With a self-directed IRA with checkbook control, the owner has complete signing authority over his/her retirement funds. No more going through an administrator to fund investments. This type of control offers greater investment freedom, allowing the...
During the 2012 elections, one of the revelations that came out about Republican candidate Mitt Romney’s finances was that his self-directed IRA was worth up to $100m. With current annual contribution limits of $5,500 for those younger than 50 and...
To significantly grow wealth, it doesn’t hurt to learn from those who are good at it, more specifically looking at the investing habits of those with a good track record of growing their wealth. And university endowments have been some of the most...
The Great Recession officially lasted from December 2007 to June 2009 and had immediate and lasting negative financial impact on households and the broader markets. The economy bottomed out, crushing the real estate and stock markets, destroying...
During the real estate boom ten years ago, much was made of all the seemingly new millionaires being made every day. Then when it all came crashing down in 2008, these millionaires were wiped out overnight. What happened? Being a millionaire...
Towards the end of 2019, there were rumblings in the financial community of an impending recession in 2020. The economy had been expanding for more than ten years – longer than any expansion in history – so recession was only a matter of when not if...
Road trips are great. As a kid, we didn’t have phones to keep us occupied and only a few games to chew up time. The “99 Bottles of Beer” song (“99 Bottles of Root Beer” in our family) got real old fast. With nothing else to do, we spent the time...
I’m no behavioral expert, nor do I aspire to be one. Still, I’ve been around the block long enough to recognize that human actions and behaviors are shaped by a variety of factors, including our family backgrounds, life experiences, and even...
Since the onslaught of the Covid-19 pandemic, there has been a massive upswing in interest in private investments. According to a recent article in Institutional Investor, a majority of institutional investors were set last year to increase...