How Do I Invest Thee? Let Me Count the Ways!

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Topics: IRA/Roth


  Many people find it very easy to see the benefits of self-directing their Roth and Traditional IRAs, SEP IRAs, SIMPLE IRAs, Individual 401(k)s, Coverdell Education Savings Accounts (ESAs) and Health Savings Accounts (HSAs) into something other than the same old boring stocks, bonds, annuities and mutual funds. The central idea of a self-directed IRA is that it gives you total control of your retirement assets. With a self-directed account you can invest your IRA funds in whatever you know best.

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How to Stretch an IRA to Last More than 150 Years

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Topics: IRA/Roth


   I have a philosophy, which is that if you can create win-win situations you should always do so. My daughter, Briana, is 12 years old and has been invited to travel to Europe next summer to be a Student Ambassador through the People to People program (www.studentambassadors.org). One of the requirements I am making for Briana to go is that she must raise one-half of the finds for the trip. Since Briana needs funds for her trip, and my company, Entrust Retirement Services, Inc. needed help stuffing envelopes to send out our quarterly statements, Briana came to work for us to help stuff envelopes. This earned her money for her trip and at the same time reduced my taxable income – a definite win-win scenario.

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The Saver’s Tax Credit – How to Get Up to $2,000 FREE From the U.S. Government

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Topics: IRA/Roth


  Tax time is coming, and many of you are considering whether or not to make a 2008 contribution to your Traditional or Roth IRA. I have good news! If you are at least 18 years old, you are not a full-time student, you are not claimed as a dependent on another person’s tax return and you meet the income requirements listed below, you are entitled to a tax credit of up to 50% of your contribution to almost any type of retirement plan, including a Roth IRA! If you then take your refund from the government and put it back into your IRA, your retirement savings will increase by as much as 50%!

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Failure is Voluntary

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Topics: Investor Success

   
    One could make the case that following all three of the above success rules could be complied with by most of those who are poor. Of course there are exceptions to the rule. Widowers and widows. Those who are mentally or physically disabled, etc. But in terms of the general population, those who don't follow the above rules could do so for the most part if they wanted to. Ask yourself, which of the above rules are prohibited by law? Who can't complete high school? Millions of immigrants with less than perfect command of the English language do it every year. If they tried, who couldn't avoid having a child, as father or mother, prior to age 20; especially out of wedlock without the benefit of a parental partner?

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How to Be More Productive, Effective and Successful

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Topics: Investor Success


One of the good things about being self employed and having a home based business is the flexibility to do what you want, when you want, and how you want.  One of the WORST things about being self employed and having a home based business is taking advantage of being able to do what you want, when you want, and how you want. How could that be?

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Are You Struggling in Your Real Estate Business?

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Topics: Investor Success


A “common denominator” I’ve noticed with many newer investors is that many are “dazed and confused” about what to do next or which path to follow or which type deal to do. The net result is that they are either literally paralyzed because of information overload or, even worse, some have headed down the wrong path and are in serious financial trouble. Does that sound familiar?

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Be All That You Can Be

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Topics: Investor Success

 
   I’ve always considered the Army recruiting slogan above to be as good advice as anyone can be given. The Army takes a lot of time testing new recruits to see what their aptitudes are before assigning them a duty. Entrepreneurs’ aptitudes are tested by the ventures they attempt. The more we can learn, the better equipped we’ll be to deal with challenges that come our way. But that doesn’t mean that we’ve got to learn everything about everything before we start out.

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Can Do People Do – Can’t Do People Don’t

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Topics: Investor Success


   I like to read books about the lives of successful people. In these books, I see the “rags to riches” pattern repeated over and over again. If we are to take any lessons from the lives of successful people such as Benjamin Franklin, Henry Ford or Bill Gates it’s this: The yellow brick road to success starts with a person’s dissatisfaction with some aspect of their life; followed by a desire to do something about it; coupled with the expectation that a change can actually be created to improve the situation. The success of this concept rests on the conviction that the change can actually be accomplished and that it will decrease dissatisfaction.

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