Alternatives To Cash

Saving money businessman

10 Money Mistakes Entrepreneurs Make

The Pitfalls Along the Path to Wealth Self-employed, entrepreneurial thinker, real estate investor, or small business owner… you’ve taken the road less traveled. You are freedom-oriented and independent. You are seizing the opportunity to pave your own path and create your own cash. I understand. After a job in banking and several years working for a typical …

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Dollar Loc

How Safe is Your Money? Fractional Reserve Banking and Other Threats

“You’re thinking of this place all wrong… as if I had the money back in a safe. The money’s not here. Your money’s in Joe’s house…right next to yours. And in the Kennedy house, and Mrs. Macklin’s house, and a hundred others. Why, you’re lending them the money to build, and then, they’re going to …

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saving too much

Financial Flexibility: Saving Too Much in All the Wrong Places?

“30% of workers dipped into retirement funds during 2020.”  (Forbes, Janurary 6, 2021) Since the 2008 Financial Crisis, more people have been raiding their 401(k)s than ever before, but not for retirement. In 2013, the Los Angeles Times reported on a HelloWallet study showing that one in four Americans were borrowing from retirement accounts to …

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Sdira

The Self-Directed IRA: Pros, Cons and FAQs

During his presidential run, Mitt Romney came under scrutiny when it came to light that he had acquired something of a fortune in his self-directed IRA. According to Forbes.com, Romney’s IRA was worth between $20.7 and $101.6 million. How did he acquire such wealth in a qualified plan environment? The answer lies in the descriptor …

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cash on demand

Cash on Demand: The Power of Liquidity!

“Success is where preparation and opportunity meet.” – Bobby Unser, Indianapolis 500 Champion Once upon a time. we saved in coffee cans and mattresses. Money was liquid and readily available! Then, we saved in bank accounts and CDs. Now, with the popularity of 401(k)s and IRAs, it has become normal to lock up your dollars …

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Bye-bye Stretch IRA: Uncle Sam Wants his Cut!

How the SECURE Act Impacts Inherited IRAs Last week, we published an article summarizing many of the changes the SECURE Act brings to retirement plans. These include new rules regarding retirement plan contributions, distributions, the availability of annuities within plans, maximum contributions for automatic enrollment plans, employer incentives to participate, and more. This week, we …

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5 Assets that Don’t Belong in Your Retirement Account

Are all investments equally suitable for your retirement plan? Do some retirement account assets work better than others… and if so, why? You can put almost anything into some type of retirement account—from a mutual fund to an alpaca farm! Awhile back, we wrote an article about some of the BEST investments to put in …

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