By: Jeff Dixon, Vice-President of Business Developmen

How do you foresee your retirement?  Who could have foreseen the way 2020 has gone so far?  We must plan, even for the unexpected, and that is what we help you do at uDirect IRA Services.  One major issue that has not received enough attention during the 2020 Covid-19 pandemic is retirement plans.


The CARES Act, which came out in Q1 of 2020, allows you to withdraw up to $100,000 if you are affected by Covid-19.  As a result, many people have taken funds out of their accounts.  What has not received adequate attention is the need to save for the future.

Need to Save

For far too many people, the layoff’s have not just impacted their current financial condition but have severely set back their retirement plans.  Around 81% of people say they will need to rely on Social Security and Medicare to help during their retirement years.  This is unfortunately happening at the same time as projections for Social Security and Medicare show these programs being unable to provide full benefits as early as 2035, and possibly even sooner. (1)

It is important to continuously be building your retirement plan. Self-Directed IRA’s and Solo 401k’s are excellent ways to accomplish this. With a Self-Directed IRA or Solo k, you can invest in assets outside of the stock market, such as rental properties, loans secured by real estate, precious metals and more! By contributing to your retirement account, you may well see a reduction in the amount of income tax you pay PLUS your retirement savings will grow tax-free or tax-deferred.

When it comes to Self-Directed IRAs you can invest outside Wall Street.  Here is a link to investment options. 

Building Your Retirement

Many fortunes in the USA can be attributed to investing in real estate.  As David Greene stated in Forbes, “That said, appreciation, or the rising of home prices over time, is how most of the wealth is built in real estate. This is the “home run” you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change. (2) An action plan involving a Self-Directed IRA or Solo 401k can assist you with your retirement needs so your proceeds are tax-free or tax deferred.

uDirect is here to help you understand how to set up a self-directed retirement account that can invest in alternative assets like real estate. Contact us at 866-447-6598 or to set up a time to discuss your questions about our retirement plan services.