YOUR RETIREMENT

Build your nest egg and create the retirement of your dreams.  Learn how to generate Tax-Free & Tax Deferred Wealth for your Retirement using your 401k and IRA!

Contributing the maximum amount to your 401k or other employer sponsored retirement program is the single most important step to your retirement. Many employers offer matching contributions up to 6% of the employee’s wages which is essentially free and tax deferred money. Why would anyone pass up free money? Many 401k plans allow for borrowing provisions as well as roll-overs to IRA accounts and you should contact your plan administrator as to your plans rules and availabilities. Although this is a very important step for your financial future, it is not the only step you need to take. Even if you max out your 401k each year (currently in 2008 the limit is $15,500), it most likely will not be enough to retire on even after taking into consideration your social security benefits.

Therefore, step two is to contribute to an IRA. Choosing which IRA (Traditional, Roth, SEP, Self-Directed, etc.) depends on your current & future financial situations, and you should always consult with an experienced and knowledgeable CPA or tax attorney. For 2008, the maximum contribution to a Traditional or Roth IRA is $5,000 and a maximum of $45,000 (or 25% of your income, whichever is less) to a SEP IRA. There are “catch-up” contributions for those who are 50 years and older for IRA accounts as well as 401k plans. Many working Americans are not aware of the fact that their IRA investments are not limited to stocks, bonds, and mutual funds. You may also invest in real estate or make loans secured by real estate by utilizing a Self-Directed IRA.

To contact Guidant Financial, the company we recommend to help you set up and run your self-directed IRA and get checkbook access, click HERE.

(If you are interested in earning 10% - 12% interest on you money by making loans secured by real estate, we can also help with that. Contact us by filling out the form below)  

There are numerous financial planners and investment advisors to choose from and it is very important that you know what questions to ask, what their history is, and how they get paid. Did you know that financial advisors and brokers do not have a fiduciary responsibility to their clients? This means that they are not legally obligated to place their client’s interests ahead of their own. As such, many of them “push” products and services that pay them a higher commission rather than give the client a better return or outcome. This is not to say that all financial advisors act in this manner, but to alert you to the potential hazards and pitfalls.

Step three is having the knowledge to maximize the earning potential of each retirement account. Having Nationwide Property Investments, LLC on your team is pertinent to your success towards your retirement goals. We will show you legal and ethical strategies used by many, including the wealthy, to maximize your returns, minimize your risks, and limit your taxes. For a FREE evaluation and consultation, please fill out the form below!