Real estate IRAs are popular with people who want diversity and leverage against potential losses in the stock market. You can choose your own assets including commercial and residential property, raw land, as well as tax liens and deeds.
SIMPLE and SEP IRAs, as well as solo 401(k)s, are great retirement plans for small business owners and self-employed individuals to capture tax-advantaged retirement savings for themselves and employees. These plans can be self-directed, allowing account owners to make their own investment choices and use alternative assets … Read More
You don’t have to work for a big company to have a 401(k). Small business owners and self-employed individuals can open and contribute to an individual 401(k) and enjoy the same retirement-saving benefits that the traditional corporate plan offers. A self-directed solo 401(k) has the same features … Read More
Last week we blogged about how hard it is for many Americans to save for retirement. The struggle is real, and we aren’t the only ones talking about it. In fact, by many reports, it’s only getting worse. Here’s why.
One of the main reasons retirement planning is … Read More
Also known as an individual(k) or solo 401(k) plan, this retirement account is designed for small businesses where the only employees are the business owners and/or their spouses. Examples for qualifying businesses could be sole proprietorships, partnerships, LLCs, and corporations, so long as you do not have … Read More
Small business owners are able to take advantage of a very beneficial retirement savings account commonly called an individual(k). These are profit sharing plans with a 401(k) option, but involve more relaxed compliance rules and minimal cost compared to a traditional 401(k). There are also Roth options … Read More