Guidant Financial Group Blog

One of the great things about having a truly self-directed retirement account like Guidant’s Self-directed IRA LLC is that you have complete control over where your money goes. Unfortunately, one of the disadvantages of a truly self-directed account is that, well, you have complete control over where your money goes!

ABC News reported today on yet another retirement scam (see Beware Early Retirement Scams) promising unsubstantiated returns and early retirement for participants. Unfortunately, these kinds of scams are everywhere.

Even though the ability to direct your funds where you wish -- even on a whim -- is a very appealing benefit of a self-directed IRA, these early retirement scams only underscore the necessity of having a highly qualified and trusted financial advisor review your investment ideas.

Never invest in anything new without consulting a professional or acquainting yourself with people who have succeeded in this kind of investment before. It is true that there are a lot of investment opportunities out there that could potentially make you rich, but be wary of anyone who tells you it’s as easy as pulling out all your retirement funds and putting them into one plan!

Read our blog about the "guidant financial group scam".