Introduction: Saving for retirement is a crucial aspect of financial planning, and traditional retirement accounts such as 401(k) and Traditional IRA have been popular choices.
Self - Directed accounts allow investors to take control of their retirement and not depend on government schemes like social security or depend on kids for old age or the ups and downs of stock markets or if your wishing corporate jobs will take care of your old age - keep dreaming.Ā
Famous example is of a venture capitalist who turned $2000 to $5 Billion and paid zero taxes in ROTH account. Article link below in the resources section.Ā
However, many individuals are now exploring the option of self-directed retirement accounts to diversify their investment portfolio. In this article, we will delve into the process of converting past employment retirement funds into a self-directed IRA and a solo 401(k) to explore investment o...
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