507 - The Self-Directed IRA: What You Should Know About This Wealth-Building Tool by Kevin Perk

<p>Taxes. While we don’t have a choice in paying taxes, we can legally shelter some of that income from escaping our pockets. One way includes the self-directed IRA.</p><p>An IRA is an individual retirement account. If you work a job with benefits, your employer may sponsor an IRA. It was developed as a tool to help people save for retirement and many income tax incentives are offered as encouragement to save.</p><p>You do not, however, have to be employed in a full-time job or work for a big company to enjoy the benefits of an IRA. Self-employed real estate investors can also get in on the&nbsp;tax benefits&nbsp;of having an IRA. Every individual or small business owner has access to what are called self-directed IRAs. And these self-directed IRAs can be a great wealth building tool.</p><p>How?</p><p>By controlling what the IRA invests in. (Read more...)</p><p><a href="https://www.biggerpockets.com/blog/self-directed-ira" rel="noopener noreferrer" target="_blank">https://www.biggerpockets.com/blog/self-directed-ira</a></p><p>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.</p>