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Federal law requires a qualified retirement account, such as an IRAs or 401(k), to be administered by a custodian to ensure certain basic rules are observed. The term "self-directed" arises from the fact that some custodians limit the types of investments they will allow in your retirement account, well beyond the restrictions imposed by the law. For those seeking the most latitude and control over their retirement investments, nothing beats a self-directed account.
Since the earliest of times, as workers were required to pay taxes, there was the realization among those who understood saving for the future that…it’s not what you make, it’s what you keep that matters. They learned that it’s out of their after-tax savings that they could support their families, earn a better lifestyle and help the people they cared most about. This approach holds true today, of course, and will as long as there are taxes to be paid.
Leaders break norms. Forge new paths. Open doors of possibilities.
Leaders have vision. Vision they ACT on.
A growing number of leaders are infusing life into their retirement plans. They are self-directing their IRAs.
If you are like the vast majority of the Retirement Loft members you’ve socked as much money as you can into your IRA or 401k plans over the years. That’s the good news!
The not so good news is that unless your retirement savings are in a Roth IRA, there will be hefty taxes to pay as you begin to withdraw money from your retirement plan each year. Depending on your State and Federal tax rates, upwards to 40% of the money in your retirement plan isn’t really your money...you’re just holding it for the Tax Man.
To many average investors, Bitcoin is about as mysterious as the Loch Ness monster. The Bitcoin technology was developed by an individual or group of individuals going by the name of “Satoshi Nakamoto” and first presented in white paper form for peer review in 2008. Bitcoin was introduced publicly in 2009 as an online currency through peer-to-peer transactions designed to revolutionize the way people conduct monetary transactions worldwide.