retirement

6 surprising IRA investment options

Retirement » 6 Surprising IRA Investment Options

Looking for alternatives
Looking for alternatives

Most people think of stocks, bonds, mutual funds and the like when deciding where to invest their individual retirement account, or IRA, funds. But you have many other choices.

You might want to try a nontraditional approach with at least some of your IRA assets. Saving for retirement can be done via a number of unusual investments, including real estate or a closely held business. Likewise, a physical stash of gold coins may appeal to you if you worry about financial calamity or runaway inflation.

Before using your IRA to dabble in investments that are out of the mainstream, however, be aware that along with potential rewards are, in some cases, higher-than-average risks. Nontraditional investments typically are done through what's known as self-directed IRAs. You'll need a custodian to handle the account, who may be tough to find, because major IRA custodians such as banks and mutual funds typically stick to basic offerings. So do your homework, don't rush -- and don't do anything that makes you uneasy.

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.30%  0.05 4.25%
15 year fixed, 0 point 3.29%  0.03 3.32%
5/1 ARM 3.45%  0.18 3.63%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.08 4.46%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73%  0.02 2.71%
48 month used car loan 2.97%  0.05 2.92%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.91%  0.01 0.92%
2 Year CD 1.08% --0.00 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67% --0.00 15.67%
Cash Back Cards 16.36%  0.01 16.35%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Gen-Xers slog toward retirement

If you're 20 or 25 years from hanging up your work boots, the biggest challenge is knuckling down to a savings routine.  ... Read more

advertisement
Partner Center
advertisement

Connect with us