|by Jeff NabersAccording to Wikipedia.org, “A Self-Directed Individual Retirement Account is an IRA that requires the account owner to make investment decisions and investments on behalf of the retirement plan.”
It is a misnomer to use the term “self directed” to refer to retirement accounts that are allowed to invest in real estate and other alternative assets. A little bit of research will show you most of the major stock brokerage firms offer “self directed” accounts that do not have the capability to invest in alternative assets. All IRAs are self directed!
When people talk about using retirement accounts to invest in alternative assets, the issue isn’t who is directing the investments; The issue is the unnecessary limitations.
Therefore, I propose a new line of verbiage to clear the confusion of inappropriate wording previously used:
Unlimited™ retirement account
Unlimited retirement plan
Unlimited Roth IRA
Unlimited Roth 401(k)
Unlimited Solo 401(k)
Each of these terms references a retirement account that has been deemed “Unlimited” by an IRAAA Member. These marks are all protected intellectual property of Jeffrey Brian Nabers, association founder. For a person or company to use them they must submit a request to IRAAA, and in response they will receive limited permission to use the marks for their intended meaning.
This will disallow consultants, advisors, facilitators, administrators, custodians, and any other person or company from using the terms in a manner inconsistent with their intended meaning.
Application of this new line of verbiage will improve the investor’s ability to clearly determine whether the retirement plan products and services they are evaluating have the features they desire.
Permission to use the above mentioned marks may be requested using the contact form online atwww.iraaa.org.