Solo 401k Real Estate Investment
A 2012 Sense Financial study reveals that Solo 401k real estate investments are popular choice for those who want to grow their retirement accounts.
Many are taking a new look at how they save and prepare for retirement. Outliving your money and becoming a financial burden on your children is a common fear. And Social Security benefits are not immediately helpful. Those who were born in 1960 or later must wait until age 67 to collect their full Social Security benefits.
A lower standard of living in retirement is another fear and for some, a real possibility. You may have to postpone your retirement in order to preserve the same standard of living. For some, this means working into your late 60s or even 70s.
With a longer lifespan, it is extremely important to take control of your retirement accounts today. You may not be able to afford to rely on the support of the government or your family after you stop working.
Solo 401k real estate investments
Many people are seeing self-directed retirement accounts as the answer to their dilemma. A vehicle like a Solo 401K or Checkbook IRA allow you to have full control over your retirement account. You have the flexibility to use your retirement funds to purchase income-producing real estate or invest in mortgage notes and other non-traditional investments. A Solo 401k or Checkbook IRA allows you to take full advantage of the outstanding investment opportunities in today’s real estate market.
Be proactive today. Instead of just hoping that everything will turn out okay, take the positive step and learn how they can be in control of your retirement accounts and ultimately, your financial future.