When it comes to investing for retirement, the author of today’s article argues that “While there has been an explosion in passive investing in recent years, investing specifically in your area of expertise can give you a leg up.” How? By using a self-directed account that allows you to make investments in alternative asset classes associated with that area of expertise. However, the author cautions, while “The scope of what you can do with a self-directed account is broad…the IRS does have rules around what you cannot do with an IRA or 401(k) plan.” For more, CLICK HERE.
How Your Area Of Expertise Can Give Your Retirement Account A Boost
Tags:401kBoosting Retirement SavingsInvestInvestingInvestment AdviceinvestorIRAirsPassive Investingretirementretirement accountRetirement InvestingSelf-Directed Account