I’m all about keeping more of all things that are good, especially when it comes to my hard-earned money. I also know that even the best financial advisors can’t offer their clients, or have expertise in, every type of investment. Many financial advisors won’t always tell you about a strategy for retirement is that is growing quickly in popularity. It’s called a self-directed IRA, sometimes a checkbook IRA, and by having one, you are able to take advantage of a myriad of opportunities that may be outside of the options that your financial advisor is able to offer.

Basically, with a self-directed IRA you can take all or part of your retirement account and roll it over into an account where you control the investments instead of the company that handles your IRA. If you are careful and do your homework, you can often save thousands of dollars on fees while diversifying from the stock market.

I first converted some of my IRA holdings to a checkbook IRA about six years ago, and it’s how I began investing in passive multifamily real estate syndications. Multifamily, value-add syndications are a great type of investment for a checkbook IRA because most are held for two to seven years while small improvements are made. During that time they generate passive returns and then are liquidated for a bottom-line profit. That profit is usually taxed as a capital gain, but if it happens within your IRA, you won’t pay taxes until you actually retire and begin to withdraw income from that IRA. It’s also possible to use your…