What You Will Learn At This Webinar - What is an SD-IRA/401K? - What types of assets can you invest with your retirement funds? - How can you access your retirement funds to invest passively while you are still working? - What are the restrictions on these types of funds? - And so much more! Follow Dan Handford: Follow Kris Bennett: Follow #SIN Storage Investor Nation: Passively Invest with Dan's Apartment Syndication Group: Investor Return Targets: ~18% Annualized Return *Fill out the investor form on the above website to have a one-on-one call to discuss your investment goals to see if our group is the right fit for you. #selfstorageinvesting #realestateinvesting #storageinvesting #selfstoragesyndication #realestatesyndication #passiveinvesting #danhandford #storageinvestornation-...(read more)
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Are you looking for a way to invest in self-storage without having to rely on outside investors? Setting up a self-directed IRA/401K is the solution you need. With a self-directed retirement account, you can use your retirement funds to invest in any asset class, including self-storage. Dan Handford, a self-storage investment expert, shares his insights on how to set up your self-directed IRA/401K to accelerate your self-storage portfolio. Step 1: Choose a Self-Directed IRA or 401K Custodian The first step towards setting up your self-directed retirement account is choosing a custodian that allows self-storage investments. Many traditional custodians only allow investments in publicly traded stocks, bonds, and funds, making it impossible to invest in alternative assets such as self-storage. Your self-directed IRA/401K custodian can help you navigate the process of setting up your account and investing in self-storage. You can choose from several custodians in the market, such as IRA Services Trust Company, New Direction IRA, and Equity Trust. Step 2: Fund Your Self-Directed IRA/401K Once you have chosen your custodian, you can now fund your self-directed IRA/401K. You can transfer funds from your existing 401K, IRA or rollover your funds from other retirement accounts. It is important to note that the IRS has contribution limits on self-directed retirement accounts. For the 2021 tax year, the contribution limit for traditional and Roth IRAs is $6,000. For 401K plans, the contribution limit is $19,500 for those under 50 years and $26,000 for those over 50 years. Step 3: Identify and Evaluate Potential Self-Storage Investments The beauty of self-directed retirement accounts is that you can invest in any asset class, including self-storage. However, it is important to do your due diligence and evaluate different self-storage investment opportunities to determine their potential for success. Dan Handford suggests that you assess the market demand for self-storage facilities, location, competition, and potential returns before making an investment decision. Step 4: Engage Professional Help For Investment Management Self-storage investment can be profitable, but it can also be complex and requires professional management. To ensure that your investment is successful, engage professional help, such as a self-storage investment advisor like Dan Handford. an investment advisor can help you identify potential investment opportunities, carry out due diligence, make informed investment decisions, and manage your self-storage investment portfolio. Step 5: Monitor Your Investment and Secure Your Future Lastly, always monitor and evaluate the performance of your self-storage investments. This helps you identify any potential problems early and make informed decisions when to buy or sell your investment. In conclusion, setting up a self-directed IRA/401K can help you accelerate your self-storage portfolio. With the support of a self-storage investment expert like Dan Handford, you can identify potential investment opportunities, evaluate them, and make informed investment decisions while securing your financial future. https://inflationprotection.org/how-to-set-up-your-self-directed-ira-401k-to-accelerate-your-self-storage-portfolio-w-dan-handford/?feed_id=76315&_unique_id=6406175c77310 #Inflation #Retirement #GoldIRA #Wealth #Investing #realestateinvesting #selfstorage #selfstorageinvesting #selfstorageinvestor #selfstoragesyndication #SelfDirectedIRA #realestateinvesting #selfstorage #selfstorageinvesting #selfstorageinvestor #selfstoragesyndication
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