“Know what you own, and know why you own it.” ~ Peter Lynch Planning for retirement isn’t exactly a topic urging many to think. While some experts may question the retirement crisis, the average American is worried about his retirement. According to a recent report from the National Institute on Retirement Security, at least 76% […]
If you don’t have a strong legal or financial understanding, it could be a challenge to establish a Solo 401k plan. Our team has put together a small infographics to help you get started. Infographic: How to establish a Solo 401k plan Plan Documents The first part of the process involves the creation of your […]
Financial planning is an important aspect of real estate investing, and most of the realtors pay special attention to it. However, when it comes to retirement planning, we often prioritize other financial responsibilities instead. It’s critical to understand that you’ll need at least 80% of your current income to maintain your current standard of life […]
Ask any financial expert, dipping into your retirement savings is the last piece of advice you could expect. However, some circumstances require urgent attention and your retirement savings can offer the much needed financial cushion. If you’re an owner-only business or self-employed professional with a Solo 401k plan, the IRS allows you to borrow from […]
How do you picture your retirement? Plenty of people are afraid of running out of retirement money later in their lives. Whether you have started saving early or late in life, it is possible to retire comfortably with a proper planning. Our team has put together a short Infographic covering retirement tips to help you […]
What do you fear most for your retirement? A 2015 Bankrate.com survey highlighted running out of money in retirement as the biggest fear of 23% of the Americans. While you may or may not share their fear, it is important to adjust your retirement planning as you age. Our team has put together a small […]
If you’re a self-employed professional or owner-only business, the word ‘Solo 401k’ should resonate with retirement savings. In this post, we’ll find out more about a self-directed Solo k plan and how you can open one. What is a self-directed Solo 401 k plan? What is it: A qualified retirement plan targeted at owner-only businesses and […]
“Compound interest is the 8th wonder of the world… Those who understand it earn it… Those who don’t pay it.” ~ Albert Einstein Thanks to the efforts put in by financial gurus, a lot of people are aware of the concept of compound interest. For those of you a little dubious about the same, here’s […]
When it comes to retirement savings, we all do wish for the same amount of investment freedom that we usually get with our other investments. Traditionally, most of the financial institutions offer limited investment options, starting with stocks and bonds to mutual funds and CDs only. The last recession taught us one thing for sure […]
Real estate is one of the most tried and tested recipes of generating sustainable wealth. What is even better is the tax shelter it offers, especially for high-income individuals. Working with real estate investors as our primary clientele, we hear some terrific investment strategies. One of our clients, Bill, bought an organic Mango farm in […]