Mark Kohler lays out a two-step plan for high earners: grab your full 401(k) match first, then put $7,500 into a self-directed Roth IRA where you pick the investments. You can hold stocks, crypto, real estate, or small-business stakes inside it.
I want you to go into a Roth IRA. With an individual Roth IRA, you can invest it in what you know best. It could be ETFs, stocks, bonds, mutual funds. It could be crypto, it could be real estate, it could be small business. Now, you know, I talk a lot about self-directing, and especially on our podcast, the Directed IRA Podcast. Please get over there and listen to that. But when you're a high-income earner, once I get the match, I want more control. I want to take my next $7,500 this year and put it into a Roth IRA where I have complete control before I go play back in the 401 at the work, which I may do. But talking through our strategy here, number one, I want to get that match. Number two, I want to fund my Roth IRA and in a self-directed account where I can control it.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
