Diversify your retirement planning

Did you know you can use your retirement savings to purchase investment property using a self-directed IRA? Find out how to diversify your retirement plan.

What is a self-directed IRA?

The term self-directed simply means that the owner of the IRA has control over what investments the IRA makes. By doing so, IRA owners are taking control of their own retirement futures…by investing in what they know and understand.

Self-directed IRAs can acquire real estate, hold mortgages and notes, private placements (such as LLCs and trusts), precious metals, invest in foreign currency and participate in futures trading and other investment options. These plans can certainly hold the traditional stocks, bonds, and mutual funds, but the myriad of alternative investments are what attract owners of these accounts.

Real estate investments are the most popular assets in a self-directed IRA. Commonly called real estate IRAs, these accounts offer great benefits in building tax-deferred or tax-free retirement income. Often, investments are secured by property and provide diversity in your retirement portfolio that can be safer than traditional investment vehicles such as stocks or mutual funds.

You can purchase a property, renovate and flip it for a quick return or hold the property for several years in your account to make a profit through rental income. Your IRA can so invest in private lending opportunities to build wealth for retirement. When you self-direct a real estate IRA, the choices are yours to make!