Financial planning is an important aspect of real estate investing, and most of the realtors pay special attention to it. However, when it comes to retirement planning, we often prioritize other financial responsibilities instead. It’s critical to understand that you’ll need at least 80% of your current income to maintain your current standard of life during retirement. The good thing is that there are retirement options that allow you to accumulate retirement savings at a heightened rate. Self-directed retirement plans offer the freedom to invest in alternative assets, including real estate, mortgage notes, tax liens/deeds, precious metals, private equity, personal lending, and even the traditional stock/bond investments.
In order to help you choose the best self-directed retirement plan, our team has put together a small Infographic, comparing an SD IRA, IRA LLC, and a Solo 401k plan.