America's Largest Social Network for Default Real Estate Professionals
“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine
If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option.
Solo 401(k) plans are qualified retirement plans for self-employed…Continue
Roth IRA is one of the well-known and oftentimes considered best IRA for self employed. If you are looking for reliable financial investment and retirement account, it is imperative to know more about this plan. Nowadays, you might find it more challenging to decide what retirement account to choose. There is a big difference as well as similarities…Continue
Added by Dmitriy Fomichenko on March 21, 2017 at 7:58am — No Comments
“The beauty of diversification is it's about as close as you can get to a free lunch in investing.” Barry Ritholtz
How do you feel about staking your entire future on the stock market? Risky, right! Who would do that? Surprisingly enough, a lot of investors are putting their money in the stock market directly or…Continue
Added by Dmitriy Fomichenko on January 11, 2017 at 8:32am — No Comments
Among the available retirement options, Solo 401(k) plans are worth considering, due to their relatively high contribution limits, flexible investments and the ability to make after-tax Roth contributions.
Here are some reasons self-employed business owners should consider Solo 401(k) plans.
Because the self-employed professional wears the dual…Continue
“Compound interest is the 8th wonder of the world… Those who understand it earn it… Those who don’t pay it.” ~ Albert Einstein
Thanks to the efforts put in by financial gurus, a lot of people are aware of the concept of compound interest. For those of you a little dubious about the same, here’s a quick definition:
‘Compound interest is interest calculated on the initial principal and also on the accumulated interest…Continue
Added by Dmitriy Fomichenko on November 29, 2016 at 7:40am — No Comments
When it comes to retirement savings, we all do wish for the same amount of investment freedom that we usually get with our other investments. Traditionally, most of the financial institutions offer limited investment options, starting with stocks and bonds to mutual funds and CDs only. The last recession taught…Continue
Added by Dmitriy Fomichenko on November 23, 2016 at 2:36am — No Comments
“It’s not how much money you make that makes you rich, it’s how you spend it.” —Charles Jaffe
With a little bit of research, you will find out that the…Continue
Added by Dmitriy Fomichenko on November 18, 2016 at 12:06pm — No Comments
If you're a player or sports fan, you understand the importance of 'extra' effort. When it comes to…Continue
Added by Dmitriy Fomichenko on November 9, 2016 at 4:22am — No Comments
You attended a seminar on passive income generation with mortgage notes, learning how to enjoy high returns while sitting on your couch, and you are ready for your first purchase. But, hold on. Is this how you make your investment decisions? There is no doubt about the efficacy of mortgage notes, but you must understand them before buying your first note.
In this post, we’ll look at the…Continue
The most prominent question that comes into your mind while choosing a retirement plan is “how much is enough.” George Foreman said, “The question isn’t at what age I want to retire, it’s at what income.” There isn’t any definitive figure that can help you survive through retirement and the best strategy is to build a fund that never ends.
For self-employed professionals and small business owners,…Continue
Added by Dmitriy Fomichenko on September 13, 2015 at 9:30am — No Comments
“Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.”
Real estate is one of the oldest and most trusted investment options. It offers decent returns and gives the owner a sense of satisfaction. Are you a small business owner? Investing for retirement is a wise decision and Solo 401k is one of the best available…Continue
Added by Dmitriy Fomichenko on August 13, 2015 at 9:00am — No Comments
“Be slow in choosing a friend,
Slower in changing.”
How does this quote relate to your retirement plan? Well, a retirement plan is the only thing that will get you through your golden years and you don’t want to put your these years in the hands of someone who wouldn’t care for your best interest.
Choosing a retirement plan is an important decision for self-employed and regular…Continue
Every small business owner requires a retirement strategy. Do you own a small business? Probably the idea of retirement planning isn’t as enticing as opening another store for your business. According to a survey conducted in 2014, nearly one-third of the small business owners didn’t want to retire whereas a quarter had no plans for retirement. More than one-third said that they would divide their retirement equally between work and leisure. Does that sound like your plans?
Added by Dmitriy Fomichenko on May 13, 2015 at 9:00am — No Comments
“Destiny is no matter of chance. It is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.”
William Jennings Bryan
Being a self-employed, every professional holds his destiny in his hands. Taking control of your life is the first step towards achieving success and retirement is an extremely important part of life. How do you achieve maximum benefits with your retirement…Continue
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
Franklin D. Roosevelt
Franklin D. Roosevelt was able to sum together the entire thought process of real estate investors and agents in a single sentence. Real estate business is back on its track after the last…Continue
Added by Dmitriy Fomichenko on March 20, 2015 at 9:00am — No Comments
Recently, surveys show that there is a growing demand for upscale rental apartments. This presents a potential opportunity for real estate investors all over the country. Plan holders of Solo 401k accounts can also capitalize on this latest real estate trend, as it is also…Continue
Added by Dmitriy Fomichenko on November 15, 2014 at 8:30am — No Comments
Americans seem to push back their retirement further and further, and sometimes not by choice. Especially for self employed small business owners and independent contractors, many dedicated all their wealth and effort to grow their business. At the end of the day, however, people…Continue
Added by Dmitriy Fomichenko on October 29, 2014 at 9:41pm — No Comments
Real estate investors are often drawn to this market by its earning potentials and security. Many investors have successfully built their wealth upon real estate, one property after another. But what about their retirement funds? Many investors assume that retirement funds can only be invested in stock and mutual funds, and they leave it all to their custodian to manage the portfolio. This, however,…Continue
Added by Dmitriy Fomichenko on September 10, 2014 at 9:31pm — No Comments