Unlock Your Dream Retirement as a Real Estate Pro with This Special Account!

Navigating the world of real estate involves guiding clients through significant financial transactions that shape their futures. But what about securing your own financial future?

Real estate agents, often independent contractors without access to employer-sponsored retirement plans like a 401(k) or pension, must take the reins and plan for their long-term financial well-being. Fortunately, as a small business owner, you have access to financial mechanisms that can help you save more money and build your nest egg.

Meet Jason Cochran of Desert Sotheby’s International Realty in Palm Springs, Calif. When transitioning from a salaried position to self-employment, he turned to a self-directed IRA (SDIRA) to plan for retirement while generating additional income. Cochran, a National Association of REALTORS® member, discovered IRAR Trust Company, a NAR REALTOR Benefits® partner specializing in self-directed retirement plans.

Surveying real estate professionals like Cochran, the number of individuals opening SDIRAs at IRAR has seen a steady uptick, averaging a 22% increase year over year since 2021.

What Is an SDIRA and Why Do You Need One?

1. Bigger Contributions: For small business owners, SDIRAs allow larger contributions to retirement plans tailored for the self-employed, such as SEP and Solo 401(k) accounts.
2. Higher Average ROI: SDIRAs invested in real estate generally yield higher returns compared to conventional accounts offered by big banks.
3. Guaranteed Income Stream: SDIRAs provide predictable, tax-free rental income from real estate investments, ensuring consistent cash flow post-retirement.
4. Access to New Capital: SDIRAs enable diverse investment strategies like direct purchases, IRA LLCs, partnerships, and non-recourse loans to leverage resources effectively.

These benefits empower real estate agents to take control of their financial future and capitalize on their expertise in the industry.

Cochran, for instance, leveraged the partnership investment strategy through his SDIRA for home flipping projects, emphasizing the flexibility and speed it provides for his business.

Taking action now is essential for a secure future. SDIRAs offer a robust alternative to traditional retirement plans, offering stability against stock market volatility and allowing investment in real estate—a field agents intimately understand.

As Cochran wisely puts it, the control and peace of mind that SDIRAs provide are invaluable. Make the move today to secure your financial future and open a self-directed retirement account with IRAR Trust Company through NAR REALTOR Benefits®.