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 …
“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 …
How Safe is Your Money? Fractional Reserve Banking and Other Threats Read More »
“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 …
Financial Flexibility: Saving Too Much in All the Wrong Places? Read More »
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 …
Gold and silver is a popular topic right now. Kim and Spencer share their insights and when it is the best time to buy. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and …
“An alien invasion comes to the United States threatening to take over the world. (Imagine screams, fear, and drama.)How does the U.S. government respond?It cuts interest rates!” That joke came to us via an email from Todd Tresidder. It’s funny, sadly, because it is TRUE! The pandemic revealed an ugly truth about our country: we …
Where can you keep your money where it will be safe!? That’s what many investors are asking themselves right now. They are looking for safe haven assets and weighing their choices. Today we will review options such as T-bills, bonds, gold, bank products, and our favorite safe haven asset! But first, let’s be clear about …
“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 …
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 …
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 …
5 Assets that Don’t Belong in Your Retirement Account Read More »