“In this world nothing can be said to be certain, except death and taxes.” ~ Benjamin Franklin “Diversification is not just about investing across asset allocation but also across tax-advantaged investments.” ~ Joel Bruckenstein Benjamin Franklin was able to summarize one of the biggest financial realties in a single quote, whereas Joel Bruckenstein emphasized over […]
If you are adding tax liens to your Solo 401k retirement plan, it is important to understand the benefits as well as setbacks of investing in them. After all, your retirement fund is at stake, so avoid unnecessary risks. Pros of Solo 401k tax lien investing High return on investment: You can expect to receive […]
“Don’t find customers for your products, find products for your customers.” ~ Seth Godin As a small business owner or self-employed professional, you already understand the importance of creating products that serve a specific need of your target audience. While this strategy is highly effective for any professional service or product, could the same be […]
No one ever said that starting a business and growing it to a sustainable level would be easy. Despite the key role small businesses play in job creation and our economy, credit available to small-business owners from the major banks has shrunk in recent years. At the same time, new sources of small business loans […]
“The most powerful force in the universe is… compound interest.” ~ Albert Einstein One of the brightest humans to live among us acknowledged the power of compound interest, and it is time for you to accept it too. Investing is not rocket science, and the key is to allow your investments to grow ‘undisturbed’ for […]
“Every battle is won before it is fought.” ~ Sun Tzu A well-devised strategy plays a crucial role in every aspect of life; let it be investments, business, or personal finance. A majority of self-employed individuals ignore retirement savings, as shown by a TD Ameritrade survey taking into account 15 million self-employed individuals in the […]
“A wealthy person is simply someone who has learned how to make money when they’re not working.” ~Robert Kiyosaki, Rich Dad Poor Dad The key to retiring rich is to ensure that your investment portfolio has enough passive income generating tools. In the first part of Real Estate Investing with Self Directed Retirement Plan, we […]
Retirement investing may not seem like the most exciting activity, but with self-directed Solo 401k and IRA real estate plan, plan owners can get more creative with their investment selections. One of my clients stands out when it comes to creative investments. His pick? Organic mango and neem tree farms. Regular IRA plans are managed by a custodian […]
“The loftier the building, the deeper must the foundation be laid.” ~ Thomas A Kempis One of the basic principles of construction is to lay a strong foundation for the building, ensuring its longevity over the next several decades. The same holds true for your financial life, you cannot amass riches without understanding the way […]
Individual 401k retirement plans target small business owners and self-employed individuals, offering them a wide variety of investment options along with flexible contributions. Along with their higher contribution limits, self employed retirements plans such as Solo 401k allow investments in real estate, precious metals, private financing, traditional investments, mortgage notes and a variety of investment […]