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401k's and IRA's - Control Your Destiny

By
Industry Observer

Disclaimer: I'm not a certified financial planner or stock broker just someone who has been educated by millionaires.

Are you in control of your own financial destiny or do you place it in the hands of someone else? Think about this before you read on.

Did you know you can self-direct a 401k and IRA? Did you know you can borrow from a traditional 401k and IRA if there is a borrowing provision and make money on it? You can borrow from your own 401k that has a borrowing provision but you cannot borrow from your own IRA or someone that is of lineage descent. However you can borrow from someone else's IRA such as a friend, co-worker, Uncle, etc. Our leaders can direct you in the right path. Start taking control of your own financial well being.

Did you know you can self-direct yours or someone else's retirement account(s) into real estate tax free? Wealthy people do this, why not you? If you do not have a retirement account you can borrow from someone else and our leaders can show you how. How about maximizing the 60 day rollover? This is a favorite of one of our leaders.

Do you know how to use your retirement plan to loan money and increase your retirement account(s)? Do you know how to utilize this strategy, become the bank, and grow your money in your specific account(s) instead of consistently losing it in the hands of someone else? How does it feel to keep losing your money while it is in the control of a third party?

You can set-up self directed retirement plans and invest in anything you want allowed by law including investing in real estate tax free. Financial planners do not want you to know this information because it does not benefit them. They receive no commissions on a self directed plan and they do not want you to take money out of circulation in their accounts. Stop throwing away your money and start investing it wisely.

There are different ways to grow your retirement plan(s) by investing or loaning money from these retirement account(s). It works. It is done all the time. Are you ready to take back control of your financial life and stop throwing away your money to a third party who does not care whether or not you win or lose?

Thank you for reading this! Very powerful and there is a lot more where this came from.

Happy Investing!

Tony

Posted by

Tony Toto

The Walking Traveler - Bringing Travel Destinations To Life

- People

- Events

- Wanderlust

Skype - tony23732

 

 

Comments(5)

Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Great start on ActiveRain! Welcome and thanks for sharing your thoughts and ideas.

Nov 17, 2008 09:10 PM
Goodbye Active Rain
Out of Real Estate

Thank you!  I appreciate it.

Nov 18, 2008 06:00 AM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hello and welcome to Active Rain! I encourage you to learn from others, share your knowledge and experiences with all of us, enjoy yourself, and try to log in and join us in the Active Rain community as frequently as possible. I look forward to your future blogs and comments! Take care, --Kirk.

Nov 18, 2008 06:13 AM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Nov 18, 2008 06:18 AM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

Welcome to Active Rain! This is a great website for building your business, as well as learning from others.  Pat yourself on the back, because you made a GREAT choice in joining the blogosphere!

Write often, and write whatever comes to mind.  Blogs about personal topics and non-real estate items are often the best.  It helps your readers to bond with you, and ends up bringing you a lot of business!

Good luck with your future blogging.  If you'd like more info on points in Active Rain, I wrote a blog about it (click here). Feel free to ask me any questions if you need a hand!

Nov 18, 2008 01:55 PM