Posts Tagged "retirement plan"

Beneficiary Mistakes — Self-Directed 401(k) or IRA (Part 2)

In the previous post, we introduced three potential beneficiary designation mistakes.  In this post, we will point out a few more. Don’t Name Your Kid! This is not meant as harsh as it sounds.  As with other considerations, this relates to the issue of age.  There are WAAAAY too many people who identify their minor children as either a primary…read more →

Self-Administered 401k Plans — It’s More than Having Control

We all get it…there are a lot of benefits to being the Trustee of your own 401k plan.  The ability to control your own 401k plan and invest the funds of that plan into assets that you believe are in the best interests of the plan. That freedom to invest in a world that can certainly include stocks, bonds and mutual funds,…read more →

Self-Directed IRA Contribution Limits — Who Stinking Cares?!

Well, actually, all of us should. So, why do I have such a strong commentary on the subject matter of IRA contribution limits…whether it be an IRA, Roth IRA or SIMPLE IRA? It is because in comparison to a 401K plan, the IRA just doesn’t hold up with any aggressive planning you may have to increase the value of your…read more →

Self-Directed IRAs — The Proverbial Dog?! (Part 4)

This is Part 4 of our “Home Alone” tribute and your “woof woof” IRA.  You may remember from the three posts that we outlined that while an IRA is never a bad thing, compared to a 401K it is like dog food….thus, woof woof. That being said, what is a fourth reason of why the 401K is a clearly more preferred retirement plan…read more →

My 401K, Self-Directed IRA — And, Social Security?

As all of you know, the posts on this site are, primarily in reference to self-directed IRA and 401K plans and the use of these vehicles to benefit your retirement plan and retirement savings.  Whether we are speaking of Traditional IRAs, Roth IRAs, SIMPLE IRAs, SEPs or 401K and other qualified plans, the conversation is all self-directed. But, with your…read more →

Self-Directed IRAs — The Proverbial Dog?! (Part 3)

This is Part 3 of our “Home Alone” tribute and your “w00f woof” IRA or self-directed IRA.  You may remember from the first two posts that we outlined that while an IRA is never a bad thing, compared to a 401K it is like dog food….thus, woof woof.  And, similarly, the self-directed 401K clearly outpaces the self-directed IRA. That being said, what…read more →

What is a Self-Directed IRA – The Proverbial Dog?! (Part 2)

This is Part 2 of our “Home Alone” tribute and your “w00f woof” IRA.  You may remember from the first post that we outlined that while an IRA is never a bad thing, compared to a 401K it is like dog food….thus, woof woof. That being said, what is a second reason of why the 401K is a clearly more…read more →