How to Use Your IRA or 401(k) to Invest in Real Estate for Retirement
Johnny Lynum
Built a $14M real estate portfolio investing part time & now I help veterans and high-achieving professionals build millionaire-level wealth through real estate investing | Founder REI Genius | Author | Speaker
by: Johnny Lynum, The Military CEO | REI Genius ??
When it comes to preparing for retirement, most people think of traditional savings accounts, stocks, and bonds. But what if I told you there's a way to supercharge your retirement savings by investing in real estate using your IRA or 401(k)? ?? Yep, that's right! You can turn your retirement account into a powerhouse of wealth-building by venturing into real estate. ???? Let’s dive into how you can make this happen, with some up-to-date stats and tips to guide you on your journey.
The Real Estate Retirement Revolution ??
Real estate investing is a tried-and-true method for building wealth, but it's not just for the wealthy or the real estate moguls. With the right strategy, you can use your retirement accounts to get in on the action. ?? According to a 2024 report by the National Association of Realtors, real estate investments have outperformed the S&P 500 by 6% annually over the past decade. ?? That’s a compelling reason to consider using your IRA or 401(k) for your next big investment.
How to Use Your IRA or 401(k) for Real Estate Investing ???
Benefits of Using Your Retirement Accounts for Real Estate ??
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Potential Pitfalls and How to Avoid Them ??
Wrapping It Up ??
Using your IRA or 401(k) to invest in real estate can be a game-changer for your retirement strategy. ?? With the right planning, you can enjoy the benefits of property ownership while taking advantage of the tax perks offered by retirement accounts. Remember, the key to success is understanding the rules, working with reputable professionals, and making informed investment choices. ??
Start by exploring your options for SDIRAs or Solo 401(k)s and get in touch with a custodian who can help you set up your account. Investing in real estate for retirement is not just a strategy; it’s a way to secure your future and build lasting wealth. ????
Here’s to your successful retirement journey! ??
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Feel free to reach out if you have any questions or need guidance on getting started with real estate investing for retirement. Let’s go! ????
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