Why Should I start a Energy, Oil and Gas IRA?

Energy, oil and gas IRAs are another version of a self directed IRA that gives you the opportunity to invest in the things that power our world. The energy industry has always been a lucrative industry and having the ability to invest in innovative technologies that will drive us into the future provides you with unique opportunities to not only create a financially secure retirement but to invest in the energy technologies that you believe will be the best option for the future.

Consider this for a moment. There is a lot of talk out there about global warming and how burning traditional fossil fuels are contributing to the greenhouse gases that are fueling this epidemic. With all of the emphasis on finding new, alternative fuels that not only get us to where we need to be, but also provide us with a more environmentally friendly way to power our world, wouldn’t it be great if you could invest in the companies that are working toward those solutions?

With an energy oil and gas IRA, you can do just that. You can invest in companies that are involved in the research of such alternative fuels as solar energy, biofuels, wind and water power and more. Each of these companies offers you a unique opportunity to get in on the ground floor of something that is almost guaranteed to increase in value. This is because these are the very technologies that we will be dependent on in the future to provide us with the energy we need to power our cars, our homes and so much more.

An energy, oil and gas IRA is a very unique type of self directed IRA. Just like other IRA options, you can make regular contributions that will grow tax free until the time of distribution. However, unlike other types of retirement accounts, energy, oil and gas IRAs allow you to invest in companies that are truly making a difference every day. This provides you with a sense of pride in the fact that you are not only making a difference for you future and the futures of those who depend on you but also in the lives of everyone who will one day be using the technologies that you are investing in today. No other retirement account offers you this kind of benefit.

If you are ready to open an energy, oil and gas IRA, the process is easy. All you need to do is to contact a custodian that handles energy, oil and gas IRAs and then complete the paperwork. Then, you will fund the account through a process known as a rollover. The rollover allows you to move the money in your existing retirement account and put it in your new iRA without the worry of having to pay taxes or an early withdrawal penalty. Lastly, you choose the energy, oil or gas companies you want to invest your money with and direct your custodian to make those investments. It’s really that easy to get started.