More and

and more people are realizing that their traditional retirement advice,

like using a 401k or relying on Social Security, is severely outdated and is just flat wrong.

This old school advice once helped generations before us create a comfortable retirement plan,

but it can no longer be keeping up with our modern world where the cost of

everything is rising. Your 401k and similar account types can really take a beating in

times of inflation. So it's no surprise that accounts that offer more flexibility, control, and protection from inflation are growing in popularity, massively.

But even for advanced investors, I mean the self-directed IRA can seem a bit complicated because tax advantaged accounts have a lot of rules and have a lot of regulations.

At Morris Invest, my company, we love educating investors about the freedom that a self-directed IRA can provide.

But the self-directed IRA is not a free-for-all.

Like any investment type, it's critical that you know

what you're getting into before you jump in.

So today, we're going to go through 10 rules

for building wealth with a self-directed IRA.

All right, you ready, buckle up. Number one, if you want to buy a rental property inside

your self-directed account, it must be an investment property. You cannot put your personal home or a vacation home

inside of your retirement account. You cannot do that. Number two, to go a step further,

the self-directed IRA does not allow any personal benefit at all

So you can't even use the garage at your rental property to store your things in it. This is just one example but only your self-directed IRA can benefit from your investment, not you personally.

If you have any questions about that, feel free to talk to our team about it.

We can even go more deeply into some of those strategies around that question.

Number three, the self-directed IRA funds are for retirement purposes only. So if you want to buy real estate inside of a self-directed

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