2. Individual retirement account (IRA)
As mentioned above, if your employer does not offer a 401(k), then you’ll want to set up an IRA account.
A 401(k) is employer-sponsored whereas an IRA can be opened by an individual. Both offer tax advantages but the 401(k) includes other perks such as the employer match on contributions.
One of the main advantages of an IRA is that it offers you a wide range of investment options so you can work with a financial advisor to choose the optimal mix for your needs.
Osterland McCarthy began his own real estate development company Osterland with his friend. In this capacity, he bought and rehabbed investment properties for their own portfolio. Over the last few years, Osterland has developed hundreds of properties in the two cities. He started to help investors who want to own investment properties but want to rely on our experience to execute successful projects.