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How To Use Your Retirement Account To Buy Businesses & Real Estate | Greg Herlean

Wealthy Way

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What Is an Individual Retirement Account?

Every type of retirement account is a little bit different, but the general rules all apply regardless. The IRS has created different types of retirement accounts to allow you to put more money in. For example, I have an individual, a self-directed 401k and now this year, I'm able to contribute between me, the employer and me, the employee, up to $52,000 this year. You could never do that in a traditional or a Roth,. Yeah. So there's just different rules, like again, with this simpler step, and that's a percentage based upon how much money you make.

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