“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 […]
Solo 401k plans, also known as individual 401ks, are reserved for self employed business owners and professionals. The sponsoring business can be a sole proprietoship, a partnership, an LLC or a corporation. Individual 401k law allows most types of businesses to set up a Solo 401k plan, as long as there is no full time employee […]
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 […]
As the plan trustee of a Solo 401k, plan owners are required to follow certain Solo 401k contribution rules, such as the Solo 401k contribution limits, deadline, and other regulations. A Solo 401k plan owner is often a major owner of the business. Therefore, they are required to take minimum distributions after the age of […]
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 […]
When investing with a Real Estate 401 k plan, plan owners may need to obtain insurance for their properties. According to Solo 401k rules, plan owners need to keep all transactions at arm’s length. As a disqualified person, the plan owner is not allowed to pay for the Solo 401k investment expenses using personal funds. […]
In 2014, the U.S. topped the list of global real estate investment destinations, with net investments of $324 billion, having 16% year-over-year growth, as mentioned in Cushman & Wakefield’s annual report. It is a clear indicator of a stabilizing U.S. real estate market, offering an excellent investment opportunity for savvy investors. However, buying and maintaining […]
Discover proven strategies to transform your retirement account into a source of passive income
