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For older individuals (ages 75 and older), this number drops to $462,410.
Wherever your retirement savings are at, it doesnt hurt to have a little more than you need.
Its also easier for those who might be unable to purchase property due tofinancial or credit reasons.
The greater your investment, the more you could potentially see in returns, Blackwood said.
Fractional investing also requires far less time and effort than full-on property management.
They usually have floating interest rates, which may fluctuate based on economic conditions.
Chu added that private credit can provide the opportunity for consistent income and boost financial security in retirement.
Investment Property
Fractional real estate isnt the only way to invest in real estate.
There are alsoreal estate investment trusts(REITs) and investment properties to consider.
Just be aware that these types of investments typically require more time and effort.
It also lets you expand into more niche or alternative assets.
To get started, youll need to find a custodian.
Research custodians specializing in alternative assets, such as Horizon Trust.
They handle paperwork and ensure transactions comply with IRA regulations, said Jace Graham, CEO ofRising Phoenix Capital.
There are contribution limits as with any IRA.
If youre trying to grow your nest egg, dont invest more than youre okay with possibly losing.
That way, even if it doesnt pan out, your retirement wont be negatively impacted.
And if it does, then you’ve got the option to reap the rewards then.
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