Preliminary study for the year 2012 conducted by Sense Financial among its clients reveals that Solo 401k Real Estate Investments are popular choice for many people who want to grow their retirement accounts.
America needs to take a whole new look at how they save and prepare for retirement. One of the biggest fears of people approaching retirement age is that they will outlive their money, 401k and become a financial burden on their children. Those people who were born in 1960 or later, will have to wait until age 67 to collect full Social Security benefits.
Large percentage of Americans are facing a decline in their standard of living when they retire. In order to have enough money to preserve the same standard of living they enjoyed prior to retirement, people may have to postpone their planned retirement date. They may have to work into their late 60’s or maybe until they are 70 years old.
Today, people are living longer than ever before. It is not unusual to see a very active 80 year old or even someone living well into their 90′s. With the strong possibility that many people may live another decade or two after retiring, it is extremely important to take control of individual retirement account today. People cannot afford to rely on the government, family or the generosity of strangers to support them once they stop working.
Solo 401k Real Estate Investments
Many people are seeing self directed retirement accounts as the answer to their dilemma. A Self Directed retirement accounts, such as a Solo 401K or Checkbook IRA, allow people to have full control over their retirement account. It gives the flexibility to use client’s retirement funds to purchase income-producing real estate, invest in mortgage notes and choose other non-traditional investments. A Solo 401k or Checkbook IRA allows people to take full advantage of the outstanding investment opportunities in today’s real estate market.
Instead of just hoping that everything will turn out okay, people should be proactive. They should take the positive step and begin learning how they can be in control of their retirement accounts and ultimately of their financial future.