We’ve seen a lot of changes in the economy over the past few months: interest rates are rising, inflation hitting record highs, and the White House recently announced the Student Debt Relief Plan. Most Americans are feeling the pinch of inflation in their wallets, but what you might not have considered is how these external factors are impacting your nest egg and your retirement plan.
On this episode of Investing in Real Estate, you’re going to learn how the state of the economy is impacting retirement accounts and savings accounts across the board. I’ll also share an action plan you can take to protect your wealth, and why real estate is a critical part of any retirement plan. Click play to hear what’s coming in the economy!
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An action plan for smart investors:
- Review your current assets. Take an honest look at your overall portfolio and measure its growth, especially over the past year. What’s working for you, and what’s not? Do you have old 401ks or savings accounts sitting around getting eroded by inflation?
- Consider a plan to diversify. Can you convert a 401k to a self-directed IRA? Can you pull money out of stocks to buy real estate? The options are endless here. There’s almost always a way to convert to a different investment type.
- Don’t underestimate the power of taxes. This is the time of year when rich people make certain they have all shelters in place for their tax money. The sting of inflation is bad enough without the government reaping the benefits as well! Consider not only the tax benefits of investing in real estate, but also look into options like a self-directed IRA or a cost segregation. And if you’re not working with a great CPA already, now is the time.
- Understand the benefits of owning rental real estate. If you are serious about protecting your financial future, we have the solution. Our newly available duplexes are ready for contract and can close quickly. When you buy real estate, you are investing in a tangible product that offers you a long-term solution for your retirement in a tax-sheltered manner. A duplex is an especially powerful solution because you’re purchasing two doors with one loan. This doesn’t always happen, but this particular round of properties work within ALL of our programs and financing options. We work with over 100 different lenders and can offer a customized solution that is tailored for your specific goals.
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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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