| You might disagree with me but hear me out on | | | | common forms of loss like natural disaster. |
| this. 403b retirement plans are much like standard | | | | Furthermore, real estate tends to increase in |
| 401k plans in the way they are set up and taxed. | | | | value over time. |
| 403b plans are severely limiting and the returns | | | | 4. You do not have ultimate control over a 403b |
| are generally pretty low. If you want to maximize | | | | plan. Your account manager will generally keep |
| your returns and have more control over your | | | | you in the dark and you will only know what is |
| account, you should consider rolling over to a | | | | happening in your account when the quarterly |
| self-directed IRA. Here are 5 big reasons why this | | | | reports come in. Since your employer controls the |
| is something to consider. | | | | account, they will inevitably make choices that |
| 1. 403b retirement plans do not have | | | | benefit them more so than you. If you want |
| tax-advantages. They are set up like traditional | | | | complete control over your investments and a |
| accounts, meaning that the contributions are | | | | say in what happens to them, roll your assets |
| tax-deductible but your earnings and withdrawals | | | | over to a self-directed IRA. With a self-directed |
| are taxed. This means more paperwork and | | | | IRA, you will have an account custodian help you |
| generally more taxes. If you think you are going | | | | but you will have the ultimate say in what goes. |
| to be in a higher tax bracket when you retire or | | | | Your account custodian will simply listen to your |
| if you expect tax rates to be higher, your best | | | | wants and act in your best interest so you don't |
| bet would be to rollover your 403b plan to a | | | | even have to be an experienced investor. With no |
| self-directed Roth IRA. Contributions to Roth IRAs | | | | extra work on your part, you will be able to sit |
| are taxed but the earnings and withdrawals are | | | | back and watch higher returns roll in. |
| tax free. | | | | 5. 403b retirement plans give low returns. If you |
| 2. 403b plans are severely limited in terms of | | | | want to maximize the returns you are getting on |
| what assets you can hold. They are generally | | | | your investments, roll over to a self-directed IRA |
| limited to mutual funds and annuity contracts. With | | | | and invest in real estate. There are companies |
| a self-directed Roth IRA you have a much wider | | | | that buy up old homes or neighborhoods, |
| range of options and freedom to choose the | | | | renovate them, and re-sell them to working class |
| investment venues you prefer. This means you | | | | families. Because they don't expect unrealistically |
| have more opportunities to increase your returns. | | | | high returns on the homes, the process only |
| 3. With 403b retirement plans, you do not have | | | | takes 4-6 weeks. As a result, your money can be |
| the option of investing in real estate. Real estate | | | | invested and re-invested in the same process, |
| is the best investment option because it is stable, | | | | giving you higher returns. |
| low-risk, and lucrative. There are companies out | | | | Your next step? Take this information and use it |
| there that are set up to help you self-direct your | | | | as a guide to help you weigh your options. 403b |
| account and they can help you make all the right | | | | retirement plans simply don't provide a sufficient |
| investment choices. These companies can | | | | rate of returns to help you meet your financial |
| guarantee to double your returns or pay the | | | | goals. If you want to maximize the returns on |
| difference. They will most likely even triple or | | | | your investment without any extra work required |
| quadruple your current rate of returns. Real | | | | on your part rollover your 403b to a self-directed |
| estate is stable because there will always be a | | | | IRA. By doing so, you will be able to retire in |
| high demand for it and it is insured against | | | | comfort without entering into any risky venture. |