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You Can Invest Your IRA In Your Future Retirement Home

Monday, May 13, 2013 - 3:37 PM
According to the Employment Benefit Research Institute, 49 percent of Americans are either “not too confident” or “not at all confident” about achieving a comfortable retirement. And it's true: A comfortable retirement can demand a lot of money many Americans don't have. One novel way working Americans can close that retirement gap is to buy a home and rent it out to generate more retirement income, all using an Individual Retirement Account.

You Can Invest Your IRA in Your Future Retirement Home | Real Estate | Mortgages | Get the best rates on mortgage, home equity loans, CD, money markets and checking accounts | BankingMyWay
3
ShorebreakShorebreak2,365 posts since
Apr 6, 2010
Rep Points: 12,596
1. Monday, May 13, 2013 - 4:13 PM
Before anyone tries this idea, be aware that being a landlord is a pain (bad tenants, damaged property, calls at night for repair, etc.).  You really do not need this sort of pain when you are happily retired.
1
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
2. Monday, May 13, 2013 - 5:22 PM
51hh, I agree with you.  Owning rental property has been a profitable investment for many people.  A a good friend and his wife puchased their second (small) apartment complex recently and it is going very well for them.  However, my personal experience as a landlord was not one I'd care to repeat. 
1
pearlbrownpearlbrown1,356 posts since
Nov 2, 2010
Rep Points: 5,955
3. Monday, May 13, 2013 - 6:39 PM
The example in the article describes a retirement home purchased in a "a private gated community". Not only are residents probably highly screened but I'm surprised the community even allows renters.
2
ShorebreakShorebreak2,365 posts since
Apr 6, 2010
Rep Points: 12,596
4. Monday, May 13, 2013 - 7:05 PM
SB,

No matter how it is described, one has to pay for what one earns.  There is no free lunch. 

That was my point.

BR,

51
1
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
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