Lil Miller-Fox's individual retirement account has three bedrooms, two baths and a two-car garage.
Better yet, the rental house in a gated community in Sebastian, Fla., not far from the Atlantic, isn't run by an advisor that charges exorbitant monthly fees. Rather, Miller-Fox makes all the decisions, and she doesn't have to pay anyone to execute them.
Her IRA is called a "checkbook IRA," an investment vehicle created nearly 20 years ago in a landmark court ruling that essentially said: It's your money, so you can run the show — as long as you follow the rules.
Let's step back a moment: Not many people even know you can invest your retirement savings in real...