If you are like most people, you want to make sure that you have saved enough to enjoy the golden years of your life after you quit working. Retirement is something that many people look forward to. However, if you haven’t planned well for it, you might find yourself in a predicament. Saving with an IRA or a 401K can help set you up for success later in life. Another way that your IRA or 401K can work for you is to invest it in real estate. There are several ways that your IRA or 401K can invest in real estate for you so that you can keep as much of your money in your pocket as possible. Mark Dicus & Company is here to talk about how you can use your IRA/401K to invest in real estate to help set you up for retirement.
Directly Own Real Estate
The best and most popular way that people use their IRA/401K to invest in real estate is to purchase properties that they plan to use as rental properties. An investment like this is possible within a self-directed IRA. There are many tax benefits that come from this type of investment. One thing that you can count on is the tangibility of rental properties. They aren’t going to go anywhere and can provide income for many years without working yourself into the ground.
Owning Land
The next most popular way that you can invest in real estate is to purchase land. When you think about land, you have to remember that there isn’t anyone that is making anymore of it, so grabbing some while you can is always a wise investment. You can own it within an IRA, much like a rental property. This is another great way to use your money.
Owning Commercial Property
If you are looking for a property that will bring in several streams of income, commercial property is a great investment. This will also appreciate over time and when you have tenants, there is a steady stream of income coming in from it. There are also many tax benefits that come with owning a commercial property as well. For instance, some IRAs can allow you cash-flow tax-free or tax-deferred income depending on the IRA you use.
Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
Making plans early for your retirement is going to help you set yourself up for a wonderful life in retirement. You can enjoy those years that you have worked so hard for. If you aren’t sure what you can do with your IRA/401K, you can turn to Mark Dicus & Company to answer all of your questions. We can help you make wise investments that will help to set you up for the future. If you are worried about the tax implications of your investments, we certainly have the answers for you. Call us today!