Individual 401 k Plan and Essential Things Successful People Do
Individual 401 k plan holders understand that success requires a lot of hard work. But it’s not just working hard; it’s working smart.
Want to work smart? Here are some pointers.
Learn about the Individual 401 k plan
Surprised? Working smart means knowing how to maximize opportunities. And the Individual 401 k is a tool for maximizing your retirement funds.
With its high contribution limits, the Individual 401 k gives you the opportunity to save your earnings, lowering your taxable income. And its checkbook control gives you the opportunity to invest those savings in a wide range of investments. Your savings can do the hard work of earning and can do so at a faster rate with diversified investments. Invest your retirement funds in the categories you know best, like real estate and lending.
Don’t leave your future to chance. The Individual 401 k puts you in control of your retirement.
Live with integrity
Integrity is the practice of living consistently with a code of ethics. What is yours? Identify what you will and will not do before you start.
This will help you to make decisions and focus your efforts on what really matters to you.
Lean into time efficiency
Time efficiency understands that time is valuable and must be stewarded well. Know what wastes your time or distracts you. Use time as a tool. In investing, time can work to your advantage. By investing early and giving investments time, you can grow your retirement savings.
Sense Financial educates individuals on retirement plans like the Individual 401 k plan. We specialize in self-directed retirement accounts with checkbook control. Our clients earn their success through working and investing intelligently.