If you’re like most of us, you generally don’t keep enough money to buy a house—or even to renovate one—in your checking account. But that doesn’t mean you should be satisfied with the meager income you bank offers you for using your money. We at Hermit Haus Redevelopment, and many other reputable investors in your area, can put your money to work for a much better return than you’ll make off your bank.
But if you don’t have that kind of liquidity in your bank account where will it come from? Almost everyone has a 401K or Individual Retirement Account (IRA). Many of us have accumulated quite a chunk in those accounts over the years, some of us over more years than we’d care to admit. But that money isn’t very liquid. In most cases, you have to jump through some hoops to access it, but it’s not impossible.
I don’t know how much your retirement plan is currently earning or how certain you are that you’re even going to be able to retire. If you’ve got your retirement money locked up in CDs, you’re losing money every day. Literally. CDs today typically earn less that 1% each year. With core inflation running somewhere between 3-5%, the money in your CDs is worth 2-3% less every year you keep it straightjacketed.
If you’d like to understand how to make your retirement account work harder for you, keep reading.