If you're still young or in the early stages of your career, you may not be thinking about retirement yet. One day, if you are lucky and save money regularly, you will be wealthy. A retirement plan is an important way to financially prepare for your later years. It is wise to start planning early in life, or as soon as possible if you have not done so already. You can save for retirement by … [Read more...]
401(k) vs. Gold IRA
There is no one-size-fits-all answer when it comes to saving for retirement and investing your savings, as there are many different plans and options to choose from. Many people choose to have a 401(k) as their retirement account because it is a tax-deferred account. Instead of a 401(k), some people opt for an individual retirement account (IRA). Although 401(k) plans are typically … [Read more...]
Self-Directed IRA Real Estate Investing Strategies
An SDIRA provides more options for real estate investment than you could ever imagine, and real estate investors are very creative when it comes to taking advantage of tax benefits. The growth of these investments in Individual Retirement Accounts (IRAs) is either tax-free or tax-deferred, depending on the IRA (Traditional IRA or Roth IRA). There are many different ways that these methods can … [Read more...]
Best Ways to Start a Business with Retirement Funds
One of the biggest challenges for starting a new business is finding the money needed for expenses before you have a regular income coming in. It can be difficult to ask friends and family for money to invest in a new business. If you're a new entrepreneur, you may not know that you can use retirement accounts as a funding source for your business. This can be a great way to get the money you need … [Read more...]