Self-Direct In Retirement Funds with Paul Thompson The video discusses self-directed IRA and HSA accounts, which allow investors to choose their own investments beyond public markets. While traditional custodians only allow investing in public markets, small boutique companies like Quest Trust Company or Millennium Equity Trust provide alternative investment options like syndications, promissory notes, and gas wells. These companies have fewer assets under management compared to big custodians like Vanguard or Schwab, but they offer access to a broader range of investment opportunities. @PaulDavidThompson Watch The Full Video Here: Want more information about value-add multifamily investment properties? Click here - LEARN from Vinney - #FinancialSuccess #AccreditedInvesting #LearnInvestEmpower...(read more)
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As retirement approaches, many individuals begin to worry about their future financial stability. The thought of a fixed income can be daunting, especially if you’re used to being in control of your finances. Paul Thompson, a financial advisor, offers a solution to this worry. Through self-direct retirement funds, individuals can take control of their financial future and potentially increase their returns. So, what is a self-direct retirement fund? In simple terms, it’s a retirement account in which the owner has complete control over the investments made. A self-direct fund allows individuals to invest in a much broader range of options, such as rental properties, private equity, and individual stocks. Traditional 401(k) plans and IRAs, on the other hand, limit individuals to a set number of mutual funds and stocks. According to Thompson, one of the primary benefits of self-direct retirement funds is the ability to diversify investments. “Diversification has been said to be the only free lunch in investing. By investing in a variety of options, you can spread out the risk and potentially increase returns,” he explains. Another benefit of self-direct retirement funds is the possibility of tax advantages. “By investing in assets that appreciate in value, individuals could potentially reap significant tax advantages. Rental income from a property, for example, can be deferred or offset by tax deductions,” says Thompson. It’s important to note that self-direct retirement funds do require time, skill, and effort on the individual’s part. It’s crucial to research and carefully consider each investment option before making any decisions. Thompson advises seeking the help of a financial advisor who specializes in self-direct funds to ensure the best possible outcome. In addition to self-direct retirement funds, Thompson emphasizes the importance of planning and saving for retirement early on. “The earlier you start planning, the better off you’ll be in the long run. Even small contributions made consistently over time can make a significant impact,” he advises. In conclusion, self-direct retirement funds offer individuals the opportunity to take control of their financial future by providing wider investment options and potential tax advantages. However, careful consideration and research are required before making any investment decisions. Thompson advises seeking the help of a financial advisor to ensure the best possible outcome. https://inflationprotection.org/paul-thompson-on-how-to-self-direct-your-retirement-funds/?feed_id=89622&_unique_id=6440fc7b506de #Inflation #Retirement #GoldIRA #Wealth #Investing #paulthompson #selfdirectedira #selfdirectedira101 #selfdirectediraforbeginners #selfdirectedirainvestmentsinrealestate #selfdirectedirarealestate #selfdirectediratobuyrealestate #selfdirectingyourretirementaccounts #SelfDirectInRetirementFunds #SelfDirectInRetirementFundswithPaulThompson #ThePowerofaSelfDirectedIRAforBuildingWealth #theulitmateselfdirectediraepisode #vinneychopra #SelfDirectedIRA #paulthompson #selfdirectedira #selfdirectedira101 #selfdirectediraforbeginners #selfdirectedirainvestmentsinrealestate #selfdirectedirarealestate #selfdirectediratobuyrealestate #selfdirectingyourretirementaccounts #SelfDirectInRetirementFunds #SelfDirectInRetirementFundswithPaulThompson #ThePowerofaSelfDirectedIRAforBuildingWealth #theulitmateselfdirectediraepisode #vinneychopra
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