old. If you try to access that money early, you’ll get slapped
with a penalty and taxes.
employees, you can’t personally manage that money. Your
So yes, you do get to kick the tax can down the road, but
only if you surrender the money to suits on Wall Street for
decades and hope for the best.
Wealth is useless if you have few options and little control. It
becomes little more than numbers on a spreadsheet.
The Broader Problem - The Commoditization
Of Wall Street
Whenever I tell practitioners that I’m not a fan of the 401(k),
they stare back at me with glazed eyes. “How can you say
True. But by who? By suits on Wall Street? Welcome to the
future. “Investing” is just another industry selling products
are hitting the market every week. Apps and tech startups
masses. There are massive fortunes made selling Wall Street
to main street.
“Financial Advisor” is often just a fancy title for “salesman”.
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cial freedom than the clients they are trying to help.
Ultimately, 401(k) retirement plans are sold in bulk as com-
own wealth for themselves.
If Not 401(k)s, Then What?
There are countless ways to invest outside of traditional Wall
Street constructs. The key is to learn to orchestrate your own
capital. I am a huge advocate for investing in capital assets.
Investing in capital assets can take many different forms, it
offers a host of advantages over the “paper” assets of Wall
Street.
Investing In Your Business As A Capital Asset
practice and create good returns, you need some help transforming
your practice into a real business. Your practice is
your #1 asset. If done properly, it is an investment that will
give you:
• Better returns.
• Better tax advantages.
• Better control.
And you can enjoy the fruits of all of this now. Not when
you’re 59.5 year old.
Real Estate As A Capital Asset
Real estate has long been the preferred investing vehicle of
the world’s elite. If done properly, investing in capital assets
and the security of owning real, physical assets - not paper
on Wall Street.
Did you know you can own real estate through a self-directed
IRA? If you take the money tied up in your 401(k) “prison”
you can enjoy the tax advantages of an IRA retirement account
while still maintaining control of your wealth.
Freedom = Responsibility. Are You Willing?
Freedom. If you want to orchestrate your own wealth and
Unfortunately, most of our colleagues may opt for the easy
Freedom.
For those that are willing to take ownership and orchestrate
their own wealth, the road less traveled leads through a land
rich with opportunity.
I’ve always preferred the road less traveled.
How about you?
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