Did you know that, in most circumstances, you can roll over an
existing retirement account, like a 401k or IRA, in part, or in full,
to invest in “non-traditional” options, including businesses and
real estate? You can open up a self-directing IRA (SDIRA) or a Solo
401k (SoloK), to get started.Why should you self direct your
retirement plan, if possible? Most companies have investment products
(mutual funds, stocks/bonds, etc), which are products that their
company has to offer, and your retriment account buys. But, if you
focus only in one area, you can risk your 401k becoming a 201k. US
News story
[https://money.usnews.com/money/blogs/planning-to-retire/2008/10/08/retirement-savers-lost-2-trillion-in-the-stock-market] estimates
$2 Trillion were lost in retirement plans, that were just investing in
stocks. Can you afford the risk of your retirement account being cut
so drastically, due to the stock market volitity? Or do you want more
control of your retirment?
If you're self-employed, even if it's part time, you can open a SoloK,
to increase your investment options, and work on reducing your tax
burden. With the SoloK, you can contribute both from the "employer
side," AND the "employee side." If you're not self-employed, you can
still enjoy the benefits of a SDIRA.
If you're not wanting to put the money into a retirement account,
there are options to invest, now.
Event is open to the public. Come and learn about investing, where you
can make, on average, 10-20% returns, to start (exact amounts vary).
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22/08/2018 Last update