Self-directed IRAs are gaining popularity, and for good reason. On today’s show, I’m explaining what a self-directed IRA is, and how to use this retirement account for real estate investing. You’re going to learn about the benefits of self-direction, and how you can decide if a SDIRA is right for you.
I’m sharing how a self-directed account differs from traditional retirement vehicles, and why it matters. If you’re financially intelligent and are ready to take control of your future, you’re going to want to hear this episode. Click play to learn more about self-directed IRAs!
On this episode you’ll learn:
- What a self-directed IRA is.
- How to gain more control with your retirement.
- How to know if a self-directed IRA is right for you.
- And so much more!
What a Self-Directed IRA Is
A self-directed individual retirement account is a more flexible version of a traditional IRA. A self-directed IRA, or SDIRA, allows many more investment types than a traditional retirement plan. A SDIRA provides the investor with more control over their investment vehicles, and is not restricted to the standard IRA investments such as stock, bonds, and mutual funds. A SDIRA allows for a variety of investment options such as rental real estate, digital currencies, precious metals, and more.
How to Gain More Control with Your Retirement
When you invest inside of a self-directed IRA, you will have control over your investment decisions. There’s no company or broker telling you what to buy. You can invest as you see fit, based on your experience, knowledge, and financial goals. If you’re financially intelligent, having control over your life savings is wiser than having a random company employee make the decisions for you, and investing in a Self-Directed IRA makes that possible.
How to Know If a Self-Directed IRA Is Right for You
SDIRAs are best for those who wish to have more control over their portfolio. When your retirement is locked inside a 401k or traditional IRA, someone else is in control of your finances and your future. Plus, the stock market dictates how much money is left in your account at retirement time. If you want control over your retirement, a SDIRA would be a good fit.
Episode Resources
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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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