In this episode, Amy explores the concept of abundant retirement, offering listeners a fresh perspective on traditional retirement accounts like 401(k) and IRAs. Amy challenges the conventional wisdom surrounding retirement planning, urging listeners to rethink their assumptions and take control of their financial futures.
She highlights the downside of relying solely on tax-deferred accounts, emphasizing the impact of inflation and tax brackets on retirement savings. Amy introduces the concept of self-directed IRAs and the solo 401(k), which allow investors to diversify beyond traditional paper assets into real estate, precious metals, businesses, and more. She also walks us through some practical examples of their benefits and how to take advantage of them.
Ultimately, Amy encourages everyone listening to know their options so they can make the most informed choices that align with their vision of abundance in retirement.
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