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Self-Directed IRA for Real Estate Investing Explained
https://www.sofi.com/learn/content/self-directed-ira-real-estate/
A self-directed IRA (SIDRA) allows you to save money for retirement on a tax-advantaged basis while enjoying access to a broader range of investments. Opening a self-directed IRA for real estate investing is an opportunity to diversify your portfolio with an alternative asset class while potentially generating higher returns. Using a self-directed IRA to invest […]
Benefits, Drawbacks, and Options of a Self-Directed 401(k) Plan
https://www.sofi.com/learn/content/self-directed-401k/
Self-directed 401(k) accounts aren’t as common as managed or target-date 401(k) plans, but they can be of real value for DIY-minded investors. What is a self-directed 401(k)? These 401(k) plans — which may be employer-sponsored or available as a solo 401(k) for self-employed individuals — expand account holders’ investment choices, giving them more control over […]
What Is a Mortgage Lien? And How Does It Work?
https://www.sofi.com/learn/content/what-is-a-mortgage-lien/
A mortgage lien may sound scary, but any homeowner with a mortgage has one. It’s simply the legal claim that your mortgage issuer has on your home until you have paid off your mortgage. Then there are involuntary liens, which can be frightful. Think tax liens, mechanic’s liens, creditor liens, and child support liens. What […]
Flexible Spending Accounts: Rules, Regulations, and Uses
https://www.sofi.com/learn/content/flexible-spending-account-rules/
Flexible spending accounts, or FSAs, are special savings accounts offered through some employer benefit plans. They allow the account holder to pay for certain out-of-pocket medical and dependent care costs with tax-free money.However, FSAs come with some rules and regulations. For instance, FSA rules cap the amount of money that can be placed in the […]
What Is a Gold IRA? How Do You Invest in One?
https://www.sofi.com/learn/content/what-is-a-gold-ira/
While it’s common for people to use their IRA to invest in stocks, bonds, and other securities, it’s also possible to set up a self-directed IRA to invest in physical gold bars, coins, or bullion. Although the assets within a self-directed IRA are considered alternative investments, these accounts still follow the standard IRS rules regarding […]