How 401K’s and Most IRA’s Limit Investment Options
The vast majority of Qualified Plans (which would include 401(k)’s, 403(b)’s, as well as self directed IRA’s (whether they’re Traditional IRA, Rollover IRA, SEP IRA, or any other) have very limited investment options. Which means you’re not able to invest in the things that you might like to invest in. If the best investment for […]
Disadvantages of Government Retirement Plans (401k’s, IRA’s, etc.)
“Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? 29For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, 30saying, ‘This fellow began to build […]
Retirement Plan Benefits (401k’s, IRA’s, etc.)
There are three major advantages of typical retirement plans. We went over many of the different types of these yesterday and they basically all work the same. The possible advantages that they give you are the following: Deferred Income Tax Your Contributions through an Employer sponsored plan might be matched Government mandated & penalized discipline […]
Retirement Plans
Qualified Retirement Plans (QP’s) are the most common form of Savings in America. They’re the one thing that it seems like most people do. So since most people are involved in them, they must be great, right? Aside from the fact that they don’t seem to be working for most people, many of our clients […]