Real Estate

19-Year-Old Investor Turns $10 into $4,800 for His IRA

June 13, 2019
We like Equity Trust’s fee structure: there’s not a cost associated with each transaction
Ryan, Maryland Real Estate Investor

To Ryan, it made sense to opt for a Roth IRA for his self-directed investing.

“I’m pretty young. I can benefit from the tax savings a Roth account offers,” he says, “so it’s a great retirement and savings vehicle for me.”

When analyzing self-directed account custodians, Ryan and his father researched a few options.

“We like Equity Trust’s fee structure: there’s not a cost associated with each transaction,” he says.

Ryan appreciates the customer service, especially as a beginner to self-directed investing.

“For my first deal in my IRA, I had some questions, such as what needs to be done and what needs to be signed,” he says. “I sent my questions in, they were answered quickly.”

On His Way

Ryan plans to complete many more self-directed investments in his Roth IRA – it’s just a matter of finding the right property, location and circumstances.

“I am always looking and trying to help people out with their housing needs while doing it in an IRA,” he says. “I think it is a somewhat creative and interesting vehicle and it can also pave the way for owning rental property in it one day as well.”

Discover more real-life self-directed investments: Download this free guide with 11 self-directed investing case studies.

Case studies are provided for illustrative purposes only. Past performance is not indicative of future results. Investing involves risk including possible loss of principal. Information included in the above case study was provided by the investor and included with permission. Equity Trust Company does not independently verify all information provided by third parties.

Equity Trust is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.


Have Questions?

Get answers to your questions and learn more about building wealth with tax advantaged accounts.

Contact Us