As the stock market remains an unpredictable entity, individuals are often left with feelings of uncertainty when it comes to their retirement savings. One potential solution to this issue is the Rollover of qualified funds, such as 401k and IRA accounts, into a self-directed fund. By doing so, individuals can gain complete control of their retirement savings, allowing for more freedom and flexibility in investment choices.
The impact of market volatility on traditional retirement accounts, such as 401ks and IRAs, is well-documented. Since the Dow Jones was established in 1896, the market has experienced a 43% drop every 9.875 years on average. Especially with the market turmoil in recent years, it's no wonder that many individuals are seeking alternative options for their retirement savings! By moving your fund into a self-directed account, you can allocate your retirement account in a wider variety of assets, such as real estate, life insurance, precious metals, and cryptocurrency, which can help to diversify your portfolio and potentially mitigate the impact of market downturns.
In addition to the benefits of increased flexibility and diversification, a rollover into a self-directed account can also eliminate the fees associated with traditional advisor-managed accounts. With advisor fees going up to 6.22%, a self-directed account can provide significant cost savings over time, ultimately leading to a larger retirement nest egg.
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