From NAR
As independent contractors, most REALTORS® lack access to employer-sponsored retirement plans, such as a 401(k) or pension plan. The responsibility for your long-term financial well-being rests solely on your shoulders. Fortunately, being a small business owner gives you access to certain financial mechanisms that help you save more money and grow your nest egg.
A self-directed IRA is a retirement account that enables you to take complete control of your investments. You can move beyond the preselected investment options that come with traditional 401(k)s and actively select, buy and sell the assets within your SDIRA account. These assets can include alternative investments like real estate—which you specialize in.
SDIRAs give real estate agents greater flexibility and control over their financial future. Here are some of the main benefits:
- You can make bigger contributions.
- You’ll see higher average ROI.
- You can build a guaranteed income stream.
- You can gain access to new capital.
NAR REALTOR Benefits® offers an exclusive discounted flat annual fee for self-directed retirement accounts with IRAR Trust Company. Find out how to open an account.
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