The best 401k plans for small business lets you avoid the risks as self directed features allow you to take control of your retirement account.
As the country continue to strengthen and recover from the effect of the financial crisis, more and more self employed individuals are going for the best 401k plans for small business as one of their major means of income when they reach retirement age. The peak of the great recession and its aftermath has caused fear to most Americans as to whether they can retire comfortably or not. In fact until now (2014), retirement has been constantly the greatest financial worry of majority of Americans.
Survey shows that there is a rise in the number of Americans who believe that they can retire comfortably—most of them are from the group of younger and middle aged Americans. Self employed people are part of those who are confident about their retirement as 401k for small business retirement plans are performing well for the past years after the recession. The confidence towards a comfortable retirement is brought by the positive outlook of investors as they are more likely encouraged to put more amounts in their self directed IRAs or 401ks given that investment gains are doing well.
More investors are choosing investment options that would not risk their initial investments, and for retirement investors, these are the contributions they made on the account. Apparently, tangible assets with low risk like real estate and gold which are non-traditional investments top the list of the best long term investment options for most Americans.
The best individual 401k plans like the self directed Solo 401k gives you access to this kind of investment vehicles.
The first reason why you are setting up a retirement plan is for you to save money when you decide to quit or pass on your business to your heirs as you reach a certain age. Losing money from your retirement savings because of the risk involving traditional investment options could hurt you emotionally and financially. The best 401k plans for small business could let you avoid that risk and allows you to take control of your account. Knowing where your money goes and how the investment works are some of the things that allow you to know that come retirement age, a comfortable life awaits.
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