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Posted 2/10/2019 09:07 (#7310636 - in reply to #7308709)
Subject: RE: Investing

My thoughts. Don't wait to invest on a pullback. Do it as soon as possible because time is ticking and if you are in it for the long haul....the more time you have on your side, the bigger the payout.

If you can, do a mix of both SEP 401K (pre tax $) and a Roth IRA (after tax $). The SEP will help you reduce current taxes now and the Roth will allow you to pull the principal out if you need it to help buy some more land. Meanwhile, that principal in the Roth will be working for you. I do like index funds for low cost, diversification and the ability to set it...and forget a point.

All depends on when you envision needing the money. Plus, if you never touch that Roth, you'll have tax free money come retirement mixed with taxable income from the SEP. This is something to seriously discuss with your CPA or in my case FBFM fieldman. He gave me great input from the various ways he's seen others put it together.

If you want a true investment professional, contact a CFP
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