Did you know you can use your retirement dollars to invest in alternative assets? You can use your retirement funds to open a Checkbook Control Self-Directed Solo 401(k) or Self-Directed IRA (SDIRA) account with Rocket Dollar to invest in private assets such as real estate, funds, startups, crypto, and more. No taxes, no penalties, no extraordinary fees. Just amazing opportunities for double-digit returns within your retirement account.
Today, Dan Kryzanowski from Rocket Dollar is here to share more about alternative investing, and how to determine if it’s a fit for you. If you’ve ever wondered about investing with a retirement account, this episode of Investing in Real Estate is for you!
On this episode you’ll learn:
- The definition of self-directed investing.
- Three exceptions of self-directed investing.
- How you can learn more about Rocket Dollar & save $50!
- And more!
The Definition of Self-Directed Investing
Self-directed investing gives the investor the opportunity to take control over their retirement dollars. Instead of choosing from a few options like a traditional retirement account, a self-directed account allows you to invest in what you want, when you want.
Three Exceptions of Self Directed Investing
Because of the tax benefits of self-direction, the IRS has laid out strict regulations on self-directed accounts. In general, a self-directed account cannot be used to purchase life insurance. A self-directed IRA also cannot house collectables such as cars, stamps, jewelry, etc. Another prohibited transaction involves self-dealing—this means the investor (or the investor’s immediate family) cannot directly benefit from any investments in the account.
How You Can Learn More About Rocket Dollar & Save $50
Want to learn more about checkbook control self-directed accounts? Visit Rocket Dollar’s Knowledge Base, schedule a call or signup online today! Don’t forget to enter referral code DKRYZANOWSKI to take advantage of $100 off.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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