Los Angeles, CA (PRWEB) April 29, 2014
Americans were asked by Gallup about financial matters that worry them the most based on their current financial situation. Surprisingly, the top answer which got 59% is not having enough money for retirement. This result was released during the start of the second quarter of this year as Gallup conducted their annual Economy and Personal Finance poll. In line with this survey, Sense Financial reveals how the best retirement plan can ease this kind of financial worry.
Out of the nine financial concerns raised by Gallup, saving for retirement made Americans to worry especially the middle aged population ranging from 30 to 64 years old. Next to retirement with 53% is not being able to pay medical bills in the event of an accident or serious illness, while the third major concern with 48% is not being able to sustain the standard of living they enjoy. To address the top financial concern of Americans, Sense Financial, leading provider of the best retirement plan for self employed through Solo 401k and Checkbook IRA self directed retirement accounts, discusses how the different types of retirement plans particularly for the self-employed sectors can help them get through this financial worry.
The best retirement plan for the self employed would either come from the Solo 401k or Checkbook IRA depending on an individual’s need. The Solo 401k is designed for self employed individuals with small business that is running with no fulltime employees. An employed individual is also a good candidate for this kind of retirement plan as long as he or she owns a small business on the side while being employed. The Checkbook IRA on the other hand is a kind of SEP IRA designed for self employed individuals who own larger business firms with several fulltime employees. Both plans can be self directed, which means that account owners has the authority to choose the kind of non-traditional investment they want their money to grow in.
Not everyone understands how the stock market works, and not being aware about how their retirement investments are going through from the hands of others could either put one’s retirement savings on a make or break situation. To be completely safe and to avoid worrying, choosing an investment vehicle that an individual knows about such as real estate, gold, and private or start-up businesses can help them achieve a more stable retirement. Any of the plans offered by Sense Financial are equipped with checkbook control feature to personally allow access to any transactions on the account. This feature from the best retirement plan also eliminates the involvement of a custodian to administer transactions, thus, no more custodian fees and delays.
Sense Financial is California's leading provider of retirement accounts with "Checkbook Control": the Solo 401k and the Checkbook IRA. Over the years, they have assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them with the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval.
To learn more information about Solo 401(k) for self-employed real estate agents, please visit http://www.sensefinancial.com.