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I have $500,000 in self directed retirement ...

I have $500,000 in self directed retirement account with vanguard, I will retire in 5 years and my insurance agent wants to have me convert $350,000 to a annunity that is guaranteed to pay 6% . It has high fees, one and one half % and pelality for early withdrawal for the first 8 years.  Is this a good idea? I think I can self direct a fund and come out better even if I do not have the peace of mind that the return is guaranteed. What are your opinions


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Alternative Investments at www.HardMoneyMi.com

Self-Directed IRA accounts are a great way for you to control your investments.  I don't believe Vanguard has a self-directed that allows you to do everything available outside of their own portofolio of funds.  If you want a true self-directed IRA go to the website MoneyMi.com and click on Self-Directed IRA Investing and then scroll down to the bottom of that page for a list of Self-Directed IRA Custodians.  Your Self-Directed IRA money can generate a 14.9% return and will be secured. 
Posted 2008-10-14T16:10:13Z
HardMoneyMi was invited by Yedda to answer this question.

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We may be able to help.  Call us.  1-877-794-0560  Mike
Posted 2009-11-10T16:01:05Z
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