You may have noticed that real estate prices have been soaring over the past five or so years. And with the stock market gains we've experienced over that same period of time, you may have also seen a similar increase in the balances of your existing IRAs.
This has caused some people to wonder: if I want to buy real estate now, but most of my money is tied up in my IRA, is it a good idea to buy real estate inside my IRA? The short (and long) answer is this: no!
In this week's episode of Managing Your Financial Future, podcast host Johnny Dean and "Professor" Rick Plum, CFP® discuss why you should own real estate personally instead of in an IRA, and how you may be able to use those IRA funds without the headache and hassle of having your IRA own it. Tune in and find out more!