Investing in real estate with your retirement plan
Real estate remains at a 30 year high right now in many markets. The Wall Street Journal, New York Times, and countless other publications recently reported about big Wall Street companies jumping in and buying real estate rather than stocks… because they know they can get a better return.
So, why are most Americans still trusting their own retirement… IRAs… 401ks… with the stock market?
The answer is: no one told them differently.
Fortunately, you can get your money out of Wall Street jail by rolling your retirement funds into a self-directed retirement account.
White Coat Holdings is not a financial advisor. This information is not intended to serve as financial, tax, or legal advice but is for informational purposes only. Consult your own professional advisors before making any financial choices.
The self-directed retirement account for real estate
There are two main types of self-directed retirement accounts: the SD-IRA and solo 401(k). Both have similar tax benefits to normal retirement accounts, but you have more flexibility in deciding how you want to invest your money.
For example, you can invest in a real estate syndication or other approved investments. Basically, this opens up your options, allowing you to buy investment real estate with your SD-IRA or solo 401(k).
How does it work?
You will likely need to roll your traditional retirement account into a self-directed retirement account. There are several companies that specialize in providing this service. Many also act as custodians that can help you stay compliant with the rules.
Reach out to us for more information, and we can refer you to some of the companies that our clients have worked with in the past.
Note that opening this kind of account can take some time. Don’t wait until you’ve found a great real estate deal; get started today so your funds are ready to invest when you need them.