AJ is considering investing in a self-directed IRA, but is unsure about the higher interest rates on a non-recourse loan. I’m sharing some insights on this process on today’s Q&A video!

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How to Determine If You Should Invest in a Self-Directed IRA
If you’re working with my team to invest in a self-directed retirement account, it’s possible that we will suggest a non-recourse loan. If you don’t have the entirety of the funds available in your IRA, a non-recourse loan plays well with the self-directed account. One drawback of a non-recourse loan is that it offers slightly higher interest rates than other loans.

I can’t tell you whether or not you should move forward with an investment, but my advice would be to weigh the pros and cons. While a non-recourse loan does offer a higher interest rate, there are many other benefits to this banking product. I would also say that generally speaking, it’s usually a good move to start investing sooner than later.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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