Can I use my retirement accounts to do this?
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As we draw down to some of the final questions in our private lending FAQ series, you will very likely want to address the use of retirement funds as a source of your private lender’s money.
The question we answer is: Can I use my retirement accounts to do this?
The answer:
It is very likely that you can use your retirement account to do private lending.
While I am not an expert at retirement accounts, I do have contacts with third party faciliatators that are experts at using retirement accounts to make private money loans and I would be happy to refer you to them where they can discuss your particular retirement account and assist you with setting it up to do private money loans.
With the tax benefits offered by some retirement accounts, it makes putting private money loans in your retirement account an extremely attractive investment.
Until my next post,
James
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