The Risks Associated With Self-Directed IRAs
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Have you checked your returns on your IRA or 401k statements? You could be disappointed these days. While many may be scratching their heads trying to figure out what the problem is, many are turning to self directed IRAs hoping to find alternative ways to earn a little bit more, make up for the losses they have seen, or maybe to just diversify what they currently have. You as an investor need to understand the risks associated with self directed IRAs, as there are class action lawsuits around the country from defrauded investors and they are on the rise. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to explain what a self directed IRA is and why are investors investing in them.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.