Comments on: Bill Gates Doesn’t Have an IRA or 401K http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/ How to Quit Your Job and Start Your Own Business Tue, 18 Nov 2008 22:30:15 +0000 http://wordpress.org/?v=2.6.3 By: Claire Fenton http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1377 Claire Fenton Mon, 16 Jun 2008 20:14:28 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1377 For those of you who have accumulated an IRA nest egg and would like the financial freedom to now convert this to passive income in the form of a real estate investment, with all the tax advantages that come with rental property - check out the OUTSIDE method of investing in real estate by utilizing an IRA or 401k rollover. You don't have to wait until you are 59 1/2 to be able to benefit from your years of retirement savings. This method applies much of Brian Armstrong's financial philosophy. For those of you who have accumulated an IRA nest egg and would like the financial freedom to now convert this to passive income in the form of a real estate investment, with all the tax advantages that come with rental property - check out the OUTSIDE method of investing in real estate by utilizing an IRA or 401k rollover. You don’t have to wait until you are 59 1/2 to be able to benefit from your years of retirement savings. This method applies much of Brian Armstrong’s financial philosophy.

]]> By: Brian Armstrong http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1363 Brian Armstrong Sat, 14 Jun 2008 04:22:02 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1363 I'm testing out a reply for threaded comments... I’m testing out a reply for threaded comments…

]]> By: Brian Armstrong http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1360 Brian Armstrong Fri, 13 Jun 2008 03:51:57 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1360 Hi Chris, I self published it with Lulu.com. I'd recommend them. Brian Hi Chris,

I self published it with Lulu.com. I’d recommend them.

Brian

]]> By: Chris http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1358 Chris Thu, 12 Jun 2008 05:37:35 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1358 Hi Brian - I was wondering how you went about publishing your book. Did you go through a publisher, or do it on your own. Thanks, --Chris Hi Brian - I was wondering how you went about publishing your book. Did you go through a publisher, or do it on your own.

Thanks,
–Chris

]]> By: Brian Armstrong http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1339 Brian Armstrong Thu, 05 Jun 2008 22:31:21 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1339 Good point Adam. Good point Adam.

]]> By: Adam Holland http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1337 Adam Holland Thu, 05 Jun 2008 13:55:17 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1337 This reminds me of when they updated the 401K info when I was still at my full time job.. They had 2 meetings w/ the "financial advisor" (who's got a job, by the way) where half the company would go to the first one, and the other half the second one.. (the company has a total of about 25 employees so this wasn't a big deal). Everyone was wondering where the owners were (husband and wife, a family-owned business). They were trying to figure out why they weren't at the meeting.. I wasn't about to try and explain to them that the owners probably make about half a million a year combined and that "the business that YOU are building for them" is going to BE their retirement income. It's the difference between "leasing" your job, or "owning" a business. One you have equity, the other you don't. Adam Holland This reminds me of when they updated the 401K info when I was still at my full time job.. They had 2 meetings w/ the “financial advisor” (who’s got a job, by the way) where half the company would go to the first one, and the other half the second one.. (the company has a total of about 25 employees so this wasn’t a big deal).

Everyone was wondering where the owners were (husband and wife, a family-owned business). They were trying to figure out why they weren’t at the meeting..

I wasn’t about to try and explain to them that the owners probably make about half a million a year combined and that “the business that YOU are building for them” is going to BE their retirement income.

It’s the difference between “leasing” your job, or “owning” a business. One you have equity, the other you don’t.

Adam Holland

]]> By: Stu http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1333 Stu Wed, 04 Jun 2008 22:41:14 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1333 interesting, very interesting. I'm in the UK, wondering how worthwhile it would be here, only 22 so haven't started planning for retirement just yet, although become eligible for company pension contributions in a few months (100% match up to 20% of salary). Also not sure about penalties for cashing out etc, definitely something to think about though! interesting, very interesting.

I’m in the UK, wondering how worthwhile it would be here, only 22 so haven’t started planning for retirement just yet, although become eligible for company pension contributions in a few months (100% match up to 20% of salary). Also not sure about penalties for cashing out etc, definitely something to think about though!

]]> By: Creer un site http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1332 Creer un site Wed, 04 Jun 2008 21:18:18 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1332 Sorry, I'm french so we do not have the same retirement system. The only positive point, is just like insurance in case of health issue. (in fact, I just pay the minimum in case... :) ) Sorry, I’m french so we do not have the same retirement system. The only positive point, is just like insurance in case of health issue. (in fact, I just pay the minimum in case… :) )

]]> By: Caroline (works from home typing) http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1330 Caroline (works from home typing) Tue, 03 Jun 2008 10:13:59 +0000 http://www.startbreakingfree.com/284/rich-people-dont-use-iras-and-401ks/#comment-1330 Neither do I. I plan to work until I drop, quite literally. Neither do I. I plan to work until I drop, quite literally.

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