Rob Rowsell talks about the strategy of lending from your Roth IRA. Should you loan hard money from your 401(k) for investments? How does Rob use this lending strategy to beef up his formerly neglected retirement fund? Watch and learn how to supercharge your compound interest and protect your wealth!
When Is Lending From Your Roth IRA A Good Idea?
Most investors would not consider lending from your Roth IRA a wise move. Rob, however, uses this method in order to build his retirement fund wealth. He is comfortable with the amount of hard cash in his 401(k). Since he also knows the proper procedure for investment withdrawals, Rob can later deposit the earnings from the investment back into his account.
For years, Rob did not contribute to his retirement fund as much as he should have. This lending strategy is a way for him to make up for lost time that his wealth was not growing passively through compound interest.
This wealth building method is a regular strategy Rob employs. When describing the act of lending from your Roth IRA, it emphasized Rob’s routine. He advised that Inner Circle Community participants should spend at least 20 hours per quarter focusing on wealth. That means acquiring, retaining, or compounding your wealth. As your net worth increases, the time you spend strategizing will also increase.
Join Our Multifamily Investing Community Today
Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!