One of the biggest challenges of finding a mortgage lender and buying real estate is saving enough money for the down payment. In some cases, you might find it beneficial to use your self-directed 401(k) to complete the purchase. Like any financing option, buying a property with your 401(k) comes with various pros and cons. In this […]
Health savings accounts allow people on high-deductible health plans to easily cover out-of-pocket medical costs. An HSA is a federally insured savings account offered by institutions such as banks, credit unions and financial benefits companies. Contributions to your health savings account are tax-free, and you can also make tax-free withdrawals and payments for your eligible medical expenses. Additionally, an HSA […]
Precious metals are just as valuable as assets today as they were in ancient civilizations, which is why they are still a wise investment choice. There are good reasons precious metals attract investors to diversify their portfolios, even when the economy goes through turbulent times. Precious metals’ value stays consistent, even against inflation and currency […]
Many investors have sought alternatives to non-traditional investments to take control of their retirement. Self-directed IRAs offer investors an alternative to traditional investments, allowing them to choose from more asset categories. There are two options for self-directed IRAs — standard self-directed IRAs and self-directed IRA LLCs with checkbook control. With both these accounts, you have […]
Most conventional IRAs consist of traditional investment options such as stocks, mutual funds and bonds. The beauty of a self-directed IRA is that you can explore lesser-known choices like mineral rights, offshore real estate and structured settlements. The range of self-directed IRA investment options allows you to diversify your portfolio in a way that matches your financial goals. You […]
An employee stock ownership plan, otherwise known as ESOP, is much like an employer-provided retirement plan to encourage employees to buy shares of corporate stock and reap the rewards of their role in the company’s success. Generally, you can only buy stocks after being with your employer for a specific period. So what happens to your […]
In the ever-evolving finance landscape, the emergence of cryptocurrencies has ushered in a new era of investment opportunities. One such avenue that has gained significant attention is the concept of a Crypto Individual Retirement Account (IRA). Investors can now use blockchain technology to secure their financial future and explore digital assets, combining standard investment strategies […]
Airbnb property investments are popular because there are many ways to invest and make the properties unique. Whether you’re renting out your personal home or using your retirement account to invest in a new property, Airbnb rentals have the potential to generate consistent income. So, how do you invest in Airbnb property? Learn more about […]
A self-directed IRA is an alternative way to save for your retirement. With this account, you have additional investment assets to choose from, allowing you to diversify. While self-directed IRAs offer more possibilities, they also require you to take the initiative and do your due diligence. Understanding the fees for a self-directed IRA can be […]
If you are self-employed, you may be wondering how you can plan for retirement. Since you don’t have an employer’s support, you’ll want to explore alternative options that may be available to you. This article covers what makes a retirement plan good for a self-employed individual and some plans that may be ideal for you. […]
When it comes to saving for retirement, individuals have a range of options to choose from. Among the popular choices are self-directed individual retirement accounts (IRAs) and employer-sponsored 401(k) plans. Each of these retirement plans can benefit your retirement savings strategy. When you understand the differences between these plans, you can make more informed decisions […]
Gold, with its enduring beauty, rarity, and intrinsic value, has captivated humanity throughout the ages. It has served as a form of currency, symbolizing wealth and power, while also acting as a reliable store of value. Gold has always held an allure due to its stability and reputation as a safe investment, even during uncertain […]
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