If you’re like most individuals, purchasing stocks and bonds is the typical action you’ll take to plan for retirement. Unfortunately, only purchasing and holding these types of traditional investments can leave you in a riskier position than you might like. Diversifying your portfolio with a self-directed IRA real estate option may be a better path to take. It provides tax advantages that you can’t get with traditional investments.
Diversifying Your Portfolio With Real Estate Can Be Beneficial
A top advantage of using a self-directed IRA real estate option is its ability to provide you with diversification. Using this investment vehicle allows you to place funds in residential or commercial properties and real estate investment trusts. Doing so is a top-notch way to offset stock and mutual fund investments if they ever have problems.
Providing Tax Advantages
Another benefit you’ll discover when investing in property is the tax advantage it provides. Upon retirement, you won’t have to pay taxes on earnings you withdraw. The initial contributions you make is done by utilizing after-tax dollars. Taking action early can be beneficial in the future when you utilize this strategy in your portfolio.
Get Assistance From an Experienced Financial Planner
If diversifying your retirement portfolio with nontraditional investments is foreign to you, you may want to get assistance from an experienced financial planner. They handle these strategies regularly and can guide you through the process efficiently. When you’re ready to get started, you’ll need to identify the property you’d like to purchase and then complete and return a Real Estate Purchase Kit to the company that’s helping you.
