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Forgetting to invest in our example, resulted in an almost $2 MILLION dollar mistake. Don’t let this be you. Stop what you’re doing and make sure the money in your investment accounts is actually invested! The mistake of contributing to your IRA but then not actually investing the money is FAR too common. And there is no worse place to do it than in a retirement account since that account is usually for long term wealth building. In our example, we are assuming Tom and Tory contribute $7,000 into their Roth IRAs since that is the new max contribution for 2024. They invest in an index fund that tracks the S&P 500, which has had a 10% annual growth rate over the last 100 years, including dividends. So, make sure you are investing your retirement savings. If you don’t have the money, invest a very small amount. Getting started can be the hardest part. There will always be reasons to delay getting started. But, starting now instead of later can make a huge difference. As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

This article covers 50+ alternative investments that can protect your retirement and investment portfolio against market volatility. These assets and more are permissible in self-directed IRAs, providing diversity and the opportunity to build critical income for your golden years. Read it today: https://lnkd.in/etXqmxwd #AlternativeInvestments #SDIRA  

Came across this article which highlights how a Self-Directed IRA can be used to transform your financial future. Below are some good reasons why you should consider it: 1. It diversifies your retirement portfolio beyond traditional stocks and bonds, potentially reducing risk. 2. It can facilitate the purchase of real estate (among other investment vehicles) which can provide steady income through rental payments, thus offering a reliable source of passive income during retirement. 3. It gives you control over your investment decisions, allowing you to leverage your knowledge and expertise in real estate to maximize returns within the confines of IRS regulations. https://lnkd.in/e5KEeeSU

Investing in property through your Self-Managed Super Fund can be a powerful way to build wealth for retirement, but it's not without its complexities. Before diving in, you need to understand the rules, risks, and potential rewards. - SMSFs can borrow to invest in property, but strict regulations apply - All SMSF investments must be for the sole purpose of providing retirement benefits - Rental income and capital gains from SMSF properties are taxed at concessional rates - Tax minimisation techniques can be utilised in SMSF funds SMSF property investment can boost your retirement savings, but it requires careful consideration and expert guidance. Wondering how this applies to your specific situation? Let's talk it through - book your free consultation at https://lnkd.in/gsgwbf85 #SMSFInvesting #PropertyInvestment #RetirementPlanning

EMBARKING ON YOUR RETIREMENT SAVINGS JOURNEY...??? Day - 53 Open your Free NJ E WEALTH Account. http://p.njw.bz/22342 OR Call/Whatsapp https://wa.me/917000441961 Now anyone can have their SIP with as low as Rs 500 per month. Forget the paperwork... Open a Mutual Funds account with us today... Absolutely free of cost for lifetime... Invest from anywhere, anytime, hassle free... Click on above mentioned link and get opened your account today. . . . . Disclaimer : This is NOT an Investment Advice. Please refer to your Investment Advisor before taking any investment decision. These videos/images/posts have been shared for the purpose of spreading awareness. #financialadvisor #investinyourfuture  #financialplanning #mutualfund #longterminvesting #financiallyindependent #financialfreedom #financialeducation #sip #njwealth #saviwealth #Stayinvested

An in-kind distribution is an often overlooked yet simple process that could save taxes while maintaining investment allocation. They allow you to withdraw specific investments rather than cash. Whether you want to satisfy the required minimum distributions from a retirement or inherited IRA account, implement the net unrealized appreciation strategy, or continue to hold a specific investment, you can implement in-kind distributions to your advantage. https://lnkd.in/eqCKnEMc

If you're a Special Risk participant, you might be considering the Investment Plan. But are you aware of the mistakes that could derail your retirement? Watch this video to learn about four of the costly mistakes we see participants make and how you can avoid them. https://lnkd.in/epMHG5ad

Are self-directed RRSPs a good option for your retirement savings? They offer more control and investment choices. Learn the pros and cons to decide if it's right for you. #RetireHappy #RRSP #InvestingTips

Risk of Ruin…Lifestyle & Default Investment Pension Strategies. For the past 7 years, I have been making the case for avoiding Lifestyling for most investors (those that can handle volatility). And it’s been a lonely place! While I had nothing but positive feedback from investors regarding these pieces – there was been little if any coverage of it from anyone else. Was I mad, or missing something? It appears not. https://lnkd.in/gtuBCeyC #business #investment #retirement #financialplanning #businessowners #financialadvisor

Investment is known to have risk, but as an investor, you face another, lesser-known risk for which the market does not compensate you, nor can it be easily reduced through diversification. Yet, it may be the biggest challenge to the sustainability of your retirement income. https://bit.ly/2PbiNIT #LegendBuffalo #FinancialAdvisor #FinancialServices