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Do not overlook your retirement and assume your financial planner has your best interests at heart. You need to be educated and take control of your retirement. Over the next month, we will be going in depth about the differences inherent among common retirement terms. What types of retirement accounts are there? Employer Plans If … Continue reading “What Type of Retirement Plan Do You Have?”
Category: Saving money
How to Double Your Retirement Overnight
The following is a hypothetical model based off of an investors figures he figured on this actual property. Back in 2007, the average IRA that was transferred to a self-directed IRA was about $200,000. After the crash in 2007-2008. The average value of IRAs decreases to about half, thus putting the current value at $100,000. … Continue reading “How to Double Your Retirement Overnight”
The Basics of Mortgage Notes
To diversify their portfolio, investors sometimes need to think outside the box. This means considering alternative investments such as mortgage notes. Investing in mortgage notes allows investors to get involved in the real estate investing world without flipping houses or vetting tenants for rentals. When an investor uses their self-directed IRA to invest in a … Continue reading “The Basics of Mortgage Notes”
5 Reasons to Open a Health Savings Account
When planning for retirement, people often forget to include the cost of healthcare which can be a significant expense. Opening a Health Savings Account can help those planning for retirement also plan how to pay for their healthcare as well. Keep in mind there are certain qualifications for eligibility. Here are 5 reasons to open … Continue reading “5 Reasons to Open a Health Savings Account”
Investing in Raw Land
When investors with self-directed IRAs consider investing in real estate, they usually think of rental properties or homes they can flip instead of raw land. For many people it can be difficult to imagine the potential of vacant land and the healthy returns which may be available from this type of investment. While raw land … Continue reading “Investing in Raw Land”
Non-Traditional Assets
Some investors do not realize it is legal to purchase non-traditional assets using an IRA. In 1974, the Employee Retirement Income Security Act passed the responsibility of retirement savings from the employer to the employee. The next year, IRAs were created. Self-Directed Individual Retirement Accounts provide investors the ability to direct where retirement funds are … Continue reading “Non-Traditional Assets”
Gold Investments
Gold is not only a great way to diversify an investment portfolio, but has also been a reliable investment commodity for throughout history. Take a look at why many investors choose to include gold in their investment portfolio: History Over the decades, gold has generally been trusted as a wealth-preserving commodity holding its value during … Continue reading “Gold Investments”
Visualizing Retirement Goals
Visualization is a technique many people use to reach their goals. Whether it is visualizing their goal body when losing weight or athletes visualizing making the game-winning score. This same concept can also be helpful when saving for retirement. A recent study found people who visualize their future goals are more likely to achieve them … Continue reading “Visualizing Retirement Goals”
Five Threats to Retirement Savings
Saving for retirement does not always go as planned. Retirement savings are subject to threats, both direct and indirect. Some of these threats are just unfortunate circumstances, while others are deliberate actions trying to take advantage of the investor. Boomerang Children These are the children of the Boomer Generation that are still being supported by … Continue reading “Five Threats to Retirement Savings”
The Balancing Act
Many younger workers have the task of balancing debt reduction with retirement savings. Often the debt they have accrued is related to student loans and credit cards. Many of these workers believe they need to pay off their debt before they begin actively saving for retirement. However, to be able to save a sufficient amount … Continue reading “The Balancing Act”
