4 Ways to Save for Retirement Without a 401(k), IRA or Roth

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3. Real Estate Investment

Real Estate investments are a great way to fund your retirement, and there is more than one way to do it. You can earn new streams of income, while the property’s mortgage pays for itself. To get access to REITs, investors can buy into a fund without the need of an IRA or 401(k) plans. If you access REITs through a mutual fund, you can gain global diversification in a cost-effective way without taking on too much risk.

A second way to invest in real estate is to buy a house outright. You can then use it to generate income during your retirement. For example, upon retirement you could rent out your home and live from the rental payments in a country with lower living costs than the U.S. But, it can be a challenge to find quality tenants who want to stay in the same property for a long period of time.

4. Small Business Investment

The final option for those who don’t have access to or want a 401(k) or IRA is to invest in a small business. This option doesn’t mean that you will become a business owner. You can be a silent partner while still investing your money by buying up equity.

The profits you can make from investing in a small business are not capped. So, your earnings have the potential to be much higher than any of the previous investment vehicles on this list. But, naturally, that comes with a higher level of risk. It’s impossible to know if the business you invest in will make it to the big leagues. Or how long it will take to start seeing a return.

Before making any kind of investment, it’s important to speak with a trusted financial advisor. You need to make the right choice for your retirement fund.