If you believe as I do, that our retirement will soon be
entirely self-funded, it is time to become aware of possibilities and
opportunities. Virtually all retirement
funds are self-directed. In a general
sense, we all get some say in how our funds will be invested. If you are an advisor to clients soon to be
facing retirement, you need to get ready.
I like to say, company is coming. Your clients are searching for ways to direct
their investments to more than the stock market. Many are discovering that they can make so-called
alternative investments. Real estate,
for instance, is a popular idea for a self-directed retirement account. Many of my retired clients are asking about
how to structure IRA LLC investments or how to move their big company 401(k) to
a solo 401(k) to gain checkbook control.
I am not a baby boomer!
I was born about six months too early for that distinction. However, I think like a baby boomer. I want control of my finances. But control comes with its own set of
problems. Perhaps it is as I wrote in a
poem, “… long
before I learned that age brings clarity and creativity comes only after
learning the notes.” We all need to prepare
for the new challenges of truly self-directed retirement. It requires that we educate ourselves so we
can educate the clients and customers that depend upon us. It is difficult to advise others if we do not
have a full box of tools to do the job. We need to learn the notes.
My associate, TJ McCue will be joining me for this blogging
adventure. TJ helped manage the chaos of
a recent startup. He comes highly recommended
from many friends, associates and satisfied clients around the world. I know you will appreciate his perspective on
how to grow the self-directed retirement space for your business.
In coming months, we will be expanding the self-directed
possibilities for self-directed lives.
We have much to talk about.