Philosophy 101 — No matter how much you love your broker, financial planner or banker it is a fact of life, NO ONE cares as MUCH as you do about your personal finances!
Most people would agree that the aforementioned statement is, in general, true. However, while nobody disagrees with the statement, it is amazing how so many people continue to take the decision-making process for THEIR retirement out of their hands and place it in the hands of others. These “others” may also be people who advise their clients to purchase investment assets that pays these “others” commissions or some other form of compensation. Does this means it is wrong or illegal…no. But why would you want to give up control of who and how your retirement funds are invested to someone who absolutely does not care as much about your money as they do their own?!
And, how many of you have been advised by these “others” that you “should not put all your eggs in one basket”….anyone ever hear that before. These experts preach diversification. But are the really preaching diversification with the “traditional” assets of stocks, bonds and mutual funds….where THEY receive their compensation?! Wouldn’t you agree (whether you want to invest in this manner or not) that TRUE diversification would include investing in the nearly 20 different asset classes available to invest in and NOT just stocks, bonds and mutual funds. Again, my guess is that you would agree to that as well.
So, why aren’t these “others” advising their clients to take greater control of their own retirement assets and do exactly this? Could it be that your financial partner doesn’t want to give up control of YOUR money. Could it be that they are concerned that if you did TRULY diversify, that they may not be paid the almighty commission? Could it be that they are not even aware that you are able to take personal control (in most cases) of your retirement assets?
If you answered YES to these three questions, congratuations, you passesd the test. Of the three, the first two are understandable (but maddening) and the third, is sad. Sad, because as your financial steward, these “others” should KNOW that you can self-direct your own retirement funds and THEY have chosen to either not inform you or learn what is available for YOU to choose.
If you’re one of those millions of Americans who has been told that you have to invest your hard-earned IRA or 401K funds into the traditional offerings of stocks, bonds and mutual funds then, quite frankly, you have been erronesously informed. In the vast majority of cases, it might even be argued that these “others” did what was in THEIR best interests, not YOURS.
But don’t get mad – get educated. You see, whether by design or ignorance, these individuals are only doing their job as to how they were trained in their business. They may very well not even know that it is permissible for retirement accounts to invest in assets such as real estate, businesses, hard money loans, etc….but you now know.
So, instead of sticking your head in the sand, consider an approach to investing that puts YOU in control. Consider an approach where YOU make all investments choices for your retirement plan….and, being able to invest in more than what your broker offered you. Welcome to PGI Agency and PGI SelfDirected and LEARN more about TRUE SELF-DIRECTED IRAs and 401Ks!
DID YOU KNOW YOU CAN INVEST IN REAL ESTATE WITH YOUR IRA or 401K?
Everyone wants to invest in real estate. We have all seen our IRAs and 401Ks drop as the stock market continues it’s roller-coaster ride. How many of us would invest our retirement funds in real estate if we could? The answer; a lot! But think of it another way…..if YOU could establish a retirement plan that offered you the ability to invest in any and all assets (i.e.,traditional, non-traditional assets) at one time from one account, why wouldn’t you consider this power. Think about it….no longer being told how you should diversify amongst mutual funds, etc. by your broker….no, we are talking about YOU diversifying your funds into ANY asset that is permitted under IRS regulations!
What if you could get bank financing on those real estate purchases? Then it’s even more likely that you would want to buy real estate with your IRA or 401K.
Now, you can tap into that $3 Trillion retirement market and see your retirement income and your investment capital soar. Would you like to take advantage of investments like rental properties, lease to purchase transactions, fix-up real estate, or even commercial property? You may even be able to have YOUR OWN IRA or 401K purchase your dream retirement home right now!
It is a little-known fact that if you structure your IRA or 401K correctly, you can have 100% control and checkbook access to your assets to make the investments that are important to you; including real estate.
TOO GOOD TO BE TRUE?
Sounds too good to be true? That’s only because these options aren’t well-known. The San Francisco Chronicle put it best when they said, “The reason you haven’t heard about them [these investment alternatives] is that there is little profit incentive for financial institutions, which primarily sell stocks and bonds to IRA accounts.” [Source: San Francisco Chronicle, January 6, 2003]
YOUR BANKER OR STOCK BROKER IS NOT TELLING YOU THE WHOLE STORY!
This is one of the little-known insider’s secrets that only a few of the Top Professionals across various financial professions have known for years. But it’s not enough to know this secret – the real impact comes from working with a qualified professional who establishes your IRA or 401K plan so that YOU can leverage these secrets to make money for you by rapidly growing your asset base. And that’s why PGI Agency can serve as a tremendous asset to you.
