What is a Real Estate IRA and How Can It Help You?
If you’re thinking about investing in real estate, you may have heard of something called a “Real Estate IRA.” But what is a Real Estate IRA, and how can it help you reach your investment goals? The experts at First Western Federal are here to help answer that today!
So, What Is It?
A Real Estate IRA is a self-directed Individual Retirement Account (IRA) that allows you to invest in real estate and other alternative investments, like private loans, tax liens, and more. With a Real Estate IRA, you can use your retirement savings to invest in income-producing real estate, without having to pay any taxes on the profits you earn.
Self-Directed IRA
There are a few different types of Real Estate IRAs, but the most popular is the Self-Directed IRA. With a Self-Directed IRA, you have the freedom to choose what types of investments you want to make, without having to go through a broker or financial advisor. This means that you can invest in whatever type of real estate you want, without having to pay any fees or commissions.
Roth IRA
Another popular type of Real Estate IRA is the Roth IRA. With a Roth IRA, you can invest your money after tax, which means that you won’t have to pay any taxes on the profits you earn. This is a great option for investors who expect to be in a higher tax bracket when they retire.
No matter which type of Real Estate IRA you choose, you’ll be able to use your retirement savings to invest in income-producing real estate, without having to pay any taxes on the profits you earn. This can be a great way to boost your retirement savings, and help you reach your financial goals. If you have questions about Real Estate IRAs or other investing solutions, contact the experts at First Western Federal today!