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Updated 4 months ago,

User Stats

21
Posts
17
Votes
Greta Andrews
  • Real Estate Agent
  • Saint Petersburg, FL
17
Votes |
21
Posts

Cash Value Life Insurance VS Self Directed IRA

Greta Andrews
  • Real Estate Agent
  • Saint Petersburg, FL
Posted

Cash Value Life Insurance VS Self Directed IRA

I know the two aren't usually talked about in the same breathe. Each would be compared to other products in the same wheelhouse. And they would be introduced by very different professionals. However, with my limited knowledge they seem like they could serve a similar purpose for me. Save money, pay less taxes, spend it on real estate and the stock market. I have wanted a self-directed IRA since I first learned of them about a year ago. The idea of Cash Value Life insurance is brand new to me, and was introduced by a financial advisor, but looks promising.

Some background on me:

I have a W-2 job and make about $80,000/year.  

I'm a real estate agent, and hope to make about $40,000 as an agent this year and intend to continue until I outgrow my W-2 job.

I will soon start renting out a triplex after April 1st.

My goal is to buy more small multifamily until my net worth is high enough to invest in someone else and sit back and collect the check Ie. apartment syndication.

Thought and comments are appreciated.

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