Infographics: What Every Investor Must Know About SD IRA Investing
“The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.” ~ Warren Buffet
Warren Buffet has poured his years of wisdom beautifully into this single sentence. If you’re an investor, irrespective of your choice of asset class, your goal should be to become more competent with every single deal. The same rule applies to real estate investors.
As real estate investors, your circle of competence, probably, lies in real estate. If you’re to choose an asset class for your retirement, it is likely to be real estate. In fact, several real estate professionals count on their properties to fund their retirement. However, when it comes to your retirement portfolio, the traditional plans offer limited investment choices, usually stocks, bonds, and mutual funds only. In short, when it comes to living a financially independent retired life, you’re pushed out of your circle of competence. That isn’t fair!
What would be your reaction if you are allowed to add real estate to your retirement portfolio?
You’re back in your circle of competence!
SD IRA: Real Estate Investing with Your Retirement Funds
What you require is a self-directed retirement plan. It is a plan that allows you to direct your investments and practice complete investment discretion.
Here is an Infographic put together to help you through the process.
So, what do you think?
Are you ready to get started?
Let’s talk in the comment section below!
If you are unable to view the image above, you can see the infographics here.