.This book not only tells the reader why they are legal, but how to do it. Whatever your stage in life and whatever your station, there is a way to take advantage of nuggets in this book.Thank you Rice, Dirks and your staffs for the advice and resources in the book as well as your Website.